Rao's finance minister survives pounds 1bn scandal
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.NEW DELHI (AP) - The Prime Minister, P V Narasimha Rao, tore up his finance minister's resignation letter yesterday, ending a cabinet crisis over a pounds 1.2bn securities scandal. An official in Mr Rao's office said the premier wrote to Manmohan Singh, architect of India's economic reforms, rejecting the resignation he submitted last week.
The governing Congress Party received another boost on Thursday when a faction of a small left-leaning party merged with it, giving Mr Rao a two-seat majority in the 528-member lower house of parliament. Mr Singh offered to step down after an all-party parliamentary investigation criticised the finance ministry for failing to anticipate and check the securities scandal.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments