Indian Prime Minister Manmohan Singh withdrew an order that allowed convicted lawmakers to retain office after a public rebuke from within the Gandhi family, which leads his party, caused embarrassment before polls.
An Indian court found politician Lalu Prasad, an ally of Prime Minister Manmohan Singh, guilty of embezzlement in a 17-year-old graft case that may redraw alliances before national elections due by May.
Rahul Gandhi, deputy leader of India’s ruling party, criticized Prime Minister Manmohan Singh’s order to allow convicted lawmakers to hold office, distancing his family from the government ahead of elections.
India’s government unveiled a budget proposal designed to ease the impact of inflation on lower-income earners by exempting more people from paying taxes, while inviting foreign investment in infrastructure and accelerating sales of state-owned assets.
Finance Minister Pranab Mukherjee said India’s auction of wireless airwaves may pay for its biggest budget-deficit reduction in 19 years, as the government expects to earn at least 600 billion rupees ($13.3 billion) from the sale.
After a brief lull, the strain in the fractious relationship between India’s Finance Ministry and its central bank, the Reserve Bank of India, is back. India’s annual budget ritual last month, in which Finance Minister Palaniappan Chidambaram presented the country’s economic and fiscal policy, provided a brief respite.
Lawmakers in India vote today for a new president with former finance minister Pranab Mukherjee set to be elected head of state, ending a four-decade political career with elevation to what is mostly a ceremonial role.