Mukesh Ambani Meets Manmohan Singh

Top industralist Mukesh Ambani met the Prime Minister in order to explain to him the pitfalls of the windfall profit tax that can be imposed upon the oil companies under the pressure from SP leader Amar Singh.


Mr. Ambani also met petroleum minister Murli Deora and Finance Minister P.Chidamabaram.

Ambani is also stated to meet Sonia Gandhi sooner.

Mukesh Ambani can face losses to the tune of thousands of crores if the windfall tax is imposed on the comany. Mr. Amar singh who has demanded this is a close friend of Anil Ambani and this is seen as a tactic by the Anil to counter the efforts made by the senior ambani to derail the Reliance communication - MTN bid.

Watch out this space for more.

Somnath Chatterjee to quit on monday??

Veteran Communist leader who has been the speaker of the house for the past four years is widely expected to quit today under pressure from his party members.


He has earlier said that he would not quit like to quit and his position is independent of party influence.


One must however wait today to see his next move.

will UPA stand the floor test??

July 21 is the D-day for the congress for it being the day the floor test will be held in parliament. With BJP and the Left baying for congress` blood and due to the efforts made by BJP and some other parties to poach MPs from UPA allies it is all set to become an exciting battle on cards.



Congress on the other hand in unperturbed by these developments and efforts are on to collect as many MPs to vote for the UPA on the floor. The congress is pinning all the hopes on the Samajwadi Party. But even the Samajwadi Party has some misunderstanding within it as a few rebel MPs have decided to vote against the party`s wish. Congress has said it is even ready to face elections in the event of failing the floor test.

Samajwadi Party to Support UPA??

The Samajwadi Party General Secretary Amar Singh is holding discussions with Sonia Gandhi and constituents of the UNPA of which he is a part of to work out the modalities of supporting congress over the nuclear deal. The SP leaders have reportedly met Former President APJ Abdul Kalam to seek information about the N-deal and he has expressed support to the deal. Following completely satisfied with this Amar Singh has now decided to support the Congress but talks are on to bring together UNPA leaders in this issue.

N-Deal Deadlock still remains

With UPA allies not in favour of an early elections and the left parties still adamant on their nuclear deal stand, it remains to be seen whether any amicable solution will be reached between the Congress and the left. According to sources, Manmohan Singh is very keen to finish the N-Deal with the U S that would go a long way in satisfying India`s energy requirements. This albeit was rejected by some of the scientists while others are in its favour. In yesterday`s UPA-left meet, as usual no decision was reached and the left parties have not relented. They have seeked a written assurance from the prime minister and Sonia Gandhi that they would not pursue the deal. Congress in the meanwhile is looking to the Samajwadi Party to support it in case the left withdraws support in the event of the deal going through. These are troubled times for the Government as it is already tackling with inflation issue coupled with the headache due to the N-Deal.