July 4 1982 forty years ago udf ministry crisis
The five-week old UDF ministry is engulfed in a grim political crisis which will end up in the exit of at least one minister. The crisis is the direct creation of a revised budget which Finance Minister M Mani presented to the Assembly. It is authoritatively learnt that some of the important announcements made by the Finance Minister were never discussed by the cabinet. Nor were those proposed by the ministers with whose portfolios the announcements were concerned. The Transport Minister, K K Balakrishnan was understood to have been taken aback when he heard Mani announcing the proposal to set up a new public sector transport company with Sultan Battery as its headquarters. It is likely that Balakrishnan would insist on the resignation of the Finance Minister.No recession
Members of Parliament are exercised over reports of recessionary trends in evidence in some industries. They raised the issue at the meetings of consultative committees of economic ministries in the past two days – in the committee pertaining to the Finance Ministry and in the committee under the Industry Ministry. The ministers concerned, however, were vociferous in maintaining that such fears were unfounded. Finance Minister Pranab Mukherjee explained at length how the dear money policy of the Government had not inhibited production, as feared by some members. On recession, he told the committee that if there was a transformation from a sellers’ to a buyers’ market, “it is a good sign”. “The Government’s assessment is that the fear is misplaced considering the impressive overall indices of investment output and infrastructure performance,” Industry Minister Narayan Dutt Tiwari told the members.
The Israeli invasion
Artillery duels broke out between Israeli and Palestinian gunners firing across the lines dividing East and West Beirut as a week-long cease-fire began to crumble. Israeli armoured cars set up roadblocks and turned back cars trying to enter Muslim West Beirut from the Christian half of the capital. An Israeli army spokesman said the roadblocks were “just an indication of what we can do.”
Stay updated with The Hindu Editorial Vocab24 app, your definitive source for breaking news and comprehensive coverage from India and around the globe. Whether it's political developments, business updates, sports highlights, the latest technology trends, or current events, The Hindu brings live, accurate, and reliable news directly to your device.
Don’t fall for sensationalized or fake news shared online. Read and share accurate updates with friends and family through The Hindu Editorial Vocab24 app. Download it today!
News Coverage in The Hindu Editorial Vocab24 App
Breaking News: Receive instant notifications on breaking news stories as they unfold. Stay informed about major events and developments in India and around the world with live blogs, news in shorts videos, and concise articles.
Politics: Get the latest updates on Indian politics, including elections, policy changes, government decisions, and political events that shape the nation.
Business and Economy: Stay ahead in the economic landscape with detailed business news and market analysis. Learn about stock market trends, financial reports, corporate news, and economic developments to make informed investment decisions.
Current Events: Follow stories on social issues, policy changes, global events, and daily current affairs, tailored for UPSC and other competitive exam preparations.
Technology: Keep up with the latest gadgets, innovations, and tech trends. Read expert reviews and analyses in short, concise updates on cutting-edge technology from India and beyond.
Sports: Never miss a moment of your favorite sports. Get live scores, match reports, and expert analysis on cricket, football, tennis, and more.
International News: Stay informed about global events and geopolitical developments, including the Russia-Ukraine war, Israel-Palestine conflict, and other key international stories.
Local News: Stay connected to your community with the latest updates on city events, issues, and local news. Coverage includes hyperlocal updates from cities like Bangalore, Chennai, Delhi, Hyderabad, Mumbai, Kolkata, and more.
Trending Topics: Discover what's trending today with the most talked-about stories and hot topics across India and the world.
Experience journalism that values integrity, accuracy, and reliability. Download The Hindu Editorial Vocab24 app today and stay connected with the world.
Subscribe to our newsletter!
