indias-ruling-upa-government-wins-key-vote

India's ruling UPA government wins key vote

The party led by prime minister Manmohan Singh wins a confidence vote in parliament by a comfortable margin, causing stockmarkets and the rupee to rise.
July 23, 2008
IndiaÆs ruling party, the United Progressive Alliance, won a vote of confidence in parliament on Tuesday by a comfortable margin, securing 275 votes of support with 256 voting against and 10 abstaining. Investors reassured by the news pushed both the benchmark Sensex index and the rupee higher.

The current government, led by prime minister Manmohan Singh, could now be in a position to see out its current term, which ends in May 2009. The move is a fillip for the ruling party as it will enable it to push through reforms which the left-wing parties had been opposing.

The vote of confidence was triggered by the government entering a nuclear pact with the US,...
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