CPM Adamant over Nuke Deal, UPA Govt in Danger

The two-day core committee meeting of the CPM concluded in New Delhi with a strong resolution against the Indo-US Nuclear Deal. It not only rejected the Nuclear Deal outright, but also warned the government to stop all negotiation with the IAEA. CPM Politburo endorsed the Central Committee resolution that terms the Nuclear Deal as "unacceptable".

The CPM Central Committee authorized the Politburo to take all necessary measures to block the Nuclear Deal. The party is also planning to launch nationwide agitation to spread its message among the people that are unaware of the pros and cons of the Nuclear Deal. With the battles lines have been drawn, it's a matter of time when the Left Parties withdraws support to the Government. If that happens, the UPA Government will reduced to a minority and fresh elections cannot be ruled out.

The PM Manmohan Singh had sent a strong message to the critics of the Nuclear Deal yesterday when he sought Japan PM's support to see the Nuclear Bill sails through. With both PM and Left taking tough stands on this issue, the marriage between the UPA and Left seems to be over. Amidst the reports of the widening rift between Left and UPA and the rumors of fresh elections doing round, the BSE Sensex reacted sharply and major stocks fell very quickly. The mood in the market is gloomy and the situation is expected to aggravate further in the days to come.