loksabha trust vote on confidence motion brought by manmohan singh

The loksabha shall decide the fate of confidence motion brought by prime minister manmohan singh tomorrow. I have my fingers crossed. If the government looses the confidence motion, then we shall be looking at another general election. Looking at the fiscal health of the country i hope that situation will not come. On the other hand a win shall allow the PM to go ahead with many reform programmes that were shelved due to left opposition.

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What is 123 agreement?

The 123 agreement between india and US has become one of the most famous treaties in recent years with the fate of government of india hanging because of it. The 123 agreement between India and USA refers to Sec. 123 of the U.S. Atomic Energy Act. There is a ban on transfer of nuclear technology to other countries under this Act. The Hyde Act was passed by U.S.A to make an exception for India, to enable transfer of technology for civil nuclear energy. The 123 Agreement is the terms of engagement which operationalizes the treaty agreement between india and u.s.a for transfer of civil nuclear technology. The next step is to enter into agreement with the IAEA ( international atomic energy agency) for safegaurds of the civil nuclear reactors to be set up under the 123 agreement and to enter into an agreement with the NSG ( nuclear suppliers group) for supply of nuclear fuel i.e uranium for the civil nuclear reactors. Once India completes the agreements with IAEA and NSG, then the U.S. Congress will vote on the 123 agreement. Once it is approved by the U.S. Congress, then the deal is complete and India and U.S.A can enter into nuclear commerce i.e supply of nuclear reactors, transfer of technology, supply of nuclear fuel etc

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Yahoo! accepts Icahn into the board. That’s it???

After months of bitter fight for control, Yahoo today announced an agreement with Icahn, who will get a seat on the Yahoo board. The board will be expanded from 9 to 11 members. Under the settlement pact, eight members of Yahoo!’s current board including chief executive Jerry Yang would stand for re-election at the annual meeting to be held on August 1. Icahn, who owns nearly 5 per cent stake in Yahoo!, had threatened to oust the current board following the collapse of the takeover talks between the internet major and Microsoft.

Interestingly, Icahn had been urging for the resignation of Jerry Yang and the current board of directors. Yahoo! and Icahn had exchanged a flurry of letters mainly on the internet major’s failure to strike a deal with Microsoft. However as zdnet is pointing out this move was not completely unexpected given Icahn’s past.

I will not pretend that I do not feel a bit let down though. After talking about shareholder’s rights and all I would have expected Icahn to take a more firm stand. It will be interesting to see how Mr jerry and Mr Icahn wil work together. Let us see if mr icahn can push for a microsoft deal as part of the yahoo board.

You can find more views on the topic here and here

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