Business Standard
Saturday, Feb 18, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Bhujbal retained as Dy CM, NCP wants to keep key portfolios
Press Trust Of India / Mumbai Oct 27, 2009, 00:50 IST

Opting for status quo, Congresss ally NCP today named Chhagan Bhujbal for the post of Deputy Chief Minister in Maharashtra and ruled out yielding key portfolios like Home and Finance to the senior coalition partner.

Both Bhujbal(62) and party leader Praful Patel, who announced the name of the prominent OBC leader to head the NCP Legislature Party, insisted that a 1999 formula under which it got Home, Finance and Power be the basis for portfolio allocation which is expected to be a ticklish issue.

The NCP's stand was outlined in the wake of a section of the Congress reportedly keen on securing these key portfolios to reflect the party's increased strength in the Assembly.

For the record, Bhujbal said the NCP has not received any official proposal from the Congress for portfolio allocation but said NCP would demand implementation of the formula in 1999 when the two parties formed a coalition government. Patel said the decision to continue with Bhujbal was "unanimous". It will the third term as deputy CM for Bhujbal who has come a long way from being a rabble-rouser in his Shiv Sena days.

Talks on portfolio distribution between Congress and NCP will be held in New Delhi, Patel said.

Congress won 82 seats and NCP bagged 62 as against 68 and 71 respectively in 2004. In the outgoing government, NCP had 24 ministers while 19 were from the Congress.

Patel made the announcement on Bhujbal after a meeting of the NCP legislature party here which had authorised NCP chief Sharad Pawar to decide on the new leader.

Water resources minister Ajit Pawar, a nephew of Sharad Pawar and who was one of the front-runners for the post, was among those who seconded the resolution, authorising the NCP supremo to name the leader of the Legislature Party. Bhujbal said he had the backing of Ajit.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street up on Greece, but gains seen limited
- FII-TO-FII: Pantaloon traded at 7% premium
- Civic polls: Saffron alliance retains Mumbai, Thane
- MCX awaits trading rules in commodity options, indices
- Govt to provide incentives for electronic chip manufacturing
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- T N Ninan: Saving Mumbai
- Aditi Phadnis: The battle lines for Behenji
- Deepak Lal: Rights, stakes and Newspeak
- The malt of India
- Lehman withdraws winding-up petition against Wockhardt
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us