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Rejecting that rationale, the BJP allegedly said the Finance Minister should furnish any clarifications on the Congress president’s behalf. Congress’s Manish Tiwari said they will not allow a discussion on Mr Vadra since there was “no question of having a discussion on a private individual in the House.” The Congress has also tried to shore up support from its allies to combat the onslaught. UP powerhouse Mayawati showed she is a reliable friend by carefully stating that while the Congress should answer the questions around Mr Vadra, his mother-in-law cannot be held responsible even if graft is proven. Mayawati’s BSP does not participate in the union government, but lends crucial external support along with Mulayam Singh Yadav and his Samjawadi Party.
United Asia Finance May Seek Hong Kong IPO If Valuations Improve
, a consumer-finance arm of Sun Hung Kai & Co. thats expanding in China, may sell shares in Hong Kong to fund its growth in the worlds second-largest economy. United Asia expanded lending on the mainland last year by more than 60 percent to more than 2 billion yuan ($327 million), compared with 10 percent growth in its Hong Kong loan book, which totaled HK$8.3 billion ($1.1 billion), Chief Executive Officer Akihiro Nagahara said in an interview on Aug. 9.