NEW DELHI Dinesh Trivedi's resignation as railway minister has been accepted, Prime Minister Manmohan Singh told lawmakers in parliament on Monday.
Trivedi quit on Sunday after his announcement of an increase in passenger fares in last week's railway budget prompted a furious response from his Trinamool Congress party.
The resignation and the fare rollback that is likely to come, underscored the UPA government's inability to take unpopular policy steps.
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The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017. Full Article