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CAPITAL FLOWS-At Speculators Mercy

satisfied with nothing short of dismissal, especially when he had sent in his resignation over the issue and the state Congress members were fully backing him. It also appeared that while the central Congress leadership would not relieve Tiwari of his job, at least not immediately, in order not to discourage the state Congress flock, it would somehow persuade him not to press too strongly his demand for the withdrawal of support to the UP government. It turns out, however, that the man who had asked the state Congress(I) to pass the resolution recommending withdrawal of support to the minority Mulayam Singh government was actually Rajesh Pilot, the union minister of state for home and currently in-charge of the party affairs in UP. By thus turning out to be the convenient culprit, Pilot has enabled Tiwari to take back the demand for dismissal, and has put Narasimha Rao in a position to accept the demand for withdrawal of Congress support to Mulayam without appearing to be giving in to an adamant Tiwari.

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