Hidden Agenda of Sending Pranab to Rashtrapati Bhavan

Why  Pranab Mukharjee should become president of India? Sonia Gandhi has reasons:
 
The Corporate Pressure: Sonia Gandhi is always known to have good relationship with corporates since from Bofors deal. Few important decisions of Pranab Mukharjee made the eyes of corporate red. He introduced retroactive tax in the 2012-13 budget, with regard to capital gains tax payable to the government on transfer of Indian corporate assets through Vodafone-style M&A deals held abroad. This provision angered British Prime Minister Tony Blair, German Chancellor Angela Merkel and US Secretary of State Hillary Clinton had taken up the issue directly with Prime Minister Manmohan Singh. A report tells seven top US industry, trade and securities associations had sent written complaints against his 2012-13 budget to the US treasury secretary and secretary of state and wanted them to convey their concerns to the highest level of the UPA government. He was also keen in recovering the tax loss of Vodafone deal. So there was a corporate pressure to exit him from finance ministry to enjoy the loop holes of tax framework to enjoy the benefits of  tax heavens.


To make him exit from Finance Ministry: Sonia Gandhi was unhappy with Pranab Mukharjee for not convincing alleys in the recent decisions of finance ministry like the FDI in retail, foreign participation in pension fund management, foreign control in banking and insurance sectors and fuel price increase. A high inflation was seen during last couple of years leading to high interest rates which made industrial and development activities come down. This again resulted in a slow-down in FDI and FII inflows. So the prime minister and the UPA chairperson Sonia Gandhi were looking for the exit of Pranab Mukharjee from the finance ministry.

To decide the next prime minister: Yet another most important reason why Pranab Mukharjee should be the President. Definitely PM Mr Singh will make way for new face in prime minister's office in next general election. Pranab was a potential candidate after Singh. Congress does not have another unquestionable leader to replace Mr Singh as Pranab will be in Rashtrapati Bhavan. Rahul Gandhi's way to PMO will be clear now. Or it may be Sonia Gandhi, as Mr Kalam is not there to stop her from becoming PM.