Mamata's Jumma Ka Chumma

NEWSPAPERS HEADLINES

Almost all newspapers lead with the PM's justification of the government's decision on FDI and the hike in diesel prices. 'PM tells nation-trust me on reforms, I will deliver' is the Hindustan Times headline. 'UPA talks reforms with a human face' writes the Financial Express.

"FM rolls out some tax goodies' says the Economic Times. 'PC abolishes duty on non-subsidised LPG - cuts tax on foreign borrowing, clears Rajiv Gandhi Equity Savings Scheme' says the Statesman.

'Reform spree sends Sensex up 404 ponts' writes the Economic Times, while Mail Today reports of the rupee gaining 93 paise.

The next big story of the day is the Trinamool quitting the UPA government. The Times of India calls it 'Mamata's Jumma Ka Chumma'. The Pioneer and the Asian Age show the Trinamool Ministers emerging from Rashtrapati Bhavan after submitting the letter withdrawing support to the government. 'SP becomes UPA pillar even before TMC quits' writes the Indian Express.

'Maya, with 21 MP's likely to continue support' says the Asian Age.

The iphone 5 which went on sale in 9 countries yesterday is reported on the front pages of the Hindustan Times and the Financial Express.