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September 2012 Indian Economic Policy Changes were a slew of economic policy announcements made by then Prime Minister Manmohan Singh lead UPA coalition government over a course of two days between 13th and 14th of September. The policy changes were in the field of reduction of diesel subsidy by Rs 5, setting a cap on the number of subsidized domestic LPG gas cylinders to 6 per year per connection, allowing Foreign Direct Investment(FDI) in single brand retail up to 100%, broadcast up to 74%, in aviation up to 49% and allowing FDI in Multi-Brand Retail up to 51%.

Reaction
The breadth of changes announced in over a course of just two days surprised many and was both hailed and opposed by different sections of the society. While the policy changes were welcomed by the large industrialists and the stock market investors but they were opposed by both the opposition parties and several political allies of the congress party. On the issue of FDI in retail the states were divided with mostly the congress lead states supporting the move and others opposing it.

Trinamool Withdrawal
After the announcement of Policy changes on Friday 14th September 2012, the Mamata Banerjee lead Trinamool Congress party which was also the largest ally of congress party in the UPA alliance gave a 72 hour deadline to rollback the changes. However the Manmohan Singh lead congress government refused to relent, with the Finance Minister P Chidambaram ruling out any rollback. On 18th September after a 3 hour long meeting of the Trinamool Congress in Kolkata, Mamata Banerjee announced withdrawal of support from the UPA coalition government effectively reducing the government at the center to a minority. She announced that the central ministers of Trinamool Congress will submit resignation to the Prime Minister on Friday 21st September. Thus effectively giving another 72 hours for the Manmohan Singh to reconsider and withdraw the policy changes announced by his government. She demanded that the diesel price increase should be reduced by Rs 3 per Liter, 12 subsidized LPG gas cylinders should be allowed in a year per connection and FDI in multi-brand retail should be rolled back.