Allies formalise name

Cong-led alliance formally assumed the name of United Progressive Alliance.

The newly formed Congress-led coalition, which is expected to assume office at the Centre on Wednesday, has been named as Progressive Alliance (UPA).

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Senior Congress leader Manmohan Singh gave the name of the new coalition, while making a detailed statement on the stock market crash on Monday.

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Singh is widely perceived to be the Finance Minister in the Sonia Gandhi-led coalition Government.