Global financial crisis in October 2008 rose by 11.18% within the day. Germany announced a €400 billion plan. On Monday the International Monetary Fund offered possible technical and financial aid to Hungary which has suffered during the crisis due to the flight of investors to euro, Swiss franc, and dollar denominated investments. As in the rest of the world, on Monday stock prices rose on the Hungarian exchange and pressure on the national currency, the forint eased. The forint has dropped 30% against the dollar since July. The prime minister of Spain, Jose Luis Rodriguez Zapatero, announced that Spain would provide up to €100 billion of
Prime Minister of India Congress. Subsequently, Morarji Desai—a former deputy prime minister—became the first non-Congress prime minister of the country. The government of Prime Minister Desai was composed of groups with opposite ideologies, in which unity and coordination were difficult to maintain. Ultimately, after two and a half years as PM; on 28 July 1979, Morarji tendered his resignation to the president; and his government fell. Thereafter, Charan Singh—a deputy prime minister in Desai's cabinet—with outside, conditional support from Congress, proved a majority in Lok Sabha and took oath as prime minister. However, Congress pulled its support shortly after, and Singh had to resign;