Plan and Policy

Plan & Policy

Sharad Yadav to launch Loktantrik Janata Dal on May 18

Aiming to stitch an alliance of non-BJP parties to oust the NDA major from power and introduce “politics of socialism”, supporters of rebel JD(U) leader Sharad Yadav will formally launch their party Loktantrik Janata Dal (LJD) here on May 18.

The party is being formed with Yadav as its “mentor”, a leader of the rebel group Arun Srivastava said. The foundation convention will be held at Talkatora Stadium, where around 8,000 members of the LJD are expected to converge on the day, Srivastava added.

Army moves HC against Nirmal Singh’s wife

The Army has moved an application before the J&K High Court seeking contempt proceedings against Mamta Singh, the wife of BJP leader and Speaker of the State Legislative Assembly, Nirmal Singh for going ahead with construction on a disputed piece of land in Nagrota in Jammu.

The contempt petition was filed after Mamta allegedly in violation of a court order did not stop the construction, for which the Army had raised serious objections including the one of posing a security risk to the ammunition depot of the Army situated adjacent to the piece of land owned by her.

Ten Karnataka Ministers Bite The Dust In Polls

At least 10 ministers fell by the wayside as they lost their seats in an anti-incumbency wave that swept the Siddaramaiah government out of power in the assembly polls Siddaramaiah himself lost by a huge margin of 36,042 votes in his traditional constituency of Chamundeshwari in Mysuru to JDS' GT Deve Gowda.

He, however, managed to scrape through in Badami in north Karnataka, where he won by a slender margin of 1,696 votes after a see-saw battle against BJP’s B Sriramulu, a close associate of the mining baron Reddy brothers.

MLAs cooped up, but for how long, worry Cong-JD(S)

Hiding a kitten for a fortnight is no big deal, but keeping 117 legislators safe and ‘unreachable’ is a tough proposition. Well, that’s the weighty responsibility the leaders of Congress and JDS will have until the day when BS Yeddyurappa proves his majority on the floor of the house.  He is expected to swear in at 930 am today.

PCA: FinMin to review steps taken by banks

Perturbed by the fact that 11 public sector banks, out of 21, are under prompt corrective action (PCA), the finance ministry will hold a first review meeting of these lenders on Thursday.

New policy allows use of foodgrain for biofuel

In a major step aimed at promoting lesser polluting fuel, the government on Wednesday approved a new biofuel policy, allowing use of food substitutes and foodgrains as feedstock for production of ethanol meant for blending with petrol.

Choksi, Gitanjali, Nakshatra – all accused in CBI chargesheet

Gitanjali group owner Mehul Choksi (in pic) and Allahabad Bank CEO Usha Ananthasubramanian along with 13 others were on Wednesday charged by the CBI for alleged cheating and corruption in the issuance of fraudulent letters of undertakings worth Rs 7,080.86 crore from Punjab National Bank.

In addition, three companies of Choksi — Gitanjali Gems, Gili India and Nakshatra Brands — have also been made accused in the chargesheet filed before a special CBI court in Mumbai, officials said.

Absenteeism could change the game

The BJP’s strategy hinges on getting as many MLAs as it can from the opposition camp to abstain from voting in the floor test which will then be decided on the strength of the house on the given day.

The BJP with 104 MLAs is eight short of the majority mark. It hopes to get the support of one independent but there are reports that it may lose one MLA to the Congress-Janata Dal (S) combine.

Karma haunts Congress in Karnataka

The BJP claimed that the current crisis in Karnataka was karma catching up moment for former prime minister Deve Gowda who had presided over dismissal of a BJP government in Gujarat way back in 1996  on similar grounds.

A BJP official said that some of the players in the current political impasse are the same that figured in the 1996 drama.  Janata Dal (S) chief Deve Gowda was the prime minister at that time and the current governor of Karnataka Vajubhai Vala was the president of BJP’s Gujarat unit.

Dhanmat trumps Janmat

In a day marked by high drama, intrigue and suspense, charges and countercharges, Karnataka governor Vajubhai Vala asked BJP leader BS Yeddyurappa (Yeddy) to form the government and prove the majority within 15 days.