Read
Listen
Watch
Play
Find
Mail
  • Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos

  Post a Message | Explore Forums  |  Browse Stock Messages  |  Hot Discussions  | Top rated Messages  | Top Boarders
Search: Messages    Stock    Boarder
 
Ads by Google
Moneycontrol.com >> Message Board >> View Messages >> Business Talk
   You are here :     Moneycontrol     MMB    General      Business Talk                         Most active discussions of 2006 , 2007 & 2008
All eyes on Samajwadi Party (7)   02-Jul-08 22:48Tracked by (0)  
Posted by:   dineshsahay on ( 02-Jul-08 22:48 )
Addressed to  chief_kamani,  dash.n.crash,  DUstocks,  flashstock05,  gv,  JAGDISH GABA,  patience,  jstocks,  latikav,  pitquote,  radhika_nandlal,  Sensexxx,  KotakInvestment,  stox & more,  howcome
Continue...
The two heavyweights -- centre-left Congress and the Hindu-nationalist Bharatiya Janata Party -- are battling to stay dominant as regional, caste-based parties gain in strength.

This is complicating policy as small outfits exercise disproportionate influence, analysts say.

SP, for example, could have huge weight in deciding when the general elections, due by May 2009, will take place.


A DIFFICULT PARTNER?

There is little love lost between Congress and SP.

Congress party head Sonia Gandhi famously snubbed senior party member Amar Singh four years ago when she did not invite him to a dinner after deciding to form a government with the communists rather than the Samajwadi.

"He could be a difficult coalition partner. Mulayam will demand his pound of flesh," said Atul Chandra, Uttar Pradesh editor of the Times of India. He said Singh's demands could include protection from court investigations or cabinet posts.

The Congress and Samajwadi compete for votes in Uttar Pradesh, which is the state with the largest number of seats in the national parliament. The two heavyweights -- centre-left Congress and the Hindu-nationalist Bharatiya Janata Party -- are battling to stay dominant as regional, caste-based parties gain in strength.

This is complicating policy as small outfits exercise disproportionate influence, analysts say.

SP, for example, could have huge weight in deciding when the general elections, due by May 2009, will take place.


A DIFFICULT PARTNER?

There is little love lost between Congress and SP.

Congress party head Sonia Gandhi famously snubbed senior party member Amar Singh four years ago when she did not invite him to a dinner after deciding to form a government with the communists rather than the Samajwadi.

"He could be a difficult coalition partner. Mulayam will demand his pound of flesh," said Atul Chandra, Uttar Pradesh editor of the Times of India. He said Singh's demands could include protection from court investigations or cabinet posts.

The Congress and Samajwadi compete for votes in Uttar Pradesh, which is the state with the largest number of seats in the national parliament. But in India, there is a history of alliances between former political enemies. And this time the stakes are high for both sides.

The Samajwadi has 39 seats in the national parliament, compared with 59 seats for the communist parties. The ruling coalition needs the support of 44 lawmakers to reach a majority and it hopes to also win support from a few smaller parties.

Meanwhile, SP wants support from the Congress party to battle Mayawati, the current chief minister of Uttar Pradesh.

She is known as the "Dalit Queen", Dalits being the community at the bottom of the Hindu caste system to which she and her vote bank belong. She won power last year promising to return law and order to the state of 170 million people.

"Mulayam's main motivation will be to have help in battling Mayawati," said Chandra. "He is a wily, clever political leader."

While describing itself as socialist, there are few signs the SP will try to block economic reforms as the communist parties have done over the past four years.

Some analysts say it could be a one-issue alliance -- just over the nuclear deal -- and that the Samajwadi would refrain from interfering in any other government business.

Singh has strong links with some of the biggest business groups in Uttar Pradesh, as well as in Mumbai, where one of the party's most important members, Amar Singh, is reported to be close to Bollywood's biggest star, Amitabh Bachchan.

"Mulayam does not have a clear ideology. He's a pragmatist. He will be pro-capitalist," said Rao, the political analyst Reuters
Dineshsahay
Track Post |  Reply to this post | Track Boarder | Click if Offensive | Rate message

Feedback

CNBC TV18 CNN IBN CNBC Awaaz IBN 7 IBN LOKMAT

More from General

Poll 

Do you believe that the Indian banking system is healthy?

Yes No
To SMS your queries to us Type YS < Your query > SMS to 52622
Stocks to be discussed next:
  Suzlon  |   RIL  |  Tata Steel  |   Tata Mot  |   ICICI Bk  | Balrampur Chini  
 view all queries »