Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Ram Vilas Paswan all set to align with Bharatiya Janata Party again

Feb 26 2014, 19:10 IST
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Ram Vilas Paswan said members in the Parliamentary Board were of the opinion that the option of going with Bharatiya Janata Party should also be kept open. (Reuters) Ram Vilas Paswan said members in the Parliamentary Board were of the opinion that the option of going with Bharatiya Janata Party should also be kept open. (Reuters)
SummaryLJP, headed by Ram Vilas Paswan, today gave clear indications of tying up with Bharatiya Janata Party (BJP) in the Lok Sabha polls in Bihar.

The Lok Janshakti Party (LJP), headed by Ram Vilas Paswan which left NDA in 2002 over the 2002 Gujarat riots, during which CM was Narendra Modi, today gave clear indications of tying up with Bharatiya Janata Party (BJP) in the Lok Sabha polls in Bihar.

The new tie up that may come as a jolt to Congress' plans to have a "secular" alliance with his party and RJD is likely to be announced in the next few days as LJP's Parliamentary Board that met today authorised Ram Vilas Paswan to take a final decision in this regard.

"The LJP Parliamentary Board has passed a resolution that all steps, even if they are strong ones, should be taken in the interest of the party and if an alternative alliance is to be firmed up party chief Ram Vilas Paswan should take the decision", said his son Chirag Paswan, who heads the Parliamentary Board.

He told reporters that there was a "deadlock" on the issue of alliance between RJD-Congress and LJP.

To a question whether LJP will tie-up with BJP, he said that "all options are now open for the LJP".

The LJP chief Ram Vilas Paswan said members in the Parliamentary Board were of the opinion that the option of going with Bharatiya Janata Party should also be kept open.

"We had our grievances with RJD for a long time. I had even gone to meet Lalu Prasad in jail. But soon after he was out, RJD leaders started saying LJP should be given three seats. That is why we left it to Congress to decide the seat sharing. I waited for months, but there was no decision.

"They assumed that LJP is nothing, it is irrelevant. If one takes 25 seats (RJD) and the other 15 (Cong). It means they do not treat LJP as part of the alliance.... That is why the party has authorised me to explore new alternative," Ram Vilas Paswan said.

BJP sources also said talks between the two parties regarding the alliance have reached an "advance" stage over seat sharing.

To questions about how he could align with Modi-led BJP when he had walked out of NDA Government in the wake of Gujarat riots, Ram Vilas Paswan said "on the one hand there is personal emotion and on the other there is the party. The party is like my mother and its decision is binding on all".

He said options for an alternative alliance

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