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All eyes are set on the election results of Karnataka assembly on May 8. The questions raised are; will any party get an absolute majority or there be a hung house? The trend in the recent assembly elections has shown that the people prefer one-party rule and do not vote for a hung house. This was demonstrated in successive Uttar Pradesh elections. The same was the trend in Bihar election and recently held Punjab and Himachal Pradesh polls. In Bihar, Nitish Kumar romped home comfortably; in Himachal, the Congress sailed through comfortably and in Punjab, Akalis retained power.

New Delhi : India has urged the Asian countries to take measures for addressing common challenges by investing resources in areas that help to empower all sections of the society.

After delivering some grim messages with a sombre outlook for the economy in 2013-14 in its Macro-Economic Survey, the Reserve Bank has kept up with policy easing to address risks to growth, albeit with a quarter percentage point cut in key lending rate, Repo, lowering it to 7.25 per cent with immediate effect.

LUCKNOW: With the emergence of several prime ministerial candidates from Uttar Pradesh, it has become a major battleground for political parties.

New Delhi: Despite US resentment India is likely to go ahead with its plans to develop the Chabahar port in Iran.

The Congress’ star campaigner RaGa (Rajiv Gandhi) and the BJP’s new poster boy NaMo (Narendra Modi) have shifted their focus to Karnataka quietly to test their vote catching ability. The feverish comparison between the two potential prime ministerial candidates has come down in the media as both have chosen a low profile campaign. While there was expectation that Karnataka would be a battleground for the two leaders to test their charisma, neither of them has shown interest in clashing with each other before the 2014 polls. The ground reality shows that neither Rahul not Modi want to be a win or lose factor. They don’t want to stick their neck out for reasons best known to themselves.

The government is planning another sell out of farmers’ interest at the altar of the proposed India-EU Bilateral Trade and Investment Agreement (BTIA). Several rounds of negotiations have taken place and the talks are at an advanced stage.

As the shadow of corruption is getting larger after each passing day, Indian democracy is facing unprecedented crisis. This crisis seems to be deeper than what we witnessed during Emergency of 1970s. At that time, there was a majority government in Delhi and the opposition was very week in the Parliament. But today, numerically speaking, opposition is in majority in the both Houses of our Parliament. After the exit of AITMC led by Mamata Banerjee and DMK led by M. Karunanidhi, the ruling alliance has reduced to minority even in Lok Sabha.

There is no denying of the fact that the entire coal bock allocation scandal that came to be known to the public after a CAG report pointing finger at the UPA government’s lease license policy leading to a huge loss to the exchequer is a creation of the government’s own panic reaction to the super auditors’ surmise, which ignored the national interest and economic compulsion behind the executive decision.

An important item in the free trade agreement being negotiated between India and the European Union is automobiles. The EU is pressing for a reduction in the customs duty on fully built cars imported into India from 60 percent to under 30 percent. The Indian government is reportedly caving in. This is opposed by the Society of Indian Automobile Manufacturers, a powerful lobby that has done much to promote cars.