HomeNationalThe BJP in Karnataka would face a crucial floor test tomorrow at...

The BJP in Karnataka would face a crucial floor test tomorrow at 4 pm. The total strength of the House now is 221 and the magic number would be 111 since polls in two assemblies have been deferred and H D Kumaraswamy holds two seats. The BJP has 104 seats and would need to touch the 111 mark to stay in power. Splitting the Congress and JD(S) would be impossible in the wake of the anti-defection law. The only other option remaining is to get the MLAs from the other side to either resign or abstain. This makes the Congress the obvious target. The first target of the BJP would be to reduce the strength of the House. The BJP has been tapping various resources which includes the mutts. There are several Lingayat MLAs in the Congress who are the target of the BJP. They have been told that they could suffer electorally in the long run if they prevent Yeddyurappa, a Lingayat leader from becoming the CM. The BJP is also confident that both the MLAs would jump ship. The MLAs are bound to back the side which is capable of forming the government.

Niti Aayog CEO Amitabh Kant has said that crony capitalism in India will come to an end with the new bankruptcy code though it was facing some teething troubles.

Commenting on the issue, Niti Aayog CEO Amitabh Kant told the media, “Insolvency and Bankruptcy Code (IBC) will ensure that the world of crony capitalism comes to an end. Earlier, you could borrow and not repay. Now if you don’t pay, you lose your business.”

As per reports, there had been questions on IBC as it had failed to achieve time bound completion of the resolution process on major NPA accounts released by the Reserve Bank of India. IBC had mandated 270 days time-bound resolution or send to liquidation but due to various litigations, there had been delays.

Kant said banks are going bust due to NPA and government has to bring in some discipline as it is public money.

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