CM B S Yeddyurappa announces farm loan waiver

Yeddyurappa sworn in as the chief minister after the Supreme Court refused to stay the ceremony. The Congress had approached the top court, which conducted an overnight hearing on the issue. The apex court has maintained that it cannot dismiss the decision of Karnataka Governor Vajubhai Vala on inviting any party to form the government.

It, however, sought all letters submitted by Yeddyurappa to the Karnataka Governor. After taking the oath, Yeddyurappa will have to undergo a floor test in Assembly.

Just hours after taking oath as the Chief Minister of Karnataka, BS Yeddyurappa fulfilled a poll promise of the Bharatiya Janata Party (BJP) by announcing a farm loan waiver. However, the order cannot be passed as of now because the government is yet to be formed.

In Karnataka, where agriculture is one of the mainstays of the economy, the announcement would have appeased even Congress and JD(S) supporting farmers as the term ‘farm loan waiver’ carries an evergreen charm that none can contest.

Another political consequence of Yeddy’s announcement is that it leaves the Congress and the JD(S), should they manage to return power in Karnataka post a failed floor test, with no option but to announce the same, or probably top it up to make it more attractive.

This came even as members of the Congress, including senior leaders Ghulam Nabi Azad, Ashok Gehlot and Siddaramaiah, staged protest at Vidhan Soudha in Bengaluru against installation of Yeddyurappa as the Karnataka Chief Minister. JDS veteran and former prime minister HD Deve Gowda also joined the Congress leaders during the protest.