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Mar 26, 2013 at 08:39am IST

Mulayam may ditch UPA, join regional parties, form Third Front: Sources

New Delhi: Samajwadi Party (SP) chief Mulayam Singh Yadav is ready to withdraw support to the United Progressive Alliance (UPA), party sources said on Monday, adding that he might hold a public rally soon to make his decision official.

Mulayam Singh Yadav has reportedly deputed party leader Ram Gopal Yadav to hold talks with regional parties like the Biju Janata Dal (BJD), the Trinamool Congress and the Dravida Munnetra Kazhagam (DMK) on, what is speculated, forming a Third Front for the next Lok Sabha elections.

ALSO SEE Mulayam may try to pull the UPA plug: Sources

The SP chief, speaking at a rally in Sangli, urged all the like-minded regional parties to come together. His son and Uttar Pradesh Chief Minister Akhilesh Yadav has also stated clearly that his party was ready for an October poll.

Earlier in the day, sources said Mulayam has made up his mind that he wants an early election in 2013. The former chief minister of Uttar Pradesh has been telling his party workers to be ready for the early polls scenario, they added. Mulayam is likely to hold a big rally after Holi and will make his intentions clear, party sources said.

ALSO SEE Congress, BJP rebuff SP's Third Front vision

Sources in the SP indicate that one of the options before it is to precipitate a crisis is the Finance Bill, which comes up for vote in the second week of May. If the government fails to pass the Bill, it will fall and there will be no need for a no-confidence motion.

"In the upcoming Lok Sabha elections, there is 99.9 per cent chance of non-BJP and non-Congress government to be installed. There is no doubt in that," said Janata Dal (Secular) leader Danish Ali.

While sources said that Mulayam is seriously considering his options and is in touch with other parties, they added that the SP chief's only worry is that both the Left and the DMK may not back his plan as they don't want an early poll.

Meanwhile, the government is reaching out to potential allies like Nitish Kumar and Mamata Banerjee. The Centre is likely to shortly review backward criteria for states which will meet Bihar's demand for a special status, said sources, adding that the Finance Commission may provide relief to debt-ridden states like West Bengal.

This is how Manmohan Singh's UPA stands currently:

Total - 539

UPA - 232

Half-way mark - 270

Congress - 202

NCP - 9

Others - 21

Outside Support - 49

TMC - 19