The Dravida Munnettra Kazhagam (DMK) has pulled out of the United Progressive Alliance (UPA) after seat-sharing talks for the Tamil Nadu elections broke down. A Raja's exit as telecom minister and raids on Karunanidhi's family members in the 2G spectrum scam investigation had caused additional strain on alliance, which eventually led to DMK withdrawing support to the UPA government on Saturday.
In an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, political analyst Yogendra Yadav said that the UPA will fall short of majority if DMK withdraws support. "Anti-UPA is not in majority even if DMK withdraws support," he said. According to him, the UPA-DMK alliance cannot be assumed to have broken down as DMK will provide issue-based support to UPA and it is unlikely that UPA will rush into alliance with Samajwadi Party (SP). This negative trail of incidents has impacted the domestic market adversely, making them more volatile than the previous session. Here is a verbatim transcript of Yogendra YadavDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
