Bharatiya Janata Party (BJP) veteran Lal Krishna Advani on Saturday said the elections might take place in 2013.
"The Congress has no hope of gaining in the elections due in five states (Madhya Pradesh, Rajasthan, Chhattisgarh, Delhi and Jharkhand). Karnataka is the sixth state, where the elections will take place in May. It is possible they may announce elections in 2013, but I am not sure," he said.
Advani also expressed his disappointment over the rampant inflation and corruption.
"There is no end to the rampant corruption, which is going on right from the Commonwealth Games," he said.
Advani, however, ruled out the formation of a Third Front.
"I don't think there will be any Third Front," he said.
Prime Minister Dr. Manmohan Singh, who arrived in New Delhi late on Thursday night after taking part in the fifth BRICS summit in Durban, talked to the media on board, and said that the government is stable and will complete its full five-year term.
"Obviously, coalitions face issues. Sometimes, they give the impression that these arrangements are not very stable and I cannot deny that those possibilities exist. But I am confident our government will complete five years and that the next Lok Sabha elections will take place on schedule," Dr. Singh said.
Samajwadi Party (SP) supremo Mulayam Singh Yadav had earlier lashed out at the ruling Congress Party, thereby hinting that this outfit could possibly withdraw its support to the government in the coming days.
Yadav, however, made it clear on Friday that he has no plans now to withdraw support to the Congress-led UPA II Government at the Centre.
The Samajwadi Party chief had earlier evinced interest in forming a Third Front of political parties committed to change in Maharashtra, Bihar and Uttar Pradesh.
The Congress-led UPA Government has been in a minority since September last year when Mamata Banerjee pulled out her Trinamool Congress over the Centre's economic reforms, including opening the retail sector to foreign super-chains like Wal-Mart.
Earlier this month, M. Karunanidhi-led DMK also withdrew its support to the UPA over the issue of alleged human rights violations of Sri Lankan Tamils, and ruled out any reconsideration.
This move of the DMK has made the UPA Government vulnerable despite its assertions of having a parliamentary majority. The ruling coalition will now eye for support from the regional parties, which includes the Bahujan Samaj Party and the Samajwadi Party.
The Samajwadi Party provides outside support to the UPA.