New Delhi (PTI): The JD(S), headed by former prime minister H D Deve Gowda, on Saturday said it will have no truck with either BJP or Congress in Karnataka, though the party supports the UPA at the Centre.

In a political resolution adopted at the party's national executive meeting, the JD(S) maintained that it will continue with its policy of equi-distance from the two parties in the state.

The JD(S) said the party did not have any pre-poll alliance with either Congress or BJP in the Lok Sabha elections in which people "rebuffed leaders who clamoured for a bio-polar polity".

Referring to the plight of farmers in the country, Mr. Gowda asked the Centre to bring out a white paper on the status of agriculture.

He told reporters that the need of the hour was to create a national agriculture price stabilisation fund and accord top priority to ongoing irrigation projects.

Mr. Gowda also demanded expansion of institutional credit mechanism for farmers and a pension scheme for all marginal and small cultivators.

He said the much-publicised waiver of farm loans has touched only the tip of the iceberg as most of the farmers have taken money from private lenders.

The party also demanded implementation of the recommendations of the Rangnath Misra Commission on welfare of minorities.

Expressing the confidence that regional parties would continue to play a key role in national and state politics in days to come, the JD(S) in its resolution cautioned against "any attempts to marginalise their role in the national polity."

The party has also decided to put up candidates in the upcoming assembly elections in Maharashtra.

The economic resolution of the party touched on issues of global recession, rising prices, unemployment and also sought to caution the government against its disinvestment plans as outlined in its Economic Survey.

"The Economic Survey advocates revitalising the disinvestment programme with a plan to generate at least Rs 25 thousand crore per year.....we will persuade the government not to allow blanket sale of the nation's assets...," the resolution said, adding "all efforts should be made to revive the sick PSUs".