Holashtak is an eight-day "inauspicious" period as per the Hindu calender which ends before the Holi. This year, the period begins today (March 5) and will end on March 12.
Many traditional Hindus avoid undertaking any new work during this period.
"We follow Hindu Sanskriti and do not start any new thing during Holashtak and so the list of candidates for MCD elections will be announced after Holi, possibly in the third week of this month," said a senior party functionary.
The Aam Admi Party has so far announced the names of 198 candidates for the 272-member MCD divided into three municipal corporations.
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Congress is also working overtime on party workers' feedback to announce its candidates. Party leaders said they will declare the list as soon as notification for the poll is issued.
The election committee of the Delhi BJP is likely to be formed by March 7-8. The process of selecting candidates will begin after Holi, said city unit general secretary Rajesh Bhatia.
Delhi BJP chief Manoj Tiwari, who is among the party's star campaigner for UP polls, will be free after March 6 when the campaign for the state polls ends.
He can then focus his attention on the MCD polls, a party leader said.