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Jaitley says no vendetta behind raids on Chidambarams

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P. Chidambaram

[vc_row][vc_column][vc_column_text]The senior Congress leader had said yesterday that the raids were vendetta by the Modi government

Finance Minister Arun Jaitley on Wednesday rejected the Opposition’s vendetta charge and asserted that the income tax department had acted on the basis of “substantial basis and reasonable suspicion” in raiding the offices and premises of senior congress leader P. Chidambaram and his son Karti Chidambaram.

He said, “Now people in high positions acquiring assets through shell companies is not a small matter and I think the day of reckoning has come for many, they will all be held accountable.”

The CBI clarified on Wednesday that an FIR was registered against Karti Chidambaram for allegedly interfering and influencing the manner in which the Foreign Investment Promotion Board (FIPB) treated INX Media Pvt. Ltd. company having Indrani Mukherjea and Pritam Peter Mukherjea as directors.

The FIR also pointed fingers at the Mukherjea couple, Padma Vishwanathan-led Advantage Strategic Consulting Company and ‘unknown’ officials of the Ministry of Finance, Government of India.

The CBI special teams conducted searches at the Chidambarams’ premises in Delhi, Mumbai, Hyderabad and Chennai as part of the investigation over the alleged irregularities in the manner INX Media received FDI worth Rs 305 crore. In 2007, the FIPB had approved INX Media proposal for FDI inflow of Rs 4.62 crore, but did not approve the downstream investment, saying separate approval would be required for that.

CBI alleges that INX Media “deliberately and in violations of the conditions and approval” generated more than Rs 305 crore through FDI. When these violations were marked in early 2008, the FIPB unit of Ministry of Finance informed income tax authorities and sent a letter to INX Media.

The INX media, in turn, hired Karti Chidambaram for getting the issue resolved by influencing the public servants of the FIPB unit by “virtue of his relationship” with the Finance Minister P. Chidambaram.

Karti Chidambaram had allegedly played out through a company called Chess Management Services Limited, in which he was director, by influencing officers in the Finance Ministry to “ignore serious illegality on the part of INX Media”. It was suggested the said company should apply afresh for FIPB approval for the downstream investment even though it had already generated Rs 305 crore. The concerned officials were convinced not to investigate the violations, the FIR said.[/vc_column_text][/vc_column][/vc_row]

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Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

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Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

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Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

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Himanta sharma

Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

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Rahul Gandhi and Vijay alliance took shape through backchannel talks, early signals from Congress leaders

Congress outreach and political calculations led to Rahul Gandhi and Vijay coming together after the Tamil Nadu 2026 election results.

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The coming together of Rahul Gandhi and actor-politician Vijay in Tamil Nadu after the 2026 Assembly elections was not sudden, but the result of behind-the-scenes political manoeuvring and early signals within the Congress.

According to media reports, some leaders in the Tamil Nadu Congress had already sensed the scale of Vijay’s surge during the campaign, anticipating what was later described as a “wave” in favour of his party.

After the results, where Vijay’s Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party but fell short of a majority, communication channels between the Congress leadership and Vijay quickly became active.

A key moment in this evolving political equation was a phone call from Rahul Gandhi to Vijay, congratulating him on the party’s strong performance. The conversation was seen as more than a courtesy, signalling the possibility of cooperation at a time when government formation required additional support.

Reports indicate that discussions within Congress weighed the political benefits of supporting Vijay, especially given the shifting dynamics in the state where traditional dominance by major Dravidian parties has been challenged.

With TVK needing allies to cross the majority mark, Congress emerged as a potential partner, leading to a broader political realignment in the state. This development also triggered tensions within opposition alliances, highlighting the strategic importance of the decision.

The evolving partnership reflects a mix of electoral pragmatism and changing voter sentiment, particularly the growing influence of younger voters, which leaders acknowledged as a key factor in the election outcome.

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