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By:

Akhilesh Sinha

25 June 2025 at 2:53:54 pm

Between illegal migration and the promise of development

New Delhi: Assam's 2026 election reflects a fierce contest over identity, illegal migration, and development, where youth sentiment, tribal rights, border anxieties, and welfare politics converge to redefine the state's-and Northeast India's-political future.   Over the past decade, Assam's politics has undergone a transformation of remarkable intensity. This shift is not merely a story of power struggles or the thrill of electoral victories and defeats; rather, it reflects a deeper internal...

Between illegal migration and the promise of development

New Delhi: Assam's 2026 election reflects a fierce contest over identity, illegal migration, and development, where youth sentiment, tribal rights, border anxieties, and welfare politics converge to redefine the state's-and Northeast India's-political future.   Over the past decade, Assam's politics has undergone a transformation of remarkable intensity. This shift is not merely a story of power struggles or the thrill of electoral victories and defeats; rather, it reflects a deeper internal conflict within the state, one caught at the intersection of identity, demography, land, and development. What emerges is a portrait of a society negotiating competing anxieties and aspirations, where political change mirrors a broader search for equilibrium. Congress seeks to craft a broader social coalition built around the "shared concerns" of tribal.   In the current electoral landscape, an unexpected emotional issue has also surfaced, the reported death of popular singer Jubin Garg. This development has triggered a strong reaction, particularly among young people. The surge of sentiment on social media, marked by calls for justice and visible public outrage, suggests that if this issue sustains its presence in the campaign discourse, it could significantly influence youth voting behavior.   Another crucial dimension of identity politics is the demand to grant Scheduled Tribe status to six indigenous communities. The Bharatiya Janata Party (BJP) had made this promise in the previous election, but it remains unfulfilled. The opposition has framed this as a case of electoral betrayal, while the BJP has cited administrative and constitutional complexities as the reason for the delay. The issue continues to carry both symbolic and electoral weight.   Political Narratives This election is not merely about the arithmetic of seats; it is equally about the reconfiguration of alliances and the reconstruction of political narratives. The Congress has distanced itself from the All India United Democratic Front (AIUDF) and formed a new platform, the "Assam Sonmilito Morcha," which includes regional players such as the Assam Jatiya Parishad. In the previous election, the alliance with AIUDF helped Congress consolidate Muslim votes, but it also enabled the BJP to polarize Hindu voters more effectively. This time, Congress appears to be attempting to move beyond that image, seeking to craft a broader social coalition built around the "shared concerns" of tribal, Assamese, and other communities.   On the other hand, the BJP's strategy also reflects notable recalibration. Its cautious approach to seat-sharing with the Asom Gana Parishad (AGP) and its focused attention on 15 seats in the Bodoland Territorial Region illustrate this shift. In this region, the BJP has allied with the Bodoland People's Front (BPF), with BPF contesting 11 seats and the BJP 4. In the previous election, BPF had aligned with Congress; however, its resurgence in the Bodoland Territorial Council elections has altered the political equations. This shift is significant, as the Bodoland Territorial Region remains central to Assam's evolving geopolitical balance, making it a decisive arena in the state's new political calculus.   Central Issue In this election, the question of "illegal immigrants" has once again emerged as a central and polarising issue. In Assam, concerns around undocumented migration, particularly involving those alleged to have entered from Bangladesh, have long shaped political discourse. Recent statements by Chief Minister Himanta Biswa Sarma referring to "Miya Muslims," along with large-scale eviction drives targeting what the government describes as illegal encroachments, have further intensified the debate. The state claims to have cleared thousands of acres of government land, framing these actions as necessary for restoring law, order, and enabling development.   The opposition, however, views these measures through a different lens, arguing that they deepen social divisions and disproportionately target specific communities. At the same time, proponents within the state's ruling establishment contend that without addressing illegal land occupation and demographic imbalances, "balanced development" remains unattainable. This assertion is being challenged by the Congress and other opposition parties, who invoke constitutional protections and the need for social harmony.   The impact of eviction and "de-bonding" drives has been particularly visible in sensitive border belts, often referred to as the "Chicken Neck" villages. In these fragile frontier regions, communities such as small farmers, tea garden workers, and borderland populations find themselves in a state of uncertainty, grappling with questions of security and identity. Here, electoral politics is often caught between two competing narratives: resistance to illegal immigration and the urgent demand for local livelihoods.   Direct Inducement On the development front, the ruling BJP is foregrounding its governance record, with the Orunodoi (Arunodoy) scheme as a centerpiece. Just ahead of the elections, under its third phase, direct financial assistance of Rs 9,000 was transferred to nearly four million women beneficiaries, amounting to an outlay of approximately Rs 3,600 crore. Beyond its welfare dimension, the scheme is also widely seen as a calibrated political strategy aimed at consolidating women voters, a demographic that is nearly equal in size to male voters in Assam and, in several regions, exhibits higher turnout rates.   The opposition has sharply criticised the scheme, describing it as a form of "direct electoral inducement." In its "People's Chargesheet," the Congress has leveled serious allegations against the government, including corruption, the prevalence of a "syndicate raj," the transfer of land to corporate interests, and misuse of administrative machinery. According to opposition claims, a structured network influences the allocation of contracts and resources, adversely affecting small businesses, tea garden workers, and ordinary citizens. Alongside these concerns, broader issues such as unemployment, inflation, and growing social discontent have also become integral to the electoral narrative.   While the BJP highlights its administrative assertiveness, such as crackdowns on child marriage and measures aimed at curbing polygamy, as key achievements, the opposition dismisses these as selective interventions, arguing that they divert attention from deeper economic challenges.   Ultimately, the Assam Assembly election of 2026 is not merely about a change in power; it represents a critical inflection point in the state's political trajectory. On one side, the BJP is seeking to legitimize its governance model by linking the issue of illegal immigration with development, security, and stability. On the other, the Congress is attempting to position itself as a viable alternative, emphasizing social balance, institutional politics, and renewed leadership.   For voters, the choice is stark: whether to endorse the promise of stability and continuity, or to pivot toward change. The results on May 4 will not only shape Assam's future but are also likely to influence the broader political direction of Northeast India.

Lateral upgrade to ailing annihilation

Updated: Oct 21, 2024

Lateral upgrade to ailing annihilation

Being the first person from the private sector to be appointed as chairperson of Securities and Exchange Board of India (SEBI) as part of the government’s lateral initiative, Madhabi Puri Buch also holds the honour of being the first woman to hold the top post as capital market regulator.

But the laurels that the former private sector banker enjoyed in her earlier stint with ICICI Bank, was marred with allegations that she and her husband were having a stake in offshore entities, which were used to artificially inflate shares of Adani group companies.

Terming the allegation as `character assassination, Buch clarified that all disclosures have already been furnished and the fund in question did not invest in any securities involving the Adani group.

When it rains, it pours. This allegation was subsequently followed by Congress Party allegation that Buch had received salary and post-retirement benefits from ICICI Bank after she quit the private sector bank.

In its clarification to the stock exchanges, ICICI Bank asserted that the payments made to Buch were purely retirement benefits after her exit from the bank and they were neither salary nor employee stock options.

Prior to these allegations, Buch tenure at SEBI was all about bringing in quick reforms on operational issues by changing the format of consultation paper to bring in larger responses digitally. Being data savvy, the rationale of her decisions were democratic based on big data analysis derived from the responses received to the consultation papers.

Further she bifurcated the duties of the SEBI staff between operations and enforcement, which were done by the same persons earlier. Having worked for the private sector in the capital market domain space, Buch had a better understanding of the subject compared to officers from the administrative service in the past that reflected even in her orders as a whole-time director at SEBI before becoming the chairperson. As a whole time director at SEBI, her orders on adjudication issues were more directional to the capital market space, according to experts in the compliance space. She was also quick to revamp the old provisions of the 90s at SEBI.

Being tech and data savvy, Buch enhanced regulatory surveillance and detection of market manipulation, insider trading and fraud while also emphasizing on strengthening corporate governance by introducing stricter rules for independent directors and enhancing disclosures for related-party transactions.

To put in perspective, the annual report of the capital market regulator in the just concluded financial year revealed that the number of investigations related to insider trading jumped to 175 in 2023-24 from 85 in the preceding year while probes related to front running jumped over three times to 83 from 24 in the preceding year.

Transparency in mutual funds by implementing measures to protect retail investors along with tightening norms for initial public offers, particularly in the SME platforms were some of her other positive initiatives including confirmation of denial of any market rumours within 24 hours for the top 100 listed companies which will be extended to top 250 companies from December 1. However increased transparency and compliance with tightening regulations led to increased operational costs for the market participants and hence faced resistance from certain quarters. Born in 1966, Buch completed her primary education in Mumbai and graduated with specialization in Mathematics from Delhi and later obtained a management degree from Indian Institute of Management, Ahmedabad. In between, she got engaged to Dhawal Buch, a director at a consumer goods multinational at the age of eighteen and got married at the age of 21.

Besides ICICI Bank, Buch also worked as a lecturer at a college in England, worked at Greater Pacific Capital in Singapore and ICICI Securities as its CEO. She also worked as executive director on several private sector companies and as a consultant for New Development Bank (Brics Bank).

What now remains to be seen, is whether Buch, who survived the 26/11 terror attack when she along with her husband, was attending a meeting at Taj, be able to overcome the current ordeal. Keeping fingers crossed for the times to come.

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