AAP drops Raghav Chadha, Ashok Mittal new RS deputy leader

The Aam Aadmi Party has formally notified the Rajya Sabha Secretariat about the change in its parliamentary leadership, confirming that Raghav Chadha will no longer serve as the party’s deputy leader in the Upper House. The party has appointed Ashok Mittal as the new deputy leader and communicated the update through an official letter. With this decision, AAP has reshuffled its internal leadership structure in the Rajya Sabha, marking a significant shift in its parliamentary representation.

AAP currently holds 10 seats in the Rajya Sabha, with seven members representing Punjab and three members representing Delhi. By choosing Ashok Mittal to replace Raghav Chadha, the party has strengthened its leadership lineup and signaled a fresh approach in its strategy inside Parliament. The communication sent to the Secretariat formally completes the transition and ensures that the new deputy leader will now take charge of responsibilities related to legislative discussions and party coordination in the House.

While the leadership change took place, Raghav Chadha recently addressed the Rajya Sabha on a pressing economic issue affecting Indian investors. Speaking during a debate on the Appropriation Bill (No. 2), Chadha highlighted the massive erosion of wealth in the Indian stock market since the outbreak of the conflict in West Asia. He pointed out that Indian markets have lost nearly ₹48 lakh crore in value, which has severely impacted retail investors across the country.

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Chadha Seeks Relief Measures for Small Investors

Chadha urged the government to take immediate steps to cushion the blow for small investors who have seen their savings diminish sharply. He emphasized that the war in West Asia is not India’s conflict, yet its consequences are being deeply felt in domestic financial markets. By raising this concern, he sought to draw the government’s attention to the need for relief measures and policy intervention to stabilize investor sentiment.

Explaining the nature of the crisis, Chadha described the situation as a “Black Swan event”, triggered by sudden and external geopolitical tensions unrelated to India’s core economic fundamentals. He stressed that the unexpected escalation in West Asia has created a shockwave that disrupted global financial stability, and the Indian stock market has not been immune to this volatility. His remarks highlighted the fragile connection between global events and local economic conditions.

Chadha also noted that global markets are witnessing heightened uncertainty due to the ongoing conflict, with ripple effects clearly visible in Indian indices. The sharp decline in market capitalization has raised concerns among investors and policymakers alike. By bringing the issue to Parliament, Chadha attempted to underscore the urgency of protecting retail investors and ensuring that India’s financial ecosystem remains resilient despite external pressures.

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