64-year-old Bansal was given the marching orders shortly after Congress President Sonia Gandhi met Prime Minister Manmohan Singh amid growing unease in the party over the controversy surrounding the Railway Minister.
Already battered by a series of scams, the party and the government suffered a severe blow when Bansal's nephew Vijay Singla was arrested last Friday for allegedly accepting Rs.90 lakh as bribe for helping in the promotion of a Railway Board Member Mahesh Kumar.
Media reports that a number of kin of Bansal had benefited from a public sector bank by way of loans when he was Minister of State of Finance earlier further embarrassed the party and the government.
A clear hint about action against Bansal came when Congress spokesman Bhakt Charan Das said the party will not spare anybody "mired" in corruption or manipulation.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
