Lashing out at Delhi Chief Minister Arvind Kejriwal for "betraying the aam aadmi", Yadav, who will head the new party, said it would offer "alternative politics" and not resort to "cult politics".
Swaraj Abhiyan, an organisation, formed by the duo after their expulsion from the AAP in April last year, said the outfit will continue to exist as a separate entity, giving people who don't wish to participate in electoral politics an alternative platform. Bhushan will head the organisation.
Abhiyan has been campaigning on varied issues, ranging from agriarian crisis to corruption.
"Now that we are a political party, it is not that we will contest every election.
"Politics in Punjab is very fluid and the need of the hour is to defeat the Badal government, which is the most hated organisation in the country.
"We will support (suspended AAP MP) Dharamvira Gandhi, who has already announced a front. We will be contesting the MCD polls," Yadav said.
Bhushan said Swaraj India will not only bring itself under the ambit of RTI, but it will also not use party whip on MLAs and MPs and restrict it to no-confidence motion.
"Our members will have the freedom to express their opinion contrary to the one shared by the party, which doesn't exist in other parties," he said.
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