Swaraj Abhiyan, a group formed by Yadav and Bhushan after their expulsion from the Aam Aadmi Party (AAP) last year, completes a year on April 14.
"We will set the ball rolling for announcement of a political party. We are going to make our electoral intentions clear on April 14. We will announce plans that are necessary for forming the party like setting different committees," said a Swaraj Abhiyan leader.
"We will also make announcement that the new party will be under the purview of the Right to Information Act," the leader added.
The announcement of the launch of a new party will be significant as many of its leaders are learnt to be in favour of contesting next year's assembly elections in Punjab. Aam Aadmi Party has already launched a high-pitched campaign in the state with its convenor and Delhi Chief Minister Arvind Kejriwal spending quite a few days there recently.
Two of the four AAP MPs from Punjab Dharamvira Gandhi and Harinder Singh Khalsa were suspended in August last year for alleged anti-party activities and support Swaraj Abhiyan.
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