"It is time for the nationalist forces to pitch in. The two major conglomerates in Indian politics have become pro-rich, pro-minority and pro-foreign. I will announce the formation of political front on the occasion of Makar Sakranti," said the former BJP general secretary, who severed ties with the party during the Vajpayee regime following his famous statement calling Vajpayee a "mask" and Advani [Images] the "real face" of the BJP.

Govindacharya, a patron of the RSS's swadeshi movement, had restricted himself to academic activities since he left the party.

On being asked if he had plans to join the Bharatiya Janshakti Party formed by his protegee Uma Bharti, former Madhya Pradesh [Images] chief minister, he said, "The BJS is of course an option but we are looking forward for a bigger platform of nationalist forces to strengthen nationalist politics in the country."

"The challenges faced by the society today are three-fold -- combating terrorism, maintaining social harmony, and providing pro-poor governance," he added.

"There is a political space vacant in the country today and that is one of the reasons for me to join active politics again," he said.

On his stand on the Malegaon blast probe, Govindacharya said it was a time for "deep thinking".

"It is a time for deep thinking...It is an indictment of the ruling class," he said.