Kolkata: Following the debacle suffered by the CPI(M)-led ruling Left Front in the Assembly polls, Buddhadeb Bhattacharjee on Friday resigned as West Bengal Chief Minister.

"The Chief Minister will meet Governor M K Narayanan at Raj Bhavan to formally hand over his resignation letter," party sources said.

Bhattacharjee was the chief minister of the state for two consecutive terms since May, 2001, taking over the baton from party patriarch Jyoti Basu who was at the helm of affairs
in the state since 1977.

Meanwhile, the CPI(M) state secretariat met here to review the severe drubbing in the election suffered by the party-led Front which ruled the state uninterruptedly since 1977.

All the 17 secretariat members were present at the meeting which was presided over by party's state secretary Biman Bose and attended by the Chief Minister.

The 10-party Left Front is also scheduled to meet.

CPI(M) admits 'mistakes'

Ousted from power in West Bengal after three decades, the CPI(M) on Friday said Trinamool Congress has reaped the benefits of people's aspiration for "change" to inflict the "big defeat" on the party but admitted that it too has committed "mistakes".

The party also said the results of West Bengal and Kerala will be a disappointment for the "Left and democratic forces" but this will not make the Left policies and programmes "irrelevant" for the country.

'Paribortan' or change -- the poll plank of Trinamool --found an echo in the words of senior CPI(M) leaders Sitaram Yechury and Brinda Karat as well as a party Politburo
statement which said the party accepts the people's verdict.

"After the Left Front being in office for a record 34 years continuously, the people have opted for a change. The TMC-led combine has been the beneficiary of this change," the CPI(M) statement said.

"Vahan pe janta mein parivartan ka aasha rahi (People had hoped for a change there)," Yechury told reporters.

Karat said the issue of land acquisition in Singur and Nandigram had created a perception that the government is going against its own land reforms programme, which was, however, "not its intention". She said there are questions of
whether the situation was "mishandled".

"But we are confident that we will get over the mistakes and regain the confidence of people of Bengal," she said.

As Banerjee's party rode an anti-Left wave, the party said it will analyse the results carefully at a Politburo meeting on May 16 and come to proper conclusions about the electoral reverse.

The party also appealed for peace following the verdict, saying, "there should be no repetition of the violence that took place against the CPI(M) and the Left Front cadres and offices in the aftermath of the Lok Sabha polls in 2009."

The party said the election results in Kerala show that the people have by and large endorsed the record of the LDF government of the past five years.

"The Left Democratic Front has very narrowly lost the elections with the UDF getting a slender majority of only two seats. This shows that there has been no anti-incumbency trend. However, some caste and religious forces have worked to
influence the elections," it said.