The	idea	of	the	political,	reconfiguring	sovereignty and	exception:	Analysing	theoretical	perspectives of	Carl	Schmitt	and	Giorgio	Agamben. Meenakshi	Gogoi* Abstract The idea	of 'political' is the	most	controversial term in the	contemporary social science	discourse	and it remains	vaguely	understood.	The 'political' is the fundamental authoritative domain pertaining to the state which ropes into it one of the basic concepts of politics i.esovereignty. The interconnectedness	between 'political' and sovereignty is challenged	with the	emergence	of	liberal	democracy.	The	idea	of	'political'	in	the	theoretical perspective	of	Carl	Schmitt	is	related	to	the	notion	of	sovereignty	which	is in contrary to the conventional understanding of sovereignty.	His idea of sovereignty is specifically related to an exception. Giorgio Agamben's theory of 'state of exception' is inspired from Carl Schmitt's idea of sovereignty	and	its	relation	to	exception	though	it	re-interpreted	exception as a permanent rule. This paper attempts to analyse Carl Schmitt's and Agamben's theories through this interesting tripartite relation	among the political, sovereignty and	exception	which	gives an interesting	account to reconfigure	sovereignty	and	its	effects	felt	on	Indian	emergency	of	1975-77 and anti-terror laws in recent times. Also in what ways it appears as a challenge	to	the	centrality	of	law	in	a	democracy. Keywords:	Political,	Sovereignty,	Exception,	Democracy,	Rule	of	Law.