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Country looking at an economic crisis: Congress


New Delhi: The Congress on Wednesday slammed the Narendra Modi government over its economic performance in the past 20 months, saying demand was not picking, merchandise exports have fallen for 13 consecutive months and the country was looking at an “economic crisis”.

Congress spokesperson Deepender Hooda said the Sensex was testing the 24,000 mark and was at a lower level compared to its level when Modi took over as prime minister in May 2014.

“At the end of the BJP’s one-third term in office, the nation is looking at a full-blown economic crisis and every day, we get more data that indicates that we are struggling to find the bottom of bad news,” he said.

Hooda said the RBI’s financial stability report points out that demand in the Indian economy was not picking up.

“India is a demand driven economy. Falling demand spells trouble for the overall economy,” he said.

Hooda said there seems to be very little growth in private investment and there were pointers to a slow down in the economy in 2016.

“Exports have been falling for the last 13 months and there is little government intervention. The rupee is close to Rs.68 per dollar, a significant drop since the Modi government came to office,” Hooda said.

He said the Index of Industrial Production (IIP) has contracted by 3.2 percent in November from a year earlier.

“The data clearly indicates that the ‘Make in India’ campaign has remained a slogan,” he said.

Hooda said foreign investors have taken out more than Rs. 25,000 crore from the stock market in the financial year so far.

“FII outflow from the markets in 2016 stands nearly $700 million and is getting worse by the day,” he said.

Hooda asked the government why petrol prices have come down “by just 17 percent when Indian crude basket is down by 73 percent”.

He also asked the government if it had an action plan to check inflation.

Referring to “rural distress”, he said latest data from the Labour Bureau shows that rural wages have registered an average annual growth of 3.8 percent this year, “the lowest since July 2005”.

He also referred to the rural employment guarantee act and said that average days of employment per household and the number of households which completed 100 days of employment had come down under the rule of the National Democratic Alliance government. (IANS)

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Modi is anti-Dalit, will defeat BJP in 2019: Rahul Gandhi

Gandhi also accused the government of suppressing and intimidating the media

Rahul Gandhi becomes president of Congress as mother Sonia Gandhi steps down
Rahul Gandhi steps in as President of Congress, Wikipedia

Congress President Rahul Gandhi on Monday accused Prime Minister Narendra Modi and his government of being anti-Dalit and said his party will defeat the BJP in 2019 Lok Sabha elections. Gandhi, who led his party’s day-long fast at Rajghat to highlight atrocities against Dalits and other communities, said party workers were protesting against an ideology, a way of thinking.

Rahul Gandhi becomes the president of Congress as mother Sonia Gandhi Steps Down
Rahul Gandhi is against Modi and his rule.

“The atmosphere that has been created in the country, it is due to the ideology of the BJP. BJP’s ideology is to divide the country, crush the Dalits, tribals, minorities. We are against the ideology of the BJP. We are standing against it today, we will stand against it throughout our lives. And we will defeat them in the 2019 elections,” Gandhi told reporters.

Asked about BJP Dalit MPs writing to Modi with their complaints, Gandhi said: “You talk to them in Parliament. They also tell us that Modiji is a casteist person, an anti-Dalit person. He has no place for Dalits in his heart, the whole country knows this. It is not a secret.”

Also Read: A voice of his own: Rahul Gandhi tries to impress Lok Sabha with his speech

Gandhi attacked BJP President Amit Shah for likening the coming together of opposition parties to “snakes, mongoose, dogs and cats” climbing a tree trunk to save themselves from floods. He said every person in the country was against the BJP.

“Some days back a BJP leader said that opposition members were animals. The truth is that today every person in the country is standing against the government. The approach that this government has against Dalits, tribals, minorities and farmers, we are standing against it,” he said. Gandhi said the country will not accept that Modi government “spreads violence, hatred in the country… We are standing here against this ideology.”

Raul Maino
Rahul Gandhi says Modi controls the Media. Twitter

Gandhi also accused the government of suppressing and intimidating the media. “You are standing on the other side but in actuality you are standing on our side as we are protecting you also. You are smiling, I know. We are fighting for you as well.” IANS

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