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Economic Survey 2022: P Chidambaram says Opposition has no views on economy

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Economic Survey 2022: P Chidambaram says Opposition has no views on economy

Ahead of today’s budget report, senior Congress leader and former finance minister P Chidambaram lashed out at the opposition on Tuesday, saying they “have no view of the economy”.

“In the morning after the economic survey, if you read some newspapers, you would come to the conclusion that India has no opposition party, and even if there is a weak opposition party, it doesn’t have any view on the economy,” Congress leaders submitted to both houses of parliament The tweet came a day after the economic survey.

Chidambaram quoted a quote from Charles Dickens’ novel “A Tale of Two Cities,” saying, “It was the best of times and the worst of times.”

Congressional leaders have said that by March 31, 2022, GDP will be at the same level as it was on March 31, 2020, following the submission of economic surveys by both houses of parliament. It took two years to “get back to where we were on March 31, 2020,” he said.

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“The Economic Survey repeats the sickening claim that the economy will return to pre-pandemic levels (2019-20) by the end of 2021-22,” he tweeted on Monday.

“In simple terms, this means that GDP on March 31, 2022 will be the same as it was on March 31, 2020. That means it will take two years to get back to the level of March 31, 2020,” he added.

This year, unlike the traditional “bahi-khata” form, this year, the Union Budget will be presented paperless for the second time.

The parliamentary budget session began on January 31 with a speech by President Ram Nath Kovind. The first part of the IPU budget meeting will be held from 31 January to 11 February, and the second part of the budget meeting will be held from 14 March to 8 April.

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Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

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November 21, 2024

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Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

Following US SEC charges of bribery against Gautam Adani, opposition parties criticise PM Narendra Modi and call for a JPC investigation.

As billionaire Gautam Adani faces charges in the US for alleged bribery and fraud, the Opposition on Thursday intensified its attack on the Centre over its alleged links with the Adani Group.

Gautam Adani has been charged in the US with allegedly paying $250 million in bribes to Indian officials between 2020 and 2024 to secure favourable terms for solar energy contracts. The scheme, prosecutors said, could have earned Adani’s group over $25 billion in profits.

Congress demands JPC probe

Reacting to the charges, the Congress called for a Joint Parliamentary Committee (JPC) probe into alleged scams involving Adani’s conglomerate. The party also demanded the appointment of a “new and credible” Sebi chief to investigate Adani’s financial dealings and compliance with securities laws.

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ALSO READ- At 65.2%, Maharashtra records highest voter turnout since 1995 assembly election

Congress leader Jairam Ramesh said the US Securities and Exchange Commission’s (SEC) actions highlight the failure of Indian institutions to investigate the group. “The indictment vindicates Congress’s demand since January 2023 for a JPC into the Modani scams,” Ramesh wrote on X.

He accused Prime Minister Narendra Modi of shielding Adani and claimed Congress’s “Hum Adani Ke Hain Kaun” (HAHK) series had exposed the businessman’s alleged fraud and his ties with the PM.

The fact that it has taken a foreign jurisdiction to properly investigate Adani only shows how Indian institutions have been captured by the BJP, and how decades of institutional development have been undone by greedy and power hungry leaders, the Congress leader said in another post.

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“All of this is consistent with a long record of fraud and criminality carried out with impunity with the obvious protection of the Prime Minister,” Ramesh charged.

Other Oppn leaders join attack

Other opposition leaders joined the attack. Trinamool Congress MP Saket Gokhale questioned the BJP’s involvement in Adani’s dealings and demanded an independent judicial probe.

Aam Aadmi Party leader Sanjay Singh accused PM Modi of allowing Adani to tarnish India’s global reputation.

ALSO READ- Adani Group shares plunge after US SEC charges, Adani Green down 16%

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Adani stocks latest updates

The allegations rattled markets, with Adani Group stocks plunging. Adani Enterprises fell 20 per cent in pre-open trade, while shares of Adani Ports, Adani Green, Adani Power, and others dropped between 7 per cent and 18 per cent.

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