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Ambedkar’s ideals guiding principle for govt, says President Kovind
Indian President Ram Nath Kovind officially opened the parliamentary budget session on Monday, addressing a joint session of the lower and upper houses. On the first day of the budget meeting, the economic survey will be presented by Federal Finance Minister Nirmala Sitharaman. Union budget for 2022-23, due on Tuesday.
Addressing both chambers in the central hall, Kovind touched on a variety of topics, including the ongoing Covid-19 pandemic in the country, as he continued to pay tribute to freedom fighters who fought for India’s freedom as it entered its 75th anniversary independent. The President also recalled the teachings of BR Ambedkar, who believed that his ideal society would be one based on independence, equality and harmony.
Full Coverage: Union Budget 2022-23
“Democracy is not just a form of government, democracy is based on respect for the people. My government sees Babasaheb’s ideals as its guiding principle,” asserted Kovind.
Here are the top 10 points from Kovind’s address to Parliament:
In his speech, Kovind emphasized that more than 70% of beneficiaries were vaccinated against Covid-19, as he noted that the country’s citizens received 1.5 billion doses in record time.
He also mentioned that the Rs 64,000 crore PM Ayushman Bharat health infrastructure mandate will prepare the country for future health crises as the country battles the ongoing third wave of the pandemic.
India received $48 billion in foreign direct investment (FDI) in the first seven months of the fiscal year, Kovind said, saying it was a testament to investors’ confidence in the country.
“My administration’s tireless efforts have made India one of the fastest growing economies in the world,” said President Kovind.Since 2016, the country has established more than 60,000 start-ups in 56 different industries, creating 600,000 new jobs, the president said.
Talking about gender equality, Kovind highlighted Narendra Modi’s move to raise the marriage age for women to 21.
Complete News Source : Hindustan Times
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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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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.
“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%
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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