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Parliament LIVE updates: Cong calls MPs meet to discuss House strategy; protests over RaGa’s disqualification, Adani to continue


Congress MP and member of the Parliamentary Standing Committee on Finance, Manish Tewari, writes to BJP MP Jayant Sinha, Chairperson of the Committee, to suggest that the “Committee should forthwith examine allegations against Adani Group made by Hindenburg Research”. 

The letter suggests that the Committee summon SEBI & RBI, officials from LIC, the Ministry of Corporate Affairs & other regulatory bodies “to ascertain whether there were any failures on their part on the Adani issue.”

The letter has also been signed by Congress MPs and members Gaurav Gogoi & Pramod Tiwari. 

“We find it surprising that this Committee is prepared to have a hearing on the recent SVB bank-run. The said bank is based in California and has little to no effect on the regulatory mechanisms of our country. Yet the Committee is unwilling to have a discussion on the Adani affair which struck a blow to investor confidence in our own capital market,” reads the letter.



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Budget A “Silent strike On Poor” By Modi Government: Sonia Gandhi


Sonia Gandhi spotlighted sharp cuts to social security, education, health in the budget

New Delhi:

Former Congress president Sonia Gandhi on Monday said Union Budget 2023-24 is a “silent strike” on the poor by the Modi government and hits at the heart of all far-reaching rights-based legislation enacted during the UPA rule.

In an opinion piece in The Indian Express, Ms Gandhi also made an apparent reference to the allegations against the Adani Group, saying Prime Minister Narendra Modi and his ministers are resorting to loud chants of ‘vishwa guru’ and ‘Amrit Kaal’, even as “financial scandals” erupt over his “favourite and favoured businessman”.

“The prime minister’s policy to benefit his few rich friends at the expense of poor and middle-class Indians has led to continuous disasters — from demonetisation to a badly-designed GST hurting small businesses, to the failed attempt to bring about the three farm laws and the subsequent neglect of agriculture,” Ms Gandhi alleged.

“Destructive” privatisation has handed over priceless national assets to selected private hands cheaply, leading to unemployment, especially for the SCs and STs, she charged.

“Even the hard-earned savings of crores of poor and middle-class Indians are threatened as the government forces trusted public institutions like LIC and SBI to invest in poorly-managed companies owned by its chosen friends,” she said in an apparent reference to the allegations against the Adani Group.

Adani Group stocks have taken a beating on the bourses after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation, against the Gautam Adani-led group, which has dismissed the allegations as lies.

Opposition parties, including the Congress, have alleged that the meltdown in Adani Group shares is a scam that involves common people’s money as LIC and SBI have invested in them.

“Bereft of ideas, the prime minister and his ministers are resorting to loud chants of ‘vishwaguru’ and ‘Amrit Kaal’, even as financial scandals erupt over the PM’s favourite and favoured businessman. This will be of scant help to crores of vulnerable Indians worried about their livelihoods, savings and futures,” Ms Gandhi said.

It is now the duty of like-minded Indians to join hands, oppose this government’s harmful actions, and together build the change which people long to see, she said in her piece in the English daily.

“In the recently-concluded Bharat Jodo Yatra, yatris walked from Kanyakumari to Kashmir and interacted with lakhs of Indians from all walks of life. The voices they heard expressed deep economic distress and widespread disappointment about the direction in which India is headed,” Ms Gandhi said.

Whether poor or middle class, rural or urban, Indians are being “punished” by the triple menace of price rise, unemployment and falling incomes, she said.

“The 2023-24 budget not only fails to address these critical challenges but also worsens them by slashing allocations meant for the poor and the vulnerable,” the chairperson of the Congress’ parliamentary party said.

“It is a silent strike on the poor by the Modi government, hitting at the heart of all far-reaching rights-based legislations enacted by the UPA government during 2004-14,” the former Congress chief said.

Ms Gandhi said that the promise of independence was of a good life for every Indian, not only to satisfy their basic needs but to have equal opportunities to empower themselves socially, economically, and politically.

The rights-based legislation of the UPA era was a deliberate cohesive step towards this goal, she added.

Rights-based laws empower citizens, and ensure it is the government’s duty to deliver on education, food, work, and nutrition, Ms Gandhi stressed.

She alleged that the prime minister makes no secret of his “dislike” for all this talk of rights.

“He began by ridiculing them in Parliament but was forced to rely on them during COVID-19. With this budget, he has rolled back funding to lows not seen in over a decade,” she said.

Rural labourers will have less work as funding for MGNREGA has been reduced by a third, bringing it below 2018-19 levels, Ms Gandhi pointed out.

“Our schools will be strapped for resources, with funding for the rebranded Sarva Shiksha Abhiyan remaining stagnant for three years in a row. Children will have less nutritious meals, as funding for mid-day meals in schools has fallen by a tenth this year,” the former Congress chief said.

This deadly combination of insufficient funding and rising inflation directly hurts the nation’s poorest and most disadvantaged, she opined.

“As expected, there has been total silence from the Prime Minister on why this attack on social schemes was needed during this crisis. Reading between the lines, we understand that the rationale is to fund capital expenditure, which the budget has sharply increased,” she said.

Experts have raised doubts about the credibility of the figures, whether the funding can be well spent, and are wary that a large portion of the funding may reach only the government’s friends and cronies, Ms Gandhi said.

However, even setting these doubts aside, there is a larger point — funding infrastructure at the expense of human development is a mistake, both in the short term and long term, the Congress leader argued.

In the long term, history teaches us that a healthy and educated population is the foundation for prosperity, Ms Gandhi stressed.

Ms Gandhi said that sharp cuts to social security, education, nutrition and health hurt the poorest today, and stunt the country’s progress tomorrow.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Jawaharlal to Rahul: What all charges have been levelled against the Nehru-Gandhis 


Congress chief Sonia Gandhi on Thursday appeared before the Enforcement Directorate (ED) office for questioning in the National Herald case. In the meantime, the Congress, including its state unit, is demonstrating nationwide in support of the party leader. Her interrogation had been postponed earlier because she was admitted to the hospital after testing positive for coronavirus.

Sonia Gandhi, the president of the Congress, was summoned by the ED to record a statement on July 21 in connection with a money laundering investigation related to the National Herald newspaper.

Gandhi, who was scheduled to testify on June 23, had requested a postponement in a letter to the ED so that she could fully recuperate from Covid-related difficulties. She was first summoned by ED on June 8.

When Sonia Gandhi was hospitalised, the ED had questioned Sonia Gandhi’s son and former Congress president Rahul Gandhi in this case for over 50 hours in several sessions spanning five days. He was questioned for 3 straight days between June 13 to June 15. Again, Rahul Gandhi was questioned on June 20 and 21. Even then, the Congress party had demonstrated nationwide.

ALLEGATIONS AGAINST SONIA AND RAHUL GANDHI IN NATIONAL HERALD CASE

For the first time ever, Sonia Gandhi is being questioned in connection with an investigation into the alleged transfer of party funds to Associated Journals Limited, the publisher of the National Herald, and the operation of Young Indian Pvt Ltd, in which she holds a majority stake. Her son is also being questioned in connection with the same allegations.

The Congress-supported Young Indian Private Limited, which owns the National Herald newspaper, was accused of financial irregularities in a charge sheet that was submitted by the Income Tax (IT) department. Since 2016, the IT department has been looking into this case. In recent developments, a trial court took cognizance of an Income Tax department investigation into Young Indian, leading to the ED registering a new case under the criminal provisions of the PMLA. The ED then made the decision to call the Gandhis in for an interrogation.

In the past, we have instances where close Gandhi family members’ names were linked to alleged corruption cases directly or indirectly. Have a look at some of those instances.

JAWAHARLAL NEHRU

The first significant corruption case in Independent India was the Jeep Scandal of 1948. VK Krishna Menon, the then-high commissioner of India to Britain, disregarded convention and signed an agreement for the acquisition of 80 lakh rupees worth of Army jeeps with a foreign company. Despite the majority of the money being paid up in advance, the army only received 155 jeeps. It was alleged that the then Prime Minister coerced the government to accept these jeeps.

The Mundhra scandal came to the limelight in 1957 which involved the Life Insurance Corporation (LIC) purchasing ailing companies shares for Rs 12.4 million without the investment committee’s consent. Calcutta-based Industrialist and stock speculator Haridas Mundhra persuaded the government-owned LIC to invest in the shares of six of his struggling companies. T.T. Krishnamachari, the country’s former finance minister, resigned as a result of the Mundhra affair. According to the allegations, LIC lost most of the money since the investment was made under governmental pressure.

INDIRA GANDHI AND SANJAY GANDHI

In the Maruti scandal in 1974, Indira Gandhi’s name came up, which involved her son receiving a licence to produce passenger cars in the country’s then-strict regulations.

In 1975, the then prime minister Indira Gandhi was found guilty of election corruption—a charge she vehemently denied—and she was disqualified from office for six years.

A $200 million deal was given to the Hong Kong-based Kuo Oil Co in 1976 to accept future deliveries at the current rate notwithstanding dropping oil prices. Rs. 13 crore were lost by the government. It is alleged that Indira and Sanjay were scheduled to receive the funds.

Former Prime Minister Indira Gandhi and at least four other members of her Cabinet were detained in Delhi in October 1977, as a result of corruption allegations in two different cases. According to reports one of the cases involved forcing companies to obtain jeeps for election work in many parliamentary constituencies, while the other involved the awarding of an oil drilling contract to a French company working to exploit oil reserves off the coast of Mumbai.

RAJIV GANDHI

In 1987, the Bofors Scandal surfaced. The Bofors scandal was one of the worst political scandals to hit independent India. Rajiv Gandhi, the prime minister at the time, was accused of taking bribes. According to allegations, the Swedish company Bofors AB paid Rajiv Gandhi and other important defence officials Rs. 64 crore in kickbacks in exchange for getting the contract to deliver India’s 155 mm field howitzers to India. Rajiv Gandhi suffered a great deal of public humiliation as a result of the Bofors controversy, and he lost the 1989 general elections as a result.

— ENDS —



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