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Congress slams Modi govt, says India in its most precarious, difficult economic situation in many years

He pointed out that two-wheeler sales in rural regions, a key indicator of economic health, remain below 2018 levels.

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The Congress on Wednesday slammed Prime Minister Narendra Modi-led central government, saying India is in its most precarious and difficult economic situation in many years, adding wage stagnation, inflation and inequality are undermining consumption growth in the country.

Congress General Secretary in charge of communications Jairam Ramesh warned that failure to address existing chokepoints could severely hinder growth in the coming years.

He noted that over the past three decades, India’s economic narrative has centered on consumption, with millions of families successfully moving out of poverty and into the middle class, now capable of purchasing goods and assets. He asserted this signified a robust and rapidly expanding economy benefiting a broad swath of society.

However, Ramesh pointed out that this consumption trend has reversed in the last decade, posing a significant challenge for the Indian economy. Voices from India Inc. echo his concerns, with one prominent CEO remarking that the middle class is shrinking.

Ramesh identified several key factors contributing to this downturn: stagnant wages, soaring inflation, and rising inequality.

He explained that evidence from various data sources, including the recently published Annual Survey of Industries (ASI) for 2022-2023, demonstrates that workers today have less purchasing power than they did a decade ago.

The Congress leader warned that the stagnation in wages might correlate with a decline in labor productivity, leaving families with less disposable income for consumption.

Addressing the issue of high inflation, Ramesh cited Dr. Viral Acharya, former Deputy Governor of the Reserve Bank of India, highlighting the rise of five major conglomerates, including the Adani Group, which have formed monopolies in 40 sectors such as cement, chemicals, and construction.

He claimed that in 2015, for every Rs 100 spent by consumers, Rs 18 went to industrialists, whereas today, that figure has risen to Rs 36 in profits for the same owners.

Ramesh attributed the recent price hikes to the government’s cronyism and favoritism towards these conglomerates, asserting that the continuous rise in goods and services costs has diminished the common man’s capacity for consumption amidst stagnating wages.

He addressed the issue of inequality, stating that India’s recovery from the COVID-19 pandemic has been markedly uneven and K-shaped, with rural areas and the impoverished being disproportionately affected.

He pointed out that two-wheeler sales in rural regions, a key indicator of economic health, remain below 2018 levels.

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West Bengal Governor dissolves Assembly amid political transition 

Governor R N Ravi dissolved the West Bengal Assembly after the 2026 poll results, with the BJP securing a majority in the state elections.

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The West Bengal Legislative Assembly was dissolved following the conclusion of the 2026 Assembly elections, in which the Bharatiya Janata Party secured a clear majority in the state.

Governor R N Ravi issued the order dissolving the Assembly as the state prepared for the transition of power after the election results. According to reports, the BJP won 207 seats in the 294-member Assembly, while the Trinamool Congress secured 80 seats.

Chief Minister Mamata Banerjee questioned the election outcome and alleged irregularities in the poll process, claiming the mandate had been “looted”.

The dissolution came as the tenure of the existing Assembly ended on May 7, 2026. The development has sparked political discussions over the formation of the next government in the state.

Meanwhile, Mamata Banerjee held a meeting with newly elected Trinamool Congress MLAs in Kolkata and reportedly raised concerns over internal sabotage during the elections.

The BJP is expected to begin the formal process of government formation in West Bengal after its decisive victory in the Assembly polls.

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Eknath Shinde’s helicopter returns to Mumbai mid-flight due to bad weather

Maharashtra Deputy Chief Minister Eknath Shinde’s helicopter was forced to return to Mumbai after the pilot detected approaching storm conditions during a flight to Thane district.

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A helicopter carrying Maharashtra Deputy Chief Minister Eknath Shinde was forced to return to Mumbai on Thursday after encountering adverse weather conditions during a flight to Thane district.

According to officials, Shinde had departed from Mahalaxmi Racecourse in south Mumbai around 3.30 pm and was travelling to Murbad in Thane district to attend a wedding function related to a party worker’s family.

The helicopter reportedly reached the Airoli area in Navi Mumbai when the pilot noticed an approaching storm and informed the deputy chief minister about the deteriorating weather conditions. Following the alert, the flight was turned back as a precautionary measure.

The helicopter later landed safely at the Pawan Hans facility in Juhu, Mumbai. Officials said Shinde was accompanied by members of his staff, including personal assistant Prabhakar Kale, special executive officer Balsingh Rajput and media adviser Vinay Patrdukar.

The incident comes amid changing weather conditions and storm activity reported in parts of Maharashtra in recent days.

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Nitish Kumar’s son Nishant among 32 inducted in Bihar cabinet expansion

Nishant Kumar entered the Bihar cabinet for the first time as 32 ministers from NDA allies took oath in a major expansion of the state government.

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Bihar government cabinet

A major cabinet expansion took place in Bihar on Thursday, with 32 leaders from the ruling NDA alliance inducted into the state government. Among the prominent names was Nishant Kumar, son of former Bihar chief minister Nitish Kumar, who entered the cabinet for the first time.

The expansion included representatives from all major NDA allies in the state. According to reports, the BJP secured 15 ministerial berths, while JD(U) got 13 positions. Two ministers were inducted from Lok Janshakti Party (Ram Vilas), while Hindustani Awam Morcha and Rashtriya Lok Morcha received one berth each.

The oath-taking ceremony was held in Patna in the presence of senior NDA leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah and Defence Minister Rajnath Singh.

Nishant Kumar’s induction comes weeks after he formally entered active politics. His entry into the Bihar cabinet is being viewed as a significant development for JD(U), which had long projected an anti-dynasty image under Nitish Kumar’s leadership.

The cabinet reshuffle follows Nitish Kumar’s move to the Rajya Sabha earlier this year and the formation of the government led by Chief Minister Samrat Choudhary.

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