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Demonetisation a “disastrous policy”, bullet train an “exercise in vanity: Manmohan Singh

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Dr-Manmohan-Singh

[vc_row][vc_column][vc_column_text]Day before the first anniversary of demonetisation, former prime minister Dr Manmohan Singh goes all out to trash successor Narendra Modi’s economic reform agenda

A day before a unified Opposition marks the first anniversary of Prime Minister Narendra Modi’s demonetisation as a ‘black day’, former prime minister and Congress veteran Dr Manmohan Singh hit out at the Centre over its economic reforms agenda, lashing out at his successor over the issues of noteban, Goods and Services Tax (GST) and even the bullet train.

Addressing traders and businessmen in Ahmedabad on Tuesday, the ‘economist’ former prime minister trashed Modi’s demonetisation initiative as a “disaster” and a “reckless step on our nation” that was taken by his successor only to “reap political benefits”. Dr Singh reiterated that demonetisation was “an organised loot and legalized plunder”.[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]However, it wasn’t just demonetisation that Dr Singh, who is credited with ushering in economic reforms in India during his stint as finance minister under the PV Narsimha Rao-led Congress government and then setting off the country on a high growth trajectory during his own stint as prime minister, attacked the Modi government over.

In a strongly worded and uncharacteristically curt address, the mild-mannered Congress leader also brought the Modi government GST rollout and the Prime Minister’s ambitious Mumbai-Ahmedabad bullet train project in his line of fire.

The former prime minister’s combative critique of the Modi government’s economic policy and reforms agenda forced Union finance minister Arun Jaitley to defer his media briefing that was scheduled for 12.30 pm on Tuesday – the same time when Dr Singh’s address began in Ahmedabad – to 3.30 pm. And when Jaitley finally got his chance under the sun, his briefing was reduced to a firefighting exercise; one in which he spent a better part of his time defending the demonetisation move against Dr Singh’s strident attack.[/vc_column_text][vc_raw_html]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[/vc_raw_html][vc_column_text]Calling demonetisation and GST as “twin blows” on the Indian economy, Dr Singh said that the two initiatives of the Modi government only ended up helping China while they wreaked havoc in the lives of Indian citizens. “Due largely to demonetisation and GST, India’s imports from China in the first half of 2017-18 increased by 23 per cent or Rs. 45,000 crore, from Rs.1.96 lakh crore to Rs. 2.41 lakh crore,” Dr Singh said, adding: “these twin blows damaged India’s MSME sector and our businesses had to turn to Chinese imports at the cost of Indian jobs.”

The former prime minister added: “with immense pain and a sense of deep responsibility I declare that the 8th of November was a ‘black day’ for our economy and indeed our democracy. I remember feeling shocked when I heard the Prime Minister’s announcement (of demonetisation) and I wondered who advised him to inflict such a reckless step on our nation, and whether any considered thought went into it.”

Asserting that no democracy in the world had taken such a “coercive” move – of withdrawing 86 per cent of legal tenders in one single swoop – Dr Singh said the decline in the GDP growth rate to 5.7 per cent was largely due to demonetisation even as he suggested that GDP figures too were a “gross underestimate as the pain of the informal sector is not adequately captures in GDP calculation”.

“Every one per cent loss of GDP annually costs our nation Rs. 1.5 lakh crore. Think of the human impact from this lost growth — the lost jobs, the youth whose opportunities have vanished, the businesses which had to shut down and the entrepreneurs whose drive to succeed has turned into discouraged disappointment,” Dr Singh said.

The former Prime Minister went on to add that “what is even more tragic is that none of the lessons from this monumental blunder (of demonetisation) have been learnt by the government, which, instead of providing relief to the needy, chose to inflict on them a badly designed and hastily implemented GST,” Dr Singh said, adding that the “twin blows of demonetisation and GST have been a complete disaster for the Indian economy.”

Dr Singh also claimed that the aftermath of GST rollout and noteban had spread a sort of “tax terrorism” in India.

“At a time when the economy has slowed down considerably, despite favourable global economic conditions, the fear of tax terrorism has eroded the confidence of businesses to invest. As you know, the growth in private investment is at a 25-year low. This is terrible for India’s economy,” Dr Singh said.

“Did the Prime Minister (Narendra Modi) stop to consider the wisdom of the Mahatma while asking the RBI Governor to sign on the dotted line or while implementing the GST in haste? Did he think about the impact on those who toil in the informal sector whose earnings dried up because of shortage of cash? Did he think about the millions of people who lost jobs and had to return to their villages in despair? If the Prime Minister had paid attention to the Mahatma’s talisman, the poor of India would not have suffered the way they did,” Dr Singh added.

The Congress leader also hit out at Modi over the Mumbai-Ahmedabad bullet train project calling it “an exercise in vanity” and wondering if the Prime Minister had considered the alternative of “a high speed train by upgrading broad gauge railway?”[/vc_column_text][/vc_column][/vc_row]

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Union Minister Scindia slams Rahul Gandhi for Maharajas remark, Congress hits back

He argued that Gandhi’s remarks demonstrated a limited understanding of India’s past, accusing him of overlooking the positive contributions of several royal families to social reform and development.

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A sharp political clash erupted following Rahul Gandhi’s assertion that only Maharajas enjoyed rights in pre-independence India. Addressing a rally in Mhow, Gandhi claimed that Dalits, Adivasis (tribal people), and other backward castes lacked rights before independence, a stark contrast to the privileged position of royal families. He framed the BJP-RSS’s vision as a return to this pre-independence era, where, he alleged, only the ultra-wealthy like Adani and Ambani would hold sway, leaving the poor to suffer in silence. Gandhi’s speech was a powerful indictment of what he perceived as a regressive political agenda.

This statement immediately drew fire from Jyotiraditya Scindia, a BJP leader and former Congress member. Scindia, in a series of posts on X (formerly Twitter), directly challenged Gandhi’s historical narrative. He argued that Gandhi’s remarks demonstrated a limited understanding of India’s past, accusing him of overlooking the positive contributions of several royal families to social reform and development.

Scindia highlighted specific examples: the financial assistance provided by Maharaja Sayajirao Gaekwad of Baroda to B.R. Ambedkar for his education, Chhatrapati Shahuji Maharaj’s pioneering 50% reservation for backward castes in his governance as early as 1902, and Madhavrao I of Gwalior’s establishment of educational and employment centres across the Gwalior-Chambal region.

Scindia’s carefully chosen examples aimed to paint a picture of royal patronage of social justice, directly contradicting Gandhi’s narrative. His pointed criticism also served as a personal attack, emphasizing the perceived hypocrisy of a leader from a prominent royal family criticizing the historical role of other such families.

The Congress responded swiftly and forcefully to Scindia’s critique. Pawan Khera, the party’s media and publicity head, launched a counter-offensive, accusing Scindia of conveniently overlooking the darker aspects of the royal families’ history. Khera’s response emphasized the often-overlooked collaboration between many royal families and the British Raj, highlighting their loyalty to colonial rule and the economic privileges they enjoyed even after India’s independence.

He pointed to the substantial tax-free allowances granted to the Gwalior royal family (₹2.5 million in 1950), continuing until 1971, as a direct consequence of their privileged status within the pre-independent and early independent Indian states. Khera’s argument challenged the selective portrayal of royal benevolence, underscoring the enduring economic and political power imbalances that persisted well into the post-independence era.

Furthermore, Khera brought up the contentious issue of a royal family’s alleged involvement in Mahatma Gandhi’s assassination, reminding the public of the complex and often morally ambiguous legacy of many royal houses. He also quoted Jawaharlal Nehru’s rejection of the “divine right of kings” in a Constituent Assembly speech, showcasing the Congress’s historical commitment to dismantling the hierarchical power structures of the past.

Khera’s counter-narrative skillfully framed the debate as a struggle between a vision of inclusive democracy and the remnants of feudal privilege. He cleverly deployed Subhadra Kumari Chauhan’s poem on the Rani of Jhansi, subtly referencing the Scindias’ alleged alliance with the British, to add a layer of pointed historical critique to his response.

The exchange between Scindia and Khera transcended a simple disagreement over historical interpretation. It revealed deep-seated political fault lines and competing narratives about India’s past and the nature of its present-day political landscape. It also highlighted the ongoing debate about the legacy of princely states in independent India and the delicate balance between recognizing past contributions and acknowledging historical injustices. The intense rhetoric used by both sides underscored the high stakes involved in shaping public perception of India’s history and its implications for contemporary politics.

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India News

After Coldplay India tour, PM Modi pushes for live concerts

This includes not only the venues themselves but also the logistical support systems necessary to handle large-scale events smoothly and efficiently. The development of a skilled workforce, capable of managing all aspects of concert production and promotion, is equally vital.

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Prime Minister Narendra Modi has pointed to the phenomenal success of Coldplay’s recent concerts in Mumbai and Ahmedabad as a prime example of India’s burgeoning live music market. The sold-out shows, drawing massive crowds and widespread acclaim, showcased the immense potential for growth in the “concert economy,” a sector the Prime Minister believes is ripe for significant expansion.

Modi’s comments, made at the ‘Utkarsh Odisha – Make in Odisha Conclave 2025’, emphasized the need for coordinated efforts from both state governments and the private sector. He stressed the importance of investing in crucial infrastructure improvements and skills development to fully realize this potential.

This includes not only the venues themselves but also the logistical support systems necessary to handle large-scale events smoothly and efficiently. The development of a skilled workforce, capable of managing all aspects of concert production and promotion, is equally vital.

The Coldplay concerts, part of their Music of the Spheres World Tour, served as a compelling case study. The seamless organization and vibrant atmosphere were widely praised, underscoring the potential for India to become a major player in the global live music industry. The concerts weren’t merely successful musical events; they were significant cultural moments.

Chris Martin’s engaging interactions with the audience, incorporating Hindi, Marathi, and Gujarati, created a unique connection, demonstrating cultural sensitivity and enhancing the overall experience. The inclusion of patriotic songs like “Vande Mataram” and “Maa Tujhe Salaam” during the Ahmedabad concert, coinciding with Republic Day, further cemented the events’ resonance with the Indian public.

The presence of numerous celebrities, including Bollywood stars and prominent sports figures, added to the concerts’ high profile and contributed to the widespread media coverage. This amplified the message about India’s potential as a significant player in the international concert circuit.

Coldplay’s return to India, after their 2016 performance at the Global Citizen Festival, highlights the growing appeal of the country as a destination for major international artists. This positive trajectory suggests a bright future for India’s “concert economy,” a sector that Modi believes can be significantly boosted with strategic investment and planning.

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UP: 7 killed, 40 injured in stage collapse at Jain religious event in Baghpat

The incident serves as a stark reminder of the importance of stringent safety regulations and robust structural assessments for temporary structures used in large-scale public events.

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A tragic accident marred a Jain Nirvana festival in Baghpat, Uttar Pradesh, on Tuesday, resulting in the deaths of seven people and injuries to at least forty others, including women and children. The incident occurred during a laddu ceremony, a significant ritual in Jainism involving the offering of sweetmeats.

The cause of the tragedy was the collapse of a makeshift stage constructed from bamboo and wood. Hundreds of devotees had gathered to participate in the ceremony and offer laddoos to Lord Adinath, a revered figure in Jainism, in the presence of Jain monks. The weight of the crowd overwhelmed the temporary structure, leading to its catastrophic failure and the subsequent injuries and fatalities.

Eyewitness accounts paint a picture of chaos and panic as the stage gave way, trapping dozens of people beneath the debris. The rapid response of local authorities was crucial in mitigating the aftermath. According to district authorities, 108 ambulances were already on standby at the festival, allowing for immediate transport of the injured to hospitals for treatment. Senior police officials and other emergency personnel swiftly arrived on the scene to manage the situation and coordinate rescue efforts.

Baghpat’s District Magistrate, Asmita Lal, confirmed the casualties and provided an update on the injured. She stated that at least forty individuals had sustained injuries and were receiving medical attention, while twenty had been discharged after receiving first aid. The scale of the disaster highlights the inherent risks associated with inadequate structural integrity at large public gatherings.

Chief Minister Yogi Adityanath expressed his condolences and directed district officials to provide comprehensive medical care to the injured, ensuring that no effort is spared in their treatment and recovery. The incident serves as a stark reminder of the importance of stringent safety regulations and robust structural assessments for temporary structures used in large-scale public events.

Investigations into the cause of the stage collapse are likely to follow, focusing on the materials used, the construction methods, and the overall safety protocols in place. The tragedy underscores the need for heightened safety measures to prevent similar incidents in the future.

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