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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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Case registered against Mamata Banerjee over controversial 2025 religion remark

A formal police case has been registered against Trinamool Congress supremo Mamata Banerjee in Siliguri, West Bengal. The complaint alleges that her 2025 “Ganda Dharm” remark targeted Hinduism and hurt the religious sentiments of the community.

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Mamata Banerjee

A formal police complaint has been lodged against Trinamool Congress (TMC) chief Mamata Banerjee in West Bengal’s Siliguri. The legal action stems from an alleged derogatory remark regarding Hinduism made during an Eid congregation in Kolkata in 2025.

The case was registered following a complaint filed by a local lawyer, Rinki Chatterjee, who alleged that the former Chief Minister’s comments deeply hurt the religious sentiments of Hindus globally.

Legal charges and complaint details

The police have invoked multiple sections under the Bharatiya Nyaya Sanhita (BNS) against Banerjee, including Section 351(1) for criminal intimidation, Section 352 for intentional insult with intent to provoke breach of peace, and Section 353 for promoting feelings of enmity, hatred, or ill will between different communities.

According to the complaint, the controversy traces back to an Eid event organized on Kolkata’s iconic Red Road in 2025. While delivering a speech targeting the Bharatiya Janata Party (BJP), Banerjee purportedly referred to the version of Hinduism championed by the political rival as “Ganda Dharm” (filthy religion).

Chatterjee stated in her complaint that labeling Sanatan Dharma in such a manner at a religious gathering was “absolutely unacceptable”. The complainant also pointed to other instances where senior TMC leaders allegedly targeted Hinduism, adding that Banerjee made indirect threats to the Hindu community during the 2026 West Bengal Assembly election campaign to influence voters through intimidation.

Political responses to the FIR

The reported statements had previously drawn sharp criticism from the state BJP leadership last year, including strong objections from current Chief Minister Suvendu Adhikari. However, this FIR represents the first formal legal action taken regarding the speech.

When approached for a response, Atri Sharma, a lawyer and general secretary of the TMC’s Darjeeling unit, declined to comment officially as a party spokesperson. However, he noted that many within the party internal circles found the remarks inappropriate at the time they were spoken. Sharma acknowledged that holding a high public office required restraint and affirmed that every individual holds the moral right to pursue legal remedies.

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Enforcement Directorate raids former Kerala Chief Minister Pinarayi Vijayan’s residence in money laundering probe

The Enforcement Directorate on Wednesday carried out searches at the Thiruvananthapuram residence of former Kerala Chief Minister Pinarayi Vijayan and 11 other locations in connection with a money-laundering probe registered in 2024.

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The Enforcement Directorate on Wednesday conducted extensive searches at the Thiruvananthapuram residence of former Kerala Chief Minister Pinarayi Vijayan. The action comes as part of an ongoing money-laundering investigation, with the central probe agency executing simultaneous raids at 12 separate locations across the state under the Prevention of Money Laundering Act (PMLA).

Broad Crackdown in Financial Probe

The central agency’s operations focused significantly on Vijayan’s rented residence in the state capital, alongside eleven other locations, including premises in Kochi, Kozhikode, Kannur, and Bengaluru. This major enforcement action was initiated shortly after the Kerala High Court dismissed a petition on Tuesday, which had been filed by Cochin Minerals And Rutile Ltd (CMRL) seeking to quash the ongoing ED proceedings.

The roots of the financial investigation trace back to a PMLA case registered in 2024. The core allegation involves an estimated illegal payment of ₹1.72 crore made between 2017 and 2019 by a private entity, Cochin Minerals And Rutile Ltd (CMRL), to Exalogic Solutions, an IT firm owned by Vijayan’s daughter, T Veena.

According to investigators, the financial transactions took place despite the IT firm allegedly rendering no services to the private company. Apart from the financial probe agency’s scrutiny, the Serious Fraud Investigation Office (SFIO) is also independently conducting an inquiry into the wider financial transactions of the matter.

Political Developments

The searches also covered locations linked to other political and executive figures associated with the matter, including premises connected to senior CMRL executives. While the ruling party has previously described the investigations as politically motivated, the central agency has intensified its probe following the high court’s refusal to grant interim relief to the private firm. The case has sparked intense political debate, with opposition parties using the findings to allege financial irregularities, while local party leaders maintain that the transactions were part of a legitimate business arrangement.

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IPL 2026 Qualifier 1: Rajat Patidar, Virat Kohli shatter playoff records as RCB crush GT to reach final

Defending champions Royal Challengers Bengaluru advanced to their second consecutive IPL final after a historic 92-run demolition of Gujarat Titans in Qualifier 1, powered by Rajat Patidar’s breathtaking 93*

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Defending champions Royal Challengers Bengaluru (RCB) created history in the Indian Premier League (IPL) 2026 Qualifier 1 against Gujarat Titans (GT), sealing their spot in a second consecutive final with a clinical 92-run victory on Tuesday.

Riding on captain Rajat Patidar’s blistering, unbeaten 93 off just 33 balls, Bengaluru piled up a colossal 254 for 5 in their 20 overs after being asked to bat first at the scenic Dharamsala stadium. The monumental total surpassed the previous playoff benchmark of 233 for 3, set by GT against Mumbai Indians in 2023, making it the highest-ever score in IPL playoff history. In response, a ruthless RCB bowling assault dismantled the Gujarat Titans batting line-up, bowling them out for 162 in 19.3 overs.

Patidar blitzkrieg anchors historic RCB innings

After GT skipper Shubman Gill won the toss and opted to field, RCB’s top order asserted early dominance by racing to 76 for 1 within the powerplay. Venkatesh Iyer provided a quickfire 19 off seven balls, while Devdutt Padikkal struck 30 off 19 deliveries to set a brisk tempo.

The foundation allowed Virat Kohli to maintain the middle-order momentum with a fluent 43 off 25 balls. With this knock, Kohli carved out another historic milestone, becoming the first player in IPL history to accumulate over 600 runs in four consecutive seasons. Jason Holder briefly checked RCB’s charge by removing both Kohli and Padikkal in the 10th over to leave them at 99 for 3.

However, skipper Rajat Patidar took complete control from there on. Surviving two dropped catches early on, Patidar launched a brutal counter-attack, smashing five fours and nine towering sixes at an astonishing strike rate of 281.81. He combined forces with Krunal Pandya, who played a crucial anchoring role with 43 off 28 balls, putting together a blistering 90-run partnership. Patidar turned particularly merciless in the death overs, hammering a massive over from Kulwant Khejroliya as RCB finished their death overs on an absolute high.

Gujarat Titans collapse under scoreboard pressure

Faced with a steep mountain to climb, the Gujarat Titans chase imploded right from the start, losing five wickets inside the powerplay against a lethal pace battery. Openers Sai Sudharsan and skipper Shubman Gill were dismissed in the third and fourth overs respectively.

Sudharsan, the tournament’s leading run-scorer, suffered a bizarre and unfortunate dismissal when his bat slipped during a cut shot, knocking back his own stumps to be out hit-wicket off Jacob Duffy. Gill followed shortly after, cleaned up by an excellent delivery from Bhuvneshwar Kumar.

Jos Buttler offered a brief, aggressive resistance by hitting four boundaries and two sixes in a quick 29, but Australian pacer Josh Hazlewood exacted quick revenge by clean-bowling him in the fifth over. From a precarious position, the Titans slipped further as Jacob Duffy tore through the middle order, dismissing Washington Sundar and Rashid Khan.

Rahul Tewatia was the lone warrior for the Titans, waging a solitary battle to smash a fighting 68. His aggressive hitting brought up the team’s hundred in the 13th over and dragged the side past the 150-mark. However, the target proved far too distant. Krunal Pandya claimed the final wicket in the final over, dismissing GT’s tailender Mohammed Siraj—who was caught by Tim David—to bundle out GT for 162, securing the second-largest victory margin in IPL playoff history for RCB.

While RCB marches straight into the grand finale with ultimate momentum, Gujarat Titans remain alive in the tournament. They will get another opportunity to reach the final when they play the winner of the Eliminator clash between Sunrisers Hyderabad and Rajasthan Royals in Qualifier 2.

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