English हिन्दी
Connect with us

India News

After Yashwant Sinha, BJP’s Shourie hammers Modi govt, calls noteban an “idiotic jolt”

Published

on

Arun Shourie

The former union minister says demonetisation was the largest money-laundering scheme ever conceived and implemented by a government

Days after former finance minister Yashwant Sinha created a stir with his forthright critique of finance minister Arun Jaitley’s handling of the Indian economy, former Union minister and BJP veteran Arun Shourie has now launched a broadside against Prime Minister Narendra Modi’s government over its economic policies; demonetisation in particular.

Terming demonetisation “the largest money-laundering scheme ever conceived and implemented entirely by the government,” Shourie told news channel NDTV in an interview that Modi’s noteban which rendered out 86 per cent of the currency circulating in the economy as no longer legal tender was “idiotic jolt”. The former union minister and veteran journalist said that demonetisation had little impact on curbing the shadow economy – Modi’s stated objective for behind the move – and that “everyone who had black (money) converted it into white”.

The former Union minister went on to say that while demonetisation “was a bold step. I have to remind you, suicide too is a bold step.”

Shourie’s comment on black money having been “converted into white” is backed by the recent RBI report which suggested that nearly 99 per cent of the banned Rs 500 and Rs 1000 currency notes had been returned to banks. He added that none of the government’s arguments in support of demonetisation had yielded fruit. “Which argument today survives? Black money? All of it turned white. Terrorism? Terrorists are still coming into India. At the end they have nothing to say,” he pointed out.

The senior BJP leader who held the disinvestment portfolio in former Prime Minister Atal Behari Vajpayee’s NDA government also slammed the Modi regime’s implementation of the Goods and Services Tax (GST) stating that the “important reform” was implemented “poorly”. Shourie emphasised that “rules (for the GST rollout) have been amended seven times within three months” and insisted that what makes it worse is the “event management of the GST…A tax reform is being compared to the independence of India (a reference to the ‘stroke of the midnight hour’ like rollout of GST on July 1 this year).”

The BJP leader didn’t spare his party’s national president Amit Shah, calling him “that famous economist” while slamming his comment in which he had sought to blame the dip in India’s GDP growth rate on “technical reasons” and not the aftermath of demonetisation and GST rollout as is largely believed.

After Yashwant Sinha, BJP’s Shourie hammers Modi govt, calls noteban an “idiotic jolt”Shourie reiterated his “government run by two and a half persons” comment, stating that “Narendra Modi, Amit Shah and one in-house lawyer… don’t have the expertise and they have surrounded themselves by people who don’t have the expertise (of running the country).”

He said that the Modi government was functioning in a “sealed echo-chamber” and claimed that “They (those in the government) don’t hear what is happening… The distress the RBI has documented of small and medium enterprise. These poor fellows had been clamouring and shouting. Nobody heard them (sic)”.

Taking a dig at the Modi government’s proclivity for organizing mega-events to unveil all their programs, Shourie said: “Their core competence is event management. They are so self-satisfied with it. They are just briefing each other, not listening to others… They are concerned about 300-feet statute, bullet trains etc.”

Shourie also made it a point to throw figures and data at the government to back claims of an economic downturn. Stating that attacks against the government over the slowing pace of the economy was based on hard facts, Shourie said: “those facts emerge from official reports such as The Economic Survey, the RBI surveys, the SBI’s report etc. Is it a fact or not that GDP has collapsed to 3.7 per cent according to the old series? Is it a fact or not that index of industrial production has gone down from about 9 per cent in 2015-16 to about 1.7 per cent in April to July?”

India News

Congress, BJP attack Bhagwant Mann over remarks on Punjab blasts

Congress and BJP have jointly criticised Punjab CM Bhagwant Mann after he linked recent blasts near defence sites to political motives, triggering a controversy.

Published

on

Bhagwant Mann

A political row has erupted in Punjab after Chief Minister Bhagwant Mann linked recent blast incidents to political motives, drawing sharp criticism from both the Congress and the Bharatiya Janata Party (BJP).

The controversy follows two low-intensity explosions reported within a short span of time — one near the Border Security Force (BSF) headquarters in Jalandhar and another close to an army cantonment area in Amritsar. The incidents raised concerns over security, particularly given the sensitive nature of the locations.

In response, Mann suggested that the blasts could be part of a larger political strategy. His remarks triggered a strong backlash, with opposition parties accusing him of politicising a serious security issue.

Leaders from the Congress criticised the Chief Minister’s statement, calling it inappropriate and alleging that such comments undermine the gravity of the situation. They stressed that matters related to national security should be handled with caution and responsibility.

The BJP also joined the criticism, questioning the basis of Mann’s claims and urging the state government to focus on investigation and law enforcement instead of making political allegations.

The developments have led to an unusual moment where both Congress and BJP appear aligned in their criticism of the Aam Aadmi Party-led government in the state.

Meanwhile, the blasts themselves have intensified concerns over safety in border regions, with authorities continuing their investigation into the incidents. No casualties were reported, but the proximity to defence establishments has made the issue particularly sensitive.

The episode has further escalated political tensions in the state, with security and accountability emerging as key points of debate.

Continue Reading

India News

Himanta Biswa Sarma resigns as Assam chief minister, oath ceremony likely after May 11

Himanta Biswa Sarma resigns as Assam Chief Minister after BJP-led NDA’s victory. He will continue as caretaker CM until the new government is sworn in after May 11.

Published

on

Himanta sharma

Assam Chief Minister Himanta Biswa Sarma resigned from his post on Wednesday, paving the way for the formation of a new government after the BJP-led NDA secured a decisive victory in the 2026 Assembly elections.

Sarma submitted his resignation to Governor Lakshman Prasad Acharya at Lok Bhawan in Guwahati. The Governor accepted the resignation and asked him to continue as the caretaker Chief Minister until the new government takes charge.

The resignation comes after the NDA’s strong electoral performance, where the alliance won a clear majority in the 126-member Assembly, ensuring its return to power for another term.

Oath ceremony expected after May 11

Speaking to reporters after submitting his resignation, Sarma said the swearing-in ceremony for the new government is likely to be held after May 11.

He indicated that Prime Minister Narendra Modi has been invited to attend the ceremony but is unavailable until May 11, which has influenced the tentative schedule.

Decision on next chief minister soon

Sources suggest that central observers, including senior BJP leaders, are expected to arrive shortly to oversee the selection of the legislature party leader. The newly elected MLAs will then decide on the next Chief Minister.

Despite the formal resignation, party sources indicate that Sarma is likely to continue in the role for another term, given the BJP’s strong mandate in the state.

The move marks the beginning of the government formation process in Assam following the election results declared earlier this week.

Continue Reading

India News

Rahul Gandhi and Vijay alliance took shape through backchannel talks, early signals from Congress leaders

Congress outreach and political calculations led to Rahul Gandhi and Vijay coming together after the Tamil Nadu 2026 election results.

Published

on

The coming together of Rahul Gandhi and actor-politician Vijay in Tamil Nadu after the 2026 Assembly elections was not sudden, but the result of behind-the-scenes political manoeuvring and early signals within the Congress.

According to media reports, some leaders in the Tamil Nadu Congress had already sensed the scale of Vijay’s surge during the campaign, anticipating what was later described as a “wave” in favour of his party.

After the results, where Vijay’s Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party but fell short of a majority, communication channels between the Congress leadership and Vijay quickly became active.

A key moment in this evolving political equation was a phone call from Rahul Gandhi to Vijay, congratulating him on the party’s strong performance. The conversation was seen as more than a courtesy, signalling the possibility of cooperation at a time when government formation required additional support.

Reports indicate that discussions within Congress weighed the political benefits of supporting Vijay, especially given the shifting dynamics in the state where traditional dominance by major Dravidian parties has been challenged.

With TVK needing allies to cross the majority mark, Congress emerged as a potential partner, leading to a broader political realignment in the state. This development also triggered tensions within opposition alliances, highlighting the strategic importance of the decision.

The evolving partnership reflects a mix of electoral pragmatism and changing voter sentiment, particularly the growing influence of younger voters, which leaders acknowledged as a key factor in the election outcome.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com