Modi Government left no stone unturned in ruining country's rapidly growing economy: Congress
The Congress on Tuesday (June 24, 2025) attacked the Centre over interest rates on savings accounts reportedly reaching the lowest level in 25 years, alleging that the Modi government has, in the last 11 years, left no stone unturned in 'ruining' the country's rapidly growing economy.
Congress general secretary in-charge of communications Jairam Ramesh shared a media report on X which claimed that the 1% cut in repo rate by the RBI has forced banks to reduce their deposit rates, pushing savings account interest rates to a 25-year low.
'In the last 11 years, the Modi government has left no stone unturned in ruining the country's rapidly growing economy. Starting with demonetisation, new experiments are being conducted on the people of the country every year; they are being tortured in new ways everyday,' Mr. Ramesh said in a post on X in Hindi.
The interest rates on savings accounts have reached the lowest level in 25 years, which is directly hitting the pockets of the elderly and the common citizens, he said.
'Banks have already closed their doors for the common people; after this, they will be available only to the very rich capitalist friends,' the Congress leader said.
'Prime Minister, the well-being of the people of the country is your first responsibility, but you are busy in increasing the wealth of your capitalist friends by diverting the money of the people of the country to their companies through the stock market,' Mr. Ramesh alleged.
This is a huge injustice and deception towards the people of the country, he said.
The Congress has been attacking the government over its handling of the economy, claiming the issues of rising prices, decreasing private investment and stagnating wages were hitting the common people hard.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
14 minutes ago
- News18
India Gears Up To Launch Landmark Social Security Scheme For Gig Workers
Last Updated: The government plans to extend benefits of Ayushman Bharat to nearly one crore gig and platform workers In a major step toward formalising protection for India's growing gig economy, the government is preparing to roll out a dedicated social security scheme for gig and platform workers under the Pradhan Mantri Jan Arogya Yojana (PM-JAY)—the world's largest publicly funded health insurance program. The announcement, made as part of the Union Budget 2025, marks a watershed moment for the country's informal workforce, which has long remained outside the ambit of structured welfare systems. PM-JAY, also known as Ayushman Bharat, was launched by Prime Minister Narendra Modi on September 23, 2018, and currently provides Rs 5 lakh health insurance per family per year to over 50 crore citizens. Now, the government plans to extend its benefits to nearly 1 crore gig and platform workers—a category that includes delivery personnel, drivers, and freelance service providers across digital platforms. According to sources in the Ministry of Labour and Employment, over 20 lakh gig workers have already registered on the e-Shram portal and will soon be issued unique identification numbers that will link them to welfare benefits. To accelerate this drive, the government has mobilised labour offices, community centres, and EPF offices, alongside a widespread awareness campaign. A formal notification has also been issued to all platform aggregators, directing them to register both themselves and their workers under the upcoming scheme—a move that puts responsibility on companies like ride-sharing apps and food delivery platforms to ensure compliance. India's gig economy is growing rapidly and is projected to reach 23.5 million workers by 2030. While it has created flexible employment opportunities, especially in sectors like e-commerce, logistics, and transport, the workforce remains highly vulnerable. Despite their essential contribution to the economy, gig workers have so far operated largely outside the formal social security net. Sources familiar with the matter reveal that the final contours of the scheme are in advanced stages of preparation, with most of the groundwork already complete. 'While many countries are still debating how to bring gig workers under social welfare coverage, India has taken a lead by moving swiftly toward a formalised scheme," said a senior official involved in the process. It is learnt that the scheme could be launched by the end of 2025, but for implementation to begin, an amendment to the existing labour codes may be required — a matter that is currently under consideration. The government is also actively considering adding pension benefits as part of a broader social security package for gig workers. Stakeholder consultations are underway, involving policymakers, labour experts, platform companies, and worker representatives to finalise the modalities. The ambitious move is being seen as part of the Modi government's broader effort to bring economic dignity and structured support to workers on the margins of India's labour economy. If implemented successfully, the scheme could become a global benchmark in gig worker welfare—offering a scalable model for other countries facing similar challenges in the digital labour space. Get breaking news, in-depth analysis, and expert perspectives on everything from politics to crime and society. Stay informed with the latest India news only on News18. Download the News18 App to stay updated! First Published: June 25, 2025, 10:11 IST
New Indian Express
14 minutes ago
- New Indian Express
'Undeclared Emergency@11': Congress hits back at Modi government
NEW DELHI: In a scathing attack on the Modi government, the Congress on Wednesday alleged that over the past eleven years, Indian democracy has been under a systematic and dangerous five-fold assault that can be best described as 'Undeclared Emergency@11'. The opposition party also claimed that there has been "unbridled hate speech and crackdown on civil liberties". In a statement, Congress general secretary in-charge communications Jairam Ramesh alleged that government critics have been routinely vilified, hate and bigotry is deliberately spread by the ruling establishment, protesting farmers were labelled "Khalistanis", and advocates of caste census were dismissed as "urban Naxals." "The killers of Mahatma Gandhi are glorified. Minorities live in fear of their lives and property. Dalits and other marginalised groups have been disproportionately targeted, and ministers making hate speeches have been rewarded with promotions," he claimed.
India.com
14 minutes ago
- India.com
Rockets, missiles, bombs, torpedoes, Modi govt's masterstroke to make Indian Army..., DRDO also plans to...
Rockets, missiles, bombs, torpedoes, Modi govt's masterstroke to make Indian Army..., DRDO also plans to... The world is currently witnessing an era of war with Russia-Ukraine, Israel-Iran, India-Pakistan showing their military might. These trying times have also reflected that any country should keep its military prowess at its best all the time. After the success of indigenous weapons in the recent conflict between India Pakistan, the Defense Research and Development Organization (DRDO) has recently offered to give 28 weapon systems to the three armies. According to reports, DRDO has submitted a list of these weapons to the Defense Ministry. Following which, the central government has given the armies the right to buy new weapons in an emergency situation. Proposal to purchase 28 new weapons DRDO's list includes rockets, air-to-air missiles, air-to-ground missiles, laser-targeted bombs, torpedoes. Apart from these, air defense missiles and anti-tank missiles, helicopter-launched and ground-launched Nag missiles, Rudram anti-radiation missiles, naval anti-ship missiles and grenades are also in this list. DRDO sent the complete list According to defense sources, DRDO has given a list of modern weapon systems along with the names of the production agencies that make these weapons. Also, it has been told how many weapons the armies can buy in the next six months to one year. The armies can buy weapons from these agencies. For example, Pinaka rockets can be purchased from Solar Defense and Aerospace Limited. At the same time, Bharat Dynamics Limited is the source of many weapons included in the list. These weapons will make the army powerful The army has also been given man-portable anti-tank guided missiles, very short-range air defense systems, smart anti-airfield weapons, long-range glide bombs and advanced light-weight torpedoes. Along with this, ammunition has also been given for 155 mm artillery guns. The forces have been given the option to order from a list of 28 different weapons. Of these, 14 are for the Indian Army, 8 for the Indian Navy and 6 for the Indian Air Force. DRDO the main developer of weapons DRDO has been the main developer of weapons in the Indian defense system. Its BrahMos supersonic cruise missile, MRSAM air-edge fence missile system and Akash air-edge fence system have performed very well in defeating Pakistani attacks during Operation Sindoor. The list given by DRDO also tells which weapon will be available from where. This will make it easier for the armies to buy weapons.
