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New Indian Express
2 days ago
- Business
- New Indian Express
In 'Modi Raj', India's inequality levels surpassed that of 'British Raj': Jairam Ramesh
NEW DELHI: The Congress on Tuesday claimed that in "Modi Raj", India's inequality levels have surpassed that of the "colonial British Raj" with "monopolisation" in key sectors and "stagnation" of wages for the average Indian. Congress general secretary in-charge communications Jairam Ramesh attacked the government, citing a report by Capgemini Research Institute which shows that "amidst this large-scale despondency for the Aam Aadmi", India added more than 33,000 new 'khaas Aadmi' millionaires in 2024. "Here's what we know about the Modi Government's track record in deepening economic inequality over the past eleven years -- In Modi Raj, India's inequality levels have surpassed that of the colonial British Raj. Monopolisation in key sectors has led to large scale price rise for the people. Wages for the average Indian have stagnated in the last ten years across the spectrum, for everyone from rural agricultural labourers to salaried middle classes," Ramesh said. Now comes a report from Capgemini Research Institute which shows that "amidst this large-scale despondency for the Aam Aadmi India added more than 33,000 new khaas Aadmi millionaires in 2024", he said. India also saw an 8.8% rise in HNWI (high net worth individuals) collective wealth, Ramesh said.
Time of India
2 days ago
- Business
- Time of India
In 'Modi Raj', India's inequality levels surpassed that of 'British Raj': Jairam Ramesh
The Congress party alleges that under the Modi government, India's inequality has exceeded levels seen during British colonial rule, fueled by monopolization and wage stagnation. Citing a Capgemini report, they highlight the addition of 33,000 new millionaires in 2024 alongside an 8.8% rise in HNWI wealth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Congress on Tuesday claimed that in "Modi Raj", India's inequality levels have surpassed that of the "colonial British Raj" with "monopolisation" in key sectors and "stagnation" of wages for the average general secretary in-charge communications Jairam Ramesh attacked the government, citing a report by Capgemini Research Institute which shows that "amidst this large-scale despondency for the Aam Aadmi", India added more than 33,000 new 'khaas Aadmi' millionaires in 2024."Here's what we know about the Modi Government's track record in deepening economic inequality over the past eleven years -- In Modi Raj, India's inequality levels have surpassed that of the colonial British Raj. Monopolisation in key sectors has led to large scale price rise for the people. Wages for the average Indian have stagnated in the last ten years across the spectrum, for everyone from rural agricultural labourers to salaried middle classes," Ramesh comes a report from Capgemini Research Institute which shows that "amidst this large-scale despondency for the Aam Aadmi India added more than 33,000 new khaas Aadmi millionaires in 2024", he also saw an 8.8% rise in HNWI (high net worth individuals) collective wealth, Ramesh said."In other words, the Modi Raj elite are continuing to grow in record numbers and continuing to grow their wealth at astonishing rates," he said in a post on X."Not only is this unjust and unsustainable, it also represents a threat to our growth. The report also notes that next-gen HNWIs plan to boost offshore assets by 2030. The wealth that is being concentrated among the elite is therefore set to leave India at increasingly more rapid rates," the Congress leader claimed."This is a drain of wealth that India cannot afford, but which is directly attributable to these pernicious inequalities," Ramesh said.
Time of India
4 days ago
- Health
- Time of India
Arora has clear blueprint of Ludh's devp: Dr Balbir Singh
Ludhiana: Punjab health minister Dr Balbir Singh held an election meeting in Kitchlu Nagar in support of AAP bypoll candidate, Sanjeev Arora on Saturday. Addressing the gathering, Dr Balbir Singh described Arora as a visionary and development-oriented leader with a clear blueprint for Ludhiana's progress. He asserted that Arora's victory would not only benefit Ludhiana (West) but also contribute to the development of the city and state. Dr Singh said that there was "strong public sentiment" in favour of Arora and credited him for visible development over the last three years. In contrast, he criticised an opponent who, despite having held a ministerial post in the past, failed to deliver results. Soliciting votes in favour of development, Dr Singh elaborated on the state government's initiatives in healthcare, such as the establishment of Aam Aadmi clinics and upgrade of existing health facilities. The minister lauded Arora for renovation of the Ludhiana civil hospital and said that it had now been upgraded to the level of private healthcare institutions. He said that Rs 12 crore had been spent on the upgrade and further improvements were underway. He also noted the popularity of mohalla clinics across Punjab, with over 3.5 crore patient visits recorded so far. MSID:: 121694272 413 |
Indian Express
24-05-2025
- Business
- Indian Express
Farmers, green activists slam AAP over land pooling policy: ‘Is Punjab govt now property dealer'
The Punjab government's new land pooling policy, announced by Finance Minister Harpal Singh Cheema on Thursday, has triggered panic and outrage among the farmers of 44 Ludhiana villages, whose 24,311 acres of agricultural land would be acquired for developing new urban estates. Refusing to accept the AAP-led state government's land acquisition proposal, irked farmers termed the move as a 'land grab in disguise'. 'Is it a government or a property dealer?' Jagroop Singh, a farmer from Hassanpur village, questioned. 'They (AAP government) claimed we will be provided 1,000 square yards of developed residential land and 200 square yards of commercial land for every acre of land they would acquire. But when? What will a farmer do until then? How will we find buyers for such plots?' On Thursday, the state government announced the implementation of the land pooling policy, with '100% voluntary participation' as its core principle, while claiming farmers stand to gain up to a 400% return on their land investment. 'This policy is designed to foster transparent and planned urban development across the state,' Cheema had said. Fearing that the 'voluntary' nature of this policy is a 'smokescreen', Jagroop asserted: 'They must clarify if the change of land use (CLU) permission in these areas would continue. Unofficial restrictions are being imposed at present. Eventually, we would be left with no choice, but to surrender our land.' Slamming Cheema for the '400% return' claims, Jagroop said: 'Does he even know the current rates in villages like Issewal, Jodhan, and Pamal among many others? They are already worth Rs 4-5 crore per acre, and still farmers are not selling their land. His argument is baseless.' Farmer Gurpreet Singh Pamal from Pamal village, voicing the same concerns, called the move a 'betrayal'. 'This is not Mohali. Ludhiana's land is fertile and prosperous. Why not develop areas like Mansa or Bathinda where the land is barren, and needs investment? Why target Ludhiana? Because of high land prices?… We no longer trust this government. Their intentions are malafide.' Terming the government 'property dealers' and slamming it over its 'priorities', another farmer, Balwinder Singh from Gauhar village, said: 'Ludhiana is already well-developed. Why not uplift the underdeveloped regions of Punjab? This policy is not for the Aam Aadmi, but the Khas Aadmi. Stop acting like property dealers.' On what would be the 'fate of livestock and rural livelihoods' eventually, farmer Ranvir Singh from Rurka questioned whether the move was 'urbanisation at the cost of fertile land'. 'Where will our cattle go? Which are the think tanks behind this disastrous move?' Amplifying similar fears, even political and environmental analysts questioned the government move and its future. Dakha MLA Manpreet Singh Ayali, who is also in the real estate business, questioned the feasibility of developing such a vast area. 'This move seems more like a money-making scheme, than a welfare plan. If it is voluntary, clarify on the change of land use permission.' Environmentalist Samita Kaur said: 'This is not development. It is bribery masked as progress. Are we encouraging urbanisation instead of crop diversification? Turning the green fields of Punjab into concrete jungles is nothing short of doomsday.'
