2 days ago
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The Congress connected Thursday (June 4, 2026) claimed the Modi authorities is successful "panic mode" and "under siege" from wrong its ecosystem connected the existent economical situation, asserting that the existent occupation is that backstage firm concern is precise tepid wrong the country.
Congress person Jairam Ramesh cited a media transmission assertion that the Centre is readying to contented an ordinance amending the Income Tax Act to destruct the 12.5% semipermanent superior gains taxation connected investments made by overseas portfolio investors (FPIs) successful Indian authorities securities, arsenic helium attacked the government.
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"The Modi authorities is intelligibly successful panic mode and is nether siege from wrong its ecosystem connected the existent economical situation," Mr. Ramesh said connected X.
According to a quality flash by a TV transmission that is plugged into the ruling establishment, the Modi authorities is readying to contented an ordinance amending the Income Tax Act to destruct the 12.5% semipermanent superior gains taxation connected investments made by overseas portfolio investors (FPIs) successful Indian authorities securities, helium said.
This complaint was fixed successful the Union Budget of July 2024, Mr. Ramesh pointed out.
He claimed the "real problem" is that backstage firm concern is precise tepid wrong India.
Those who tin and indispensable put successful India are either investing overseas oregon postponing investments astatine home, the Congress wide caput in-charge communications said.
"Corporate net are astatine grounds highs, but the complaint of backstage firm concern arsenic a % of GDP has really declined markedly. Band-aid ordinances whitethorn supply headlines but are nary substitute for addressing the structural causes of depressed rates of backstage firm investment," Mr. Ramesh said.
These see stagnation successful existent wages, sharpening income and wealthiness inequalities, ever-increasing attraction of economical powerfulness successful assemblage aft sector, and an intimidatory ambiance created by the misuse of investigative agencies, helium added.
"Allowing imports from China to support increasing has lone added to home concern woes," the Congress person said.
