Congress leader Rahul Gandhi on Monday launched a scathing attack on the Prime Minister Narendra Modi-led BJP government and said the central government has attacked the country's unorganised economy in the last six years attempting to turn people into slaves.
He put forth three examples to substantiate his contentions -- demonetisation, flawed GST, and the Covid-induced lockdown and added that the aim of these three decisions was to "finish the informal sector".
"The BJP government has attacked the unorganized economy in the last six years and the attempt is being made to make you a slave," Gandhi said in a new video series called 'Arthvyavastha Ki Baat'.
In the 3 minute and 38 seconds video, the unemployment rate that has been the highest in 45-years was flashed as Gandhi spoke. "Over 40 crore labourer in the informal sector are caught in extreme poverty. In the last four months, nearly two crore people have lost their jobs," it showed.
"There are lakhs and crores of rupees in the informal sector, which they cannot touch. They want to break in and take away the money. The result will be that India will not be able to create employment because 90 per cent employment comes from the informal sector," the 50-year-old leader said.
The day the informal sector is over, India will not be able to create employment, Gandhi said. "A conspiracy is being planned against you (people). You are being cheated in order to make you a slave. The whole country will have to fight against this."
He further said that, in 2008, when all the countries were reeling under recession, it did not bother India when the UPA was at the Centre.
Musk says Tesla 'doing well' after slump…
20-05-2025
Elon Musk affirmed his commitment to remain Tesla's CEO for at least five more years, dismissing concerns over political backlash stemming from his association with Donald Trump. . “In terms...
Read moreHindalco posts record Rs 16,002 crore pr…
20-05-2025
Hindalco Industries reported a significant 66% surge in net profit, reaching Rs 5,284 crore for the quarter ended March 2025, fueled by strong Indian operations and lower input costs. The...
Read moreBig hit for Indians in the US! How Donal…
20-05-2025
India faces a potential remittance problem as the US tightens migration policies and proposes a 5% tax on remittances. This could significantly impact the $120 billion India receives annually, with...
Read moreTata Electronics begins assembling iPhon…
20-05-2025
Tata Electronics has initiated iPhone assembly, including the iPhone 16 series, at its Hosur facility, a move that may challenge Foxconn's dominance in the smartphone supply chain.
Read moreUS tariff and trade uncertainty have 'ne…
20-05-2025
Moody's Ratings highlights that ongoing uncertainty surrounding US tariffs negatively impacts emerging market debt issuers, including corporations and governments. These tariffs, coupled with geopolitical tensions, contribute to slower economic growth...
Read moreBenefit for India: How Indian ports will…
20-05-2025
Indian ports are set to benefit from the global China+1 strategy as companies diversify manufacturing beyond China, according to Moody's Ratings. This shift could significantly boost port activity in India.
Read moreHow to use your bonus: Answer these 5 qu…
20-05-2025
This guide helps individuals determine the best use of surplus cash from their bonus by addressing key financial areas. It advises on health and life insurance, emergency funds, and loan...
Read moreAir India may sign over 10 new codeshare…
20-05-2025
Air India is aggressively expanding its international connectivity through codeshare partnerships, aiming for over 10 new agreements this financial year. This strategy, crucial for competing with established global airlines, focuses...
Read moreGold rate today: Gold prices have plunge…
20-05-2025
Gold rate today: Gold futures on MCX opened lower, while silver also saw a decline. Prices have fluctuated, influenced by Moody's US credit rating downgrade and Russia-Ukraine peace talk hopes.
Read moreWhy have H-1B visa applications plunged?…
20-05-2025
H-1B visa applications for FY26 have significantly decreased, influenced by stricter regulations under Donald Trump's policies and increased application costs. Heightened scrutiny, including social media verification and rigorous documentation, contributes...
Read moreAustralia lowers interest rates to 3.85%…
20-05-2025
The Reserve Bank of Australia (RBA) has cut the cash rate to 3.85%, marking the second reduction this year amid declining inflation, now within the 2-3% target. This decision follows...
Read moreProtean eGov Technologies shares plummet…
19-05-2025
Protean eGov Technologies' shares have plummeted over 30% in two days after the Income Tax Department rejected their bid for the PAN 2.0 systems upgrade project. This decline erases the...
Read moreCATL shares surge 13% on first day of Ho…
19-05-2025
CATL, a leading EV battery manufacturer, witnessed its shares surge over 13% during its Hong Kong stock market debut, raising $4.6 billion. This marks the largest IPO globally this year...
Read moreChina's central bank cut interest rates …
19-05-2025
China's central bank has lowered key interest rates to record lows, aiming to stimulate an economy challenged by weak consumer demand and a property crisis. The cuts follow a temporary...
Read moreStock market crash today: Nifty50 ends b…
19-05-2025
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, tanked in trade on Tuesday afternoon, influenced by subdued global market conditions, selling pressure, and reserved approach from institutional...
Read more