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New Indian Express
10 hours ago
- Business
- New Indian Express
Investment depression inevitable consequence of Modi govt's policies of suppression: Congress
NEW DELHI: The Congress on Saturday said the country's economic and investment growth is sluggish due to the Narendra Modi government's "policies of suppression and oppression". In a post on X, Congress general secretary, communications, Jairam Ramesh said India's economic growth "stubbornly refuses" to accelerate at the desired and perfectly feasible rate. The most important reason for this failure, he said, is that private corporate investment continues to remain sluggish in spite of the generous tax cuts in September 2019 and the PLI (production-linked incentive) cash handouts. Ramesh said the Modi Government's own survey indicates that private sector capital expenditure may well be 25 per cent lower in 2025-26 as compared to the previous year. "Informed analysts have opined that while banks are willing to lend, companies are unwilling to borrow since the investment environment is not seen to be conducive to expansion.
Time of India
10 hours ago
- Business
- Time of India
Investment depression inevitable consequence of Modi govt's policies of suppression: Congress
The Congress on Saturday said the country's economic and investment growth is sluggish due to the Narendra Modi government's "policies of suppression and oppression". In a post on X, Congress general secretary, communications, Jairam Ramesh said India's economic growth "stubbornly refuses" to accelerate at the desired and perfectly feasible rate. The most important reason for this failure, he said, is that private corporate investment continues to remain sluggish in spite of the generous tax cuts in September 2019 and the PLI ( production-linked incentive ) cash handouts. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Ramesh said the Modi Government's own survey indicates that private sector capital expenditure may well be 25 per cent lower in 2025-26 as compared to the previous year. "Informed analysts have opined that while banks are willing to lend, companies are unwilling to borrow since the investment environment is not seen to be conducive to expansion. Live Events "Growing demand creates a climate for investment. There are undoubtedly global uncertainties but within India, it is clear that demand growth is being held back because of stagnant wages , a distorted GST structure, and sharpening of inequalities," he said in the post. Ramesh added that amid a widespread consumption slowdown, "there is no systematic incentive for corporates to invest in the creation of additional capacity". The Congress general secretary said investment is as much a financial decision as it is influenced by psychological factors. "These factors have come into greater prominence because of the havoc created by tax terrorism, the gaming of the system by a favoured few, and a feeling of fear and insecurity in the larger corporate world. "Ultimately, the investment depression is the inevitable consequence of the Modi government's policies of suppression and oppression," Ramesh alleged.
Arab News
a day ago
- Politics
- Arab News
India accused of illegal deportations targeting Muslims
NEW DELHI: India has deported without trial to Bangladesh hundreds of people, officials from both sides said, drawing condemnation from activists and lawyers who call the recent expulsions illegal and based on ethnic profiling. New Delhi says the people deported are undocumented migrants. The Hindu nationalist government of Prime Minister Narendra Modi has long taken a hard-line stance on immigration – particularly those from neighboring Muslim-majority Bangladesh – with top officials referring to them as 'termites' and 'infiltrators.' It has also sparked fear among India's estimated 200 million Muslims, especially among speakers of Bengali, a widely spoken language in both eastern India and Bangladesh. 'Muslims, particularly from the eastern part of the country, are terrified,' said veteran Indian rights activist Harsh Mander. 'You have thrown millions into this existential fear.' Bangladesh, largely encircled by land by India, has seen relations with New Delhi turn icy since a mass uprising in 2024 toppled Dhaka's government, a former friend of India. But India also ramped up operations against migrants after a wider security crackdown in the wake of an attack in the west – the April 22 killing of 26 people, mainly Hindu tourists, in Indian-administered Kashmir. New Delhi blamed that attack on Pakistan, claims Islamabad rejected, with arguments culminating in a four-day conflict that left more than 70 dead. Indian authorities launched an unprecedented countrywide security drive that has seen many thousands detained – and many of them eventually pushed across the border to Bangladesh at gunpoint. Rahima Begum, from India's eastern Assam state, said police detained her for several days in late May before taking her to the Bangladesh frontier. She said she and her family had spent their life in India. 'I have lived all my life here – my parents, my grandparents, they are all from here,' she said. 'I don't know why they would do this to me.' Indian police took Begum, along with five other people, all Muslims, and forced them into swampland in the dark. 'They showed us a village in the distance and told us to crawl there,' she said. 'They said: 'Do not dare to stand and walk, or we will shoot you.'' Bangladeshi locals who found the group then handed them to border police who 'thrashed' them and ordered they return to India, Begum said. 'As we approached the border, there was firing from the other side,' said the 50-year-old. 'We thought: 'This is the end. We are all going to die.'' She survived, and, a week after she was first picked up, she was dropped back home in Assam with a warning to keep quiet. Rights activists and lawyers criticized India's drive as 'lawless.' 'You cannot deport people unless there is a country to accept them,' said New Delhi-based civil rights lawyer Sanjay Hegde. Indian law does not allow for people to be deported without due process, he added. Bangladesh has said India has pushed more than 1,600 people across its border since May. Indian media suggests the number could be as high as 2,500. The Bangladesh Border Guards said it has sent back 100 of those pushed across – because they were Indian citizens. India has been accused of forcibly deporting Muslim Rohingya refugees from Myanmar, with navy ships dropping them off the coast of the war-torn nation. Many of those targeted in the campaign are low-wage laborers in states governed by Modi's Bharatiya Janata Party (BJP), according to rights activists. Indian authorities did not respond to questions about the number of people detained and deported. But Assam state's chief minister has said that more than 300 people have been deported to Bangladesh. Separately, Gujarat's police chief said more than 6,500 people have been rounded up in the western state, home to both Modi and interior minister Amit Shah. Many of those were reported to be Bengali-speaking Indians and later released. 'People of Muslim identity who happen to be Bengali speaking are being targeted as part of an ideological hate campaign,' said Mander, the activist. Nazimuddin Mondal, a 35-year-old mason, said he was picked up by police in the financial hub of Mumbai, flown on a military aircraft to the border state of Tripura and pushed into Bangladesh. He managed to cross back, and is now back in India's West Bengal state, where he said he was born. 'The Indian security forces beat us with batons when we insisted we were Indians,' said Mondal, adding he is now scared to even go out to seek work. 'I showed them my government-issued ID, but they just would not listen.'
Khaleej Times
5 days ago
- Business
- Khaleej Times
India 'well prepared' to deal with closure of Strait of Hormuz by Iran, says minister
[Editor's Note: Follow our live blog for real-time updates on the latest developments in the Israel-Iran conflict.] Amid Iran's plan to close the Strait of Hormuz, one of the most strategically vital chokepoints in the world connecting the Persian Gulf and the Gulf of Oman, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday asserted that the centre will take "all necessary measures" to ensure affordability and the "stability of fuel supplies". "The Modi government has, over the past several years, not only ensured the stability of supplies, but also affordability. We will take all necessary measures to ensure that," Puri told ANI. The Union Minister said that the consequences of the Strait of Hormuz's closure would be factored in after markets open on Monday. However, he added that there was enough oil available in the global markets. "It's very difficult to speculate on the price factor. The oil price for a long time was between 65 and 70 (USD per barrel). Then it was between 70 and 75. Today is a Sunday. When the markets open tomorrow, the consequences of the closure of the Strait of Hormuz will be factored in. But as I've been saying for a long time, enough oil is available in the global markets," Puri said. "More and more oil is coming on the global markets, particularly from the Western Hemisphere. Even traditional suppliers would be interested in keeping the supplies because they also need revenue. So hopefully the market will factor that in," he added. Puri also posted on X that the centre will take "all necessary steps to ensure stability of fuel supplies" to the citizens. "We have been closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks. Under the leadership of PM Narendr Modi, we have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait of Hormuz now. Our oil marketing companies have supplies of several weeks and continue to receive energy supplies from several routes. We will take all necessary steps to ensure stability of supplies of fuel to our citizens," Puri said in a post. After US' airstrikes on its nuclear installations, Iran is considering closing the Strait of Hormuz, one of the most strategically vital chokepoints in the world, and any blockade by Tehran would pose serious risks for Europe. Revolutionary Guard commander Sardar Esmail Kowsari told local media in an interview that closing the Strait of Hormuz "is under consideration, and Iran will make the best decision with determination," as per EuroNews. "Our hands are wide open when it comes to punishing the enemy, and the military response was only part of our overall response," added Kowsari, who is a member of the Iranian parliament in addition to his military position. Earlier on Sunday, US President Donald Trump said the "very successful" strikes had hit the Natanz, Fordow and Isfahan underground nuclear sites in Iran.
Times of Oman
6 days ago
- Business
- Times of Oman
India well prepared to deal with closure of Strait of Hormuz by Iran: Union Minister Hardeep Puri
Cork [Ireland]: Amid Iran's plan to close the Strait of Hormuz, one of the most strategically vital chokepoints in the world connecting the Persian Gulf and the Gulf of Oman, Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Sunday asserted that the Centre will take "all necessary measures" to ensure affordability and the "stability of fuel supplies." "The Modi government has, over the past several years, not only ensured the stability of supplies, but also affordability. We will take all necessary measures to ensure that," Puri told ANI. The Union Minister said that the consequences of the Strait of Hormuz's closure would be factored in after markets open on Monday. However, he added that there was enough oil available in the global markets. "It's very difficult to speculate on the price factor. The oil price for a long time was between 65 and 70 (USD per barrel). Then it was between 70 and 75. Today is a Sunday. When the markets open tomorrow, the consequences of the closure of the Strait of Hormuz will be factored in. But as I've been saying for a long time, enough oil is available in the global markets," Puri said. "More and more oil is coming on the global markets, particularly from the Western Hemisphere. Even traditional suppliers would be interested in keeping the supplies because they also need revenue. So hopefully the market will factor that in," he added. Puri also posted on 'X' that the Centre will take "all necessary steps to ensure stability of fuel supplies" to the citizens. "We have been closely monitoring the evolving geopolitical situation in the Middle East since the past two weeks. Under the leadership of PM @narendramodi Ji, we have diversified our supplies in the past few years and a large volume of our supplies do not come through the Strait of Hormuz now. Our Oil Marketing Companies have supplies of several weeks and continue to receive energy supplies from several routes. We will take all necessary steps to ensure stability of supplies of fuel to our citizens," Puri said in a post. After the US airstrikes on its nuclear installations, Iran is considering closing the Strait of Hormuz, one of the most strategically vital chokepoints in the world, and any blockade by Tehran would pose serious risks for Europe, EuroNews reported on Sunday. Revolutionary Guard commander Sardar Esmail Kowsari told local media in an interview that closing the Strait of Hormuz "is under consideration, and Iran will make the best decision with determination," as per EuroNews. "Our hands are wide open when it comes to punishing the enemy, and the military response was only part of our overall response," added Kowsari, who is a member of the Iranian parliament in addition to his military position.
