- BJP looted all the money of common citizens
- Investors lost Rs 5.15 lakh crore in just 15 minutes.
- The opposition said: the market remained disappointed even in the festive season
- TDP leader’s statement also raises doubts on NDA government
4 p.m. News Network
New Delhi. The NDA’s Modi government has been attacked by the opposition due to fluctuations in the stock market, turmoil in the country’s economy and the loss of billions of hard-earned money of common people. Congress president Kharge challenged PM Modi and said that the country’s prime minister has created turmoil in the country’s economy by looting all public money.
Regarding the Waqf issue, there has been a lot of fuss over Telugu Desam leader’s statement that Andhra Pradesh CM Chandrababu Naidu will not support this bill. Opposition leaders have called on Prime Minister Narendra Modi to step down as president. The Congress president wrote in a post shared on the social media platform. Not even the joy of festivals could stimulate India’s economy.
Modi government is surrounded by data
Kharge wrote that there are five indisputable facts: Food inflation has reached 9.2 percent. Vegetable inflation was 10.7 percent in August, and has now risen to a 14-month high of 36 percent in September 2024. It is a fact that the consumer goods sector has seen a huge drop in demand, with sales growth falling from 10.1 percent to just 2.8 percent in one year. This is what is said in the monthly report of its own Ministry of Finance. Kharge claimed that growth in the food and beverage sector, which was earlier in double digits, has now come down to 1.5-2 per cent. Consumer goods companies have seen declining margins and if raw material costs for companies increase, prices will increase. The head of Congress stated that domestic savings have fallen to their lowest level in 50 years. Passenger vehicle sales declined 19 percent in September and were virtually flat in October. Kharge stated that the Finance Ministry reported that automobile sales decreased by 2.3 percent. Two-wheeler sales are yet to surpass 2018 figures. The BJP’s anti-people policies are hurting India’s economy.
Instead of lying against opposition, PM should talk about real issues: Kharge
Congress president Mallikarjun Kharge on Monday alleged that the BJP’s anti-people policies are destroying India’s economy. Kharge challenged Prime Minister Narendra Modi and said that instead of lying against the opposition, he should talk about the real problems of the country in his future election rallies. Kharge said false statements cannot replace real issues of public welfare. The economy suffers from low consumption, high inflation, growing inequality, lack of investment and stagnant wages. Kharge alleged that even industry leaders are saying that the country’s middle class is shrinking because the Modi government is dealing a big blow to the poor and the middle class by causing crippling inflation and wiping out people’s savings.
Scream in the stock market
A huge drop occurred in the Indian stock market as soon as trading began on Monday (November 4, 2024). Both Sensex and Nifty are trading down more than 1 per cent. Due to this huge drop in the stock market, investors lost Rs 5.15 lakh crore in the first 15 minutes. Let’s find out what is the reason for this huge fall in the stock market. BSE Sensex fell 665.27 points to 79,058.85 in early trade. NSE Nifty fell 229.4 points to 24,074.95. With this, investors earned Rs 5.15 lakh in the first 15 minutes? drown. In the Sensex pack of 30 stocks, Sun Pharma, Reliance Industries, Infosys, Tata Motors, Infosys, Titan, Maruti and NTPC were the biggest losers. While Mahindra & Mahindra, Tech Mahindra, HCL Technologies and IndusInd Bank were in the green.
Naidu will not allow Waqf bill to be passed: Nawab
Nawab Jaan, vice-president of TDP’s Andhra Pradesh unit, a major ally in the NDA government at the Centre, said everyone should come together to prevent the Waqf Amendment Bill from being passed. Nawab Jaan addressed the ‘Conference to Save the Constitution’ organized by Jamiat Ulema-e-Hind. Andhra Pradesh Chief Minister and TDP leader Chandrababu Naidu is a person who will not allow any bill to be passed that harms the interests of Muslims. He said sending the Waqf Amendment Bill to the JPC was also made possible by Naidu.
- The court order is related to the accused in the murder of former Punjab CM Beant Singh.
4 p.m. News Network
New Delhi. The Supreme Court on Monday told the Central government that if they do not consider the mercy plea of Balwant Singh Razona, convicted in the Beant Singh murder case, we will do so. Beant Singh was the former Chief Minister of Punjab, he was murdered in the year 1995. Balwat Singh Raza was convicted in this murder case. A bench comprising Justice BR Gavai, Justice PK Mishra and Justice KV Vishwanathan adjourned hearing on Balwant Singh Rajaona’s petition for two weeks. The petition said that due to the excessive delay in making a decision on his clemency petition, his death sentence should be commuted to life imprisonment. On September 25, the top court had sought a response from the Centre, the Punjab government and the Chandigarh Union Territory administration to Rajoana’s petition. It may be noted that on August 31, 1995, the then Punjab Chief Minister Beant Singh and 16 others were killed in the explosion at the entrance of the Civil Secretariat in Chandigarh. In this case, in July 2007, a special court found Balwant Singh Rajoana guilty and sentenced him to death. In March 2012, the Shiromani Gurdwara Parbandhak Committee (SGPC) had filed a mercy petition on his behalf before the Supreme Court under Article 72 of the Constitution. On May 3 last year, the Supreme Court refused to commute Rajoana’s death sentence, saying only the competent authority could consider the mercy plea.
The petition has been pending before the President for 12 years
Solicitor General Tushar Mehta, appearing for the Centre, told the court that Rajoana’s mercy plea was pending in Rashtrapati Bhavan, following which the court asked him to decide either way or we would consider it (Rajoana’s plea). Demanding Rajoana’s release until a decision is taken on the mercy petition, Rajoana’s senior lawyer Mukul Rohatgi said Rajoana has been in continuous custody for 29 years. Rohatgi said his mercy petition is pending at Rashtrapati Bhavan for the last 12 years. Please release them for six or three months. At least let them see what the outside world is like. The Punjab government told the court that they need some time to file their counter affidavit in the case.
