Simple Money Goal
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
  • Economy
  • Editor’s Pick
  • Investing
  • Politics
  • Stock
  • Top News
No Result
View All Result
Simple Money Goal
No Result
View All Result
Home Economy

India’s main opposition party says tax authorities have frozen its funds, weeks before nationwide election

by
February 16, 2024
in Economy
0
India’s main opposition party says tax authorities have frozen its funds, weeks before nationwide election

India’s main opposition party, the Indian National Congress, said Friday that its bank accounts had been frozen by federal tax authorities, just weeks before an expected nationwide election.

Authorities later temporarily restored access to the accounts, the party said, but not before the move drew widespread criticism from the Congress and its allies, who accused the government of conducting an attack on democracy.

Congress Treasurer Ajay Maken told a news conference the accounts had been frozen after an investigation of the party’s income tax returns for the 2018-19 financial year. He added that the Income Tax Department had issued a payment demand for 2.1 billion rupees ($25.3 million) in connection to the ongoing probe.

“The Congress party’s bank accounts haven’t been frozen. It’s the democracy that has been frozen,” Maken said. “Will there be only a one party system in this country?”

On Friday, Congress supporters gathered in Delhi’s iconic Jantar Mantar area to protest the action, as party chief Mallikarjun Kharge called on the judiciary to “save the multi-party system in this country and protect India’s Democracy.”

Allies of the Congress party have repeatedly claimed democracy is being stifled in India, with Friday’s case the latest in a series of investigations targeting prominent opponents of Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP).

Former Congress leader Rahul Gandhi, the scion of a political dynasty that produced three prime ministers, was last year disqualified as a lawmaker, and handed a two-year jail sentence for defamation, in a ruling his supporters say was politically motivated. Gandhi was later reinstated as a lawmaker following an intervention from India’s Supreme Court.

Gandhi on Friday said his party will “fight tooth and nail” to protect India’s democracy.

“We have never bowed down before dictatorship, nor will we ever bow down,” he wrote on X, formerly Twitter.

The Congress party, a once formidable force in Indian politics, has been languishing in the polls since Modi rose to power a decade ago with the promise of economic growth and a prosperous society for all.

The Congress Party attempted to form an alliance of opposition groups in a bid to unseat Modi’s BJP in the upcoming election. But that alliance is already starting to see cracks emerge as support for the BJP surges, just weeks before an estimated 900 million Indians are expected to head to the polls.

Often called the world’s largest experiment in democracy, the Indian election comes at a crucial time for the country, as it gains prominence on the world stage with Modi presenting himself as a statesman who is cementing the South Asian nation as a modern superpower.

But tensions are running high at home, with minorities feeling sidelined under the BJP’s majoritarian Hindu nationalist policies.

In its most recent gauge of voter sentiment, the Congress Party lost three out of four regional votes in key state elections in December, giving a boost to Modi and his BJP.

This is a developing story. More to follow…

This post appeared first on cnn.com
Previous Post

Greece legalizes same-sex marriage in a first for an Orthodox Christian country

Next Post

Enemy is ‘coming from all sides:’ Ukraine’s troops face ‘hellish’ conditions as Russia throws all it has at town of Avdiivka

Next Post
Enemy is ‘coming from all sides:’ Ukraine’s troops face ‘hellish’ conditions as Russia throws all it has at town of Avdiivka

Enemy is ‘coming from all sides:’ Ukraine’s troops face ‘hellish’ conditions as Russia throws all it has at town of Avdiivka

Subscribe to Simplemoneygoal.com

    Cracker Barrel assures customers its values remain the same amid logo uproar
    Politics

    Cracker Barrel assures customers its values remain the same amid logo uproar

    August 26, 2025
    U.S. could take stakes in more firms, White House adviser says
    Politics

    U.S. could take stakes in more firms, White House adviser says

    August 26, 2025
    Keurig Dr Pepper to buy Peet’s Coffee owner in $18 billion deal
    Politics

    Keurig Dr Pepper to buy Peet’s Coffee owner in $18 billion deal

    August 25, 2025
    What’s the secret of their success? Summer camp
    Politics

    What’s the secret of their success? Summer camp

    August 25, 2025
    • About us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Politics
    • Stock
    • Top News

    Copyright © 2023 Daily Trading Digest. All Rights Reserved.