New Market Perspective
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

New Market Perspective

World

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

by admin February 17, 2024
February 17, 2024
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

0
FacebookTwitterGoogle +Pinterest
previous post
Problems mount for UK PM Rishi Sunak as his party suffers heavy defeat in two parliamentary elections
next post
Greece legalizes same-sex marriage in a first for an Orthodox Christian country

Related Posts

Top UN court says Ukraine case over Russia’s...

February 3, 2024

Israel phasing out use of desert detention camp...

June 6, 2024

Julian Assange is flying back to Australia after...

June 25, 2024

Russia unleashes fresh barrage of missiles and drones...

January 13, 2024

Venezuela accuses opposition of coordinating attacks on diplomatic...

January 14, 2025

Three more hostages handed to Israeli military in...

February 8, 2025

Stealth fighters and a massive mothership drone: The...

November 20, 2024

Trump fired the latest tariff shot at China....

February 3, 2025

Forbes journalist placed under house arrest for allegedly...

April 28, 2024

Israel attacked three key Iranian nuclear facilities. Did...

June 15, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • At 90, the Dalai Lama braces for final showdown with Beijing: his reincarnation

      July 4, 2025
    • Russia becomes first nation to recognize Taliban government of Afghanistan since 2021 takeover

      July 4, 2025
    • Two arrested over ‘Chinese blessing scams’ targeting elderly Asian women in Australia

      July 4, 2025
    • Russia launches record number of drones at Ukraine after latest Trump-Putin phone call

      July 4, 2025
    • Elephant kills two female tourists from the UK and New Zealand in Zambian national park

      July 4, 2025
    • What is happening in South Korea? Seoul has caught the lovebug that nobody wants

      July 4, 2025

    Popular

    • 1

      Top 5 Junior Copper Stocks on the TSXV in 2023

      December 22, 2023
    • 2

      Canada Silver Cobalt Begins Drilling at Lowney-Lac Edouard in Quebec, Targeting Nickel-Copper-Cobalt Mineralization

      December 22, 2023
    • 3

      Crypto Market 2023 Year-End Review

      December 22, 2023
    • 4

      10 Top Oil-producing Countries (Updated 2024)

      October 19, 2024
    • 5

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 6

      Powered by rain, this seed carrier could help reforest the most remote areas

      December 19, 2023
    • 7

      A troubling theory about traders profiting from Hamas’ attack on Israel drew much attention. Why it may not be so simple.

      December 13, 2023

    Categories

    • Business (1,398)
    • Investing (3,442)
    • Politics (4,517)
    • World (4,416)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: newmarketperspective.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 newmarketperspective.com | All Rights Reserved