Editor's Pick | Congress steps up counter-attack on PM over ‘drain of wealth’

Amidst intense campaigning in the middle of the 2024 Lok Sabha elections, the Congress party stepped up its counter-attack on the BJP and Prime Minister Narendra Modi over the issue of crony capitalism. This comes a day after Mr. Modi alleged that Congress leader Rahul Gandhi had stopped “abusing” industrialists Mukesh Ambani and Gautam Adani and hinted at a deal. In a new video, Mr. Gandhi said that Mr. Modi would resort to “drama and distraction” in the next few days since the election is slipping out of his hands. “Unemployment is the biggest issue and Narendra Modi ji had promised you [the youth] two crores jobs every year. He lied, instead announced demonestisation and implemented a flawed GST but did everything for the benefit of people like Adani,” Mr. Gandhi said in his video Earlier, Mr. Gandhi asked whether Mr. Modi was speaking from his “personal experience” about money being sent by businessmen, after the Prime Minister first levelled the allegations against the Congress leader. In another statement, Congress leader Jairam Ramesh also accused the Modi government of draining wealth from ordinary Indians to crony corporates. Loans to households have increased from ₹7 lakh crore to ₹14 lakh crore in last three years and in September 2023, the Reserve Bank of India (RBI) bulletin showed India’s net financial savings at just 5.1% of the GDP, he said. P. Chidambaram, another Congress leader, also jumped in and took to X to highlight the Congress manifesto’s promise on the economy to support the private sector and every kind of enterprise -- large, medium, small, and micro. The next four phases of the general election will be on May 13, 20, 25, and June 1. Counting is scheduled for June 4. The Hindu’s Editorial Turmoil and test: On Haryana politics Bipartisan rescue: On the U.S. House of Representatives and U.S. politics The Hindu’s Daily News Quiz Who is the leader of Jannayak Janta Party? Dushyant Chautala Nayab Singh Saini Bhupinder Singh Hooda Manohar Lal Khattar To know the answer and to play the full quiz, click here. [logo] Editor's Pick 10 May 2024 [The Hindu logo] [EP Logo] Editor's Pick 10 May 2024 In the Editor's Pick newsletter, The Hindu explains why a story was important enough to be carried on the front page of today's edition of our newspaper. [View in browser]( [More newsletters]( Congress steps up counter-attack on PM over ‘drain of wealth’, crony capitalism Amidst intense campaigning in the middle of the 2024 Lok Sabha elections, the Congress party stepped up its [counter-attack on the BJP]( and Prime Minister Narendra Modi over the issue of crony capitalism. This comes a day after Mr. Modi alleged that Congress leader Rahul Gandhi had stopped “abusing” industrialists Mukesh Ambani and Gautam Adani and hinted at a deal. In a new video, Mr. Gandhi said that Mr. Modi would resort to “drama and distraction” in the next few days since the election is slipping out of his hands. “Unemployment is the biggest issue and Narendra Modi ji had promised you [the youth] two crores jobs every year. He lied, instead announced demonestisation and implemented a flawed GST but did everything for the benefit of people like Adani,” Mr. Gandhi said in his video Earlier, Mr. Gandhi asked whether Mr. Modi was speaking from his “personal experience” about money being sent by businessmen, after the Prime Minister first levelled the allegations against the Congress leader. In another statement, Congress leader Jairam Ramesh also accused the Modi government of draining wealth from ordinary Indians to crony corporates. Loans to households have increased from ₹7 lakh crore to ₹14 lakh crore in last three years and in September 2023, the Reserve Bank of India (RBI) bulletin showed India’s net financial savings at just 5.1% of the GDP, he said. P. Chidambaram, another Congress leader, also jumped in and took to X to highlight the Congress manifesto’s promise on the economy to support the private sector and every kind of enterprise -- large, medium, small, and micro. The next four phases of the [general election]( will be on May 13, 20, 25, and June 1. Counting is scheduled for June 4. The Hindu’s Editorial [Arrow][Turmoil and test: On Haryana politics Â]( [Arrow][Bipartisan rescue: On the U.S. House of Representatives and U.S. politics]( The Hindu’s Daily News Quiz Who is the leader of Jannayak Janta Party? - Dushyant Chautala - Nayab Singh Saini - Bhupinder Singh Hooda - Manohar Lal Khattar To know the answer and to play the full quiz, click [here](. 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