American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

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
Russian opposition leader Alexey Navalny dies in jail, prison service says
next post
Greece legalizes same-sex marriage in a first for an Orthodox Christian country

Related Posts

Mysterious symbols found near footprints shed light on...

April 13, 2024

Is Europe ready for 2025’s economic reality check?

December 19, 2024

Trump’s tariff threat looms over India’s Russian oil...

August 4, 2025

Can betting markets accurately predict the 2024 US...

November 3, 2024

Date set for largest democratic election in human...

March 17, 2024

Palantir co-founder: US must prevent Iranian nukes

June 22, 2025

How US gun culture stacks up with the...

February 16, 2024

‘Tomorrow, I kill you:’ Rescued hostage details psychological...

July 13, 2024

Black Sabbath’s farewell show to deliver £20M economic...

July 6, 2025

Is India’s economy falling behind? Here’s what the...

December 3, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.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 americaninvesthub.com | All Rights Reserved