Congress leader Rahul Gandhi held a press conference in New Delhi, where he called out Prime Minister Narendra Modi and Home Minister Amit Shah for offering contradictory statements on the stock market. Mr. Gandhi highlighted their statements from May 13 and May 19, where Mr. Shah advised people to buy stocks before June 4, and Mr. Modi predicted the stock market would break records on May 19 and May 29. He also mentioned the media's release of fake exit polls on June 1, questioning the government's credibility.
Rahul Gandhi Slams Modi and Shah for Contradictory Statements on Stock Market
Congress leader Rahul Gandhi held a press conference in New Delhi on June 2, where he criticized Prime Minister Narendra Modi and Home Minister Amit Shah for making contradictory statements regarding the stock market.
Background:
In May, the Indian stock market witnessed sharp fluctuations, with Sensex and Nifty reaching record highs, followed by sudden declines. These market movements have drawn attention and raised concerns among investors and the public.
Rahul Gandhi's Allegations:
Gandhi highlighted two specific statements made by Shah and Modi regarding the stock market:
Gandhi questioned the credibility of these statements, pointing out that the market did not perform as anticipated, leading to losses for many investors. He also accused the government of releasing fake exit polls on June 1, which he claimed were intended to boost the market and benefit traders.
Government Response:
The government has not yet officially responded to Gandhi's allegations. However, Finance Minister Nirmala Sitharaman has previously stated that market fluctuations are a normal part of the economy and that investors should make informed decisions.
Top 5 FAQs and Answers:
Conclusion:
Rahul Gandhi's allegations have sparked a debate about the credibility of government statements and the regulation of the stock market in India. The government is under pressure to respond to these concerns and ensure investor confidence in the market. The outcome of this situation remains to be seen.
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