New Delhi: In a press conference held on Thursday, Congress leader Rahul Gandhi leveled serious accusations regarding the sudden downturn in the stock market on June 4. Gandhi claimed that both the Prime Minister and the Home Minister had previously indicated positive trends in the market, urging people to invest. He alleged that this was followed by a significant drop in stock prices, resulting in massive losses for retail investors.
Gandhi pointed out that Home Minister Amit Shah had encouraged people to buy shares before June 4, coinciding with the release of exit polls on June 1. The BJP's internal survey predicting 220 seats and intelligence reports suggesting a similar range for the government further fueled optimism. However, the stock market shattered records on June 3 only to plummet the following day. Gandhi insinuated that certain individuals with prior knowledge of the impending market downturn may have capitalized on the situation, resulting in losses worth trillions.
The Congress leader hinted at a broader agenda during his upcoming press conference at the party headquarters, possibly extending invitations to other parties to collaborate on government formation. Additionally, the Congress Working Committee (CWC) meeting scheduled for June 8, under the leadership of Mallikarjun Kharge, is expected to discuss key issues, including the appointment of the Leader of Opposition in the Lok Sabha. Kharge emphasized the commitment of the opposition alliance to counter what they perceive as authoritarian tendencies and to act decisively when required.
Reflecting on recent political developments, Kharge noted the substantial support garnered by the opposition alliance, signaling a mandate against the policies of the BJP government. With INDIA securing 234 seats in the Lok Sabha elections, alliances are crucial to securing the requisite majority of 272 MPs. Leaders are actively engaging with key figures like Chandrababu Naidu and Nitish Kumar, whose respective parties, TDP and JDU, hold significant sway in the post-election political landscape.
Despite the BJP's electoral success, securing 240 seats in the Lok Sabha, it falls short of a majority. The NDA, however, crosses the threshold with 293 seats, thanks to the support of 14 allied parties contributing 53 MPs. Notably, TDP and JDU emerge as pivotal allies, with 16 and 12 seats respectively, underscoring their importance in potential government formation discussions.
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