• About us
  • Contact us
  • Our team
  • Terms of Service
Friday, August 8, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

  Govt’s ‘myopic’ policies to blame for India Inc’s refusal to invest, hike wages: Congress

Press Trust of india by Press Trust of india
December 18, 2024
in BUSINESS
A A
0
FacebookTwitterWhatsapp

New Delhi:  The Congress on Wednesday blamed the Central government for corporate India’s “failure” to generate employment and investment, claiming its refusal to invest or increase wages is a direct consequence of the Centre’s “myopic” policy making.

Citing a report, Congress General Secretary Jairam Ramesh claimed that corporate India is choking the middle class and hurting the India growth story by failing to increase wages despite higher profits and paying lower taxes after GST and tax sops in 2019.

Related posts

PM Modi, senior ministers take oath as members of 18th Lok Sabha

India will never compromise on farmers’ interest, ready to pay heavy price: PM

August 8, 2025

No logic behind Trump’s 50 pc tariff; talks continue with US: MEA official

August 8, 2025

“In all fairness to India Inc, these failures are squarely the responsibility of the Union government,” Ramesh said.

“Here is the government’s track record — indiscriminate corporate tax cuts without linking them to employment creation or investment. Introducing a punitive GST regime, with input tax credits only for corporates. Overseeing and enabling the growing oligopolisation of the market. Introducing a CBI/ED/IT Raid Raj to extort donations from the corporate sector to the BJP,” the Congress leader alleged.

Ramesh also claimed government’s failure to stimulate consumption demand by hiking MSP and MGNREGA wages, refusal to provide income support despite mounting evidence of wage stagnation and growing indebtedness among the poor and middle classes, and unwillingness to accept the seriousness of the mass unemployment crisis.

“Without adequate consumption, there is no incentive to invest — especially amid a political economy that is increasingly cronyist and corrupt. And with such massive unemployment, there is no reason to increase wages.

“India Inc’s refusal to invest or increase wages is a direct consequence of the Union government’s myopic policy making,” the Congress leader claimed.

The opposition party has been frequently blaming the government for the state of the economy, where the country is faced with unemployment and slow growth.

Previous Post

Punjab: Train services affected due to farmers’ ‘rail roko’ protest

Next Post

Bharat Mobility Expo set to become world’s largest automotive show soon: EEPC India

Press Trust of india

Press Trust of india

Next Post
Bharat Mobility Expo set to become world’s largest automotive show soon: EEPC India

Bharat Mobility Expo set to become world's largest automotive show soon: EEPC India

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.