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The Billionaire Raj

PM Modi's 'billionaire raj' more unequal than British Raj, says Congress

The Congress on Thursday latched on to a new rich list to attack the Centre, alleging that Prime Minister Narendra Modi's "billionaire raj" is more unequal than even the British Raj and it is also the cornerstone of the government's economic policy-making. Congress general secretary in-charge communications Jairam Ramesh shared on X a media report which cited the Hurun India Rich List to state that India created a new billionaire every five days throughout 2023. "India has had one billionaire for every five days in 2023, and the non-biological Prime Minister's closest friend is the foremost among them all," Ramesh said on X. "Modi's Billionaire Raj is more unequal than even the British Raj. But it is also the cornerstone of the government's economic policy-making," he alleged. This is why, at a time when countries across the world are coalescing around the idea of a global billionaire tax, the Indian government has been conspicuously silent and continues to remain blind to rapidly

PM Modi's 'billionaire raj' more unequal than British Raj, says Congress
Updated On : 29 Aug 2024 | 6:37 PM IST

Inequality in India: Upper castes hold nearly 90% of billionaire wealth

The recent report from the World Inequality Lab noted that the top 1% of the country's population now commands more than 40 per cent of India's total wealth

Inequality in India: Upper castes hold nearly 90% of billionaire wealth
Updated On : 27 Jun 2024 | 12:15 PM IST

Nehruvian legacy ensures people cannot determine electoral outcomes: Cong

The Congress on Friday said whether the Adani issue sparks a democratic revival in the country depends entirely on the grand old party and other opposition parties, and it has nothing to do with billionaire investor George Soros. The party's remarks after Soros said the turmoil engulfing Gautam Adani's business empire may open the door to a democratic revival in the country. "Whether the 'PM-linked Adani scam' sparks a democratic revival in India depends entirely on the Congress, Opposition parties and our electoral process. It has nothing to do with George Soros," Congress general secretary Jairam Ramesh said on Twitter. "Our Nehruvian legacy ensures people like Soros cannot determine our electoral outcomes," he also said. The BJP has, however, hit out at Soros saying the investor has attacked not only Prime Minister Narendra Modi but also India. The Congress has been demanding a JPC probe into the allegations against the Adani Group by US-based short-seller Hindenburg Research.

Nehruvian legacy ensures people cannot determine electoral outcomes: Cong
Updated On : 17 Feb 2023 | 2:22 PM IST

The Billionaire Raj: Cricket to elections, how money has changed everything

Most books of this kind have an overarching theme but perhaps India is too complex for a single theme to dominate a book that is full of so many disparate experiences

The Billionaire Raj: Cricket to elections, how money has changed everything
Updated On : 03 Aug 2018 | 10:38 PM IST