Specifically, 3 major challenges to Congress, AAP, or any National or Regional Political Parties facing today are the below 3 narratives of BJP:
- Hindutva
- Hyper Nationalism
- Welfare schemes with RSS and Right-wing backed massive outreach
Thus, everything looked in favor of the BJP-led PM Modi government in its 9th consecutive year in power, and all of a sudden, the Adani controversy erupted. The BJP finds it extremely hard to answer the questions of the opposition, especially the people of India, who have lost Billions of rupees.
The Parliament of India was adjourned for a third day today as the entire opposition strived to draw attention to what they describe as the close ties between PM Narendra Modi and Gautam Adani - Adani Group Chairman, who was India's richest person until a few days ago.
Adani group companies witnessed a sharp fall after US short-seller Hindenburg Research blamed the Adani Group for widespread fraud and stock market manipulation. The market value of the group has almost halved since Hindenburg's allegations, which Adani group denied.
India's main opposition INC party staged protests on Monday in front of the offices of the Life Insurance Corporation (LIC) - a big state-owned insurance company and State Bank of India (SBI) - the country's most prominent state-owned bank over the exposure to the Adani's companies
which highlights the risks to millions of small investors as these state-owned firmed had a considerable shareholding of the Adani group.
Gautam Adani and PM Modi are believed to be close to each other, and Gautam Adani has often aligned his business plans with the PM's growth strategy for India. Indeed, it is a major incident that has shaken not only the business community and the Indian stock market. But, it has given a major hit to the millions of investors and traders community, and people look towards PM Modi for answers and are keen to know his ties with Adani or to clear the air on this controversy.
"Amid the allegations against the Adani Group, the Modi government has maintained a loud silence which smacks of collusion," Congress general secretary Jairam Ramesh said in a statement over the weekend. Telangana CM KCR urged PM Modi to investigate the Adani crisis and said - It is my request to PM Modi that Adani Group is involved in such a big scam, and it should be discussed in joint parliamentary committee (JCP).
