NEW DELHI: Warning of sharp inflation in the coming weeks, Congress’ Rahul Gandhi on Saturday said the Modi govt will hike the prices of petrol, diesel and LPG after the coming assembly elections, as he accused BJP of lacking strategy and direction to manage the country’s economy. Congress also accused the Modi govt of “moral cowardice” and “betrayal of civilisational values” for its “failure to condemn” the US-Israel attack on Iran.In a post on X, Rahul said the weakening of the rupee, which is “heading towards 100” against the dollar, and a sharp rise in industrial fuel prices are signs of looming inflation.”Govt may call it ‘normal’, but the reality is: Production and transport will become more expensive, MSMEs will be hit the hardest, prices of everyday items will go up, and FII money will flow out even faster, putting more pressure on the stock market.
Israel Iran War
In other words, it’s certain to have a direct and deep impact on every family’s pocket,” he said.Meanwhile, with the war in West Asia completing 21 days, Congress spokesperson Jairam Ramesh said, “PM Modi has not been able to use his much-vaunted friendship with US President Trump and Israeli PM Benjamin Netanyahu to bring about a ceasefire.”He said, “Has the Modi govt condemned or criticised or deplored the brutal efforts of the US and Israel to force a regime change and state collapse that could lead to civil war in Iran? The answer is no.”
