Soaring gold prices a reflection of corruption under BJP, alleges Akhilesh Yadav
Lucknow (PTI): Samajwadi Party president Akhilesh Yadav on Wednesday hit out at the BJP over the sharp rise in gold prices, alleging that the surge was not due to public demand but because of the ruling party leaders converting their “liquid black money into solid gold”.
In a post on X, Yadav said gold prices breaking all records and touching Rs 1.20 lakh per 'tola' (10 grams) under the BJP rule was a reflection of corruption and hoarding.
“The reality is that now a poor person cannot even gift a small piece of gold at weddings as a blessing. Forget gold, even silver has gone out of the reach of the poor due to the hoarding of precious metals by BJP leaders,” he alleged.
He said the government’s defence would be that gold prices are determined by international markets and asked why luxury metals continue to see rising demand despite the price surge.
“If this is true, then the government should clarify under which economic rule or principle this is happening,” he said.
He targeted the government, saying, “Does nobody in the BJP government have a drone, telescope or bulldozer to go after the gold hoarders? Perhaps what people are seeing as a ‘double-engine of iron’ has in fact turned into gold from the inside.”
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Former minister C M Ibrahim announces to launch new regional party for Karnataka
Kalaburagi: Two years after being expelled from the Janata Dal (Secular), former minister C.M. Ibrahim has announced that he will launch a new regional political party in Karnataka on January 24, reported Deccan Herald.
Speaking at a meeting organised by the Nava Karnataka Nirmana Andolana in Kalaburagi on Sunday, Ibrahim confirmed the birth of the new party.
The 77-year-old politician stated he would soon be meeting with other like-minded individuals to choose a symbol for the party.
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Ibrahim emphasised that the organisation would be guided by the principles of 12th-century social reformer Basavanna and the architect of the Indian Constitution, Dr. B. R. Ambedkar.
A veteran politician, Ibrahim served as Union Civil Aviation Minister during the tenure of H.D. Deve Gowda as Prime Minister and later headed the Karnataka unit of the Janata Dal (Secular). He was expelled from the JD(S) in 2023 on charges of anti-party activities.
His exit from the party followed sharp differences over the JD(S) decision to ally with the Bharatiya Janata Party (BJP). As the then state president of the JD(S), Ibrahim had publicly criticised the alliance, claiming it was finalised without his knowledge. He had also reportedly convened meetings of his supporters and expressed support for the INDIA bloc.
