New Delhi: The Congress on Thursday claimed the Modi government is in "panic mode" and "under siege" from within its ecosystem on the current economic situation, asserting that the real problem is that private corporate investment is very tepid within the country.
Congress leader Jairam Ramesh cited a media channel claim that the Centre is planning to issue an ordinance amending the Income Tax Act to completely eliminate the 12.5% long-term capital gains tax on investments made by foreign portfolio investors (FPIs) in Indian government securities, as he attacked the government.
