Adani crisis: BRS MLC K Kavitha seeks joint parliamentary committee probe

She added that Prime Minister Narendra Modi should come forward and clear things for the people.

“They all (the Finance Ministry, RBI, SEBI, and banks that gave loans to Adani) are repeating the mantra of ‘all is well’ even when global newspapers are writing something else. So, a JPC with members from all parties should be constituted,” Kavitha asserted.

The BRS leader also demanded an increase in funds for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS), which saw a sharp decline in the recently-presented Union budget.

‘Crisis situation in the country’

Calling it a situation of crisis in the country, Kavitha aimed criticism at the statement of Sitharaman, who recently said that there would be no impact on the country’s economy even if the share values of Adani’s companies fell.

“Along with Adani, the value of shares of companies such as SBI and LIC has also fallen heavily since 23 January. This means something is wrong. It has caused severe loss to the common man. The ₹3,436 share value of Adani has fallen to ₹1,400 today,” Kavitha said.

Questing the prime minister’s silence, she said, “Modi has a moral responsibility to come forward and explain the Adani fiasco to the people. The whole world knows that Adani has made enormous wealth with the help of Modi.”

Also Read: CPI to stage demonstrations, demand JPC probe into Adani issue

‘If Modi’s budget depresses, KCR’s inspires’

Kavitha expressed happiness over Telangana’s budget of ₹2.9 lakh crore, which was presented by the state Finance Minister Harish Rao on Monday.

రాష్ట్ర బ‌డ్జెట్ 2023-24ను శాసనసభలో శ్రీ @BRSHarish, శాసన మండలిలో శ్రీ @VPR_BRS ప్రవేశపెట్టారు. అంతకుముందు బడ్జెట్ ప్ర‌తుల‌ను శాసనసభ ప్రాంగణంలోని సీఎం ఛాంబర్ లో సీఎం శ్రీ కె. చంద్రశేఖర్ రావుకు మంత్రులు, ఆర్థిక శాఖ స్పెషల్ సీఎస్ శ్రీ రామకృష్ణ రావు అందజేశారు. #TelanganaBudget2023 pic.twitter.com/iGhkExRpqx

— Telangana CMO (@TelanganaCMO) February 6, 2023

“If Modi’s budget depresses the country, KCR’s budget will inspire the country. The budget has been done proportionately and, in the social sector, there are allocations according to the population of the respective groups,” she stated.

Noting that Telangana’s budget could make the rural economy reach up to ₹31,000 crore, she accused the Modi-led Union government of neglecting the rural system.

#TelanganaBudget2023 has once again proven that there can be leaders who work to empower common people, unlike Modi Govt’s ‘budget of the corporates’

Hon’ble CM KCR Garu is an inspiration who showed the way forward for fair distribution of resources.

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— Kavitha Kalvakuntla (@RaoKavitha) February 6, 2023

‘Increase MGNREGS funds’

The MGNREGS, flagged off in 2004 during former prime minister Manmohan Singh’s tenure, guarantees 100 days of wage employment to at least one member of every household engaged in unskilled labour.

Kavitha stated that if the people of India can eat two meals a day, MGNREGS has definitely contributed to it.

It should be noted that during the Union budget presentation on 1 February, Sitharaman announced a sharp ₹13,000 crore cut in the MNREGS funds — from ₹73,000 crore in 2022 to ₹60,000 crore this year.

Even the Samyukt Kisan Morcha, the umbrella body of around 40 farmers’ unions, expressed its disappointment over it.

Also Read: Opposition seeks JPC or SC-monitored probe into Adani crisis