Stock market has given a “no confidence motion” against PM Modi’s budget: Rahul Gandhi

no confidence

Taking a dig at Prime Minister Narendra Modi over the Union Budget 2018, Congress President Rahul Gandhi on Friday said the stock market has given a “no confidence motion” against it, after the Sensex fell by over 800 points.

“In Parliamentary language, the Sensex just placed a solid 800 point No Confidence Motion against Modi’s budget. #BasEkAurSaal,” Gandhi tweeted.

The hashtag #BasEkAurSaal was trending at number one yesterday on social media platform Twitter.

On February 1, Gandhi alleged that in four years, Narendra Modi-led NDA Government had failed to create any employment and give any relief to farmers.

“4 years gone; still promising FARMERS a fair price. 4 years gone; FANCY SCHEMES, with NO matching budgets. 4 years gone; no JOBS for our YOUTH. Thankfully, only 1 more year to go. #Budget2018,” he tweeted.

Benchmark equity index BSE Sensex suffered the worst in more than two years today as the Budget proposals on taxing equities hurt investor sentiment.

The index slipped by 840 points — its biggest single-day slump since August 24, 2015 — while the broader NSE Nifty 50 tanked over 250 points to finish below the 10,800- mark.

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