No Confidence Motion by Sensex on Narendra Modi's Budget: Rahul Gandhi attacks PM
New Delhi, Feb 3 (IBNS): Congress supremo Rahul Gandhi has attacked Prime Minister Narendra Modi over his Union Budget and said the stock market has given a "no confidence motion" against it.
Gandhi made the remark after the Sensex dropped by over 800 points on Friday.
Gandhi also used the hashtag #BasEkAurSaal.
It signified that only one more year is left for the end of Prime Minister Narendra Modi and his government's tenure.
Lok Sabha election is scheduled to be held next year.
"
In Parliamentary language, the Sensex just placed a solid 800 point No Confidence Motion against Modi's budget. #BasEkAurSaal
— Office of RG (@OfficeOfRG) February 2, 2018
In Parliamentary language, the Sensex just placed a solid 800 point No Confidence Motion against Modi's budget. #BasEkAurSaal," Gandhi tweeted.
On Thursday, Gandhi had attacked Modi and alleged that the BJP-led government did not give jobs to people of the nation and kept making promises to youth and 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 ," Gandhi tweeted.
4 years gone; still promising FARMERS a fair price.
— Office of RG (@OfficeOfRG) February 1, 2018
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
Union Finance Minister Arun Jaitley presented the budget on Thursday.
A day after the Union Budget, the Indian benchmark indices plunged to fresh lows, posting its fifth-most steep fall in the past ten years on Friday.
Sharp selloff in financials stocks midcaps and smallcaps largely led to the decline, media reported.
BSE Sensex was down 839.91 points at 35066.75, and NSE Nifty was down 256.30 points at 10760.60 on Friday.
Top gainers included Tech Mahindra, HCL Tech, TCS, HUL, Wipro and ITC while BHEL, Bajaj Finance, Tata Power, Bajaj Auto, UltraTechCement, Bharti Airtel, Maruti Suzuki and Axis Bank were some of the key stocks that declined.
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