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    Europe emerges top destination for India's electric car shipments in Q1
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August 16, 2026
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Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
August 16, 2026
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LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
August 16, 2026
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Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
August 15, 2026
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Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
August 15, 2026
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Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
August 15, 2026
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Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
August 15, 2026
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Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
August 15, 2026
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Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
August 15, 2026
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Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
August 15, 2026
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Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
August 14, 2026
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Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
August 14, 2026
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Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
August 14, 2026
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Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
August 14, 2026
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Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
August 14, 2026
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Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
August 14, 2026
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Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
August 14, 2026
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International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
August 14, 2026
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Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
August 14, 2026
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International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
August 14, 2026
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Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.

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PMLA / Black Money

I am a liberal constitutional democrat, not an RSS man: Oppn VP candidate Sudershan Reddy

August 23, 2025

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New Delhi, Aug 23 (PTI) The Opposition's candidate for the vice presidential election, B Sudershan Reddy said it was not a contest between two individuals but two ideologies, asserting that while his opponent is a quintessential RSS man, he is "far, far away" from it.

"I am essentially a liberal constitutional democrat. This is the area, or rather the arena, for the contest where the fight goes on," he said.

Honoured to be fielded as the joint candidate of a rainbow of opposition parties, he said his candidature was a unanimous choice that signalled diversity and represented more than 63-64 per cent of the country's population in terms of voting strength.

He also said that it was the Congress that initially proposed his name for the vice president's poll, but later the INDIA bloc parties and other opposition parties extended their support to his candidature, which was an honour for him.

Starting his campaign on Friday with a meeting with AAP supremo Arvind Kejriwal, Reddy said he would be travelling to Chennai on Sunday and then to other parties of the country to meet all the MPs of different parties to seek their vote in his support for the September 9 vice presidential election.

Excerpts from the PTI Exclusive interview: Q. You are the first former judge of the Supreme Court to contest the vice-presidential election. How did your candidature come about and which opposition parties made the offer? A. The first move in this regard came from the INDIA alliance. But since you are asking the party's name - which party first proposed or contacted you in this regard - it was the Congress party.

Q. Was it an easy decision to make or did you have any doubts given the numbers in the electoral college are heavily stacked against the Opposition? A. No, how I thought about the whole issue is this. When the proposal came from the Congress party, I said it may be difficult for me to become a candidate of the Congress party as such. If the INDIA alliance considers it appropriate to accept my candidature, then only I will be a candidate on behalf of the INDIA alliance.

So what was the motivation? There is nothing like motivation (for me to contest the VP polls).

My journey began in 1971 when I was enrolled as a member of the Bar Council. Ever since, I have been associated with the functioning of the Constitution, its values, and its conventions. Right from the day I started practice -- and it continues till today -- I consider my journey to be the same; ultimately culminating in, if given an opportunity, to protect and defend the Constitution.

Hitherto, I was upholding the Constitution and that is the oath administered to a judge. And there are only three offices in this country that prescribe both mandates, that they have to protect and defend the Constitution – the highest office of the Republic of India, the president of India; vice president of India; and the governors at the state level. So this journey is nothing new to me.

Q. It has been argued that top constitutional posts should be filled by consensus to reflect national unity. So what are your views on this? A. I wish there could have been a consensus. But you know the polity as it stands is a fractured one. In such circumstances, perhaps it was inevitable, leading to this contest.

Q. How would you describe the current state of democracy and the government-Opposition ties? You know, currently we see a lot of strain.

A. Earlier, we used to talk about a deficit economy. There is a deficit in democracy. I do not say that India is no more a democratic country. I don't subscribe to that. We still continue to be a constitutional democracy, but under strain.

Q. And about the government-opposition ties? A. I wish it could have been better. Instead of reducing the discourse to the level we see today, it could have been better. Earlier, opposition parties and the party in power used to coordinate on many national issues. Unfortunately, we don't find that today.

Q. You have said that this election is not about one individual, but about the idea of India. Can you elaborate on this? A. Yes. Certainly not about a contest between me and Shri Radhakrishnan ji (NDA's VP candidate). It is a contest representing two different ideologies.

One, which the other side themselves are propagating, that here is a quintessential RSS man. Therefore, the country should elect him as the vice president. So far as I am concerned, I do not subscribe to that ideology and I am far, far, far, far away from it. I am essentially a liberal constitutional democrat. This is the area or rather the arena, for the contest where the fight goes on.

Q. The vice president is also the chairman of the Rajya Sabha and you have talked about your commitment to decorum and dialogue. What do you have to say on the politics of disruptions that is emerging as a regular feature now in Parliament? A. You see, the difficulty is this. Somebody, an eminent journalist, asked my friend Shri Arun Jaitley when they were frequently disturbing the Rajya Sabha. The views expressed by (Jaitley) the departed soul who is not amongst us today were that -- disruption also is a legitimate political activity and a parliamentary practice. Whether a particular disruption at a particular point in time was correct or not is a different matter. But disruptions do take place.

Disruption is nothing but one form of dissent. If you are not allowed to speak or express your views, this is one form of speaking. That's how I look at the disruption. Not that I wish that disruption should become an essential and integral part of the democratic process.

Q. Opposition parties have unanimously chosen you as their joint candidate for the second-highest constitutional position in the country. So, what factors weighed in your favour that make you stand out? A. I feel greatly honoured when I look at the rainbow of the political parties unanimously agreeing on my name and sponsoring my candidature. But, there was nothing surprising as such. All of them knew my work. All of them have watched me for quite some time. They must have used their discretion and thought it fit that I should be their candidate. And I feel greatly honoured for more than one reason.

First, it represents diversity. Secondly, the unanimous choice. Thirdly, in terms of voting strength, if you make an analysis, they represent more than 63-64 per cent of the population. What else could be an honour? Q. So now that you are in the contest, you are also coming under attack. Just yesterday, Home Minister Amit Shah accused you of "supporting" Naxalism. He has also cited your judgment on Salwa Juddam, saying that had it not been there, left-wing extremism would have ended by 2020.

A. I do not wish to join an issue directly with the honourable home minister of India, whose constitutional duty and obligation is to protect the life, liberty and property of every citizen, irrespective of ideological differences. Secondly, I have authored the judgment. The judgment is not mine, the judgment is of the Supreme Court.

There was another judge sitting with me. And repeated attempts were made to get it overruled. But it didn't happen. On the merits of the judgement, I would not speak because I am trained by my peers that one should not speak about the greatness of one's own judgement. It is for the people to judge. It is not my personal document.

I wish the honourable home minister could have himself read the whole judgement instead of getting briefed by, I do not know, hopefully he would not have that much time to read the judgement, which runs into about 40 pages. If he would have read the judgment, perhaps he would not have made that comment. That's all I say and leave it there.

Q. So you don't want to disturb the decorum of the debate? A. No. There must be decency in the debate.

Q. What do you have to say about your opponent who has been a governor and a politician in the past, unlike you? A. Perhaps he was discharging his constitutional duties and obligations to the best of his ability, about which I have no comment to make.

Q. The vice president's election you are contesting was necessitated due to the sudden resignation of Mr Jagdeep Dhankar. So what do you feel about the circumstances in which he put in his papers? A. Jagdeep Dhankar ji himself is a senior lawyer and a veteran of many battles. It may be appropriate for him to disclose the reasons why he has to leave the office all of a sudden. I do not wish to indulge in any guesswork.

Q. You always held the Constitution close to yourself. What do you feel about the tirade launched by the opposition against the government on the Constitution? Is it under serious threat? A. You can't just read the Articles of the Constitution and say that no Article is under threat. The Constitution is an integral one. Constitution means constitutional conventions, Constitution means constitutional morality. There are various steps taken by the government in power, making one feel legitimately that it is coming under challenge.

Therefore, the debate that is going on in the country about whether the Constitution is under attack is a welcome debate, where everyone should participate and express their opinion.

Q. Your take on the recent controversy about the words 'socialist' and 'secular' in the Preamble. The RSS and some leaders of the BJP have questioned the formulations introduced under late Indira Gandhi.

A. Those "somebody" -- I would not say anything -- are not quiet even today. Even after the decision by the Supreme Court of India. According to me, the 'socialist' and 'secular' expressions used in the Preamble of the Constitution have made things explicit, which is otherwise in-built in the provisions of the Constitution.

You talk about equality - Article 14. If it is not secular, then what is equality? You talk about fraternity, one of the most important values, according to me. What would be the fraternity without secularism? And, without the expression socialism, what is the equality we are talking about? Both the words, which make explicit the ideas contained in the Constitution, are welcome. It is true that the amendment came, i.e. the 42nd Amendment, when the Emergency was invoked. But, one must remember, the next government that came into power, that is the Janata government consisting of various political parties, including the present BJP, which was the Jana Sangh at that time, had unanimously approved it.

Therefore, one fails to understand with what intention the debate is being triggered.

Q. You headed a panel to assess the merits of the caste survey in Telangana. Why is there a need for a caste survey? Many also argue that a caste census will further fragment our already fractured society and deepen fault lines.

A. The people who advance that argument which you are now advancing before me have fallen in line and realised the importance of the caste survey. Please tell me, how do you identify the backward classes? Because the Constitution doesn't speak about caste. If you have to classify a group, together with some people, as the backward classes, you have to find out their caste, their socio-economic conditions, their way of living, their access to power and the way they are recognised by society. A caste survey has to be done.

Now, the Government of India, which intends to conduct the Census have announced that yes, in this Census, caste surveys also will be there. We have to find out, isn't it, how many Scheduled Castes people are there? How do we fix the reservations? I won't reveal the data which we have analysed in the expert group headed by me.

But, one thing I can share with you about my own state, Telangana, 84.6 per cent people belong to the weaker sections of the society.

So, how do you propose to frame your social and economic policies? How do you empower them? How do you make them feel that they are equal citizens of this country? Not that by giving some dole or some temporary succour would meet the impending challenge which many people don't realise. Their empowerment is mandated by the provisions of the Constitution. Therefore, you have to find out their strengths and frame your socio-economic policies accordingly.

Q. This contest for the vice president's post has emerged as a South vs South battle. You know, with both you and your opponent hailing from Telangana and Tamil Nadu, the politics of southern states are at play. Both sides have played up the regional identities.

A. At least in this area, I would borrow the idea from the other side. I don't say my opponents are from the other side. That India is one. India is one nation. There is only one citizenship. No citizenship for South India and no citizenship for North India and another for the Northeast.

Therefore, this dialogue, it (the contest) is between South and North, I don't think we should entertain that debate at all. The other candidate, Shri Radhakrishnan ji, is an eminent citizen of this country. I am also a citizen, and I do not know whether I am eminent or not. But I am also a citizen of this country. Both of them are competing for an office. That's all. Nothing more, nothing less.

Q. Would you also be seeking the support of some independent parties who have not yet supported your candidature? A. I will definitely be seeking it. Not only the parties, I will be seeking the support of every parliamentarian, whether they belong to NDA, whether they belong to India, whether they have their own regional outfits, because ultimately the electoral college consists of the Parliamentarians, honourable members of the Parliament, not the political parties. I intend to appeal in writing to every member of the Parliament to exercise their discretion and accordingly exercise their franchise.

Q. You have given several landmark judgments, including the one criticising the former Union government for showing slackness in probing black money cases. And you also set up an SIT to bring back black money stashed abroad. But nothing has happened yet. So, how important is it to bring that black money back? A. The work is still in progress... It is important. A substantial section of the nation's wealth moved out of the country through various means and mechanisms. That has to be brought back. It is our money, your money, my money and the nation's wealth.

Unless somebody tells us, you and me, that there is no black economy, there is no black money, nothing moved from the country. It is the other side who are holding that judgment in their hands in the election campaign to implement the judgment. None other than the veteran great warrior LK Advani ji - he was holding it in his hand. He underwent a country-wide yatra also on this, with the judgment in his hand.

And after my retirement, there was an occasion to interact with him. He never raised and asked me any question about Salwa Judum. But said - "I appreciate the effort made by the Supreme Court, not by me, to unearth black money".

Q. Recent years have also seen Mahatma Gandhi versus Ambedkar, Ambedkar versus Nehru narratives. Your comments on it.

A. My comment is, if you read superficially Gandhi and Ambedkar and Nehru, some misconceptions and misunderstanding come to mind, as if they were at loggerheads and they differed radically in their views. No.

All three of them were great democrats, republicans and believed in the ethics and morals of the Constitution. I do not think it would be in the interest of the nation to divide them into three segments. And one supporting and the other opposing and creating a false narrative is not in the nation's interest.

Q. Since you are contesting the election and the campaign is an important part of elections, what would be your message to the electorate and to the country in this election? A. Well, all through my life, I said I was upholding the Constitution. If you give me an opportunity to serve this country, I will try to defend and protect the Constitution of India, which undoubtedly is coming under challenge.

The message is, there is still the possibility of a reasonably good and healthy debate amongst ourselves in this country. We talk to so many foreign countries, we discuss with them. Sometimes we declare a particular country to be an enemy country, we still have diplomatic relations. We still exchange notes. So what is the problem? Why you and I cannot talk daily, every day? Democracy is nothing but interaction, a clash of ideas, not individuals. That would be my message. PTI SKC SKY SKY

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