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Pawar seeks all-party meet to discuss situation after PM Modi’s austerity call
Sharad Pawar urged an all-party meeting to discuss the economic and political implications of Prime Minister Modi’s austerity appeal. He called for inclusive consultations, including economic experts and industry representatives, under the PM’s chairmanship. Raj Thackeray criticized the austerity push and questioned public burden amid high crude prices.
Why It Matters
The move indicates a push for cross-party consensus on handling austerity measures amid economic and international tensions, with reactions from major political figures potentially shaping policy direction.
Timeline
3 Events
Raj Thackeray criticizes PM Modi's austerity appeal
May 12, 2026
Maharashtra Navnirman Sena chief Raj Thackeray criticised the austerity appeal, questioning why the public should bear the burden for government mistakes. He noted that crude prices had reached around $90–$100 per barrel in various past periods and questioned why such measures were being urged now. He also criticized the government’s convoy culture and called for accountability for past actions.
Pawar seeks all-party meeting to discuss situation
May 12, 2026
NCP chief Sharad Pawar demanded that the Prime Minister convene an all-party meeting under his own chairmanship to discuss the situation arising from the austerity call. He urged inclusive consultation with leaders from all parties and proposed immediate meetings with renowned economic experts, industry representatives, and other specialists to review the situation and deliberate future policies.
PM Modi calls for austerity measures nationwide
May 10, 2026
Prime Minister Narendra Modi issued a call for austerity measures, urging citizens to cut petrol and diesel consumption, adopt work-from-home options, postpone foreign travel, and temporarily pause gold purchases.