New Delhi, June 4 -- Congress leader Jairam Ramesh on Thursday launched a sharp attack on the Centre, alleging that the Modi government is "in panic mode" and is facing pressure from within its own ecosystem over the prevailing economic situation.

In a post on X, Jiaram worte, "The Modi Govt is clearly in panic mode and is under siege from within its ecosystem on the current economic situation."

Citing a television news flash, Ramesh claimed that the government is considering bringing an ordinance to amend the Income Tax Act to completely remove the 12.5 per cent long-term capital gains tax on investments made by Foreign Portfolio Investors (FPIs) in Indian government securities.

"According to a news flash by a TV channel that is plugg...