December 28:1885 – Indian National Congress a political party of India is founded in Bombay, British India.

Indian National Congress

The Indian National Congress (abbreviated INC, and commonly known as the Congress) is one of the two major political parties in India, the other being the Bharatiya Janata Party (BJP). It is the largest and one of the oldest democratic political parties in the world. The party's modern liberal platform is largely considered center-left in the Indian political spectrum. Founded in 1885 by members of the occultist movement Theosophical SocietyAllan Octavian Hume, Dadabhai Naoroji, Dinshaw Wacha, Womesh Chandra Bonnerjee, Surendranath Banerjee, Monomohun Ghose, Mahadev Govind Ranadeand William Wedderburn—the Indian National Congress became the leader of the Indian Independence Movement, with over 15 million members and over 70 million participants in its struggle against British rule in India. After independence in 1947, it became the nation's dominant political party, led by the Nehru-Gandhi family for the most part; major challenges for party leadership have only recently formed.
In the 2009 general elections, the Congress emerged as the single largest party in the Lok Sabha, with 205 of its candidates getting elected to the 543-member house. Consequently it, along with a coalition of allies called the United Progressive Alliance (UPA), was able to gain a majority and form the government.

 

Ideology and policies

Historically, the party has favored farmers, laborers, labor unions, and religious and ethnic minorities; it has opposed unregulated business and finance, and favored progressive income taxes. However, in recent years the party had adopted centrist economic and social democratic agenda. Today, the INC advocates neo-liberal policies which includes populism, social liberalism, secularism and free enterprise system with government regulations such as public–private partnership (PPP) model. Though it strongly believes in eradicating poverty, illiteracy and strongly supports the weaker section of the society.

Social policy

Social policy of the INC is based on Gandhian concept of Sarvodaya (upliftment of all sections of the society.) In particular INC gives special emphasis on the welfare of the economically and socially disadvantaged sections of the society. This includes "affirmative action" reservations for weaker sections of the society in education and employment, emphasis on employment generation for rural population (through schemes such as National Rural Employment Generation Scheme) etc. The party supports family planning with birth control but opposes elective abortion, in particular sex selective abortions and late term abortions.

Economic policy

Traditionally, Economic policy of the INC emphasized on the importance of the public sector aimed at establishing a "socialistic pattern of society". However, since the economic liberalizations initiated by Dr. Manmohan Singh, the then Finance Minister in the early 1990s, the economic policy of INC has been changed somewhat and it is now adopted free market policies, though at the same time it is in favour of taking a cautious approach in proceeding with liberalization to ensure that the weaker sections are not affected too hard by the liberalization process.

Foreign policy

Traditionally, nonalignment has been the bedrock of the foreign policy of the INC.