Stolen bandaid on a gunshot wound Rahul

first_imgNew Delhi: The Congress on Tuesday accused the government of pushing the economy towards bankruptcy and an economic emergency and termed the decision of taking Rs 1.76 lakh crore from the Reserve Bank of India as “catastrophic”. Several Congress leaders, including Rahul Gandhi and Anand Sharma, mounted the attack against the move, a day after the RBI approved the transfer of a whopping Rs 1.76 lakh crore dividend and surplus reserves to the government to provide fresh impetus to the economy without widening the fiscal deficit. Also Read – India gets first tranche of Swiss bank a/c details”When you strip the RBI of its reserves you’re leaving the Reserve Bank vulnerable to a series of disasters. The contingency fund is for emergency situations, not to cover up for the government’s economic failures,” the Congress said on its Twitter handle. Rahul Gandhi said Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are “clueless” about solving the “self-created economic disaster” and accused them of “stealing money” from the bank. “Stealing from RBI won’t work — it’s like stealing a Band-Aid from the dispensary and sticking it on a gunshot wound,” he said, using the hashtag “RBILooted”. Sharma demanded a white paper from the government on the state of the Indian economy within a week. Meanwhile, CPI(M) general secretary Sitaram Yechury alleged that the government had “appropriated” 99 percent of the profits of India’s central banking institution since 2014.last_img

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