New 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.
New Delhi: CPI(M) general secretary Sitaram Yechury, who returned from Srinagar on Friday after the Supreme Court allowed him to go there, said the situation on the ground was “completely contrary” to what the government was saying.Yechury, who went to Srinagar to meet his ailing party colleague Mohammed Yousuf Tarigami, refused to elaborate, saying he would submit a detailed report to the apex court. The Communist Party of India (Marxist) leader, who had filed a habeas corpus petition in the Supreme Court seeking Tarigami to be produced before it, was granted permission to visit the former MLA in Srinagar. The court had, however, said Yechury should not indulge in any kind of political activity during his visit to Srinagar. Tarigami, a four-time former MLA and a Central Committee member of the CPI(M), is under detention in Srinagar since August 5, the day the government abrogated Article 370 of the Constitution, which gave a special status to Jammu and Kashmir, and bifurcated the state into two Union territories — Jammu and Kashmir and Ladakh. Also Read – Uddhav bats for ‘Sena CM'”I visited Tarigami and enquired about his health. I will file an affidavit in court regarding his health condition and also report on what I saw there,” Yechury told reporters here, adding that during the drive from the airport to Tarigami’s house, he saw that the situation on the ground was “completely contrary” to what the BJP-led government was saying. The Left leader said after he landed at the Srinagar airport, he was told by officials that he would have to return the same day, but he convinced them that he could only leave the next day after getting a status report on his colleague’s health condition.