'PM needs Rs 3.6L cr from RBI to fix economy'

NEW DELHI: Congress president Rahul Gandhi on Tuesday attacked Prime Minister Narendra Modi over a media record which claimed the government is looking for Rs 3.6 lakh crore from the Reserve Bank of India (RBI), alleging that he wishes the volume to fix the "mess his genius economic theories" have created.

Gandhi additionally instructed Reserve Bank governor Urjit Patel to "stand up" to the high minister and "protect the nation".

There was once no fast reaction on the rate made via Gandhi.

"Rs 36,00,00,00,00,000. That's how much the PM needs from the RBI to fix the mess his genius economic theories have created. Stand up to him Mr Patel. Protect the nation," he tweeted and in addition posted the media record.

The record claimed that on the heart of the RBI-government standoff was once a suggestion via the finance ministry in quest of to transfer a surplus of Rs 3.6 lakh crore, greater than a third of the overall Rs 9.59 lakh crore reserves of the central bank, to the government.

While Gandhi has accused the government of "destroying" establishments with its alleged strong arm tactics, the differences between the Modi government and the RBI got here out in public domain after a deputy governor raised concerns about the central bank's autonomy and warned that the governments that did not admire the central bank's independence would at some point incur the wrath of financial markets.
'PM needs Rs 3.6L cr from RBI to fix economy' 'PM needs Rs 3.6L cr from RBI to fix economy' Reviewed by Kailash on November 06, 2018 Rating: 5
Powered by Blogger.