Where Rs.1.76 lakh cr gone! ‘PM & FM clueless about solving their self created economic disaster : Rahul

Attacking Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman on the Reserve Bank of India transferring Rs 1.76 lakh crore of its reserves to the government, Congress leader Rahul Gandhi on Tuesday said the PM and FM were clueless about ‘how to solve their self created economic disaster’.

In a post on social media, Gandhi said, ‘PM & FM are clueless about how to solve their self created economic disaster. Stealing from RBI won’t work – it’s like stealing a Band-Aid from the dispensary & sticking it on a gunshot wound.’ He ended his tweet with a hashtag ‘RBI Looted’.

Reserve Bank of India (RBI) on Monday decided to transfer a record Rs 1,23,414 crore of its surplus to the central government for the fiscal year 2018-19 and an additional Rs 52,637 crore of excess provisions as recommended by the Bimal Jalan committee on Economic Capital Framework (ECF).

Attacking the government on the issue, AICC media in charge Randeep Singh Surjewala said, ‘Is it a sheer coincidence that the Rs 1.76 lakh crore borrowed by RBI matches with the ‘missing’ amount in the budget calculations?

Is this fiscal prudence or fiscal hara-kiri? ‘ He wondered if this amount would be used to save BJP’s crony friends? ‘Will this Rs 1.76 lakh crore be used to save BJP’s crony friends?

Modi 2.0 has converted the ‘R’ in RBI from ‘Reserve’ to ‘Ravaged’!  Contingency Reserve of RBI meant for extreme financial emergencies & war-like situations is being used by BJP Govt to bury its monumental mess on economic front!
BJP has finished RBI’s credibility!’  (UNI)