Logo

Logo

Rahul Gandhi slams RBI’s move to transfer Rs 1.76 lakh crore to Govt

Rahul Gandhi tweeted, “PM and FM are clueless about how to solve their self created economic disaster.”

Rahul Gandhi slams RBI’s move to transfer Rs 1.76 lakh crore to Govt

Congress leader Rahul Gandhi. (File Photo: IANS)

Former Congress president Rahul Gandhi on Tuesday slammed the government on the Reserve Bank of India’s move to transfer Rs 1.76 lakh crore in dividend and surplus reserves to the Centre.

The Reserve Bank of India (RBI) on Monday approved Rs. 1.76 lakh crore payout to the government on the recommendation of an expert committee chaired by former Governor Bimal Jalan.

Rahul Gandhi tweeted, “PM and FM are clueless about how to solve their self created economic disaster.”

Advertisement

He further said, “Stealing from RBI won’t work – it’s like stealing a Band-Aid from the dispensary and sticking it on a gunshot wound.”

Randeep Singh Surjewala, Congress’ media chief called the move a “fiscal harakiri.”

He also wondered if it was a coincidence that the Rs 1.76 lakh crore borrowed by the RBI matches with the “missing amount” in the budget calculations.

He further suggested that the money was to “save BJP’s crony friends”. The Congress leader also attached a media report on “the mystery of the ‘missing’ Rs 1.7 Lakh Crore in India’s budget”.

Party spokesperson Abhishek Manu Singhvi tweeted, “1.76 lac crore of surplus revenue of RBI to be transferred to stimulate the economy or 1.76 Lac Crore of surplus of the RBI taken because the same has already been spent by the government and the Bimal Jalan committee was merely a rubber stamp?”

Congress spokesperson Sanjay Jha  also tweeted, “Robbed Bank of India: RBI.”

The Bharatiya Janata Party (BJP) has not reacted to the allegations so far.

The RBI’s board transfer includes Rs 1.23 lakh crore as dividend and Rs 52,640 crore from its surplus capital. The dividend payment includes Rs 28,000 crore which is already been transferred to the government in February.

The transfer comes at a time when India is facing a five-year low economic growth, reports of huge job losses in the auto industry and less consumer spending.

Advertisement