The BRS on Saturday demanded that the Central government should answer why LIC and SBI have such exposure to Adani Group stocks. BRS leader and Telangana Minister KT Rama Rao today posed the question to the NDA government which he sarcastically referred to as non performing alliance (NPA) and even challenged the BJP to go for early elections if they have the guts.
KTR, as Rao is popularly known, took to Twitter to pose his question: “There are serious questions that need to be answered by the NPA government on Hindenburg Report. Why do LIC and SBI have such large exposure Rs77000 crore and Rs 80,000 crore to Adani Group stocks? Who pushed them to do so? Who was aiding and abetting them in this entire episode?”
Earlier in the day, BRS MLC K Kavitha also urged the Union Finance Minister and SEBI chief to initiate recovery measures and answer questions raised over the fall in Adani Group’s stocks and the market.
She tweeted: “The recent fall and fluctuations in the LIC, SBI and market on the whole after the recent report on Adani Group is extremely worrisome. Every Indian deserves an explanation and it is the responsibility of the Indian government to answer all the questions. I request Hon’ble Finance minister Nirmala Sitharaman ji and SEBI chief Madhabi Puri Buch ji to not only initiate recovery measures but also have a conversation with millions of investors and dependent households who have already started facing the brunt.”
Meanwhile, KTR who was on a visit to Nizamabad today, said that since this would be the last full Budget of the Modi government in this tenure he demanded that the Prime Minister must consider all the requests for funds made by the Telangana government and prove his commitment towards Telangana. He said instead of being corporate friendly this government must make this Budget pro poor and pro farmer. He also challenged the BJP to go for early elections if they have the guts and the BRS too would be ready for it.