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“BJP Government Pushed Nation Into Financial Emergency,” Alleges Congress

Congress Spokesperson Randeep Surjewala targetted the BJP authorities over the financial slowdown

New Delhi: 

The Congress at present accused the BJP authorities of forcefully taking Rs 1,76 lakh crore from the RBI to cover a “grave” financial slowdown and claimed that it had pushed the nation right into a “financial emergency”.

The Reserve Financial institution of India or RBI had on Monday authorized the switch of a file Rs 1.76 lakh crore dividend and surplus reserves to the federal government, boosting the BJP-led regime’s prospect of stimulating the slowing financial system with out widening fiscal deficit.

“RBI’s emergency fund is at a six-year low as the BJP government has forcefully taken Rs 1,76,000 crore from the RBI to hide its failures and grave economic slowdown,” Congress chief spokesperson Randeep Surjewala alleged in a tweet, tagging a media report on the central financial institution’s emergency fund.

“The BJP government has pushed the country into a financial emergency,” he claimed.

RBI का ‘इमरजेंसी फ़ंड’ गिर कर 6 साल के निचले स्तर पर क्योंकि अपनी नाकामियों व घोर आर्थिक मंदी को छुपाने के लिए भाजपा सरकार ने ज़बरन RBI के ₹1,76,000 करोड़ लिए।

भाजपा सरकार ने देश को ‘आर्थिक आपातकाल’ में धकेल दिया है। pic.twitter.com/vR9zA620JU

– Randeep Singh Surjewala (@rssurjewala) August 30, 2019

In one other tweet, the Congress spokesperson talked about about “bank frauds”.

“‘Loot & Scoot’ in ‘New India’ as a complicit BJP govt looks the other way and common man is taxed!” he alleged.

Financial institution Frauds up by 74%!

2017-18 – ₹41,167 Cr

2018-19 – ₹71,542 Cr

‘Loot & Scoot’ in ‘New India’ as a complicit BJP Govt seems to be the opposite method and customary man is taxed! pic.twitter.com/LiDTevwDkn

– Randeep Singh Surjewala (@rssurjewala) August 30, 2019

Based on the RBI annual report, the variety of circumstances of frauds reported by banks noticed a leap of 15 per cent year-on-year foundation in 2018-19, with the quantity concerned rising by 73.eight per cent to Rs 71,543 crore from Rs 41,167 crore reported within the earlier fiscal.

 

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