Rahul Terms  Economic Slowdown as “Self Created Economic Disaster” Says ‘Stealing from RBI won’t Work

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By The Newsroom Network

New Delhi: Former Congress President, Rahul Gandhi today stepped  up attack on the Centre over economic slowdown, saying  Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman are clueless about how to solve “self created economic disaster” and that the borrowing from the RBI won’t help.

In a tweet the Congress leader 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”.

The Rahul Gandhi’s tweet attack came after the report that the government will receive a 1.76 lakh crore windfall from the central bank, which it may use to cut borrowings and recapitalize banks to help spur economic growth.

The Reserve Bank of India’s board approved the record payout on Monday, which includes a dividend of 1.23 trillion rupees and 526.4 billion rupees from its surplus capital, according to a statement. The dividend payment includes 280 billion rupees already transferred to the governament in February.

Prime Minister Narendra Modi-led NDA government has come under increasing pressure to fire the economy, which has slowed in each of the past three quarters — losing its status as the world’s fastest growing — with unemployment hitting its highest level since the 1970s.

The Newsroom Network

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