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  4. Loot & Scoot in 'New India': BJP govt pushed country into financial emergency, says Congress

Loot & Scoot in 'New India': BJP govt pushed country into financial emergency, says Congress

The Congress on Friday accused the BJP government of forcefully taking Rs 1,76 lakh crore from the RBI to hide a "grave" economic slowdown and claimed that it had pushed the country into a "financial emergency".

PTI PTI
New Delhi Updated on: August 30, 2019 9:27 IST
Loot & Scoot in 'New India': BJP govt pushed country into

Loot & Scoot in 'New India': BJP govt pushed country into financial emergency, says Congress

The Congress on Friday accused the BJP government of forcefully taking Rs 1,76 lakh crore from the RBI to hide a "grave" economic slowdown and claimed that it had pushed the country into a "financial emergency".

The Reserve Bank of India had on Monday approved the transfer of a record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting the BJP-led regimen's prospect of stimulating the slowing economy without widening the 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 tweeted, tagging a media report on the central bank''s emergency fund.

"The BJP government has pushed the country into a financial emergency," he said.

In another tweet, the Congress spokesperson also pointed out to the rising number of bank frauds.

"''Loot & Scoot'' in ''New India'' as a complicit BJP govt looks the other way and the common man is taxed!" he said.

According to the RBI annual report, the number of cases of frauds reported by banks saw a jump of 15 per cent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 per cent to Rs 71,543 crore from Rs 41,167 crore reported in the previous fiscal.

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