Politics

BJP has pushed the country into a financial emergency: Congress

New Delhi | The Congress on Friday has hit out at the Modi government for “forcefully taking” money from the RBI, and claimed that they have 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 regime’s 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, he shared more media reports and wrote, “Bank Frauds up by 74%! 2017-18 – тВ╣41,167 Cr 2018-19 – тВ╣71,542 Cr тАШLoot & ScootтАЩ in тАШNew IndiaтАЩ as a complicit BJP Govt looks the other way and the common man is taxed!”.

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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