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Headlines: Congress accuses Modi Government of ‘looting’ RBI


The Reserve Bank of India has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Prime Minister Narendra Modi-led regime’s prospect to stimulate the slowing economy without widening the fiscal deficit. Slamming the excess reserve transfer, Congress has attacked the Modi government on Twitter and said: “Rs. 1.76 lakh cr given to the govt by RBI is almost the exact same amount missing from the 2019 Budget announcement. #RBIReserves #RBILooted #Amazon

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