Rahul Gandhi: Stealing from RBI will not Work

Written By Xappie Desk | Updated: August 27, 2019 17:20 IST
Rahul Gandhi: Stealing from RBI will not Work

Congress MP Rahul Gandhi produced searing remarks today against the government after a record Rs. 1.76 lakh crore payout was accepted by the Reserve Bank of India. A practice he claimed was the same as 'robbing the RBI.'

Rahul Gandhi tweeted that Prime Minister and FM do not know how to fix their self-created financial catastrophe. RBI stealing will not work-it's like stealing a band-aid from the clinic and hanging it on a bullet wound.
RBI's record compensation arrives at a moment when in several industries, from housing to production, there are indications of serious stress. Rs. 1.76 lakh crore's complete payout involves Rs. 1.23 lakh crore as an earnings and Rs. 52.640 crore excess capital, said the RBI in a declaration.
The quarterly dividend involves Rs. 28,000 crore also transmitted in February before the general election to the govt.
The Congress tweet that Rs. 1.76 lakh cr provided by RBI to the government is nearly the very same sum lacking from the unveiling of Budget 2019. Where's the cash that was spent? Why is the budget lacking? The pillage of the RBI like this only even farther destroys our economy and decreases the bank's loan score.
By contrast, this year's transition quantity is more than double the Rs. 68,000 crore supplied last year by the RBI to the Modi government. It surpasses the expenditure estimate of Rs. 90,000 crore from the centre as this year's RBI dividend.