NEW DELHI, November 6: Congress president Rahul Gandhi on Tuesday attacked Prime Minister Narendra Modi over a media report which claimed the government is seeking Rs. 3.6 lakh crore from the Reserve Bank of India (RBI), He allege that the PM needs the amount to fix the “mess his genius economic theories” have made.
Mr Gandhi urged RBI Governor Urjit Patel to “stand up” to the prime minister and “protect the nation”.
“That’s how much the PM needs from the RBI to fix the mess his genius economic theories have created. Stand up to him Mr Patel. Protect the nation,” he tweeted and also posted the media report.
The report claimed that at the heart of the RBI-government standoff was a proposal by the Finance Ministry seeking to transfer a surplus of Rs. 3.6 lakh crore, more than a third of the total Rs. 9.59 lakh crore reserves of the central bank, to the government.
While Gandhi has accused the government of “destroying” institutions with its alleged strong arm tactics, differences between the government and RBI came out in public domain after a deputy governor raised concerns about the central bank’s autonomy. He warned that the governments that did not respect the central bank’s independence would sooner or later incur the wrath of markets. (PTI)