Congress disputes Rajan's remark on new govt

Attacks the way the govt is 'profiteering' from the slide in global crude oil prices

The Congress party on Wednesday disputed Reserve Bank of India Governor Raghuram Rajan's remark that the Narendra Modi dispensation has taken steps to create an environment for investment and is "sensitive" to concerns of investors.

"Please talk to the foreign institutional investors on retrospective tax as also a number of companies," former Union minister Jyotiraditya Scindia said, reacting to Rajan's address at the Economic Club in New York.

Scindia, also a party spokesperson, said the Bharatiya Janata Party, while in the Opposition, had made huge political capital of a "single case" then but now when in power, "multiple cases are now happening".

At the All India Congress Committee briefing, he also attacked the way the government was "profiteering" from the slide in the global crude oil prices instead of using the opportunity to give a boost to the economy as also raising the social sector spending to help the poor.

Taking a jibe at the prime minister, he said the government is following a MODI policy - "Moneyed Only, Deprived Ignored".

Dubbing the Modi dispensation as "marketing, repackaging and a photo-op" government, he said it had nothing to show by way of achievements in its one year in office.

Finding fault with the 'Make in India' programme, he said that it should have been the "outcome" and "not a slogan".