Addressing a press conference here, Verma accepted that he had distributed cash and other items, and said, "I have earned so I am distributing...I am a trader, I know where to invest money to get good returns."
He said he was distributing money from the amount earned by his ministry.
The Steel Ministry has earned Rs 10,000 crore, he said.
"Why are people criticising me for spending Rs 2 crore on journalists? Journalists work for us, do our publicity... those who are criticising me for this act are fools," he said.
The beneficiaries included Congress workers from Verma's home district Barabanki, his constituency Gonda and local journalists who have been made members of the Council with the tenure till March 31, 2014, sources had said yesterday.
SP and BJP had criticised the minister for making Congress activists and journalists members of Steel Consumers' Council and distributing cash and gifts to them at its meeting.
More than 1,000 members were given cash, mobile and a trolley bag each at the 24th meeting of the Council held in Lucknow on Monday, and over Rs 1 crore were spent on it, sources had said.
Samajwadi Party leader Om Prakash Singh had said it was unfortunate that a central minister was involved in such an act. "If he (Beni) thinks he could win hearts of people by distributing money and gifts, he is wrong," Singh had said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
