Economic condition 'not good':Sule on govt taking RBI reserves

Senior NCP leader Supriya Sule has said the RBI's decision to allow cash transfer from its reserves to the government indicates the country's economic condition is "not good".

The Reserve Bank of India (RBI) on Monday 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 fiscal deficit.

Hitting out at the government over it, Sule on Tuesday said, "This shows the country's economy is not good. Various industrial units have shut down and unemployment is growing."