You are here: Home » Current Affairs » News » National
Business Standard

RBI vs govt: PM needs Rs 3.6 trn to fix his self-created mess, says Rahul

Gandhi urged RBI Governor Urjit Patel to 'stand up' to the prime minister and 'protect the nation'

Press Trust of India  |  New Delhi 

Congress President Rahul Gandhi addresses a public meeting in Raipur, Chhattisgarh, on Monday | Photo: PTI

Congress president Tuesday attacked over a media report which claimed the government is seeking Rs 3.6 lakh crore from the (RBI), alleging that he needs the amount to fix the "mess his genius economic theories" have created.

Gandhi also urged to "stand up" to the and "protect the nation".

There was no immediate reaction on the charge made by Gandhi.

"Rs 36,00,00,00,00,000. That's how much the PM needs from the 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 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, the differences between the and the came out in public domain after a raised concerns about the central bank's autonomy and warned that the governments that did not respect the central bank's independence would sooner or later incur the wrath of financial markets.

First Published: Tue, November 06 2018. 14:35 IST
RECOMMENDED FOR YOU