Surjewalau00e2u0080u0099s accusation comes after the Reserve Bank of India approved the transfer of Rs 1.76 lakh crore dividend and surplus reserves to the government on Monday
A file picture of a security woman guards at the RBI headquarters in Mumbai. Pic/PTI
The Congress on Friday accused the BJP government of forcefully taking Rs 1.76 lakh crore from the RBI to hide a "grave" economic slowdown and claimed that it had pushed the country into a "financial emergency".
The Reserve Bank of India had reportedly approved the transfer of a record Rs 1.76 lakh crore dividend and surplus reserves to the government on Monday that boosts the government’s prospect of stimulating the slowing economy without widening fiscal deficit.
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Congress chief spokesperson Randeep Surjewala tweeted saying that RBI's emergency fund is at a six-year low and alleged the government of forcefully taken Rs 1.76 lakh crore from the RBI to “hide its failures and grave economic slowdown”, tagging a media report on the central bank's emergency fund.
Also Read: RBI's cash transfer decision creates battle between BJP and Congress
He also alleged the government of pushing the country into a financial emergency," he said. In another tweet, the Congress spokesperson also pointed out to the rising number of bank frauds under the BJP-led regime.
The RBI annual report shows the number of cases of frauds reported by banks that saw a jump of 15 per cent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 per cent to Rs 71,543 crore from Rs 41,167 crore reported in the previous fiscal.
With inputs from PTI
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