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.