Shiv Sena alleges Nation moving towards becoming a 'banana republic'

Shiv Sena on Wednesday said that the Country is in inching towards becoming a banana republic while lashing out at its senior ally BJP over the depreciating value of the rupee and alltime high fuel pricesIn remarks laced with sarcasm the party said the rupee was plunging to a new record low against the US dollar while Prime Minister Narendra Modi was busy holding the Congress responsible for ruining the nations economy forgetting that he has been in power for four years nowThe fuel prices are skyrocketing Petrol will soon touch the Rs 100mark Scores of unemployed youth will come out on streets and spread anarchy Farmers are not happy Prices of foodstuffs cooking gas and CNG have increased New investments have decreased the Sena saidThe countrys picture is heartwrenching and we are moving towards being a banana republic it cautioned in an editorial in party mouthpiece SaamanaIf the rupees slide continues it will soon cross the Rs 100mark against the US dollar warned the Sena which is an ally of the BJP at the Centre and in MaharashtraIt noted that when the BJP was in the opposition it used to say that with the rupees depreciating value the countrys reputation slides as wellNow if the rupee nears the 100mark against the dollar should it be said our nations image is improving the Sena quippedReferring to a recent report of the World Bank it said at a time when the Indian currency is on its deathbed claiming that the country is the sixth biggest economy of the world is laughableThe Niti Ayog blamed former RBI governor Raghuram Rajan for ruining the countrys economy through steps taken by him for the recovery of bad loans But the rupee has slid much lower than it did during Rajans tenure it saidRajan had opposed the governments demonetisation decision and he was against the Centre spending thousands of crores for its publicity the Uddhav Thackerayled party claimedHe was of the opinion that this was a loot of the exchequer However those in power are liars hungry about their own selfimage and of their own advertisement therefore shunted him out the Marathi publication saidThere is a misinformation campaign going on that the countrys economy is strong despite a weak rupee which people fail to comprehend it saidAll this is not a sign of the worlds sixth largest economy Holding the Congress and Raghuram Rajan responsible for a faltering economy is a joke Tell us what have you done But the government has nothing to say the editorial saidFurther taunting the BJP it said the party is planning to remove the Jawaharlal Nehru memorial in the Teen Murti Bhavan complex holding elections through EVMs calling Congress chief Rahul Gandhi names in a probable bid to improve the countrys economy and halt the rupees slideThe domestic currency was at a lifetime low of 7158 against the resurgent dollar Tuesday but strengthened by 20 paise to 7138 against the USD in opening trade at the interbank foreign exchange market WednesdayWith Inputs from PTICatch up on all the latest Crime National International and Hatke news here Also download the new midday Android and iOS apps to get latest updates