Modi govt’s ‘financial mess’ triggered RBI’s surplus transfer: Prithviraj Chavan
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Modi govt’s ‘financial mess’ triggered RBI’s surplus transfer: Prithviraj Chavan

By Indianexpress calender  31-Aug-2019

Modi govt’s ‘financial mess’ triggered RBI’s surplus transfer: Prithviraj Chavan

Modi Government was forced to lay its hands on surplus of Reserve Bank of India (RBI) because of financial mess it landed the country into due to the unnecessary blow it gave to the economy with demonetisation and slowdown caused in the industry due to faulty implementation of Goods and Services Tax (GST), senior Congres leader and former Maharashtra Chief Minister Prithviraj Chavan said on Saturday. Chavan also blamed the government of selling the people a ‘daydream’ of becoming a 5 trillion dollar economy, while saying that in reality, the country’s economy was worsening with every passing quarter.
Chavan was speaking to mediapersons in Pune in the backdrop of, what he described as serious trouble of the country, Gross Domestic Product (GDP) growth sinking down to 5 per cent in the recent quarter.

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