Tharoor worry of RBI funds misuse

Tharoor worry of RBI funds misuse

Agency News

Taking a swipe at the BJP government over the economic slowdown, Congress leader, Dr. Shashi Tharoor has said his biggest worry was that it might spend on advertising the Rs 1.76 trillion taken from the RBI to claim there was no slowdown in the country.

Participating in an interactive session organised by his party's student wing NSUI, he claimed that the government 'specialized' only in sloganeering.

'My biggest worry about the economic slowdown is that the government may spend the Rs 1.76 trillion they have taken from the RBI on advertisements and messages to tell you there is no slowdown,' Dr. Tharoor said.

Last month, the Reserve Bank agreed to transfer Rs 1.76 trillion to the government this fiscal. It includes Rs 1.23 trillion of surplus for 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised economic capital framework adopted at the bank's board meeting.

Dr. Tharoor said that the slowdown is real as there is no positive story from any sector of the economy. 'This government specialises only in sloganeering. Make in India, Digital India, Start up India, Stand up India, Sit down India, Shut up India,' he said in a dig at the Modi government's flagship schemes to spur growth and jobs.