RBI providing 1.76 crore to the Indian Government is like stealing from the bank opined Rahul Gandhi the former Chief of the Congress party. It is a self-created disaster and the Prime Minister Modi along with the Finance Minister does not know how to tide over the crisis said Rahul Gandhi.
He said that stealing from the RBI will not work. Rahul explained that the amount was like a band-aid to a gunshot. The bleeding won’t stop he opined. Finance Minister Nirmala Sitharaman has announced several measures to correct the ongoing financial crisis in the country.
But the experts say that the crisis is much larger than the measures being taken by the Government.
The RBI measure is also temporary and immediate relief and that it won’t work in the long run.The government is trying to infuse funds into the big banks to tide over the crisis.
The Congress has been accusing of the BJP Government that it was trying to raid the RBI for funds. The same has been proved right. The 1.76 lakh crore is the exact amount that is missing from the 2019 budget the Congress leaders opined.
Now the same has been inducted by the RBI. The automobile sector is the hardest hit at present. There are no sales for the 4 wheelers and the two-wheelers as such/ The companies have been giving discounts now to improve the sales.
On the other hand, Finance Minister Nirmala Sitharaman has already announced some measures for the course corrections. She assured that the second round of measures will also be announced soon.
