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Rahul Gandhi lied that Prime Minister Modi demanded Rs 1.30 lakh crore from the Reserve Bank of India’s (RBI) reserve?

On 5th of November when the nation was celebrating the first deterrence patrol of nuclear submarine INS Arihant, Congress president Rahul Gandhi made a claim which was hard to believe, as always. He said “Rs 36,00,00,00,00,000. That’s how much the PM needs from the RBI to fix the mess his genius economic theories have created. Stand up to him Mr Patel. Protect the nation”.

What followed this statement of Rahul Gandhi was the attack against the Modi Government by few of the propaganda websites. Few even questioned why PM Modi need such a huge amount? And few others started to propagate that this is the biggest ever scam in India.

But now the claim of Rahul Gandhi seems to be a lie after the statement given by Economic Affairs Secretary Subhash Chandra Garg. Mr Garg in a series of tweet said “Lot of misinformed speculation is going around in media. Government’s fiscal math is completely on track. There is no proposal to ask RBI to transfer 3.6 or 1 lakh crore, as speculated. Government’s FD in FY 2013-14 was 5.1%. From 2014-15 onwards, Government has succeeded in bringing it down substantially. We will end the FY 2018-19 with FD of 3.3%. Government has actually foregone 70000 crore of budgeted market borrowing this year. Only proposal under discussion is to fix appropriate economic capital framework of RBI”.

Government says not seeking Rs 3.6 lakh crore RBI reserve, dismisses media reports

The revelation of Economic Affairs Secretary Subhash Chandra Garg has not just made it clear that the Modi government has not demanded Rs 3.6 lakh crore RBI reserve but also proved that the Indian Economy is heading in the right track.

Several global reports had revealed in the past few months that even though the world is facing a financial crisis, including China, PM Modi led India is exhibiting a strong show.

Rahul Gandhi in the recent days has resorted to lies to enhance his image as the election is heading closer. His past big lie was on Rafale deal. Now the Modi government has two main task; one is to market its developmental works and another is to create awareness among the people of Rahul Ganhdhi’s lies.


Hansika Raj

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