NEW DELHI: Former finance minister P Chidambaram on Sunday targeted the government over its alleged bid to pressure Reserve Bank of India (RBI) asking what was its "tearing hurry" to "fix" the capital framework of the central bank with just a few months left for the parliamentary polls.
In a series of tweets, the Congress leader slammed the government for allegedly seeking funds from RBI despite claiming that its (Centre) fiscal math was correct. "Government claims that its fiscal math is correct. It boasts that it has given up Rs 70,000 crore of borrowing for 2018-19. If so, why does it need money from the reserves of RBI this year?", the former finance minister asked.
Chidambaram also said if it were indeed true that the government, as had been asserted, did not need more money in the current fiscal, "why is it mounting pressure on RBI in the last 4 months of its tenure?"
In a series of tweets, the Congress leader slammed the government for allegedly seeking funds from RBI despite claiming that its (Centre) fiscal math was correct. "Government claims that its fiscal math is correct. It boasts that it has given up Rs 70,000 crore of borrowing for 2018-19. If so, why does it need money from the reserves of RBI this year?", the former finance minister asked.
Chidambaram also said if it were indeed true that the government, as had been asserted, did not need more money in the current fiscal, "why is it mounting pressure on RBI in the last 4 months of its tenure?"