Stealing from RBI will not work: Rahul attacks Modi, Sitharaman on surplus fund transfer

The senior Congress leader also said that the move was akin to stealing a Band-Aid from the dispensary and sticking it on a gunshot wound.

Published: 27th August 2019 11:55 AM  |   Last Updated: 27th August 2019 12:51 PM   |  A+A-

Congress chief Rahul Gandhi

Former Congress president Rahul Gandhi (File Photo | EPS)


NEW DELHI: Congress leader Rahul Gandhi on Tuesday hit out at the government over the record cash transfer by the RBI, saying the prime minister and the finance minister are "clueless" about solving the "self-created economic disaster" and accused them of "stealing money" from the Bank.

He said the move was like stealing a Band-Aid from the dispensary and sticking it on a gunshot wound.

Gandhi's reaction came after the RBI allowed the government to take Rs 1.76 lakh crore from its reserves to provide a fresh impetus to the economy.

"PM and FM are clueless about how to solve their self created economic disaster," he charged on Twitter.

ALSO READ | All-new Das Capital: RBI to transfer Rs 1.76 lakh crore to government

"Stealing from RBI won't work - it's like stealing a Band-Aid from the dispensary and sticking it on a gunshot wound," he said, using the hashtag "#RBILooted".

In a separate tweet, Congress chief spokesperson Randeep Surjewala wondered whether the move was "fiscal prudence or fiscal hara-kiri".

He also wondered if it was a coincidence that the Rs 1.76 lakh crore borrowed by the RBI matches with the "missing amount" in the budget calculations.

"Is it a sheer coincidence that the Rs 1.76 Lakh Crore borrowed by RBI matches with the 'Missing' amount in the Budget Calculations," he asked.

"Is this fiscal prudence or fiscal hara-kiri? Will this Rs 1.76 Lakh Crore be used to save BJP's crony friends," he also asked.

The Congress leader attached a media report on "the mystery of the 'missing' Rs 1.7 Lakh Crore in India's budget".

In another tweet, Surjewala charged that Modi 2.0 has converted the 'R' in RBI from 'Reserve' to 'Ravaged'! "Contingency Reserve of RBI meant for extreme financial emergencies & war-like situations is being used by BJP Govt to bury its monumental mess on the economic front! BJP has finished RBI's credibility!" he further charged.

His party colleague and spokesperson Sanjay Jha said in a tweet, "Robbed Bank of India: RBI.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp