Politics In 100 Seconds: Rahul On Govt Taking RBI Reserves 'Band-Aid On Gunshot Wound'

The Congress on Tuesday accused the government of pushing the economy towards bankruptcy and an economic emergency, and said the decision of taking Rs 1.76 lakh crore from RBI reserves will have "catastrophic" consequences. Several Congress leaders, including Rahul Gandhi and Anand Sharma, mounted the attack against the government's move. The opposition party's stinging criticism came a day after the Reserve Bank of India approved the transfer of a record Rs 1.76 lakh crore dividend and surplus reserves to the government to provide fresh impetus to the economy without widening fiscal deficit.