Business

BJP Eyeing RBI Reserves After Being Failed To Get Money Out Of Demonetisation, Alleges P Chidambaram

News World India | 0
12284
| November 11 , 2018 , 17:27 IST

In a scathing attack on the Bhartiya Janta Party-led Centre, Former Finance Minister and a senior Congress leader P Chidambaram on Sunday alleged that the central government is now desperately eyeing the reserves of Reserve Bank of India after being failed to get money out of the demonetisation.

Chidambaram was quoted by ANI as saying, “After having failed to get money out of demonetisation, the BJP-led Centre is now eyeing the reserves of the RBI which is why they have started this problem with the RBI after four and a half years of being in power.”

Also Read: 99.30% Currency Notes Banned During Demonetisation Back To System: RBI Report

“The government thought they could make a profit, but they got nothing. Today, they are desperate for money. Why? GST collections are short of the target, net direct tax collection is short of the target, net direct tax collection is short of the target, the fiscal `deficit of 3.3 will not be met. Therefore, they are desperate for money to meet the fiscal deficit target. They also want money because this is the election year and they have always spent. They don’t have the money,” he added.

Former Finance Minister statement comes in the wake of reports stating that with the RBI’s surplus reserve running out to Rs 9.63 lakh crore, the Centre is now planning to ask the bank to fix the norm on surplus reserves.

Prime Minister Narendra Modi-led government had implemented demonetisation on November 8, 2016, banning legal tender of all Rs 500 and Rs 1,000 banknotes in order to curb black money.

alisha jonwal

This is one of the best post, I have seen today. Escorts in Dubai

Alan Martin

Can I simply just say what a comfort to find somebody that really knows what they're discussing on the internet. assignment writing help uk You definitely understand how to bring an issue to light and make it important. More and more people really need to read this and understand this side of your story. It's surprising you're not more popular since you certainly possess the gift.

Journal paper writing services

thanks for sharing the article Journal paper writing services

Phd Thesis Writing Services

thanks for sharing the article..

Shil

I simply wished to thank you very much again. I’m not certain the things I might have sorted out in the absence of the actual tricks revealed by you about such a area. It actually was the frightful situation for me personally, however , witnessing your specialized technique you handled the issue made me to leap over contentment. Now i’m happy for your service and thus hope you find out what a powerful job that you’re putting in instructing most people all through your websites. I know that you’ve never encountered all of us. 8th class result 2019 declared

Sheik

This article is full of excellent informative content. The points you make are interesting and original, and I agree on many of them. Thank you for writing on this topic. 8th class result 2019 online

Kate Brouwn

Got a task to compose? Be that as it may, won’t have the capacity to write their academical paper. At that point, you can whenever take essay assistance from essay generator free that is effortlessly accessible on the web. Keep in mind, EliteWritings.com provides elite custom writing services and we can write an academic paper of any academic level. Go to the website: https://elitewritings.com/topic-generator.html

AcademicInside

Don’t do your homework late in class. Avail our mba dissertation help academic services to get your work done within less time. Keep up your position in a class with on-time work.

Watka

Do you really think that reading and understanding your topic is enough? Ha. Think again. Do you know how many types of essays exist? Let’s talk about them a little to figure out here http://exclusiveresume.com/ you have to do with different types of essays.

Nancwill

One day her curiosity won against common sense and she decided to break down her boundaries. She left home and entered a forest after the sun went down. Lost and afraid in the new world geometry dash

Robinjack

One of my closest friends works at phen375 official website. He tells me all about the site, and informs us everytime something new happens. Having such friends in life is something amazing. what is phen375 One of my closest friends works at phen375 official website. He tells me all about the site, and informs us everytime something new happens. Having such friends in life is something amazing.

Connell

It wouldn’t be hard-earned money if it didn't make us cry now, would it? additional reading

Connell

Do you know about the local online marketing the my company is providing? If you don’t I will tell you all about it later. But for now you only need to only, that the service is very effective and efficient.

mariakim

Good post. Thanks for sharing with us. I just loved your way of presentation. I enjoyed reading this .Thanks for sharing and keep writing. It is good to read blogs like this. As constantly, write my college paper for me we appreciate yourself assurance and accept as true within us.