RBI disempowered by Union government: DCC spokesperson Vinayraj
Mangaluru, November 7: Corporator and District Congress Committee spokesperson AC Vinay Raj alleged that apart from dismissing the CBI director illegally, Narendra Modi-led Central government has been trying to weaken the RBI by riding on it.
Speaking to reporters at the party office here on Wednesday, he said that the central government has been trying to control the RBI, the constitutional institution which is the central bank of the country and controls the monetary policy of the Indian currency. The economic policy of the central government was an utter failure due to which, the country was inching towards bankruptcy. It was opposed by the RBI present and former Governors. RBI was not in a position to accept the central government’s stand. So, the Modi government has targeted the RBI, he alleged.
The centre has been demanding Rs 3.6 lakh crore reserved fund in the RBI which shows the Modi government’s financial bankruptcy. The government has been asking the reserve fund under Column 7 to Non-Banking Financial Corporation to fund the loss-making companies. But it was the money of the country and it was the duty of the RBI to protect it. Unfortunately, the centre was not allowing the RBI to do its duty. The centre has appointed party persons like Gurumurthy and Sathish Marathe who are not economists and this has also given a big blow to the RBI’s superiority, he said.
In the UPA period, the country had recorded 8.1 per cent GDP and it was reduced to 5.73 in Modi government due to which, the rupee has been losing its value. Demonetisation, Cashless transaction, GST implementation, Waiver of over Rs 1.5 lakh crore loans of companies and other decisions have derailed the economic system of the country. Modi was responsible for the cheating and escape of businessmen like Nirav Modi, Lalit Modi, Mehul Choksi, Vijay Mallya and others. It was because of Modi, Anil Ambani has got the Rafale deal despite he has Rs 40,000 crore debt. As per the deal, the country would get just 36 fighter jets worth Rs 1,114 crore each instead of 126 worth Rs 526 crore each. This decision has caused Rs 41,000 crore loss to the Exchequer, he alleged.
11 banks have no money
Total 11 banks including Dakshina Kannada-based bank have no money for their transactions. Though the loan aspirants were in queue, they were not in a position to get the loan due to the administration of Modi, he alleged.
DCC vice president Sadashiva Ullal, Appi, general secretaries Khalid Ujire, Neeraj Paul, Secretaries Premanath Ballalbag, Vishwas Kumar Das, Office secretary Nazeer Bajal were present.
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Fake notes with 'movie shooting purpose only' written on them send police into tizzy in Sirsi
Sirsi (Karnataka), Apr 8 (PTI): The police in Uttar Kannada went into a tizzy on Tuesday after they found fake currency notes of Rs 500 denomination from a house in Dandeli with 'movie shooting purpose only' written on them.
Based on a tip-off, police searched a rented house at Gandhinagar in Dandeli and confiscated the fake currency notes along with a money counting machine.
Arshad Khan, who is said to be from Goa, was staying as a tenant in the house belonging to Noorjan Jhunjuwadkar, police said.
Police were informed after Jhunjuwadkar noticed that Khan was absent from the house for the past one month.
The fake currency notes had the inscription 'Reverse Bank of India' on them, but did not have the signature of the RBI governor, police said.
The notes were printed on a shining paper with only zeros written in the place of the number, and 'movie shooting purpose only' inscribed on them, police said.
A hunt is on to trace Khan to question him about the seizure, they added.
