Amid a tussle between the government and the RBI, opposition parties on Wednesday accused the NDA regime of trying to damage every institution in the country by interfering in their autonomy and alleged the central bank was being forced to "open bank funding" to defaulting corporates.
While the Congress asked Finance Minister Arun Jaitley to spell out the "overriding emergency" to make the government "take recourse ostensibly" to a never-used provision of the RBI Act for issuing directions to the central bank, the party chief Rahul Gandhi said "the systematic destruction of India's institutions is nothing short of treason".
Without directly mentioning the RBI, Gandhi said, "Ironic that a statue of Sardar Patel is being inaugurated, but every institution he helped build is being smashed."