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."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of 5 free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories
Over 30 subscriber-only stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app