Modi govt destroyed country’s financial system, says Asha

DHARAMSHALA: All India Congress Committee (AICC) general secretary and Dalhousie legislator Asha Kumari on Wednesday accused the Prime Minister Narender Modi-led government of destroying the financial system of the country.

Kumari, who was here to join the party campaign for the upcoming byelection, came down heavily on the Centre over the Reserve Bank of India’s (RBI’S) decision to handover ₹1.76 lakh crore from its reserves to the government. Addressing a press conference, she said, “It is for the first time that the Centre took away ₹1.76 lakh crore from the RBI. This has badly hurt the banks. The latest victim is the Punjab and Maharashtra Cooperative (PMC) Bank.” The AICC in-charge of Punjab said unemployment was at its peak under the BJP government and its latest decision to disinvest will only add to the problem. “The rupee has devalued so much that it is now lower than even the Bangladeshi Taka,” she said. Kumari targeted the Jai Ram Thakur-led state government, terming it as a complete failure on all fronts. She said no development has taken place in Dharmashala under the Centre’s flagship Smart City Mission and its funding has also been changed from 90:10 to 50:50 ratio. “The state has failed to generate new resources and is running its dayto-day operation by raising loans,” she alleged. Sharpening attack on the state government, Kumari said, the investors’ meet proposed at Dharamshala on November 7 and 8 was not to attract any investment but a ploy to sell state’s land resources.htc