Rahul tells Modi to give money to poor instead of tax cuts to industrialists

Rahul Gandhi tweeted about Reserve Bank of India’s latest warning on economic contraction amid the coronavirus pandemic. He had already alerted the government about the warning given by the RBI now

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NH Web Desk

Congress leader Rahul Gandhi slammed PM Modi and said, "distractions through media won't help the poor".

Rahul Gandhi tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic. Rahul Gandhi had already alerted the government about the warning given by RBI now.
"RBI has now confirmed what I have been warning for months," the former Congress chief tweeted this morning along with a news report.

Congress leader Rahul Gandhi has slammed the Modi government for ignoring the poor in the time of crisis. Rahul Gandhi said that, "distractions through media won't help the poor".

Rahul Gandhi tweeted about the Reserve Bank of India's latest warning on economic contraction amid the novel coronavirus pandemic.Rahul Gandhi had already alerted the government about the warning given by RBI now.

"RBI has now confirmed what I have been warning for months," the former Congress chief tweeted this morning along with a news report. Rahul Gandhi made a sharp attack on the government for not taking the warning seriously.Rahul Gandhi once again made a few suggestions, he said "Government needs to: Spend more, not lend more. Give money to the poor, not tax cuts to industrialists. Restart economy by consumption."

Rahul Gandhi also questioned the use of media being done by the Modi Government for its image building, the Congress leader said ,"Distractions through media won't help the poor or make the economic disaster disappear."On Tuesday, the RBI warned of economic contraction till September. "More protracted spread of the coronavirus pandemic, deviations of the monsoon from the predicted normal rains and global financial market volatility are key downside risks to growth," the central bank said in its annual report.The pandemic has affected over 200 countries, bringing economic activity to a standstill, the RBI said. The central bank also said that the outbreak of the COVID-19 pandemic affected the supply of notes.

"The supply of banknotes during 2019-20 was also lower by 23.3 per cent than in the previous year mainly due to the disruptions caused by the outbreak of COVID-19 and the ensuing lockdown," the report said.The central bank's annual report comes days ahead of the release of official data on GDP for the quarter ended June 30.An unprecedented GDP decline has also been predicted by the international economic experts.Rahul Gandhi has been relentlessly attacking the government on social media over the handling of coronavirus pandemic, which has badly affected the national economy.The former Congress president has been interacting with the experts for suggestions on the economic recovery and damage control due to the pandemic but the government did not rise beyond politics. The nation has to suffer for the irresponsible act of the government.

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