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Congress Terms Govt's Decision Of Taking Rs 1.76 Lakh Crore From RBI 'Catastrophic'

The Reserve Bank of India (RBI) on Monday approved the  transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Prime Minister Narendra Modi-led regime's prospect to stimulate the slowing economy without widening fiscal deficit.The Congress on Tuesday termed the government's decision of taking Rs 1.76 lakh crore from RBI reserves "catastrophic" and accused it of thrusting India's economy towards bankruptcy and an economic emergency.Courtsey-ABP NEWS