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Kharge hits back at Centre after RBI's paper on inflation

By IANS | Published: June 24, 2023 2:54 PM

New Delhi, June 24 Congress President Mallikarjun Kharge on Saturday took a swipe at the Centre over inflation ...

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New Delhi, June 24 Congress President Mallikarjun Kharge on Saturday took a swipe at the Centre over inflation after the Reserve Bank of India (RBI) said that the public is now spending less as a result which in turn have decreased sales.

In a tweet in Hindi, Kharge said: "When the Congress says that there is inflation, then Modiji's ministers say that 'inflation is not visible at all'. When the public says that there is inflation, then the Modi government makes excuses for supply, weather, war.

"Now the RBI of the government itself is saying that due to the inflation, the public is spending less, due to which the sales have decreased and private investment has been badly affected. This vicious cycle is fatal for our economy. Tell me (Prime Minster) Narendra Modi, how would you respond to this RBI report? Good days equals to impossible."

His remarks came a day after the RBI paper said that inflation is slowing down personal consumption expenditure, which in turn is moderating corporate sales and holding back private investment in capacity creation.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Mallikarjun KhargeNarendra ModicongresscentrePunjab Pradesh Congress CommitteeCongress PartyKarnataka CongressNationalist Congress Party Of Sharad PawarState CongressGoa CongressRashtriya Janata Dal CongressNarendra Modi Ji
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