T-Cong slams RBI for stance against loan waiver
Hyderabad, Aug 6 (INN): The Telangana Pradesh Congress Committee has strongly condemned the objections raised by RBI Governor Raghuram Rajan over proposed waiver of farm loans by the Telangana Government.
Speaking to media persons at Gandhi Bhavan here, TPCC Spokesperson Mallu Ravi said that the RBI Governor should not interfere with the policy decisions of State Governments.
In a democracy, the governments design their agenda based on their manifestoes. Further, the State Cabinets are empowered to take policy decisions. The officials and other agencies including RBI have no rights to interfere with the cabinet decisions.
At the most, the officials can send their remarks on certain policies. However, the officials and other institutions should not be authorised to express their opposition to government's decisions publicly, he said.
Mallu Ravi alleged that the RBI Governor was not aware of the ground reality. The statement claiming no major crop damages in areas of Andhra Pradesh and Telangana to merit debt waiver was given in ignorance.
He said three to four farmers are committing suicide every day in Telangana. Therefore, before making such statements, the RBI Governor should visit the areas to get first hand information, he demanded.
The TPCC Spokesperson suspected that the RBI Governor might have issued the statement as a part of conspiracy hatched by Central Government. He asked Finance Minister Arun Jaitley to clarify on the issue.
Mallu Ravi also advised Telangana Chief Minister K Chandrasekhar Rao to review the decision to hold Independence Day celebrations at Golconda Fort.
He said that the military authorities have reportedly erected signboards warning action against trespassers near Golconda Fort after the Chief Minister's visit. He said that the State Government apparently did not inform the military authorities about its decision.
News Posted: 6 August, 2014
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