Driven Oversight or Poll-driven Obstacle? ‘: Priyanka Gandhi on withdrawal of small savings rate cut

Taking a dig at Finance Minister Nirmala Sitharaman, he announced that the government was withdrawing the circular to cut interest rates on small savings schemes, Congress said on Thursday that one can imagine the functioning of the economy when crores of people An approved order affecting “was issued by” inspection “. The government withdrew this morning a drastic reduction in the small savings rates to be effective from today. Sitharaman said in a tweet at 7.54 am, “Orders issued by Oversight will be withdrawn.

” Congress leader Priyanka Gandhi asked Sitharaman if Centre’s counterattack was a case of “oversight”, as claimed, or one of election-driven “hindsight”. Congress chief spokesperson Randeep Surjewala also criticized Sitharaman, And asked if the “circus” or the government is running. The party said that Sitharaman had no moral right to continue as finance minister. Madam FM, are you running ‘circus’ or ‘government’? The functioning of the economy can be imagined when such a duly ordered order affecting millions of people can be issued by ‘oversight’. In what order is the competent authority referred to?

You have no moral right to continue as an FM. pic.twitter.com/czRv5MY7O8 – Randeep Singh Surjewala (@rssurjewala) April 1, 2021 Meanwhile, Congress leader and former finance minister P Chidambaram on the pretext of Sitharaman said that it is lame. “” Announcement of interest rates on savings instruments for the next quarter is a regular practice. There is nothing ‘unknown’ about its release on 31 March. The BJP government had decided to make another attack on the middle class by reducing interest rates and profiteering. When caught, FM is putting forth the lame excuse of ‘unintentional error’. When inflation is around 6 percent and growth is expected, the BJP government is offering interest rates below 6 percent, hitting savers and the middle class below the belt, ”he tweeted. The Trinamool Congress also made fun of the Center. While Derek O’Brien and Mahua Moitra called it an April Fools joke, Yashwant Sinha – who recently joined the TMC from BJP – tweeted, “Roll Back Modi”.

Eggs in the face again because Mo-SHA is also busy throwing petals from trucks and April Fools jokes of false promises at election rallies. https://t.co/SVb0dWrqQU – Derek O’Brien | 1 April 2021 (“Derekobrynump) 1 April 2021” What’s the biggest April Fool’s joke here? That the small savings rate released by ’till now’ was cut? Or that Nirmala Sitharaman is Fin Min of this country? ”Tweeted Moitra. “I am very sad today. I felt that I alone was the monopoly of the roll back. This government has also defeated me. Labor law, small savings interest rates are one of two examples. Roll back Modi, ”Sinha wrote on Twitter. In a circular on Wednesday, the Finance Ministry said that the interest rate on savings deposits will be reduced from 4 percent to 3 for the first quarter of 2021-22. Has been reduced to 5 percent. The rates on time deposits had also fallen significantly. Lowering interest rates will help the government to reduce costs, but it will hurt investors, especially senior citizens and the middle class.