West indian people

Government’s bad economic policies have put the burden of inflation on people: Rahul

Former Congress President Rahul Gandhi on Thursday claimed that the Modi government had shown no loyalty to the country or its people and warned that inflation would rise further in the coming days.

He said the government’s “bad economic policies” have put the burden of inflation on ordinary people and it is becoming unbearable.

“There is a difference between loyalty and performance. The Modi government has not shown loyalty to the country or the people. I am talking about inflation. If you think inflation will come down in time to come, then you are wrong.. Prepare for another Modi government attack in the coming days,” he said in a Facebook post in Hindi.

Gandhi said the Reserve Bank of India (RBI) had raised the Repo rate by 0.50% and it now stood at 4.90%.

According to the RBI, inflation will rise further in 2022-23, while retail price inflation will remain at 6.7 percent, he noted.

“The government’s bad economic policies have imposed such a burden of inflation on ordinary people and it is now becoming unbearable for them. House, car, personal loans and EMI will be more expensive. I want to ask the government where should the middle class and working class people are going and how would they support their families,” he said.

Congress attacked the government on the issues of rising prices and unemployment and held it responsible for the misfortunes of the people.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Source link