Dynamite News Manmohan Singh: RBI-Finance Ministry ties have hit a low, Modi misusing PM post
Former prime minister Manmohan Singh on Wednesday targeted the rift between the Reserve Bank of India and the Modi government, adding the relationship between the central bank and the Finance Ministry has hit a low.
New Delhi: Former prime minister Manmohan Singh on Wednesday targeted the rift between the Reserve Bank of India (RBI) and the Modi government, adding the relationship between the central bank and the Finance Ministry has hit a low.
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Addressing a press conference ahead of the November 28 Madhya Pradesh Assembly polls, the former Union finance minister underlined the need for coordination" between the two organisations.
"The relationship between the RBI and Finance Ministry has hit a low," he said. Harmony and coordination between both were essential for the country, he added.
LIVE: Former PM Dr. Manmohan Singh addresses the media at Indore, Madhya Pradesh. #MPWelcomesDrSingh https://t.co/CI60ijv9ED
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— Congress (@INCIndia) November 21, 2018
"The RBI governor and finance minister have a delicate relationship. Both have to work together. Although the job of running the country rests with the government, (a) specific responsibility is given to the RBI governor by the RBI Act. There is a need to recognise the interdependence of the two entities and work in harmony," he said.
"I am happy with the efforts being made to bring reconciliation. Both need to work in harmony with each other," he said.
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On his comments that Modi as prime minister would be a "disaster" for India, Singh said he did not want to comment on his earlier remarks.
"I used harsh words which I should not have. Now people will make the decision," he said.
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The people of the country are suspicious of the #Rafale deal, the opposition and various groups are demanding a joint parliamentary committee but Modi government isn’t ready for it. Isse pata lagta hai daal mai kuchh kaala hai: Former PM Manmohan Singh pic.twitter.com/f71OIEKl5y
— ANI (@ANI) November 21, 2018
Singh accused Modi of misusing the Prime Minister's post. "It does not befit the PM to abuse political opponents," he said, adding Modi was using "unparliamentary words" against the opposition.
He also denied Modi's claim that the UPA government led by him was a "remote-controlled" one. "The success of my government was because the party and government were on one page. There was no difference of opinion," he said. (PTI)