Congress hits back over interest rate orders, 'oversight or election-related hindsight?'

FM says orders issued by oversight, will be withdrawn

Congress hits back over interest rate orders, 'oversight or election-related hindsight?'

Union Finance Minister Nirmala Sitharaman. — File Photo

Tribune News Service
New Delhi, April 1

The government on Thursday said the orders slashing interest rates on small savings had been issued by oversight and would be withdrawn.

Finance Minister Nitmala Sitharaman informed of withdrawal of the controversial order through a tweet this morning saying “Interest rates of small savings schemes of GoI shall continue to be at the rates which existed in the last quarter of 2020-2021, ie, rates that prevailed as of March 2021.

Orders issued by oversight shall be withdrawn.”

Also read: U-turn: Ongoing polls force govt to reinstate January-March interest rates

The Congress was quick to hit back with party general Secretary Priyanka Vadra asking the FM, “Really @nsitharaman “oversight” in issuing the order to decrease interest rates on GOI schemes or election driven “hindsight” in withdrawing it?

Congress media chief Randeep Surjewala also hit back at FM asking if she was running a government or a circus.

“Madam FM, are you running a ‘Circus’ or a ‘Government? One can imagine the functioning of economy when such duly approved order affecting crores of people can be issued by an ‘oversight’.

Who is the competent authority referred in order?

You have no moral right to continue as FM.”

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