Rahul Gandhi has launched a scathing attack on the BJP government at the Center over the falling value of the rupee. He said that the rupee is weakening against the dollar and this is a clear sign of coming inflation. He says that the government talks ’empty talks’ because due to the West Asia crisis there is a shortage of LPG in the country and the economy is under pressure.
Rahul Gandhi posted on Twitter, ‘Rupee is weakening against dollar and moving towards 100. Also, the prices of industrial fuel are increasing rapidly. These are not just figures, but clear indications of coming inflation. He further said, ‘The government may call it ‘normal’, but the reality is that production and transportation will become expensive. Small-medium industries (MSMEs) will be most affected. Prices of everyday items will increase. Foreign investors will withdraw money rapidly, which will put further pressure on the stock market.
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Said- direct impact on everyone’s pocket
Rahul warned, ‘This will have a direct impact on the pockets of every family. After the elections the prices of petrol, diesel and LPG will be increased. Modi government has neither direction nor strategy, just empty rhetoric. The question is not what the government is saying, the question is what will be left in your plate.
Rajya Sabha MP Kapil Sibal also expressed concern. He said that Iran’s retaliatory action could destroy India’s economy. Because we are very dependent there for gas, LPG and crude oil. It may take years to restore these resources.
What did Kapil Sibal say?
Kapil Sibal said, ‘Our energy comes from the Middle East, which passes through the Strait of Hormuz. If the crisis increases there will be a shortage of energy. Trade and manufacturing cannot run without energy. Government and PM should not remain silent. Iran’s action will affect the petroleum and gas resources in the Gulf, which will cause huge damage to our economy.
Also read: ‘Comes like a tapori’, what did Kangana Ranaut say on Rahul Gandhi?
rupee fell down
The rupee reached a record low on Friday. It closed at Rs 93.71, a huge fall of 108 paise from its previous close of Rs 92.63. This is the sharpest one-day decline in four years. Oil prices may remain above $100 due to increasing conflict in West Asia. This is affecting the energy infrastructure and increasing pressure on oil importing countries like India.
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