Naidu praises Urjit Patel

Modi govt. violating spirit of cooperative federalism, he says

November 21, 2018 09:45 am | Updated 09:45 am IST - NELLORE

A day after the RBI Central Board meeting, Chief Minister N. Chandrababu Naidu on Tuesday showered praise on RBI Governor Urjit Patel for not toeing the line of the Union government on various monetary policy issues. Mounting a scathing attack against the Narendra Modi government for allegedly undermining the autonomy of the bank regulator, the TDP national president at a “Dharma Poratam” meeting here underscored the need for a war to end the “'misrule” of the BJP-led NDA government.

It not only interfered with the functioning of the RBI but also misused high offices including that of the CBI, the CAG and the Governor to meet its political ends, he charged. That was why his government withdrew the ‘general consent’ to the CBI to exercise its jurisdiction within the State, he said.

He referred to the I-T raids on the firms of TDP leaders like C.M. Ramesh, Sujana Chowdary, Beeda Mastan Rao and Pothula Rama Rao and asserted the TDP would not be cowed down by such raids allegedly at the behest of the Prime Minister.

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