Nirmala Sitharaman took away seventy five thousand crore rupees of RBI reserve and publicly said that she can not reveal to what purpose it has been used.
I am ashamed of financial experts of the country because they did not pay due attention to the issue.
Now because of the news related to Viral Acharya I know better.
Anyone who figures out this money would be scared for his or her life.
Viral Acharya served as the Deputy Governor of the Reserve Bank of India (RBI) from January 2017 to July 2019, overseeing the Monetary Policy Department.
During his time at the central bank, he also served as a member of the advisory council of the RBI Academy. He famously stepped down from his position six months ahead of his scheduled term citing personal reasons, following a period of well-publicized differences between the RBI and the government regarding central bank autonomy and the transfer of RBI reserves.
It seems that the Saffronites used the reserve of RBI for poll expenditures of the ruling party.