Saturday, April 17, 2021
Home News Reports Jyotiraditya Scindia furthers half truth about India's forex reserves, gets fact-checked

Jyotiraditya Scindia furthers half truth about India’s forex reserves, gets fact-checked

Congress leader Jyotiraditya Scindia yesterday took to Twitter saying that India’s forex reserves have fallen to an over 7 month low at $402.7bn (Aug 3), having dipped $1.49bn over just July’s last week. He furthered his agenda by saying that with rising trade deficit and crude oil prices, the worsening situation of the Indian economy at hands of current government is evident.

Quite intelligently though, he substantiated his comment referring to an article reported by The Indianexpress, which read that ‘India’s foreign exchange reserves fell to over 7-month low of $402.7 billion in the week ended August 3’. But surely Jyotiraditya Scindia in his haste to belittle the government forgot to read that the article also mentioned the fact that India’s forex reserves have hit an all-time high of $426.08 billion in the week to April 13.

Nevertheless, Twitter users were prompt in fact-checking the Congress leader, not leaving this opportunity though, to poke fun at the Congress party. Twitter user Spaminder Bharti was quick to identify that the Indian Forex reserves were higher still by around 30% since the BJP gained power, outflanking the Congress in 2014.

An analysis of RBI data shows that India’s foreign exchange reserves have grown by $63 billion between May 24, 2014, when Narendra Modi was sworn in as Prime Minister, and May 5, 2017, handsomely outstripping the $52 billion increase between May 22, 2009, and May 23, 2014, under the rule of UPA Prime Minister Manmohan Singh.

Jyotiraditya Scindia, the Madhya Pradesh Congress leader, is no stranger to controversies. Not long back, the self-styled Janeudhari President Rahul Gandhi’s close aide, Scindia had stirred a controversy after a video had gone viral where he was seen throwing away a coconut which was given to him by his party workers.

Ahead of the Madhya Pradesh state elections, despite Congress trying hard to project a united front against the incumbent BJP, it was reported that all is not well in the party with Scindia getting into a poster war with another Congress bigwig, Kamal Nath, who had recently written a letter to Lord Shiva to help MP defeat BJP.

Another video had surfaced earlier where Scindia seemed to be unhappy about a woman Congress member sharing the stage with him and asks her to step down created enough ripples to embarrass the Congress party ahead of the state elections in Madhya Pradesh.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

Related Articles

Trending now

TMC’s Derek O’Brien opposes EC’s Covid campaign restrictions, says new rules very suitable to ‘Lutyens bungalow’ residents

TMC leader Derek O'Brien criticized the Election Commission's new Covid restrictions in a press conference today.

EC extends election campaign ban before polls in West Bengal to 72 hours, no campaigning allowed after 7 PM

In view of the worsening Covid-19 crisis in the country, the Election Commission has extended restrictions on campaigning for polls

BLM co-founder attempts to defend herself from criticism over buying property worth over million dollars, netizens point out Marxist hypocrisy

BLM co-founder Patrisse Khan-Cullors has been heavily criticised recently for buying a series of properties worth millions

Shekhar Gupta’s ThePrint accuses the centre of issuing diktats to states on COVID-19, which is far from the truth

ThePrint ignores that apart from the initial nationwide lockdown, centre has given every flexibility to states on the ward against COVID-19

Rally of dead bodies, threats against CRPF, lying and scaring with ‘detention camps’ so people don’t vote: What viral audio of Mamata Banerjee means

Mamata Banerjee was heard telling TMC worker Partha Pratim Roy to organise a political rally with the dead bodies to stir public sympathy

US intelligence backtracks on Russian bounty claims, here is how media ran unfounded stories to damage Trump’s re-election bid

A June 2020 article in NYT had claimed that Russia is offering money to Taliban-linked terrorists to kill US soldiers, a claim that has now been discredited.

Recently Popular

Aaj Tak to air public apology on 23rd April for sharing fake news on Sushant Singh Rajput, pay Rs 1 lac fine: Details

Aaj Tak has been asked by the NBSA (News Broadcasting Standard Authority) to air a public apology for fake news on Sushant Singh Rajput

Karan Johar’s Dharma Production fires Kartik Aryan, not to work with him again: Here is what happened

Dharma Productions said it was pushed to the wall by “unprofessional behaviour” of Kartik Aryan during shooting of Dostana 2

Andhra Pradesh man hacks family of six including two children to avenge the rape of his daughter: Details

Andhra Pradesh police confirmed that the incident was a fall out of a old feud between the accused and the victim family

Pakistan on the verge of civil war as it bans TLP for violent protests over the arrest of its leader and Muhammad cartoons in...

Pakistan Government has taken the decision to ban Tehreek-i-Labbaik Pakistan (TLP) for their violent protests in the country

TMC’s Mahua Moitra claims wishing Hindus on Hindu new year is ‘radicalisation’

While Moitra wanted to paint everyone who was celebrating the Hindu new year as 'radical', the hate for Hindus was actually more evident in her tweet.

Missionaries converted over 1 lakh people amidst the pandemic, claims to have planted more churches than all the 25 years of their work in...

Missionaries claim they used the distress faced by poor people during the lockdown to convert them to Christianity and build more churches
- Advertisement -

 

Connect with us

254,077FansLike
529,574FollowersFollow
24,200SubscribersSubscribe