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.

- Ad - - article resumes -

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.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

While the date of the recording is not clear, it can be inferred from above conversation that it took place sometime in July.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Barkha Dutt’s strange coincidences with a Kashmiri who wished death upon PM Modi and Amit Shah

Idrees ul Haq, with whom Barkha Dutt had a series of ‘coincidences’ is a known separatist sympathiser

Army veteran Surendra Poonia receives threats from Pakistan, files online complaint with cyber crime portal

Major Poonia shared screenshots of the threats he has been receiving as well as screenshot of message which said how an unknown number had threatened to character assassinate him and malign him.

Deplorable ‘journalists’ further Pakistan propaganda and undermine India: Why should their patriotism not be questioned

Indian 'journalists' and 'intellectuals' have taken up the mantle of peddling the Pakistan narrative on Kashmir it appears.
Shah Faesal was reportedly planning to approach ICJ over India’s decision to abrogate Article 370

IAS-turned-politician Shah Faesal was travelling to file case against India in the ICJ over Kashmir issue: Report

Shah Faesal was nabbed at the New Delhi International Airport on August 14 when he was trying to leave the country, reportedly, to Turkey

Here is why Shobhaa De could be first in a long list to be exposed by Pakistan

India’s stand on abrogation of Article 370 and 35A and dilution of Jammu and Kashmir from a state to a Union Territory has dropped the baby of pretence.

Purported email screenshots of Kavita Krishnan’s team show them discussing use of retired judges and ex-military officers for Kashmir propaganda

Purported screenshots of internal emails of urban naxals are being circulated on social media

After the abrogation of Article 370, Pakistan Minister expresses angst over Rahul Gandhi not winning 2019 elections

After abrogation of Article 370 by the Modi government, Congress and Pakistan seem to have found an ideological soulmate in each other
Shehla Rashid bats for Armed insurgency in Kashmir

Career-protester-turned-politician Shehla Rashid downplays terrorism in Kashmir, calls legitimate action by India ‘state terrorism’ instead

According to Shehla Rashid, India has been inflicting atrocities on Kashmiris since 1953
PM Modi's debut on Man vs Wild becomes most viewed show worldwide with 3.6 billion impressions, leaving Super Bowl behind

PM Modi’s debut on Man vs Wild becomes most trending show worldwide with 3.6 billion impressions, leaving Super Bowl behind

The appearance of PM Modi on Discovery’s ‘Man vs Wild’ show with survivalist and adventurer Bear Grylls has garnered 3.6 billion impressions and counting.
Syed Akbaruddin addressed the media yesterday at the UN, affirmed that any decisions regarding Jammu and Kashmir is India's internal matter and if Pakistan wants any talks with India, it has to stop promoting terrorism first.

We do not need international busybodies to tell us how to run our lives, Pakistan using Jihad to promote violence: Syed Akbaruddin

"India is a vibrant democracy, we do not need international busybodies to tell us how to run our lives", India's ambassador to the UN Syed Akbaruddin.
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

180,689FansLike
170,192FollowersFollow
89,111SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post