The flawed ‘analysis’ by Anil Swarup was amplified by veteran business journalist Sucheta Dalal who in an X post published on 4th December said, “Some perspective for those wearing saffron tinted glasses. Try thinking when you cheer a govt that kills faith in institutions/regulators (SEBI), makes it hard to reclaim your own money (@authorityiepf @socialepfo @RBI), extracts 18% GST on essentials!”
SBI’s Chief Economic Advisor, Ghosh added that the first quarter of 2023-24 saw a huge increase in capital expenditure both by the centre (63%) and the states (41%).
“We realised that the banking sector needs to be healthy and therefore we took a lot of measures. Banks are able to work without political interference, they are working with professional integrity. 'Banks mein failaya hua aapka raita hum saaf kar rahe hai’,” Minister Sitharaman said.