The Congress on Tuesday (June 24, 2025) attacked the Centre over rates of interest on financial savings accounts reportedly reaching the bottom stage in 25 years, alleging that the Modi authorities has, in the final 11 years, left no stone unturned in “ruining” the country’s rapidly growing financial system.
Congress basic secretary in-charge of communications Jairam Ramesh shared a media report on X which claimed that the 1% reduce in repo charge by the RBI has pressured banks to scale back their deposit charges, pushing financial savings account rates of interest to a 25-year low.
“In the last 11 years, the Modi government has left no stone unturned in ruining the country’s rapidly growing economy. Starting with demonetisation, new experiments are being conducted on the people of the country every year; they are being tortured in new ways everyday,” Mr. Ramesh mentioned in a publish on X in Hindi.
The rates of interest on financial savings accounts have reached the bottom stage in 25 years, which is immediately hitting the pockets of the aged and the frequent residents, he mentioned.
“Banks have already closed their doors for the common people; after this, they will be available only to the very rich capitalist friends,” the Congress chief mentioned.
“Prime Minister, the well-being of the people of the country is your first responsibility, but you are busy in increasing the wealth of your capitalist friends by diverting the money of the people of the country to their companies through the stock market,” Mr. Ramesh alleged.
This is a large injustice and deception in direction of the folks of the nation, he mentioned.
The Congress has been attacking the federal government over its dealing with of the financial system, claiming the problems of rising costs, reducing personal funding and stagnating wages have been hitting the frequent folks onerous.
