October 30, 2020
Home  »  Website  »  National  »  Borrow From RBI Or Release Money From ‘Pvt Trust Fund’ To Pay GST Dues: Sitaram Yechury To Govt

Borrow From RBI Or Release Money From ‘Pvt Trust Fund’ To Pay GST Dues: Sitaram Yechury To Govt

Though the CPI (M) General Secretary did not name the 'private trust fund' he was referring to, he has often attacked the government over PM-CARES Fund terming it a 'private trust'.

Google + Linkedin Whatsapp
Follow Outlook India On News
Borrow From RBI Or Release Money From ‘Pvt Trust Fund’ To Pay GST Dues: Sitaram Yechury To Govt
File photo
Borrow From RBI Or Release Money From ‘Pvt Trust Fund’ To Pay GST Dues: Sitaram Yechury To Govt
outlookindia.com
2020-09-08T16:07:55+05:30

Accusing the government of denying states their legitimate GST dues, CPI(M) leader Sitaram Yechury Tuesday said it must borrow from the RBI or release money from “a private trust fund”, an oblique reference to the PM-CARES Fund, to pay the states.

“Modi government must immediately borrow from RBI and pay the states their legitimate GST dues. At least now Modi must release ? thousands of crores amassed in a private trust fund bearing his name to the states to strengthen the combat against Covid,” Yechury said in a tweet.

Though the CPI (M) General Secretary did not name the “private trust fund” he was referring to, he has often attacked the government over PM-CARES Fund terming it a “private trust”.

In a tweet on July 7, he had said, “Thousands of crores are collected by a private trust bearing PM’s name, using govt authority. This is non-transparent, non-auditable, hence non-
accountable. Shameful: Money is made in the name of combating the pandemic, as people suffer from this health emergency. Another Scam.”

The Supreme Court had recently refused to order transfer of funds from the PM CARES Fund to the National Disaster Response Fund (NDRF), saying they are two “entirely different funds with different object and purpose”.

It had also said there was “no occasion for audit by the Comptroller & Auditor General of India” as PM-CARES Fund was a public charitable trust.

On Tuesday, Yechury also hit out at the government over reports that the Centre was seeking updates on coronavirus directly from district officials thus “bypassing” the elected
governments.

“PM to DM minus CM! States are on the frontline combating the pandemic. Instead of helping them, Centre denied paying them their legitimate GST dues. Now it bypasses the elected governments, gets officers to report directly. Surveillance?” he said in another tweet.


For in-depth, objective and more importantly balanced journalism, Click here to subscribe to Outlook Magazine
Next Story >>
Google + Linkedin Whatsapp

The Latest Issue

Outlook Videos