Hyderabad, Apr 26 UNI | 3 months ago

Loksatta Party national president Jayaprakash Narayan today termed 'irresponsible' Congress vice-president Rahul Gandhi's promise to waive farmers' bank loans of up to Rs two lakh.

Addressing a newsconference, Dr Narayan wanted to know whether the loan waiver would be applicable to farmers in both the emerging states. Who would foot the bills ? the Center or the states? Has any homework been done on the implications? Has the Reserve Bank of India been consulted?

Dr Naryan asked who had given the authority to the Congress to announce a decision that disrupts the economy. What would happen if the RBI imposes a freeze on grant of bank loans to people in the state taking exception to the government's credit indiscipline?.

He had earlier voiced concern over regional parties making wild promises unmindful of their deleterious consequences. Now even a national party like the Congress has placed its interests above those of the country, he said.

(Posted on 27-04-2014)