Wednesday, Aug 05, 2020 | Last Update : 10:07 AM IST

133rd Day Of Lockdown

Maharashtra45795629935616142 Tamil Nadu2682852087844349 Andhra Pradesh176333956251604 Karnataka145830692722704 Delhi1391561252264033 Uttar Pradesh100310572711817 West Bengal80984568841785 Telangana6894649675563 Gujarat65704485612529 Bihar6203140760349 Assam4816233429115 Rajasthan4667932832732 Haryana3779631226448 Odisha3768124483258 Madhya Pradesh3508225414912 Kerala279561629988 Jammu and Kashmir2239614856417 Punjab1901512491462 Jharkhand140705199129 Chhatisgarh10109761369 Uttarakhand8008484795 Goa7075511460 Tripura5520367528 Puducherry4147253758 Manipur301818147 Himachal Pradesh2879171013 Nagaland24056594 Arunachal Pradesh179011053 Chandigarh120671520 Meghalaya9173305 Sikkim7832971 Mizoram5022820
  India   All India  18 May 2020  Chidambaram slams Centre, says stimulus package hopelessly inadequate

Chidambaram slams Centre, says stimulus package hopelessly inadequate

PTI
Published : May 18, 2020, 2:29 pm IST
Updated : May 18, 2020, 2:29 pm IST

The party sought a revised and comprehensive package of 10 per cent of the GDP

 Congress on Monday said the fiscal stimulus package announced by the government is
  Congress on Monday said the fiscal stimulus package announced by the government is "hopelessly inadequate". (PTI Photo)

New Delhi: The Congress on Monday said the fiscal stimulus package announced by the government is "hopelessly inadequate" given the gravity of the economic crisis as it amounts to only Rs 1.86 crore, which is 0.91 per cent of the GDP.

The party sought a revised and comprehensive package of 10 per cent of the GDP.

 

Senior Congress leader and former finance minister P Chidambaram said the stimulus package has left several sections like the poor, migrants, farmers, labourers, workers, small shopkeepers and middle class high and dry.

"We express our thorough disappointment and request the government to reconsider the stimulus package and announce a revised and comprehensive fiscal stimulus package of not less than Rs 10 lakh crore of real additional expenditure equivalent to 10 per cent of GDP," he said at a press conference through video-conferencing.

Chidambaram also accused the government of being opportunistic by pushing reforms. It is bypassing Parliament and a discussion on the package and this will be strongly resisted, he added.

 

"I think the government is deliberately sidelining Parliament. A meeting of the Parliamentary Committee should at least be held to discuss the fiscal stimulus package," he said.

Tags: congress, stimulus package, government, hopelessly inadequate, economic crisis, gdp, chidambaram
Location: India, Delhi, New Delhi