On Monday, Finance Minister Nirmala Sitharaman made several big announcements, including interest-free loan of Rs 12 thousand crore to the states. On this, the response of senior Congress leader and former Finance Minister P Chidambaram has come. P Chidambaram has said that the government has accepted the failure of its ‘so-called economic package’ of Rs 20 lakh crore. He also claimed that the announcements of Nirmala Sitharaman were not an incentive package, but rather an attempt to shock and comfort the people by exaggerating the figures.
Dug mountain out mice P. Chidambaram said, ” After reading the so-called stimulus consideration by the Finance Minister’s statement about the package left me mountain Hindi saying dug ‘went the mice remember.’ ‘The former finance minister claimed, “It is a solid confession that the so-called economic package of 20 lakh crore rupees was a huge failure.” It was a failure because it was a hoax. ”
According to EMI Chidambaram to government employees, the government has announced an advance amount of Rs 10,000 to government employees, which is not an additional expense. It will be charged in 10 monthly installments. This is a kind of EMI. He said, “The 12 thousand crore rupees offered to the states is not a grant, but a loan. All big states will get Rs 7500 crore, which is nothing compared to their total capital expenditure of Rs 9 lakh crore in the current financial year. It will make very little difference. ”
P Chidambaram alleged that offering tax concession on LTC to central government employees is a pathetic attempt to spend their own money from employees twice for the marginal benefit of tax. He said, “Those who need money have been left helpless once again. The government refused to send money to the account of the people, which was recommended by many economists and Congress and other parties. ”