Covid-19 LIVE Updates : Nirmala Sitharaman to provide details of relief package worth Rs 20 lakh crore at 4 pm
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NEW DELHI : Former finance minister and senior Congress leader P Chidambaram on Wednesday reacted to Prime Minister Narendra Modi’s announcement of releasing Rs 20 lakh crore as an economic stimulus package for the country amid the coronavirus crisis.
Chidambaram said that he looks forward to learning the details of the stimulus package which will be made public by Union Finance Minister Nirmala Sitharaman.
Covid-19 LIVE Updates : Nirmala Sitharaman to provide details of relief package worth Rs 20 lakh crore at 4 pm
Yesterday, PM gave us a headline and a blank page. Naturally, my reaction was a blank!
Today, we look forward to the FM filling the blank page. We will carefully count every ADDITIONAL rupee that the government will actually infuse into the economy.
— P. Chidambaram (@PChidambaram_IN) May 13, 2020
The Congress leader said that in yesterday’s announcement, the prime minister gave a “headline” and a “blank page”, suggesting that no details of the package were conveyed and much was left for speculation.
“Yesterday, PM gave us a headline and a blank page. Naturally, my reaction was a blank!” Chidambaram tweeted.
Covid-19 LIVE Updates : Nirmala Sitharaman to provide details of relief package worth Rs 20 lakh crore at 4 pm
He added that every “additional rupee that the government will actually infuse into the economy” will be carefully counted. What the package offers to the poor, migrants workers will also be carefully examined, Chidambaram said.
We will also examine what the bottom half of the population (13 crore families) will get in terms of REAL MONEY.
— P. Chidambaram (@PChidambaram_IN) May 13, 2020
“We will also carefully examine who gets what? And the first thing we will look for is what the poor, hungry and devastated migrant workers can expect after they have walked hundreds of kilometres to their home states,” he tweeted.
Covid-19 LIVE Updates : Nirmala Sitharaman to provide details of relief package worth Rs 20 lakh crore at 4 pm
Earlier this week, Chidambaram welcomed Centre’s move to start operating some passenger trains from May 12 amid the coronavirus lockdown. “The same modest opening should be started with road transport and air transport,” Chidambaram said in a tweet.
PM Modi, in his address to the nation on Tuesday, said that the stimulus package is roughly around 10% of the country’s gross domestic product (GDP) and will infuse vigour into the economy amid the Covid-19 crisis. PM’s announcement came a day after his marathon meet via video-conference with various chief ministers.
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