New Delhi: Congress on Tuesday hit the government for stimulus steps announced by IT to support the economic-hit economy, with former party head Rahul Gandhi said there were no families who could spend the economic package on their daily needs and that was not what – What is “but fake”.
Minister of Finance Nirmala Sitharaman on Monday announced Crore Rs 1.5 lakh from additional credit for small and medium enterprises, more funds for the health care sector, loans to tourism and guidance institutions, and neglect of visa fees for foreign tourists as part of the economic package , Reacting to the government stimulus package for the economy, Gandhi said, “no family can spend the ‘economic package’ FM at the cost of their children’s medical schools.” “This is not a package, but fake!” He said in a tweet in Hindi.
FM के ‘आर्थिक पैकेज’ को कोई परिवार अपने दवाने्चे की स्कूल फ़ीस पर ख़र्च नहीं कर सकता.पैकेज नहीं, एक और ढकोसला – Rahul Gandhi Leader (@rahulgandhi) 1624941766000senior Congress P Chidambaram also criticized the government over the package and Saying answers to “crisis” this is to spur demand by putting money into the people’s hands, especially those who are poor and the lower middle class.
“Some basic truths: Credit guarantees are not credit.
Credit is more debt.
No bankers will lend a business ridden by debt,” Chidambaram said.
Some basic truths: Credit guarantees are not credit credit more debt.
There is no banker who will lend debt …
https://t.co/ovbnny3wa2- P.
Chidambaram (@pchidambaram_in) 1624940951000DEBT-LEFTING or BUSINESS HOLIDARY CASH does not want credit more, they need non-credit capital, the first minister of finance said in a series of tweets.
“More inventory does not mean more requests (consumption).
Conversely, more requests (consumption) will trigger more supply,” he said.
Requests will not grow in the economy where work has disappeared and income or wages reduced, Chidambaram argues.
“The answer to this crisis is to put money in the hands of people, especially the middle and lower middle class,” he said.
The congress on Monday claimed that the steps announced by the Minister of Finance “did not provide headlines” and said the government had to take steps to spur the demand for reviving the economy “which continues to be in lethargic”.