Former Finance Minister P. Chidambaram ‘cautiously’ welcomed Nirmala Sitharaman’s Relief Package, whilst warning that the Government would yet have to do more. In a tweet, Chidambaram said “I am glad that the government has announced a Financial Action Plan today that reflects some elements of the 10-point plan that I had put forward yesterday. I offer a cautious welcome.”
The MP however criticized that the plan did not put enough cash in the pockets of the poor, as certain sections were yet left out. Chidambaram in his own plan estimated the additional money to be transferred, including grain and pulses, to be Rs 1 lakh crore. He however did welcome the move of providing adequate additional food grain to the poor for three months.
Chidambaram further added “You will notice that suggestions like help to tenant farmers and destitutes, maintaining current levels of employment and wages, tax deferment, EMI deferment, GST rate cut, etc. have not been addressed” as he laid out hope for another iteration of the plan.
Finance Minister Nirmala Sitharaman on Thursday laid out a Rs 1.70 Lakh Crore relief package involving both Cash Transfers and Food Security to the poor; amidst a Government imposed 21 day lockdown to contain the Coronavirus outbreak in India.
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News Source: Economic Times