scorecardresearch
Follow Us:
Sunday, September 27, 2020

Chidambaram’s jibe at Sitharaman: How will FM as ‘Messenger of God’ describe economy before Covid

Sitharaman on Thursday had said the economy has been hit by the pandemic, which is an 'Act of God', and it will see a contraction in the current fiscal.

By: PTI | New Delhi | Updated: August 29, 2020 1:08:03 pm
gdp data, gdp data india, gdp q1 data, gdp q1 data 2020, gdp q1 growth data, gdp q1 growth rate, gdp data india 2020, gdp data 1st quarter, gdp 1st quarter data, gdp data 2020, gdp 1st quarter data 2020, gross domestic product data, gross domestic product data india, gross domestic product data india 2020, gdp data today, gdp data news, gdp 1st quarter 2020 indiaChidambaram said ‘we warned the government and urged the government to take preventive and pre-emptive measures, but our pleas fell on deaf ears’. (File)

Senior Congress leader P Chidambaram on Saturday took a dig at Finance Minister Nirmala Sitharaman over her ‘Act of God’ remarks on the economy, saying will “the FM as the Messenger of God” answer how should the “mismanagement” of the economy before the coronavirus pandemic be described.

Sitharaman on Thursday had said the economy has been hit by the pandemic, which is an ‘Act of God’, and it will see a contraction in the current fiscal.

Taking a swipe at Sitharaman over the remarks, Chidambaram said, “If the pandemic is an ‘Act of God’, how do we describe the mismanagement of the economy during 2017-18, 2018-19 and 2019-20. Before the pandemic struck India?”

“Will the FM as the Messenger of God please answer?” the former finance minister asked.

Chidambaram also slammed the Centre for asking states to borrow more to make up for revenue losses due to pending GST dues.

He asserted that the two options given by the Modi government to the states to bridge the GST compensation gap are unacceptable.

“Under the first option the states are asked to borrow by pledging their future receivables under Compensation cess. The financial burden falls entirely on the states,” Chidambaram said.

“Under the second option, states are asked to borrow from the RBI window. It is more market borrowing, only by a different name. Again, the entire financial burden falls on the states,” he said in a series of tweets.

Chidambaram claimed that the central government is absolving itself of any financial responsibility.

This is a “gross betrayal” as well as a “direct violation of the law”, he alleged.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest India News, download Indian Express App.

0 Comment(s) *
* The moderation of comments is automated and not cleared manually by indianexpress.com.
Advertisement
Advertisement
Advertisement
Advertisement