Finance Minister has no understanding of the economy, then did the work by giving ‘dose of debt’: Congress

0 0
Read Time:2 Minute, 9 Second

Finance Minister has no understanding of the economy, then did the work by giving ‘dose of debt’: Congress

https://www.justgotnews.com/?p=1960(opens in a new tab)

The Congress has targeted the announcement of a loan guarantee scheme of Rs 1.1 lakh crore by the Finance Minister to revive the economy affected by the second wave of Corona. The Congress says that the Finance Minister does not understand the economy as he has again given a ‘dose of debt’ instead of increasing the demand and helping the people directly. Party spokesperson Gaurav Vallabh said, ‘I listened carefully to the press conference of the Finance Minister. The basic problems of the economy today are low GDP, high inflation, low demand and rising unemployment. But the Finance Minister is not understanding the same thing. Today again he did not talk about it.’

“The outcome of the debt dosing model is known to all,” he claimed. People need help, not a dose of debt. People were hoping that you would help people financially. You will talk about putting money in people’s pockets. Vallabh alleged, “The mistake was made again today like the Rs 20 lakh crore package of debt announced in the year 2020. It seems that the Finance Minister has not understood the economy. He questioned who are these people who are advising the Finance Minister on ‘debt dose’.

According to the Congress spokesperson, ‘Why is the GDP falling? Why is inflation rising and how will it be brought down? There is a steady decline in demand, what steps are being taken to increase the demand? What is being done to help unemployed people? Why didn’t the Finance Minister talk about it?’ He said that the government has to understand that without paying attention to these points, the economy cannot be brought back on track. Asked about the steps taken by the government to double farmers’ income, Vallabh said, “Our Annadatas are sitting near Delhi in the last seven months. The government does not have time to listen to them. Our demand is that the government should leave ego and listen to the farmers.

Significantly, Finance Minister Nirmala Sitharaman announced various measures, including a loan guarantee scheme of Rs 1.1 lakh crore to improve infrastructure in the health sector, with the intention of giving impetus to the economy affected by the Kovid epidemic. Along with this, he announced to increase the limit by 50 percent to Rs 4.5 lakh crore under the Emergency Credit Guarantee Scheme (ECLGS) for the Micro, Small and Medium Enterprises (MSME) sector.

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *