Government has no choice, must listen to wise counsel: Chidambaram


New Delhi, May 27 (IANS): The Congress, after rejecting the government's economic package announced to revive the economy, has said that sooner than later the government will accept the suggestions made by the Congress.

Former Finance Minister P. Chidambaram on Wednesday said on Twitter: "I had tweeted a few days ago that the day is not far off when the Congress' suggestions will be accepted by the government. A stubborn government has no choice and must listen to experience and wise counsel."

"The government has hinted at taking up cash transfers to the poor," Chidambaram added citing media reports.

"The government has also practically admitted through unnamed sources that it has asked the RBI to be prepared for monetising part of the fiscal deficit," he further said.

The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.

Rahul Gandhi in his press conference on Tuesday said it is important the Government share concrete plans for how it intends to deal with our migrants crisis? How does it plan to scale up testing which is urgently needed? How does it plan to support our MSMEs? How will our State Governments be funded? There are many critical questions that the Government is not providing us answers to, which need to be addressed urgently, he said.

"Earlier this month, the Prime Minister announced an economic stimulus which according to him was equivalent to 10 per cent of the GDP. However, economists in India and around the world have done the maths and come to the sad conclusion that the economic stimulus announced by the Prime Minister is actually less than 1 per cent of our GDP and that too most of it is in terms of loans that could drag our MSMEs into a debt trap from which they will struggle to recover," Rahul Gandhi had said.

  

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Comment on this article

  • Ramesh Vasudeva Rao, UAE

    Thu, May 28 2020

    direct cash transfer and printing of notes are too too bad for future. Inflation will shoot up, raising interest rates which will lead to decline in industry. This is what congress want. BjP will not fall into this. Raga 's idea? -joke of the millenium- whatvevr he says is what lungiwala has told him to tell.

    DisAgree [2] Agree Reply Report Abuse

  • vishnu bhat, bangalore

    Wed, May 27 2020

    once the Govt realises that its experts are hollow and have no domain knowledge, it will listen to wise counsel. That time is not far off.

    DisAgree [1] Agree [4] Reply Report Abuse

  • Veer, Nagpur

    Wed, May 27 2020

    When times are tough and going gets difficult BJP has to swallow it's false pride and accept Congress's time tested and experienced ideas. In fact all the good measures so far taken by BJP are Rahul Gandhi's advice and BJP has praised Rahul Gandhi with folded hands and bowing thier heads before RaGa. As Chidambaram puts it BJP sooner or later have to take Congress's advice and impliment Congress's ideas and BJP has done so. This is the real litmus test of this incompetent governance of BJP. Name one knowlageble person stands out in BJP to make these working decisions except thier one way fake bhashans and accusing opposition to get even.

    DisAgree [3] Agree [5] Reply Report Abuse

  • Rathan, Mangalore

    Wed, May 27 2020

    Myna
    MODI Govt has already announced the cash transfer to ppl effected due to lock down subject to some conditions. Now this Tihar return wants to get the credit of cash benefits givrn as if it is his and his leader pappu suggestion

    DisAgree [5] Agree [3] Reply Report Abuse

  • R.Bhandarkar, Mangaluru

    Wed, May 27 2020

    Wise counsel according to him means whom?
    Conners?
    This fella has brought shame to such a big family name !
    Yet keeps on ranting..

    DisAgree [4] Agree [4] Reply Report Abuse

  • kumara, abu dhabi

    Wed, May 27 2020

    after spending time in tihar wisdom has dawned for more people

    DisAgree [5] Agree [4] Reply Report Abuse

  • GURKA, MANGALURU

    Wed, May 27 2020

    First we thought these TAMILIAN people are most wisest people in India comparing to other states ! Which you and NITYANANDA proved 100 % wrong to not only India but entire WORLD !!! Go and get a life MAN with RG ! you looser ..

    DisAgree [5] Agree [7] Reply Report Abuse

  • Ashok Rao, USA

    Wed, May 27 2020

    Only Subramaniam Swamy is the wisest, because he is a brahmin.

    DisAgree [1] Agree [4] Reply Report Abuse

  • myna, mysuru

    Wed, May 27 2020

    "The government has hinted at taking up cash transfers to the poor," Chidambaram added citing media reports. - Ultimately Rahul Gandhi's proposal of NYAY in the Congress Manifesto is the ultimate solution.

    DisAgree [3] Agree [12] Reply Report Abuse


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