- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Freya Deshmane riding on Reinroe Adare Acrobat claimed the top spot and clinched the gold
- Salah sets Premier League record in Liverpool's draw at Newcastle
- India Open Competition in Shotgun begins in Jaipur, paving way for Nationals' qualification
- Hockey India names Amir Ali-led 20-man team for Junior Asia Cup
- Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
Chidambaram slams govt, asks why RBI is infusing liquidity Last Updated : 23 May 2020 03:07:04 PM IST Former Union Finance Minister P. Chidambaram (file pic) Former Union Finance Minister and senior Congress leader P. Chidambaram, on Saturday, slammed the central government and questioned why the Reserve Bank of India (RBI) is infusing more liquidity as the growth in financial year 2020-21 is headed towards negative territory.
In a series of tweets, Chidambaram said, "RBI Governor says demand has collapsed, growth in 2020-21 headed toward negative territory. Why is he then infusing more liquidity?"Governor @DasShaktikanta says demand has collapsed, growth in 2020-21 headed toward negative territory. Why is he then infusing more liquidity?
— P. Chidambaram (@PChidambaram_IN) May 23, 2020
He should bluntly tell the government ‘Do your duty, take fiscal measures’.The former Minister in next tweet also said that Shaktikanta Das should bluntly tell the government -- "Do your duty, take fiscal measures"."Even after RBI's statement, is the Government or Finance Minister (Nirmala Sitharaman) lauding themselves for a package that has fiscal stimulus of less than 1 per cent of gross domestic product (GDP)?" he said.Slamming the Rashtiya Swayamsewak Sangh (RSS), Chidambaram said, "RSS should be ashamed of how the government has dragged the economy into negative growth territory."Governor @DasShaktikanta says demand has collapsed, growth in 2020-21 headed toward negative territory. Why is he then infusing more liquidity?
— P. Chidambaram (@PChidambaram_IN) May 23, 2020
He should bluntly tell the government ‘Do your duty, take fiscal measures’.His remarks came a day after the RBI delivered an emergency rate cut for the second time in as many months on Friday as it judged that the Covid-19 pandemic poses a grave threat to the country and will lead to the first economic contraction in 40 years.Das on Friday announced a 40 basis points (bps) cut in repo and reverse repo rates, while markedly pivoting the central bank's focus from inflation control to fostering growth. Das pledged to take whatever "measures are necessary" to meet the challenges posed by the pandemic.He also said that India's GDP growth rate for the financial year 2020-21 is likely to be in the negative territory.IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
172.31.16.186