The Congress on Monday alleged that the Finance Minister does not understand the economy as he sought to increase demand and directly help people, after Finance Minister Nirmala Sitharaman announced several steps, including a Rs 1.1 lakh crore loan guarantee scheme. Instead again given ‘dose of debt’.
Party spokesperson Gaurav Vallabh told reporters, “I listened carefully to the press conference of the Finance Minister. The basic problem of the economy today is low GDP, high inflation, low demand and rising unemployment. But this is not understood by the Finance Minister. 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 will help people financially, talk about putting money in people’s pockets.” Vallabh alleged, “Today again like a package of 20 lakh crore rupees with a dose of debt announced in the year 2020. Made a mistake from. It seems that the Finance Minister has not understood the economy.
He questioned who are these people who are advising the Finance Minister on ‘dose of debt’. 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. When asked about the steps taken by the government to double the income of farmers, Vallabh said, “Our Annadatas are sitting near Delhi in the last seven months. The government does not have time to listen to them. We demand that the government should leave arrogance 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.
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