Former Finance Minister P Chidambaram hit out at PM Modi over the financial system. (File)
New Delhi:
Congress veteran P Chidambaram has as soon as once more hit out on the authorities over the state of the nation’s financial system, this time straight hitting out at Prime Minister Narendra Modi.
Mr Chidambaram, who was the Finance Minister within the Congress-led UPA authorities, pulled out a 2013 tweet by PM Modi, when he was the Chief Minister of Gujarat. The 2013 tweet, which focused Mr Chidambaram, learn: “Economic system is in hassle, youth need jobs. Dedicate extra time to economics not petty politics. Chidambaram ji, please deal with the job at hand!”
Sharing a screenshot of the tweet, Mr Chidambaram, 74, wrote, “I’ve to say the identical factor to the Honourable Prime Minister!
I’ve to say the identical factor to the Honourable Prime Minister! pic.twitter.com/reNmp84mRu
— P. Chidambaram (@PChidambaram_IN) September 2, 2020
Congress leaders, together with P Chidambaram and Rahul Gandhi, have shredded the federal government over the contraction of India’s GDP – by 23.9 per cent within the April-June interval – accusing it of ignoring repeated warnings from consultants on the extent to which the coronavirus pandemic had affected the financial system. Mr Chidambaram had mentioned consultants had warned the federal government of simply such a state of affairs and that it might take “many months earlier than the financial system turns the nook”.
In an interview to NDTV on Tuesday, he took a swipe at Finance Minister Nirmala Sitharaman’s “Act of God” remark on the impression of coronavirus on the financial system. He mentioned, “Do not blame God for a man-made catastrophe.”
He additionally referred to as the federal government’s aid bundle “a joke”.
Mr Chidambaram had additionally questioned Chief Financial Adviser KV Subramanian’s declare after the shock GDP information that the nation had suffered because of the lockdown and would see a greater efficiency within the coming quarters on the again of a “V-shaped restoration” in numerous sectors.
