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PM Modi announced a stimulus package of Rs 20 lakh crore to cope with the impact of the coronavirus.
New Delhi:
Prime Minister Narendra Modi’s speech to the nation on Tuesday night, in which he announced an economic package of Rs 20 lakh crore and spoke of “confinement 4,” has been shattered by the opposition Congress, the Trinamool Congress. and the separate ally of the BJP, Shiv Sena. Most leaders focused on the lack of detail about both and criticized the Prime Minister for failing to address the issue of migrant workers, whose plight during the shutdown has left a lasting picture.
The package was received by a single leader of Congress. “Better late than never,” said Rajasthan Prime Minister Ashok Gehlot, whose state, among others, is awaiting fiscal stimulus from the Center.
Congressman Abhishek Singhvi noted that the prime minister had only mentioned the figure of 20 lakh crore, but gave no details. The Prime Minister had left the task to Finance Minister Nirmala Sitharaman.
He also expressed doubts about the shape and final size of the package, a suspicion shared by his party’s Maharashtra ally, Sharad Pawar’s Nationalist Congress Party.
“If substantially, specifically, the new proposal is 10 pc of GDP, it would be great. Both God and the devil lie in details, not available. 10 pc should be additional, not counting the old pre-crown schemes,” Singhvi tweeted.
The Nationalist Congress Party said the package “should not follow Bihar’s path.”
“Let’s see how it unfolds. We will wait for the details. But it should not go down the path that the Bihar package followed,” Maharashtra minister and NCP national spokesman Nawab Malik said, referring to the aid package announced for Bihar in 2015. The mega package was announced ahead of the 2015 elections, and opposition parties have repeatedly questioned how much it materialized.
Congress spokesman Jaiveer Shergill said: “Hoping that the rupee package of 20 rupees lakh is not written with the same pen that was used to make promises to give everyone 15 lakh rupees, clean up ‘Maa Ganga’, recover black money in 100 days, transform Varanasi to Kyoto and end terrorism with demonetization. “
The Trinamool Congress called the Prime Minister’s speech “incomplete and disappointing”, arguing that there was no proper direction on how the financial package will be used and what will happen in the next phase of closure.
“Most of his speech was about boasting about his government’s alleged achievements. There is no clear direction on how this Rs 20 lakh crore would be spent … He talked about Lockdown 4.0, but what will its structure be: no one knows,” senior parliamentary leader Sougata Roy said, according to India’s Press Trust news agency. .
Prime Minister Modi, who sought a plan for the blockade and his relief from the states on Monday, said Tuesday that details of the blockade will be announced later.
Deputy Rajya Sabha of Trinamool Derek O’Brien said: “We saw the wrapping paper, but we do not know what is inside the package. Because he did not announce the details. How will this money be raised? Tax increases? The devil lies in the package details, so we have to wait another day or two. “
The other member of the Maharashtra Congressional alliance, the Shiv Sena, said that while the Rs 20 lakh crore package was needed, the Prime Minister should also have talked about giving states their share of the Goods and Services Tax.
“The PM Cares Fund is criticized because it is not under the Right to Information Law. He should also have talked about it,” said party spokeswoman Manisha Kayande.
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