On Saturday, Congress Leader P Chidambaram asked Finance Minister Nirmala Sitharaman to answer “please” how to describe the “mismanagement” of the economy before the coronavirus pandemic.
Sitharaman said Thursday that the economy has been affected by the pandemic, which is an “act of God”, and will see a contraction in the current fiscal.
Criticizing Sitharaman for the comment, Chidambaram said: “If the pandemic is an ‘act of God’, how do we describe the mismanagement of the economy during 2017-18, 2018-19 and 2019-20? Before the pandemic hit India? “Will the FM as Messenger of God respond?” the former Finance Minister asked on Twitter.
In a series of tweets, the congressional leader also criticized the Center for asking states to borrow more to make up for lost revenue due to outstanding GST fees.
He claimed that the two options given by the Modi government to states to close the GST compensation gap are unacceptable.
“Under the first option, states are asked to borrow by committing their future accounts receivable under the termination of compensation. The financial burden falls entirely on the states, ”Chidambaram said.
“Under the second option, states are asked to borrow from the RBI window. It’s more of a market loan, just under a different name. Once again, the entire financial burden falls on the states, ”he said.
Chidambaram stated that the central government is exempting itself from any financial responsibility. This is a “grave treason” as well as a “direct violation of the law”, he alleged.
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