Chidambaram slams government, asks why RBI is infusing liquidity – Times of India

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Chidambaram slams government, asks why RBI is infusing liquidity – Times of India


NEW DELHI:

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?”

The former minister in his 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.”

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 fir

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