According to sources india NATIONAL CONGRESS' target='_blank' title='congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>congress leader and former Finance minister P chidambaram on thursday remained deeply critical of the Union Budget 2019-20. Meanwhile after the budget was presented in lok sabha on february 1, chidambaram said he would rank the budget between 0 and 1. When speaking to india Today Consulting Editor Rajdeep Sardesai, P chidambaram reiterated his feelings about the budget.
He said, "Every budget has a purpose. It is defined by the context and the circumstances in which the nation finds itself. Today, there is a dire need to arrest six-quarter decline and revive growth and look at the other things later." He added "I would not hesitate to rate the budget a zero". Perhaps P chidambaram questioned the numbers put up by the government for different measures. He said, "The current year's nominal growth is estimated at 12 per cent and it ended at 8.5 per cent. If you project next year's nominal growth at 10 per cent, imagine what it will be?"
Perhaps he also criticised the government over increasing inflation. "I can't see how the slide will be arrested and growth will start". The india NATIONAL CONGRESS' target='_blank' title='congress-Latest Updates, Photos, Videos are a click away, CLICK NOW'>congress leader also spoke on the government's plan to disinvest LIC. "The government must tell why they must disinvest LIC. It is no longer a monopoly, it is profitable, it is well-managed, it has increased its market share and it is competing with the biggest competitors. It is not at all like air india, then why sell it?" Also he accused the government of not being able to manage financial institutions and NPAs.
