RBI should ‘bluntly’ tell govt to take fiscal measures: P Chidambaram

RBI should ‘bluntly’ tell govt to take fiscal measures: P Chidambaram

Senior Congress leader P Chidambaram on Saturday asked RBI Governor Shaktikant

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Senior Congress leader on Saturday asked RBI Governor to “bluntly” tell the government to do its duty and take fiscal measures if he feels that the demand has collapsed and the GDP growth is heading towards negative territory.

He also asked if the prime minister or the finance minister will laud themselves for the after the RBI chief’s statement.

“Governor says demand has collapsed, growth in 2020-21 headed toward negative territory. Why is he then infusing more liquidity? He should bluntly tell the government ‘Do your duty, take fiscal measures’,” the former finance minister said in a tweet.

“Even after RBI’s statement, is the PM or Nirmala Sitharaman lauding themselves for a package that has of less than 1 pc of GDP,” he asked.

Chidambaram had earlier said the package announced by the government is “hopelessly inadequate” given the gravity of the economic crisis.

He also trained his guns on the…

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