Exactly a day after Prime Minister Narendra Modi announced the special economic package of Rs 20 lakh crore to fight the COVID-19 pandemic, Former Union Finance Minister and senior Congress leader P Chidambaram has, on Wednesday, taken to Twitter to express his notion on the fresh stimulus, which is about 10% of the nation's GDP.
In the series of tweets, Chidambaram said that the Prime Minister gave the nation a headline and a blank page. He stated that " Today, (May 13) we look forward to the FM filling the blank page. We will carefully count every additional rupee that the government will actually infuse into the economy".
Yesterday, PM gave us a headline and a blank page. Naturally, my reaction was a blank!
— P. Chidambaram (@PChidambaram_IN) May 13, 2020
Today, we look forward to the FM filling the blank page. We will carefully count every ADDITIONAL rupee that the government will actually infuse into the economy.
In the thread, the former minister further stated that "We will also carefully examine who gets what? And the first thing we will look for is what the poor, hungry and devastated migrant workers can expect after they have walked hundreds of kilometers to their home states." and added that " We will also examine what the bottom half of the population (13 crore families) will get in terms of real money."
His tweet has come as the response for the special economic package announced by the Prime Minister on Tuesday. During his fifth national address to the country on the outbreak, Narendra Modi said the special package of Rs 20 lakh crore would make India 'self-reliant' on tackling the COVID-19 spread.
We will also carefully examine who gets what?
— P. Chidambaram (@PChidambaram_IN) May 13, 2020
And the first thing we will look for is what the poor, hungry and devastated migrant workers can expect after they have walked hundreds of kilometres to their home states.
Modi revealed that the announced economic package is almost 10% of India's GDP and it will aid and support the different corridors of the economy and the country. Modi said that this package will concentrate on land, labor, liquidity, and law and it will largely aid the farmers, laborers, MSMEs, tax-payers, and industries.
Chidambaram's tweet has come hours before the press conference of Finance Minister Nirmala Sitharaman. According to the reports, Nirmala Sitharaman will be holding a press conference at 4 pm on Wednesday - May 13, during which she will announce the details of the special economic package.
Also read: 'New form' of Lockdown 4.0: How it would look like?
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