Measures to boost consumption, including paying GST arrears to states, including raising money by borrowing to pull the country's economy out of its sharpest nosedive on record. This what I interpreted that @PChidambaram_IN says:- (1/n)
Measures recommend to stimulate demand,consumption, to drive production & revive the economy, Guv must transfer cash to poorest 50 per cent families,use food grain stock to pay wages in kind,increase spending on public works,re-capitalize banks to enable them to lend again. (2/n)
@PChidambaram_IN has been urging the government to take concrete measures to revive the economy and has called upon it to provide GST compensation to states, as promised to them at the time of GST implementation. (3/n)
@sadafjafar @SaralPatel
@sadafjafar @SaralPatel
The veteran leader had earlier said the country was looking at a "long, unending tunnel" if the government did not take corrective measures to help the economy turn a corner. (4/n) @srinivasiyc @aaron_mirza @IYC
Every other sector in the economy had "declined sharply" and that while that did not surprise him, it should be "a matter of shame to a government that did nothing, literally nothing, to cushion the fall by taking suitable fiscal and welfare measures". (5/n) @Pawankhera
This is the time to borrow, spend, boost demand, put money in the hands of the poor so that consumption increases.
@GautamSeth_INC @Akshaykyadaoffi
@IYCGujarat
@GautamSeth_INC @Akshaykyadaoffi
@IYCGujarat
@PChidambaram_IN had questioned CEA KV Subramanian's claim after shock GDP data that the country had suffered due to the lockdown and would see a better performance in the coming quarters on the back of a"V-shaped recovery" in various sectors. (7/n)
@AmitChavdaINC @kavitasaluja
@AmitChavdaINC @kavitasaluja
Unroll @threadreaderapp
