PM Modi visit USA
Only the mirror in my washroom and phone gallery see the crazy me : Sara Khan
Karnataka rain fury: Photos of flooded streets, uprooted trees
Cannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfit
Ranbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A Kiss
Oscars 2022: Every Academy Award Winner
Shane Warne (1969-2022): Australian cricket legend's life in pictures
Photos: What Russia's invasion of Ukraine looks like on the ground
Lata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'
PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
India Open Competition in Shotgun, organised by the National Rifle Association of India (N
- Hockey India names Amir Ali-led 20-man team for Junior Asia Cup
- Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
Chidambaram slams govt, asks why RBI is infusing liquidity Last Updated : 23 May 2020 03:07:04 PM IST 
Former Union Finance Minister P. Chidambaram (file pic) 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?"Governor @DasShaktikanta says demand has collapsed, growth in 2020-21 headed toward negative territory. Why is he then infusing more liquidity?
— P. Chidambaram (@PChidambaram_IN) May 23, 2020
He should bluntly tell the government ‘Do your duty, take fiscal measures’.The former Minister in 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."Governor @DasShaktikanta says demand has collapsed, growth in 2020-21 headed toward negative territory. Why is he then infusing more liquidity?
— P. Chidambaram (@PChidambaram_IN) May 23, 2020
He should bluntly tell the government ‘Do your duty, take fiscal measures’.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 first economic contraction in 40 years.Das on Friday announced a 40 basis points (bps) cut in repo and reverse repo rates, while markedly pivoting the central bank's focus from inflation control to fostering growth. Das pledged to take whatever "measures are necessary" to meet the challenges posed by the pandemic.He also said that India's GDP growth rate for the financial year 2020-21 is likely to be in the negative territory.IANS New Delhi For Latest Updates Please-
Join us on
Follow us on
What binds the two most talked about nations - India and Pakistan together? What makes the
Bollywood star Ranveer Singh and filmmaker Aditya Dhar seeked divine blessings at the Gold
LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte
172.31.16.186
