Govt economists critical of budget provisions, says Chidambaram

Chidambaram
Chidambaram, File Photo

New Delhi, Feb 13: Senior Congress leader P. Chidambaram on Tuesday said that government economists are speaking against the Union Budget provisions, leading to a chorus of dissent growing against it.

Taking to Twitter, Chidambaram stated “The chorus of dissent against budget provisions grows. Dr Arvind Panagariya (former NITI Aayog Vice Chairman) speaks against protectionist custom duties”.

“Dr Rathin Roy, Member, PMEAC (Prime Minister’s Economic Advisory Council) joins Dr Panagariya. Dr Surjit Bhalla, another Member, PMEAC, speaks against LTCG (long term capital gain tax),” he added.

Chidambaram further asserted: “Dr Rajiv Kumar, Vice Chairman, NITI Aayog, hopes that these measures are ‘temporary’!”

“Dr Urjit Patel, Governor, RBI (Reserve Bank of India), warns of five taxes on capital and how it will inhibit capital investment”.

Former Finance Minister said, “World stock exchanges protest government-inspired NSE/BSE restrictions on sharing data with other exchanges as protectionist.”

WeForNews 

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