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Government economists critical of budget provisions: Chidambaram

Government economists critical of budget provisions: Chidambaram

New Delhi, Feb 13 (IANS) Former Finance Minister and senior Congress leader P. Chidambaram on Tuesday said that every economist of the government is speaking against the Union Budget provisions, leading to a chorus of dissent growing against it.

"The chorus of dissent against budget provisions grows. Dr Arvind Panagariya (former NITI Aayog Vice Chairman) speaks against protectionist custom duties," Chidambaram said on Twitter.

"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 said: "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. Every economist of the government speaks against budget provisions!" he added.

Chidambaram further said: "World stock exchanges protest government-inspired NSE/BSE restrictions on sharing data with other exchanges as protectionist."

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Government economists critical of budget provisions: Chidambaram

About Gopi Adusumilli

Gopi Adusumilli is a Programmer at Excellus Blue Cross Blue Shield. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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