Bengaluru, May 13: Former chief minister and senior Congress leader Siddaramaiah on Wednesday called the measures announced by Finance Minister Nirmala Sitharaman as 'disastrous' and said it is 'non-existent' in terms of benefits to poor migrants, labourers, contract employees and farmers.
"The first set of measures announced by @FinMinIndia @nsitharaman, after 8 PM speech by @narendramodi, is disastrous & non-existent in terms of benefits to poor migrants, labourers, contract employees, farmers, etc," Siddaramaiah said in a tweet.
The Congress leader said most of the intended benefits may not reach the end recipient.
This comes a day after Prime Minister Narendra Modi announced a Rs 20 lakh crore special economic package to revive the COVID-19 hit economy.
"The contribution by the government for the schemes announced are mostly notional and less of actuals and the devil lies in the detail," the Congress leader said in another tweet.
After Sitharaman announced support measures for MSMEs, Siddaramaiah said, "The credit infusion to MSMEs may help them clear dues to vendors but it is doubtful if they shall utilise the credit available to pay their labourers & to prevent job cuts. @FinMinIndia should have taken measures to pay part of the salaries to the employees in MSMEs."
Further questioning the Centre on 'ignoring the spending for boosting consumption', Siddaramaiah said, "The government is interested in capital infusion in the form of credits but totally ignorant of the actual spending that needs to be done to boost consumption. How can credit be considered as government spending?"
Siddaramaiah said the next set of measures should benefit the marginalised sections.
"Will be looking forward to next set of measures & I hope it will be something to benefit the marginalised sections. Direct benefits to the poorest sections will help them survive this pandemic. COVID-19 fight should not be another perception battle but a real one," he added in another tweet.
Sitharaman earlier announced Rs 3 lakh crore collateral-free automatic loans for businesses, including MSMEs.
Besides this, she also stated that to provide stressed MSMEs with equity support, the government will facilitate the provision of Rs 20,000 crore as subordinate debt.
Comments
Did India produce anything before 2014, no chance we imported everything to sustain I guess
And everything happened in last 4 years. For example, today our steel production is 100 MT/year, even in 2013-14 it was 81 MT/year... BTW, we are number 3 in steel production, not number 2.
You also missed one item -- no 1 in Faking by PM
Under Modi unprecedented rise of India----Made in India
World 2nd Largest steel producer
Worlds 2nd largest Mobile Phone producer
Worlds 3rd largest Electricity Producer
Worlds 4 largest Automobile Producer Con
gress is weeping because of the success
CONGRESS be care full As elections time is just 8 hours , all police controls from central, and BJP contrles EVMS as they did in UP, so with that kind of winning by manuplation is to be watched out carefully with Cameras installed at necessary or on whole locations focussing the EV machines.
BSY dont have guts. Barking Dog Seldom Bites
Siddu accepted challenge.. Now his turn
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