• About us
  • Contact us
  • Our team
  • Terms of Service
Friday, August 1, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Chidambaram welcomes Centre’s decision to borrow additional 4.2 lakh cr

Press Trust of india by Press Trust of india
May 10, 2020
in BUSINESS
A A
0
Chidambaram responds to Modi, lists out names of Congress presidents
FacebookTwitterWhatsapp

New Delhi: Senior Congress leader P Chidambaram on Saturday welcomed the Centre’s decision to borrow additional 4.2 lakh crore and said it should be used to provide relief to the poor and re-start the economy.

“After resisting our appeals, especially through statements of the CEA, the government has finally decided to borrow an additional amount of Rs 4.2 lakh crore taking the projected fiscal deficit to 5.38 per cent. We welcome the decision,” he said in a statement.

Related posts

Piyush Goyal proposes higher pay, rank for railway GMs

India to take all steps to protect national interest: Goyal on US tariff

August 1, 2025

‘Non-statement’: Cong slams Piyush Goyal’s remarks on US’ tariff announcement

August 1, 2025

The senior Congress leader, however, said, “It is not enough to borrow more unless the amount is used to provide relief to the poor and to re-start the economy. We look forward to the revised expenditure budget for 2020-21.”

Echoing similar sentiments put forth by several eminent economists, he had appealed to the central government to shed its reservations and borrow more in 2020-21.

“In our view, the budgeted fiscal deficit of 3.5 per cent should not be a constraint in these extraordinary times,” he said in the statement.

The government on Friday revised its gross market borrowing target from the estimated Rs 7.8 lakh crore to Rs 12 lakh crore in view of the coronavirus pandemic.

“The estimated gross market borrowing in the financial year 2020-21 will be Rs 12 lakh crore in place of Rs 7.80 lakh crore as per BE 2020-21. The above revision in borrowings has been necessitated on account of the COVID-19 pandemic,” the Finance Ministry had said in a statement.

Previous Post

Egypt’s president expands powers, citing virus outbreak

Next Post

Govt disburses Rs 18,253 cr to 9.13 cr farmers under PM-KISAN scheme during lockdown

Press Trust of india

Press Trust of india

Next Post
Economy not in trouble; green shoots visible: FM

Govt disburses Rs 18,253 cr to 9.13 cr farmers under PM-KISAN scheme during lockdown

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.