Connect with us

National News Politics

P Chidambaram takes dig at Sitharaman over ‘Act of God’ remark, asks her about ‘economy mismanagement’ before COVID-19

From left: Finance Minister Nirmala Sitharaman and P Chidambaram

From left: Finance Minister Nirmala Sitharaman and P Chidambaram

Senior Congress leader and former finance minister P Chidambaram slammed Finance Minister Nirmala Sitharaman on August 29 (Saturday) after she described COVID-19 pandemic and its impact on GST collection as an Act of God on Thursday. 

If the pandemic is an Act of Good, how do we describe the mismanagement of the economy during 2017-18 2018-19 and 2019-20 BEFORE the pandemic struck India? Will the FM as the Messenger of God please answer Chidambaram sarcastically remarked.

 

Chidambaram further commented upon the options given by central government to counter the GST (goods and services tax) compensation gap and labelled it as unacceptable.
The two options given by the Modi government to the states to bridge the GST compensation gap are unacceptable.

 

Under the first option the states are asked to borrow by pledging their future receivables under compensation cess. The financial burden falls entirely on the States.

Under the second option, states are asked to borrow from the RBI window. It is more market borrowing, only by a different name. Again, the entire financial burden falls on the states.

The central government is absolving itself of any financial responsibility. This is a gross betrayal as well as a direct violation of the law, Chidambaram tweeted.

The attack comes as a reply to Sitharaman’s statement on August 27, where she said that COVID-19 pandemic had affected GST collection – a shortfall of Rs 2.35 lakh crore for fiscal year 2021. This year we are facing extraordinary situation. We are facing an act of God where we may even see a contraction, she had remarked.
 
Continue Reading
Click to comment
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Politics

Hardik Patel quits Congress, says no youngster is willing to work, vote; accuses leaders of ‘enjoying in abroad’

Published

on

By

Radhika Dhawad | Vadodara
Gujarat Working President Hardik Patel tendered his resignation from the Congress party today morning. Patel took to Twitter to announce his decision and shared an image of his resignation.
 
Patel said, “Big leaders of Congress in Gujarat are far away from issues of the state but are more focussed on ensuring that chicken sandwich for leaders who have come from Delhi is delivered on time!”
In the letter, he also said, “The party has constantly been working against the interests of the country and society.”

Hardik Patel’s letter to Congress President Sonia Gandhi

Continue Reading

Politics

BJP on course to retain power for 2nd straight term with CM Yogi Adityanath as CM again

Published

on

By

Radhika Dhawad | Lucknow

Yogi Adityanath

Yogi Adityanath

Early numbers reveal that the BJP has crossed the halfway mark with over 271 seats in Uttar Pradesh at 12:07 pm thus making its way to retain power for the second straight term in the state. Chief Minister Yogi Adityanath is all set to become the Chief Minister for the second time. 


While the BJP was leading in 271 seats, Samajwadi Party (SP) managed to secure 121 seats so far. The BSP has managed to secure five seats while Congress so far has four seats.

(With total 403 seats in UP, 202 is the halfway mark)

Continue Reading

Politics

Indian student killed during shelling in Ukraines Kharkiv

Published

on

By

Nation Next Newsroom | Mumbai

Representational image

Representational image

An Indian student was killed during shelling in Ukraines Kharkiv on Tuesday morning, Ministry of External Affairs informed in the afternoon. The Ministry tweeted: ?With profound sorrow we confirm that an Indian student lost his life in shelling in Kharkiv this morning. The Ministry is in touch with his family. We convey our deepest condolences to the family.

In Kharkiv, Ukraine’s second largest city, videos showed extensive damage from the Russian military assault. One video showed the city’s largest government building blown up.

While the student is yet to be named by the MEA, sources in the Karnataka state government told The Quint that he had been identified as Naveen Shekhrappa, from Haveri district, Karnataka. The 21-year-old was a student of medicine at Kharkiv National Medical University.

The News Minute reported that Shekhrappa was standing in a queue at a supermarket in Kharkiv to buy food when Russian shelling began.



Continue Reading
Advertisement

Trending

0
Would love your thoughts, please comment.x
()
x