You are here: Home » News-IANS » Politics
Business Standard

Government economists critical of budget provisions: Chidambaram

IANS  |  New Delhi 

Former and senior on Tuesday said that every 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 (former Vice Chairman) speaks against protectionist custom duties," Chidambaram said on

"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 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."

--IANS

sid/nir/sac

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 13 2018. 17:32 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU