Govt package was miserly and inadequate': Chidambaram

Image
Press Trust of India New Delhi
Last Updated : Mar 30 2020 | 8:58 PM IST

Senior Congress leader P Chidambaram Monday termed miserly and inadequate" the government's economic package for the poor in the wake of coronavirus outbreak and urged it to announce a bold financial package.

He said a confidence-boosting financial assistance plan should have been announced prior to the imposition of the lockdown.

"The FM's (Finance Minister Nirmala Sitharaman) FAP (financial assistance plan) was so miserly and inadequate, it actually promoted many to go back to their villages.

"I urge the government to announce a bold FAP II today or tomorrow," he tweeted.

"A confidence boosting financial assistance plan should have been announced either BEFORE or SIMULTANEOUSLY with the announcement of lockdown," he said on Twitter.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 30 2020 | 8:58 PM IST

Next Story