States facing impediments in procuring rapid testing equipment: Chidambaram

Image
Press Trust of India New Delhi
Last Updated : Apr 12 2020 | 9:00 PM IST

Senior Congress leader P Chidambaram on Sunday said states have got little money from the Centre and are facing impediments in the procurement of rapid-testing equipment.

Taking to Twitter, the former finance minister gave a "ground report" of the situation during the ongoing nationwide lockdown, saying banks are open but have stopped giving jewel loans to the middle class.

"Here is a report from the ground: States have got little money from the Centre: GST compensation for Dec-Jan; first instalment of State Disaster Relief Fund; and a share of the Rs 15,000 crore Medical Infrastructure Fund.

"Procurement of rapid testing equipment faces impediments," he wrote on the microblogging website.

"While bank branches are open, many LIC offices are closed. Banks have stopped giving jewel loans, the mainstay for liquidity of middle class families," Chidambaram said.

Another senior Congress leader and former Union minister Jairam Ramesh said a new political consensus is needed for addressing questions of administrative decentralisation and reordering of public expenditures that emerge out of big traumas.

"Big traumas trigger fundamental questions. Those that come to mind are: Bold decentralization of administrative and financial authority. Complete reordering of public expenditures and radical reform of public service delivery.

"But for all this a new political consensus is needed," he wrote on Twitter.

The remarks of the opposition party leaders came as the country is grappling with the COVID-19 pandemic and a nationwide lockdown has been imposed to check the spread of the deadly virus.

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: Apr 12 2020 | 9:00 PM IST

Next Story