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Krishnamurthy Subramanian asks private firms to stop asking govt for aid

Subramanian said that since India had a public distribution system of food grains, the country didn't need to directly transfer cash to the people to support them in times of the pandemic

CEA K Subramanian
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If we give money to the people, it will only enhance their savings, said Chief Economic Advisor KV Subramanian speaks at a media interaction at National Media Center. PTI

Avishek Rakshit Kolkata
Private firms in the country need to fend for themselves instead of relying on government aid and measures in the quest to develop a self-reliant India, the country’s Chief Economic Advisor, Krishnamurthy Subramanian said.

He was speaking to the Bharat Chamber of Commerce and Industries on a virtual platform. Responding to suggestions from the industry body asking for various steps to boost domestic firms, Subramanian said, “Atmanirbhar Bharat or self-reliant India cannot just happen with domestic companies asking for government help and support. They also need to work it out on their own”.

Various departments of the government, including Department

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First Published: Jun 19 2020 | 6:16 PM IST

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