Saturday, December 14, 2024
spot_img

Govt needs to spend more, not lend more: Rahul Gandhi

Date:

Share post:

spot_img
spot_img

NEW DELHI: Congress leader Rahul Gandhi on Wednesday attacked the government over the state of the economy and said it needs to give money to the poor to restart the economy through consumption

Gandhi said “distractions” through media won’t help the poor or make the “economic disaster disappear”

His attack on the government came after the Reserve Bank of India (RBI) said on Tuesday that demand in the economy will take quite some time to mend and that an assessment of aggregate demand during the year so far suggests that the shock to consumption is severe

“RBI has now confirmed what I have been warning for months. Govt needs to: spend more, not lend more,” Gandhi said

“Give money to the poor, not tax cuts to industrialists. Restart economy by consumption,” the former Congress chief tweeted

In its latest annual report, the RBI said “deep-seats and wide-ranging” reforms are needed to regain losses and return to the path of sustainable economic growth.

IANS

spot_img
spot_img

Related articles

Katy Perry opens up on her Christmas tradition with fiance

Singer-songwriter Katy Perry has revealed that she likes to dress up as the Dr Seuss character and that...

SRK’s captivating voice adds power to Diljit’s latest track Don

The much-hyped track Don by Diljit Dosanjh in collaboration with Shah Rukh Khan has finally dropped and it’s...

Need to put big 1st innings score, says Gill

Brisbane, Dec 13: India batter Shubman Gill says the need to put up a big first innings total...

All We Imagine As Light nominated for Best Foreign Language Film at Critics Choice Awards

Filmmaker Payal Kapadia’s All We Imagine As Light has bagged a nomination in the Best Foreign Language Film...