Anurag Thakur responds to P Chidambaram on GDP | Anurag Thakur responded to Chidambaram’s allegations on GDP, said

Anurag Thakur responds to P Chidambaram on GDP |  Anurag Thakur responded to Chidambaram’s allegations on GDP, said


New Delhi: Union Minister of State for Finance and Corporate Affairs Anurag Singh Thakur has refuted the statements made by P.Chidambaram, who was the Finance Minister within the UPA authorities, saying that his statements concerning the nation’s economic system are factual. Thakur said, “The Indian economic system is versatile and can be additional strengthened within the coming instances on the idea of steady reforms. This is certainly a troublesome time within the period of world catastrophe, however the Indian economic system nonetheless stays very sturdy. I’m not shocked why the previous finance minister ignored onerous numbers. Instead he went forward with ‘whataboutary’, because the Congress management has at all times used this unknown method as its weapon.’

Chidambaram suspicious of Indian entrepreneurs?
Anurag Thakur said, “Continuous reforms and robust fundamentals have ensured that India grew from a contraction of 24.4 per cent in Q1 of FY 2020-21 to 1.6 per cent in This fall of FY 2020-21.” developed.’ On the problem of dismal forecast of the Indian economic system by Chidambaram, Thakur said, “You are doubting the potential of Indian entrepreneurs, small companies, merchants and MSMEs whereas all of the worldwide businesses have predicted India’s development fee for FY 2021- Projected to develop 12.5 % in 22, making us the one main economic system to develop projected double digits.

Sharp query to Chidambaram
Thakur requested the previous finance minister, ‘Is the Indian economic system an remoted island? Have not different main economies of the world confronted GDP contraction on this pandemic? Don’t you understand that France, Germany, Italy, UK have declined by 8.2 per cent, 4.9 per cent, 8.9 per cent and 9.9 per cent respectively. Canada, Russia, South Africa, America additionally noticed a decline of their GDP within the final one yr. Despite the worldwide disaster, it’s performing effectively.

Re-Bound in 8 Key Industries
Anurag Thakur has requested the previous finance minister to come out of the ‘digital world’ of his despair and ‘doomsday’ predictions. He said that it’s clear that the lockdown saved lives, progressively unlocking gave the inexperienced sign to increase the economic system. Thakur insisted that financial information present {that a} report GST assortment of Rs 1.44 lakh crore befell, which is the best ever. We registered development in passenger car gross sales, two wheeler gross sales, oil consumption, metal manufacturing, cement manufacturing, worldwide air cargo amongst different sectors. High-frequency month-to-month core sector information additionally reveals {that a} re-bound was seen in 8 key industries.

56.1 % index greater in April 2021
The index of eight core industries rose 11.4 per cent in March 2021 and a staggering 56.1 per cent in April 2021. The newest GDP information reveals that within the January-March 2021 quarter, the manufacturing sector grew by 6.9 %, the development sector 14.5 %, the metal and cement sector grew by 27.3 % and 32.7 %, in March 2021. The particular factor is that this enhance is greater than the pre-lockdown interval of March 2020. There has been a rise of 400 % and 549 % in April 2021 in each the sectors.

Chidambaram’s declare denied
On the problem of ‘Cash Transfer’, Chidambaram had claimed that this didn’t occur and it must be began. Refuting this, Thakur said that in the course of the NDA tenure 2014-19, the federal government disbursed Rs 8 lakh crore versus Rs 3.74 lakh crore on the acquisition of wheat and rice in the course of the UPA tenure 2009-14. In 2009-14, the Modi authorities purchased 74 instances extra pulses at MSP than it had bought in the course of the UPA regime.

misled the farmers
Thakur said, the NDA authorities procured 306.9 million tonnes of paddy and 162.7 million tonnes of wheat within the final 5 years, whereas solely 176.8 million tonnes of paddy and 139.5 million tonnes of wheat had been procured in the course of the 2009-13 interval below the UPA . Thakur said that the Congress occasion misled the farmers on the problem of agricultural legal guidelines and engaged in protests. Today the farmers are completely satisfied and right here additionally the lies of Congress have been uncovered.

19,000 crore immediately within the account of farmers
The Minister of State for Finance said, India has recorded the best ever wheat procurement at 405 lakh LMT, which is greater than 390 LMT in RMS 2020-21. Paddy procurement touched a excessive of 789 LMT throughout KMS 2020-21. Apart from this, via DBT, because the eighth installment of PM Kisan, Rs 19,000 crore was immediately transferred to the farmers’ account. Thakur additional said, ‘Isn’t this farmer money in hand?’

42 crore Jan Dhan accounts opened
Thakur requested Chidambaram that on one hand he wished ‘money switch’, however on the opposite what number of financial institution accounts did the UPA open for the poor throughout his tenure? The Modi authorities has stopped leakages within the system by opening 42 crore Jan Dhan accounts, to be certain that each rupee reaches immediately to the eligible beneficiary sooner. Even in the course of the Covid-19 pandemic via direct financial institution switch, has supplied monetary help to lakhs of individuals.

Over 68,000 crore money transfers
He reminded the previous Finance Minister that below NSAP, 24 per cent contribution was made to widows, differently-abled, senior residents, home and development staff below BOCW, entrance loaded PM-Kisan for farmers, EPFO ​​and Ujjwala. A complete of over Rs 68,000 crore money transfers had been made. Isn’t it ‘money in hand’?

Chidambaram remembers the allotment of MGNREGA?
Thakur additional requested Chidambaram on the problem of MGNREGA, ‘Do you bear in mind the allotment made to MGNREGA throughout UPA? The NDA authorities elevated the allotment from Rs 61,500 crore to over Rs 1 lakh crore final yr throughout Covid-19. We additionally elevated the wages to Rs 202. Is it ‘no money within the fingers of the employees?’

Read also; Big step towards self-reliant India in the field of vaccines, now this company will also make Covaxin

Government assure of Rs 3 lakh crore via ECGLS

Thakur instructed the previous finance minister, ‘The UPA authorities had wrongly disbursed loans throughout your finance minister’s tenure, now we have given Rs 3 lakh crore authorities funding to the industries via the ECGLS scheme to maintain and revive their enterprise. Guarantee is given which incorporates MSME, Hospitality, Tourism, Sports, Health service and so on. The Modi authorities, not like its predecessor UPA, has taken a optimistic method. Over Rs 2.65 lakh crore has been sanctioned in over 92 lakh accounts by private and non-private sector banks, NBFCs. Doesn’t it give ‘money’ move to companies?’

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