scorecardRS-BUDGET

RS-BUDGET

RS-BUDGET
Business1 min read
Economy close to collapse: Chidambaram in RS

New Delhi, Feb 10 () Former finance minister PChidambaram on Monday tore into the Modi government's handlingof the economy, saying it was close to collapse and was beingattended by "very incompetent doctors."

Initiating the debate on the Union Budget for 2020-21 inRajya Sabha, he said rising unemployment and fallingconsumption was making India poorer.

Stating that the government refuses to admit itsmistakes, he listed demonetisation of old 1000 and 500 rupeenotes as well as hurried implementation of the Goods andServices Tax as "monumental blunders" that ruined the economy.

"It is living in denial," he said, adding the economicgrowth has fallen for an unprecedented six consecutivequarters. ANZDV DV



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