Saturday, August 8, 2020
Home News Reports After demanding 5-6% of GDP as economic package, Congress claims 10% of GDP announced...

After demanding 5-6% of GDP as economic package, Congress claims 10% of GDP announced by PM is not enough, says package should be 50% of GDP

While the Madhya Pradesh Congress thinks that 10% of the GDP is not enough to revive the economy, the same party was actually demanding half the amount for the purpose just a month ago

To revive the economy shattered by the Coronavirus, and also to make the country self-reliant, prime minister Narendra Modi today announced that his govt is bringing an economic revival package. The total amount of money that the govt plans to pump into the economy, including the measures already announced by the Reserve Bank of India and the Finance Minister, is around 20 lakh crore, which will be around 10% of the total GDP of the country, the PM informed.

But the Congress party, which thinks that being an opposition party means it has to oppose every decision taken by the Modi govt, declared that it is not enough. The Madhya Pradesh Congress posted a tweet after the announcement by the PM saying that ‘only’ Rs 20 lakh is not enough.

They claimed that the Coronavirus pandemic has devoured everything, hence, not 10% of the GDP, but the PM should give away at least 50% of the GDP.

While the Madhya Pradesh Congress thinks that 10% of the GDP is not enough to revive the economy, the same party was actually demanding half the amount for the purpose just a month ago. In the second week of April, the Congress party had said that the govt should announce an economic package which should be worth at least 5-6% of the GDP.

Addressing a press conference via video, party spokesperson Anand Sharma had said, “These are extraordinary times and it required extra-ordinary actions. That is why the prime minister should be bold and declare an economic package to help revive various sectors of the economy post lockdown”. After that, he had added, “We expect that the economic package should be at least five-six per cent of India’s GDP”.

The package today announce by Modi is also much more than what former RBI governor Raghuram Rajan had was would be enough to help the poor to come out of the crisis caused by the lockdown. He had said that Rs 65000 crore is required to help the poor. In an interaction with former Congress president Rahul Gandhi, when Gandhi had asked how much money is needed to help the poor, Rajan had answered, “Approximately 65,000 crores. Our GDP is 200 lakh crores, and out of that 65,000 crore is not a huge amount. So, we can do it”. Later on, Rahul Gandhi had repeated the same amount in his messages.

Therefore, what the PM Modi today announced is actually the twice the amount that the Congress party had thought that would be enough to restart the economy, and much more than what Raghuram Rajan had said will be needed to help the poor. But when PM Narendra Modi announced a package worth more than what Congress had demanded, they say it is not enough and now make a new demand that the package should be 50% of the GDP.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

Hindus, the last standing major pagan culture in the world: Hagia Sophia, AIMPLB and why secularism is a scam

While Muslim majority Turkey wants to intervene in Kashmir, AIMPLB talks about the Hagia Sophia even as it wags its finger at the Supreme Court

“Ghus ke maro salo ko”: Muslims clashed with Hindus objecting to Ram Pujas on 5th August in West Bengal

Muslims came out in large numbers in Kolkata to prevent Hindus from celebrating the Ram Mandir Bhoomi Pujan on 5th August

Child abuse? Netizens react as co-founder of AltNews shares the photo of an underage girl to intimidate the grandfather

Responding to a tweet by a Twitter user, Md Zubair chose to target the young girl seen in the profile image of the user instead of replying

‘Kashi Mathura Baki Hai’: Krishna Janmabhoomi Nirman Nyas set up in Mathura, 80 sadhus from 14 states named as members

The original Keshavnath Temple was destroyed by Aurangzeb and the Shahi Idgah Mosque was built on its plinth.

Senior lawyer K Parasaran who fought Ram Mandir case is not on Twitter, colleagues clarify after fake account gets followers

One of those heroes who rose to the challenge and was instrumental in the reclamation of Ram Janmabhoomi is 93-year-old K Parasaran, who successfully led the legal fight of Hindus

Palghar case: Maharashtra govt to file status report, SC asks for inquiry report against cops who handed over Sadhus to mob

SC asked the Maharashtra govt to file a status report in connection with the brutal lynching of two Hindu sadhus and their driver in Palghar on April 16.

Recently Popular

Pakistan borrows $1 Billion from its all-weather ally China to repay $1 Billion Saudi Arabia loan to avoid default on international debt obligations

China tightens its grip over Pakistan, gives $1 billion loan to repay Saudi Arabia's $1 billion loan, grants 90% of $6.8 billion railway project

Twitter user arrested by Maharashtra police for criticising the Uddhav Thackeray govt on social media

Mumbai Police arrested Twitter user Sunaina Holey for posting against Maharashtra CM and his son, to be presented in court today

Child abuse? Netizens react as co-founder of AltNews shares the photo of an underage girl to intimidate the grandfather

Responding to a tweet by a Twitter user, Md Zubair chose to target the young girl seen in the profile image of the user instead of replying

Muslims chose to stay back in India: An analysis of the mythical, unsubstantiated trope that is used to make Hindus feel guilty

Muslims who stayed back in India after the partition, did not primarily do so out of their innate love for mother India

Sunaina Holey, arrested by Mumbai police a day after getting bail in the same ‘offence’, released after lawyer raises alarm: Read details

Vivekananda Gupta, lawyer of Sunaina Holey, has dubbed the arrest by the Maharashtra Police illegal.

While most Bollywood actors and cricketers chose not to welcome Ram Mandir, here are the ones who did not shy away

Only a few actors and sportspersons celebrated Ram Mandir Bhoomi Pujan and shared wishes on social media.

India cites Pakistani patronage to Dawood Ibrahim’s D-company in a fresh FATF appeal at the UNSC

India raises the issue of Pakistan shielding D-Company boss Dawood Ibrahim at the United Nations Security Council

Uttar Pradesh: Hindu activists block highway, demand arrest of Md Arif, Shadab and others for communal posts on Facebook on Bhoomi Pujan

The Hindu activists demanded that immediate action must be taken aginst the Muslim youths for their communal posts

The KGB ties of Indira Gandhi: How India became a puppet of USSR during the Cold War

Mitrokhin Archives are considered to be the most sensational coutner-intelligence documents that have blown the whistle on several countries.

Eid in Balochistan: Another Eid and another protest by Baloch people seeking release of their loved ones abducted by Pakistani military

For the last 10 years on every Eid, families of Baloch missing persons have been protesting on the first days of Eid seeking their return

Sunaina Holey, arrested by Mumbai police a day after getting bail in the same ‘offence’, released after lawyer raises alarm: Read details

Vivekananda Gupta, lawyer of Sunaina Holey, has dubbed the arrest by the Maharashtra Police illegal.

Rajiv Gandhi did not want Ram Mandir dispute to be settled, withdrew support after Chandra Shekhar had resolved the age-old issue: Claims upcoming book

Rajiv Gandhi did not want Ram Mandir-Babri Masjid dispute to be resolved as he did not want Chandra Shekhar to take credit for the same

Hindus, the last standing major pagan culture in the world: Hagia Sophia, AIMPLB and why secularism is a scam

While Muslim majority Turkey wants to intervene in Kashmir, AIMPLB talks about the Hagia Sophia even as it wags its finger at the Supreme Court

Kerala nun rape case: Rape-accused Bishop Franco granted bail again by Kottayam trial court

The court will now hear the case on August 13, 2020, when the charge-sheet will be read out in the court.

Modi govt abolishes textile board with ‘activists’ and ‘experts’ pontificating, to get work done through institutes like NIFT instead

The Handloom Board was an ornamental board that had activist and experts who essentially pontificated without doing any real ground work

Bollywood: Rapper Badshah questioned by Mumbai police crime branch over fake follower scam

As per reports, there are over 170 high-profile stars who have allegedly paid to gain fake followers on social media.

Connect with us

239,250FansLike
423,962FollowersFollow
293,000SubscribersSubscribe