Modi’s economic package a “BIG ZERO”, says Mamata Banerjee

Home » Breaking News » Modi’s economic package a “BIG ZERO”, says Mamata Banerjee

“We haven’t been given a penny. There’s no earnings and there’s only burning,” said West Bengal CM Mamata Banerjee.

West Bengal Chief Minister Mamata Banerjee slammed the 20 lakh crores economic package announced by the Centre as a “big zero,” an “eye-wash” and nothing more than a “fooling of the common people at a time of such distress, it is propaganda to mislead the people”

State Finance Minister Amit Mitra also accused the center of misleading people, saying that the real stimulus is about 2% of the country’s GDP, instead of 10%, as advertised.

“Yesterday, when the PM announced the Rs 20 Lakh Crore package, we were hoping that the interest of the States would be considered, the FRBM (Fiscal Responsibility and Budget Management) limit would be increased, but today, after the announcement by the Union Finance Minister, it was found that everything that was said yesterday was bluffing,” said West Bengal CM Mamata Banerjee.

The Trinamool Congress chief also asked why farmers’ loans had not been waived and claimed that the centre was “misleading and lying” to the people about the package.

However the center has given nothing to states, she said. “We haven’t been given a penny. There’s no earnings and there’s only burning,” said West Bengal CM Mamata Banerjee.

Centre normally gives Rs 14 lakh crore to small and medium-sized enterprises, but now they have reduced it to Rs 3 lakh crore under the guise of a special economic package, said West Bengal CM Mamata Banerjee.

Bengal Finance Minister Amit Mitra said the previous interventions by the Reserve Bank of India and the Union Finance Ministry of Rs 10 lakh crore were included in the Rs 20 lakh crore package and billed as a “blockbuster stimulus.”

“People need to know the truth, and the actual new announcement of the center is only Rs 4.2 lakh crore or 2% of GDP,” Mr. Mitra said after Nirmala Sitharaman shared some details of the plan on Wednesday.

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