Telangana Chief Minister K Chandrasekhar Rao has hit out at the Narendra Modi-led NDA government over the fiscal stimulus package, accusing it of treating states like “beggars” and imposing “laughable” conditions for increasing borrowing limits under the FRBM Act.
This is ‘pure cheating. Betrayal. Jugglery of numbers.
All gas.’ The Centre has reduced its own prestige, he said while referring to conditions linked to the increased borrowing limits for states under the Fiscal Responsibility and Budget Management (FRBM) Act.
Citing international journals as having commented whether the Union Finance Ministers aim was to revive the GDP or to reach the Rs 20 lakh crore number (the stimulus package announced by Prime Minister Narendra Modi), he said.
“This is a very cruel package. It is fully in a feudal policy and dictatorial attitude. We fully condemn this. This is not what we asked for,” Rao, who had supported several measures taken by the Centre so far in the fight against coronavirus, said.
At a time when the finances of states were paralysed due to Covid-19 global pandemic, the state governments wanted funds to reach them so that they can help people in different
forms, he said.
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