Chidambaram additionally identified the “best decision” of the Centre. “The best decision taken by the government is the decision not to print the Economic Survey.” he mentioned.

By hindustantimes.com | Edited by Mallika Soni

PUBLISHED ON JAN 29, 2021 09:49 PM IST

Hours after the federal government tabled the Economic Survey 2020-2021, senior Congress chief P Chidambaram slammed the report saying the phrases outlined in it as reforms have all been rejected by the folks of the nation. In a collection of tweets, Chidambaram mentioned whereas the Economic Survey is “witnessing a V-shaped recovery”, the International Monetary Fund (IMF) has that the Indian financial system “will reach the pre-Covid level only in 2025!”

“According to the Survey, the top three ‘structural reforms’ were the (1) anti farmer laws (2) the new MSME definition and (3) the four Labour Codes. The farmers have rejected the three Farm laws. The MSMEs have said that they had got no relief at all. The Trade Unions have rejected the four Labour Codes. What is reform is what the people have rejected. It is the new definition of ‘reform’ and ‘democracy’,” the previous Union finance minister mentioned in considered one of his tweets.

Chidambaram additionally identified the “best decision” of the Centre. “The best decision taken by the government is the decision not to print the Economic Survey. Once upon a time, the Survey was the vehicle to communicate to the people in simple language the state of the economy and the prospects in the coming year,” he mentioned. “The most frequently used word in the Economic Survey is “regression”. The current government has taught us the meaning of “recession”. When you learn the meaning of “recession” and “regression”, you will qualify to be included in the team to write the next Economic Survey,” he added.

Union finance minister Nirmala Sitharaman offered the Economic Survey 2020-21 in Parliament on Friday, ushering the Budget session. The Budget shall be offered on February 1. The authorities’s pre-Budget state of financial system doc hailed the three contentious farm legal guidelines, stating that they’ll give freedom to the markets in addition to assist in elevating incomes of small and marginal farmers. “The newly introduced farm laws herald a new era of market freedom which can go a long way in the improvement of farmer welfare in India,” the survey mentioned.

The doc additionally added that the reforms in agriculture markets will allow the creation of ‘one India one market’ for agri-products, yield innumerable alternatives for farmers to maneuver up the worth chain, create jobs and enhance incomes.

“The reforms in the agricultural sector were more overdue than even the labour reforms as the existing laws kept the Indian farmer enslaved to the local mandi and their rent-seeking intermediaries. While every other category of producer in India had the freedom to decide where to sell his/ her produce, the Indian farmer did not,” the doc noticed.

Thousands of farmers, primarily from Punjab, Haryana and western Uttar Pradesh, are protesting at varied borders of the nationwide capital looking for repeal of the three payments. They have expressed issues that the legal guidelines are pro-corporate and will weaken government-regulated mandis, additionally known as Agriculture Produce Marketing Committees (APMCs).

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