Categories: Business

Abhijeet Banerjee said that India needs incentive package, we have not given enough economic package till now

Rahul Gandhi and Abhijeet Benrjee

new Delhi. Congress leader Rahul Gandhi on Tuesday discussed online with Nobel-winning economist Abhijit Banerjee to understand and deal with the impact of the Kovid-19 epidemic on the country's economy. In this discussion, Abhijit Banerjee said that through the stimulus package to India, we have not yet given adequate economic package. Banerjee said it is important to revive the demand, giving more to 60 per cent of the people from the lower classes will not do anything bad. Everyone should be given a temporary ration card, which should be used to give them money, wheat and rice.

Banerjee, while discussing with Rahul Gandhi, said that Aadhaar-based claims for the Public Distribution System (PDS) would have solved many problems for the poor. A large group of poor is still not able to be a part of the system. Banerjee said that states should be given options and allowed to take their own decisions on lockdown. Nobel laureate and noted economist Abhijeet Banerjee said that to bring the Corona crisis-hit economy back on track, a large section of the country's population needs to be funded.

During a dialogue with former Congress president Rahul Gandhi through video conferencing, Banerjee also emphasized that the Indian government, like the US and some other countries, would have to give a big incentive package to get money in the hands of the people and in the market Demand may increase. Gandhi asked if people could be given money on the lines of the scheme of justice, he said, definitely. He also said that if we give some money in the hands of 60 per cent of the population, then there will be nothing wrong in it. It will be a kind of encouragement.

In the same way, there are many more.

In fact, during the last Lok Sabha election, the then Congress President Rahul Gandhi promised 'justice' on 25 March. Under this, around five thousand poor families of the country were promised 72 thousand rupees annually. Banerjee also said that those who do not have ration cards should be issued temporary ration cards for at least three months so that they can get food grains. In response to one of Gandhi's questions, he also said that the help of state governments and NGOs can be taken to reach the needy. He quoted the presidents of the US and Brazil as saying that there is a misconception that a 'strong person' can deal with the situation during such a crisis.

Rahul Gandhi has started a series of dialogues with experts. The series began online on 30 April through a discussion with former RBI Governor Raghuram Rajan. Last Thursday, while discussing with Rahul Gandhi, former Governor Raghuram Rajan had said that the lockdown cannot be continued forever and now economic activities need to be opened up so that people can resume their business. Rajan, while advocating for the opening of economic activities soon after the lockdown, said that people's livelihood would have to be protected along with dealing with the corona virus.

During a dialogue with former Congress president Rahul Gandhi through video conferencing, he also said that the poor, laborers and farmers of the country will have to provide financial help through direct transfer which will cost 65 thousand crores.

This post was published on May 5, 2020 12:35 pm

Content Team

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