Senior Congress leader P Chidambaram has actually stated Finance Minister Nirmala Sitharaman provided a “tortuous” description to his concern on capital investment, insisting that the numbers “conclusively” verified that there was a “cut” in capex throughout 2024-25.
Chidambaram stated this in a declaration late on Tuesday night while reacting to the responses offered by Sitharaman in the Rajya Sabha.
The previous financing priest stated Sitharaman has actually offered a “laboured and tortuous” description to a straightforward concern on what was the budget plan quote for capital investment in the 2024-25 budget plan and what is the quote at the end of year.
“There is a decrease (cut), and I asked in the Rajya Sabha what are the factors for the cut? FM can have noted the factors and it is for individuals to determine whether the factors serve or otherwise.
“Instead, she has questioned the very comparison of BE and RE. I am astonished that the Hon`ble FM should say that comparison of BE and RE is `flawed`. If BE and RE are not comparable, why list the two numbers side-by-side on the same page in the Budget documents,” Chidambaram asked.
He additionally asked why does the financing priest listing the Budget Estimate (BE) of monetary shortage side-by-side with the Revised Estimate (RE) of the monetary shortage.
“In order to show the world that the government has `improved` upon the original estimate of the fiscal deficit,” he stated.
“The same logic applies to all estimates. As far as capital expenditure in 2024-25 is concerned, the numbers conclusively prove that there was a reduction (cut) in 2024-25,” Chidambaram stated in the declaration.
Earlier, Sitharaman stated the capital investment has actually not been lowered yet has actually increased to Rs 11.21 lakh crore for the 2025-26 monetary, and insurance claims of cuts are deceptive and based upon problematic contrasts.
Replying throughout the Question Hour in the Rajya Sabha, Sitharaman stated the capital investment was Rs 11.11 lakh crore in 2024-25.
“Actually, (in) the budget this year…, it has gone up to Rs 11.21 lakh crore. So, the capital expenditure has not been cut at all,” she stated.
“So, cutting down the capital expenditure is not the case with us,” she included. Sitharaman was reacting to an inquiry by Chidambaram.
Later, reacting to a social networks blog post of Chidambaram, Sitharaman stated his “claims of a cut in capital expenditure are misleading and based on flawed comparisons”.
Chidambaram’s discerning math and problematic contrasts in between BE and RE of the very same year might offer political unsupported claims yet do little bit for educated public discussion, she stated in a message on X.
This tale has actually been sourced from a 3rd party syndicated feed, companies. Mid- day approves no duty or responsibility for its reliability, reliability, integrity and information of the message. Mid- day management/mid-day. com books the single right to change, erase or get rid of (without notification) the material in its outright discernment for any type of factor whatsoever
