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FM’s fourth tranche announcement has no fiscal measure : P Chidambaram

Congress leader P Chidambaram on Saturday said that the fourth tranche of economic package announced by the Union Finance Minister Nirmala Sithraraman has no fiscal measure and termed it as ‘zilch’. 

“My one line comment on FM’s fourth tranche: No fiscal measure, ZILCH,” the former finance minister tweeted post Sitharaman’s announcement today.

In the fourth tranche of announcement on Rs. 20 lakh crore ‘Atma Nirbhar Bhara’ economic package, the Finance Minister on Saturday announced structural reforms for eight sectors including Rs. 50,000 crore for coal infrastructure and increased foreign direct investment (FDI) limit in defence manufacturing from 49 per cent to 74 percent.

The fourth tranche announcement of the finance minister was expected to  focus on the middle class, small traders and retailers, who are worst hit by the pandemic. However, the announcement did not address any of these segments. 

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