Former Vice Chairman of NITI Aayog, Rajiv Kumar believes that state governments should not give freebies beyond their fiscal capabilities. He said that it is not right at all to give gifts or durable consumer goods for free after going out of capacity.
Former Vice Chairman of NITI Aayog, Rajiv Kumar believes that state governments should not give freebies beyond their fiscal capabilities.
Former Vice Chairman of NITI Aayog, Rajiv Kumar believes that state governments should not give freebies beyond their fiscal capabilities. He said that it is not right at all to give gifts or durable consumer goods for free after going out of capacity. Kumar said that on the basis of eligibility and government There is a difference in the freebies given outside the fiscal capacity of the He said that the nature of giving free gifts or durable consumer goods as gifts is such, which is not needed. In any case, such work should not be done by those governments which are struggling with fiscal impasse.
No comparison with Sri Lanka’s economic condition: Kumar
Asked about some politicians comparing India’s current economic situation with Sri Lanka, Kumar said any such comparison is unfair and mischievous on many levels. He said that Sri Lanka is facing a serious economic crisis and India is giving it financial assistance.
Kumar further said that the ratio of tax to gross domestic product (GDP) in the Nordic countries is around 50 per cent, as they spend a lot of money in providing public services and goods to the common people. He said that he feels that this is not something on which we should discuss or debate. He said that it is very important to increase the quality and accessibility of public goods and services for the common man, especially the people from the lower strata.
PM Modi said to distribute Revdi
Prime Minister Narendra Modi has recently criticized the tendency of governments to give free gifts to the people, describing it as distributing Revdi. He has described it as a waste of taxpayers’ money as well as an economic disaster, which can affect India’s journey to become self-reliant. When asked about Telangana Chief Minister K Chandrashekhar Rao’s recent statement about NITI Aayog, he said that Rao is free to express his opinion. Rao had boycotted the meeting of its Governing Council last week, calling the NITI Aayog a useless institution.
On this, Kumar said that the fact is that the Chief Ministers of almost all the states attended the Governing Council meeting. This shows that Chief Ministers of other states do not agree with the opinion of the Chief Minister of Telangana. On the current macro-economic situation of India, he said that there is no fear of recession in the entire country at any point of time. He said that technically a recession occurs when a country witnesses negative growth for two consecutive quarters. Kumar said that in the case of India, I do not see this happening. So it is very clear in my mind that India will not face the pressure of any recession.
(with language input)