Chidambaram urges reset of economic policies

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Chidambaram urges reset of economic policies

Asserting that the state of the economy is a cause of extreme concern, Congress leader P Chidambaram said on Saturday that it may be necessary to consider a reset of economic policies, taking into account global and domestic developments.

Chidambaram said that the post-pandemic recovery has been indifferent and that the time is ripe for a comprehensive review of fiscal relations between the Centre and the States, as well as the post-pandemic recovery has been indifferent since the current government has stepped in, and that the post-pandemic recovery has been halted by the post-pandemic recovery.

The Congress leader said that the consequences of the poorly-drafted and unfairly implemented GST laws brought in by the Modi government in 2017 are there for everyone to see.

The States' fiscal position is fragile like never before and needs urgent remedial measures, said the former finance minister, flanked by some other members of the panel, such as Gourav Vallabh and Supriya Shrinate.