Entire fiscal stimulus to be funded by borrowing, revenues; not taking money from people, says FM


PTI, Mar 5, 2021, 9:07 PM IST

New Delhi: Finance Minister Nirmala Sitharaman on Friday said the entire fiscal stimulus announced by the government would be funded by borrowings and revenues, and taxpayers will not be charged even a single penny.

”I am not expecting the stimulus to be funded by taxpayers. Not a rupee from the taxpayer. The entire amount …. is shown as revenue and borrowings. The government is borrowing to spend, but it is not taking from people,” she said while interacting with journalists at the IWPC (Indian Women’s Press Corps).

The Aatmanirbhar Bharat package announced by the government in 2020 to perk up the economy was estimated to be about Rs 27.1 lakh crore, which amounts to more than 13 per cent of GDP. This also includes liquidity measures announced by the RBI.

To a query on whether the government is considering to regulate cryptocurrencies, Sitharaman said, ”We have been in discussion with the RBI. When things develop closer to anything else, we will announce. But, we are working on it.”

Reserve Bank of India Governor Shaktikanta Das had last week said the apex bank has certain ”major concerns” over the impact cryptocurrencies may have on the financial stability in the economy and has conveyed the same to the government.

Asked about her views on the Supreme Court judge asked a rape accused if he would marry a rape victim, Sitharaman said, ”I think there are established …(ways of handling) in dealing with rape victims and when such allegations come, there are certain established ways of handling it. I am sure the court is ceased of it.”

Earlier this week, a Supreme Court bench headed by Chief Justice of India (CJI) SA Bobde had asked a rape accused whether he was ready to marry the complainant.

Several women’s rights activists, eminent citizens, intellectuals, writers and artists had also written an open letter to the CJI demanding an apology and retraction of his remarks.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

BJP Karnataka unit prepares list of probable candidates for LS election

Parliamentary immunity: A tale of contradictory SC verdicts

‘Pro-Pak’ sloganeering case: 3 accused arrested

Kadaba acid attack: Karnataka Health Minister assures stringent legal action against perpetrator

Delhi Police nabs Bangladeshi man from Kolkata for sending hoax e-mail about explosive on flight

‘Mera Bharat, mera parivaar’, says Modi to Lalu’s ‘you don’t have family jibe’

Entire country PM Modi’s family: BJP

Related Articles More

Gurugram: 3 private bank employees held for helping cyber frauds

India transforming due to right policies, right leader: Gadkari hails PM at BJYM meet

Uddhav blasts BJP, says party’s old poll ‘jumlas’ repackaged as ‘Modi ki Guarantee’

College student ‘tortured and killed’ by a group of students in Telangana hostel

‘Diverting from real issues, annoyed as INDIA bloc growing’: Congress on BJP’s ‘Modi Ka Parivar’

MUST WATCH

Anantha Padmanabha Temple

Rameshwaram Cafe

Belkale chande team @Ayodhya

Namma Metro Staff Doesn’t Allow A Farmer To Travel Citing Dirty Clothes

A rare disease


Latest Additions

Udupi: New branch of MCC bank inaugurated at Brahmavara

Gurugram: 3 private bank employees held for helping cyber frauds

People started seeing me in a different light post ‘Maharani’: Huma Qureshi

Two dead, four injured in horrific car crash near Mandya

BJP Karnataka unit prepares list of probable candidates for LS election

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.