"The government has hinted at taking up cash transfers to the poor," Chidambaram added citing media reports.
"The government has also practically admitted through unnamed sources that it has asked the RBI to be prepared for monetising part of the fiscal deficit," he further said.
The Congress has been demanding cash transfer directly to the people's account to the tune of Rs 65,000 crore.
"Earlier this month, the Prime Minister announced an economic stimulus which according to him was equivalent to 10 per cent of the GDP. However, economists in India and around the world have done the maths and come to the sad conclusion that the economic stimulus announced by the Prime Minister is actually less than 1 per cent of our GDP and that too most of it is in terms of loans that could drag our MSMEs into a debt trap from which they will struggle to recover," Rahul Gandhi had said.
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