STOCK MARKET BSE NSE

Rs 65,000 crore needed to feed poor; India needs to be smarter in lifting lockdown: Rajan tells Rahul

Former RBI Governor Raghuram Rajan said that there should be efforts to give money to the poor through DBT, MGNREGA, old age pension and also supporting through PDS.

Published: 30th April 2020 10:40 AM  |   Last Updated: 30th April 2020 05:10 PM   |  A+A-

 Former Reserve Bank of India Governor Raghuram Rajan. (Photo | PTI)

By IANS

NEW DELHI: Former Reserve Bank of India Governor Raghuram Rajan in a video talk with Congress leader Rahul Gandhi, streamed by the party, said that country needs Rs 65,000 crore to feed the poor.

Raghuram Rajan said, "Rs 65,000 crore is needed to feed the poor and India can afford it as the GDP is Rs 200 lakh crore," adding that "Social harmony is a public good; we cannot afford to have our houses divided at the time when challenges are big".

He said that there should be efforts to give money to the poor through DBT, MGNREGA, old age pension and also supporting through PDS.

Raghuram Rajan said that India needs to be smarter in lifting the lockdown as it has limited capacity to feed the poor.

"There are ways country can take advantage but I think there will be no positive impact of this situation as there may be rethinking in global economy."

"There will be strategic change but these types of pandemic have rarely any positive effects in general," said Rajan.

ALSO WATCH:

When Rahul Gandhi asked the former RBI Governor about the testing capacity for coronavirus, Rajan said India needs at least 5 lakh testing per day.

The Congress leader also exchanged views about the authoritarian way the situation in the country is being handled, as more centralisation is happening contrary to liberalisation and decentralisation.

While Rahul Gandhi asserted that southern states are doing better in strengthening the panchayati raj system, northern states are more for centralisation of power.



Comments(1)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • Ajeet

    65000crores to feed the poor but for how many days?
    5 months ago reply
IPL_2020
flipboard facebook twitter whatsapp