No banker will lend to a debt-ridden business: ChidambaramA day after Union Finance Minister Nirmala Sitharaman announced new sops to give a boost to the COVID-19-hit economy, former Congress president Rahul Gandhi on Tuesday called the economic package a hoax. “No family can spend the Finance Minister’s ‘economic package’ for their living, food, medicine or their children school fees. Not a package, another hoax!,” he tweeted. No banker will lend to a debt-ridden business,” former Union Finance Minister P. Chidamabaram said in a series of tweets. On the contrary, more demand (consumption) will trigger more supply,” he stated.

Source: The Hindu June 29, 2021 06:03 UTC