Categories: INDIA

FM Sitharaman forgets last year’s promises: Chidambaram | India News

New Delhi: Launching discussions on the 2026-27 budget in the Union House on Monday, Congress MP P Chidambaram attacked the government for cutting capital expenditure in 2025-26.“This is a budget to forget… prepared by a finance minister who has forgotten the promises he made in the House last year,” the former finance minister said.Chidambaram pointed out that the nominal growth rate in 2023-2024 was 12%, but it fell to 9.8% in the last fiscal year.Chidambaram said: “For the past 12 years, capital investment, gross fixed capital formation has been stuck at 30% of GDP. Net foreign direct investment fell to less than 0.09% in 2024-25. Foreign portfolio investors (FPIs) are leaving. Although corporates are cash-rich, private investment is stuck at 22% of GDP.”“Where is the motivation for the express train of reform?” he questioned.

WEB DESK TEAM

Our team of more than 15 experienced writers brings diverse perspectives, deep research, and on-the-ground insights to deliver accurate, timely, and engaging stories. From breaking news to in-depth analysis, they are committed to credibility, clarity, and responsible journalism across every category we cover.

Recent Posts

28 seats and one Rajya Sabha seat: Congress, DMK sign agreement for Tamil Nadu polls

DMK, Congress leaders after Seat0sharing deal finalized CHENNAI: An end to speculation, DMK and tamil nadu congress Committee (TNCC) on…

5 minutes ago

Florida joins Texas in suspending new H-1B visa hiring at public universities, here’s who is affected

After Texas, public universities Florida There is also a moratorium on hiring new employees through the H-1B visa program. Months…

10 minutes ago

Allen writes history as first ever to achieve T20 WC record

New Zealand opener Finn Allen created history in Kolkata on Wednesday by smashing the fastest-ever hundred in the T20 World…

28 minutes ago

AI war videos and hacked handles: X product lead Nikita Bier reveals the operations of 31 accounts

Nikita Bier, the platform's director of product development, said a Pakistani man ran at least 31 accounts on X that…

37 minutes ago

Roads ministry proposes Centre’s power to set speed limit for NH

NEW DELHI: In a bid to clear commuters' confusion over speed limits on national highways and highways, the road transport…

46 minutes ago

Nancy Guthrie Update: Sheriff Nanos says investigators ‘closer’ to identifying suspect in disappearance

Update from Nancy Guthrie: After missing for more than a month Nancy GuthrieInvestigators say the case is making progress. The…

1 hour ago