75,000 crore to be spent for the poor, says former RBI Governor Raghuram Rajan


Bengali Hunt Desk: Raghuram Rajan, former governor of the Reserve Bank of India (RBI), said in order to increase financial activity after the lockdown, people's livelihoods need to be protected as well as the fight against the corona virus. In a video conference with Rahul Gandhi, a former Congress president and Congress MP from Kerala's Wanad in Kerala, Raghuram Rajan also said that Rs 75,000 crore has been spent to help the country's poor, workers and farmers. The government has to do it.

Answering a question from Rahul Gandhi, Rajan said, “People will be better off in social harmony, and we cannot take the risk of being divided in this time of crisis.” “Our economy is more than Rs 200 lakh crore and we can carry Rs 75,000 crore out of it,” Rajan said. He said the economy needs to recover quickly and urgent steps need to be taken to deal with the corona virus.

On the issue of corona testing in India, the former governor of the Reserve Bank said that 150,000 corona tests are being done in the United States every day. Many say that five million people should be tested every day. In India, we are testing 20 to 25 thousand people every day. And we should do more tests.

On the world economy, Raghuram Rajan said, “Like me, there are some mistakes in the global financial system. People don't have jobs, those who have jobs are thinking about the future.” Income is being distributed unequally. Opportunities need to be properly distributed.