Summary:
INDORE: Senior Congress leader and former finance minister P Chidambaram on Sunday said the BJP government is "desperately eyeing the reserves of RBI" after having failed to get money out of notebandi. Because the GST collections are short of target, net direct tax collection is short of target, fiscal deficit of 3.3 will not be met. It wants to grab the reserves. On Sunday, Chidambaram said that after demonetisation, the NDA government was expecting Rs 3-4 lakh crore but it got nothing as 99.3% of the currency came back to RBI. People were forced to borrow, and thousands of MSMEs were shut down.”GST needs to be completely redesigned, he said..