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The Hindu
The Hindu
National
Sandeep Phukan

At Chintan Shivir, Congress talks about a ‘reset’ of economic policies

P Chidambaram Inflation India Poverty

India reaped the benefits of the 1991 economic liberalisation ushered in by a Congress-led government, but global and domestic developments make it necessary to contemplate a “reset” of economic policies, former Union Finance Minister P. Chidambaram said on Saturday.

As the convener of the Committee on Economic issues, Mr. Chidambaram addressed the media on the party’s position on various issues that came up on day one of the party’s three-day-long Chintan Shivir at Udaipur in Rajasthan.

Calling for a comprehensive review of fiscal relations between the Centre and the States, Mr. Chidambaram demanded that the compensation to the States for the Goods and Services Tax (GST) should be extended for a period of three years.

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