New Delhi: Nobel Award winning economist Dr Abhijeet Banerjee has said that merely postponing the EMI of the loan will not help. He said that EMI should be completely forgiven for a few months and it should be paid by the government.
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Economist of Indian origin said this in a conversation with Rahul Gandhi, former Congress National President. This conversation was broadcast on all the social media platforms of the Congress on Tuesday. Banerjee said, 'I think we can easily implement this for the MSME sector and it would also be appropriate that we can stop debt collection for a few days. We can do more than this. We can also say that the government will repay the loan of this quarter, instead of just repaying the loan back and forth, it will be right to forgive it.
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Banerjee said, 'There is an issue of lack of demand. There are two concerns, first is how to avoid a series of bankruptcies, debt waiver can be an option. The second is the reduction in demand, and the economy wheel can be rotated by paying money in the hands of the people. America is doing this on a large scale. There is a Republican government run by some financiers. If we want, we can also do this.
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