P Chidambaram NEW DELHI: Initiating a discussion on Budget 2026-27 in the Rajya Sabha on Monday Congress’ P Chidambaram attacked govt for cutting capital expenditure in 2025-26.”This is a forgettable budget… which has been prepared by a finance minister who forgot the promises made by her in this House last year,” the former finance minister said.Chidambaram pointed out that the nominal growth rate in 2023-2024 was 12%, but reduced to 9.8% in the past fiscal year.”For almost 12 years, capital investment, gross fixed capital formation, has been stuck at 30% of GDP. Net FDI in 2024-25 collapsed to less than 0.09%. foreign portfolio investors (FPIs) are pulling out. Private investment, although the companies are cash rich, is stuck at 22% of the GDP,” Chidambaram said.”Where is the reform express gathering momentum,” he questioned.End of ArticleFollow Us On Social MediaVideos“Trade Deal Wouldn’t Happen Without Him”: Goyal Praises US Envoy GorOpposition Parties’ No-Confidence Move Against Om Birla?; ICC Rejects Pak Demand Over India BoycottRajnath Singh, Greek Counterpart Chart Five-Year Defence Cooperation Roadmap’India Must Find Its Own Elon Musk’: Ex-DGMO Emphasises Superiority In Space Tech To Win Future WarsPunjab Law College Horror: Student Shoots Classmate, Turns Gun On SelfBJP Accuses Mamata of Misleading Nation After SC SIR Ruling, TMC Counters ClaimsWatergate Files Reveal Ex-US President Nixon Was Ready To Back China If It Attacked India In 1971How Sanae Takaichi’s Japan Elections Win Could Alter Indo-Pacific Power Balance, India’s StrategyPariksha Pe Charcha 2026: PM Modi Advises Students on Discipline and More for Viksit Bharat 2047’White Collar Terrorism…’: Ex-DGMO AK Bhatt On Biggest Challenge For The Army In Jammu & Kashmir123PhotostoriesValentine’s Week special: Luxury stays for solo reflection and self connection8 easy and delicious ways to add fruit jam to your breakfastExclusive – Laughter Chefs 3’s Arjun Bijlani on pairing up with Tejasswi Prakash: I keep teasing her asking when she’s getting married, planning to have kids. even call her ‘bhabhi’Replace your cookware immediately if you notice these 5 signs (number 3 is a warning)Julia Roberts and Daniel Moder net worth: Inside the couple’s USD 260 million empireChef Sanjeev Kapoor shares 10 smart tips and tricks for deep frying for better taste and nutrition6 unique homes in India; redefining contemporary residential architecture7 ancient fish species older than dinosaursHow luxurious is Suryakumar Yadav’s garage? 5 cars from his collectionWhat epilepsy really is (and what it isn’t)123Hot PicksUAE Public School RegistrationGold Silver PricesParliament Budget SessionGCC Unified Visa 2026Income Tax CalculatorPublic holidays February 2026Bank Holidays februaryTop TrendingTravis KelceBad BunnyBrittany MahomesRobert Kraf WifeCoco JonesCandace OwensSuper Bowl 60 Halftime PerformanceNBA Trade RumorsJutta LeerdamKim Kardashian and Lewis Hamilton Net Worth
NEW DELHI: Initiating a discussion on Budget 2026-27 in the Rajya Sabha on Monday Congress’ P Chidambaram attacked govt for cutting capital expenditure in 2025-26.“This is a forgettable budget… which has been prepared by a finance minister who forgot the promises made by her in this House last year,” the former finance minister said.Chidambaram pointed out that the nominal growth rate in 2023-2024 was 12%, but reduced to 9.8% in the past fiscal year.“For almost 12 years, capital investment, gross fixed capital formation, has been stuck at 30% of GDP. Net FDI in 2024-25 collapsed to less than 0.09%. foreign portfolio investors (FPIs) are pulling out. Private investment, although the companies are cash rich, is stuck at 22% of the GDP,” Chidambaram said.“Where is the reform express gathering momentum,” he questioned.
