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National News

The Times of India

National / The Times of India

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FM Sitharaman forgot last year's promises: Chidambaram

P. Chidambaram criticized the Union Budget 2026-27 in the Rajya Sabha, labeling it 'forgettable' for cutting capital expenditure. He highlighted stagnant capital investment, a collapse in net FDI, and withdrawing foreign portfolio investors, questioning the government's reform momentum. Chidambaram noted a decline in nominal growth and a lack of private investment despite companies holding significant cash.

10 Feb 2026 2:30 am