Opposition Calls for Economic Clarity Amidst US Tariff Threat

Indian opposition parties in the Rajya Sabha criticized the government's response to impending US tariffs, urging improved rupee management, increased PM-KISAN aid, and NBFC regulation. Discussions called for increased health and infrastructure spending amid economic challenges and startup closures. Concerns over GST rates and unemployment were highlighted.

The Rajya Sabha witnessed sharp criticism from opposition parties over India's lack of response to the looming threat of increased US tariffs initiated by President Donald Trump. Opposition leaders demanded transparent rupee management, an increase in PM-KISAN financial aid to Rs 10,000 per beneficiary, and tighter regulations on non-banking financial companies (NBFCs).

During the Finance Bill 2025 discussion, Senior Congress leader P Chidambaram questioned the government's silence and lack of discussions with Parliament on the US tariff threat. Despite being praised by some for its discipline, the government faced calls for a clear sectoral development strategy amid calls for heightened spending on health and infrastructure.

The opposition expressed alarm over high GST rates, high unemployment, and the closure of startups, highlighting the economic struggles despite India's rapid growth. The debate featured appeals for GST rationalisation and increased MPLAD funds, alongside concerns about neglected banking and insurance sectors and youth unemployment rates.

(With inputs from agencies.)