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.