Bengaluru, Apr 27: Janata Dal-Secular leader and former Karnataka chief minister HD Kumaraswamy on Monday said that the government should work towards lowering the cost of living as the spending power of the consumer has weakened, and it should impose COVID cess on the ultra-rich.
"The economy won't bounce back within a very short period. It is important to lower the cost of living as the spending power of the consumer has depleted. The government must cut the petrol/diesel prices. The loss of revenue may be offset partially by imposing COVID cess on the ultra-rich," Kumaraswamy tweeted.
"According to RBI and international economic assessment agencies, the GDP growth rate of the country is expected to fall to a historic low. Such a dire situation calls for citizen-centric measures like full or partial waivers of EMIs, rents, school fees, and other levies," he added.
Kumaraswamy further said that the government must announce schemes to save the livelihoods of people, especially those in the unorganised sector.
"It is high time the government announced schemes to save livelihoods of people, especially those in the unorganised sector. The government must provide immediate relief to farmers, construction workers, cab and auto drivers, garment workers, etc," the former Karnataka CM tweeted.
The Confederation of Indian Industry (CII) had said on April 23 that India's economic growth is likely to hover between zero and 1.5 per cent in the current financial year as the extended COVID-19 lockdown slows down activity across most sectors.
India is under a nation-wide lockdown which was imposed on March 25 and later extended on April 14 to May 3 to stem the spread of coronavirus.
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what a tragedy & shame those people big, big business tycoon muslims honored this anti muslim or RSS dog Nalin kumar now go & suck his sandels fear peoples what the is use of wealth collecting one every should die then what will happen that your remainings. If your fear Allah, Allah will help you but you people pleasing this mushrik. You people must know one thing loylty & pleasing only only Allah no need others He is Enough.Go and open Quran check sura 9:111 & 2:254 you may think we safe pleasing of this kufar never they always waiting for chance this Allah clearly told in Quran. Those who made that Shame on all of you. Understand beliver safe only from ALLAH
This guy is a crook
were is muslim business guy who given big honouring party to MR NALINI kumar please convience him REJECT CAB AND NRC if you can
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