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.
Comments
Can't justify this act.......
For \TWO SLAP\" principal has admitted 2 days in hospital and politicize the internal issue through community/paid media.
I am not supporting this student but there is some reason behind this slap. Don't bring politics, community and ego in this issue and solve internally."
Brother Alwyn.. Dont pull this issue to political & drag muslim organisation.... Person who has done the mistake ofcourse he has to be punished.. no matter to which community he is belonged to...
Without any knowledge dont comment blindly....
IF you look at the Video there were more persons involved in the planned attack. Campus front of india, Popular Front of India, KFD, SDPI, Muslim League should join hands together to save Muslim student shahnavaz. other wise he will be in trash.
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