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
Shobha Kandodi,
I am not a Hindu but I can assure that the temples of Karnataka are much safer than Pakistan.
Modi belongs to Chaddi group. If he is really thretened why Shoba did not sugest Chaddiwlas boss Bhagawat to send his army which he claim to be far superior to our National Army.
Shoabha akka.. I guess you are a big threat to his life.. may be you are planning to become next PM..
This krishna mutt is safe for each and everyone.. Such a peacefull temple it is..
Good that he was not paid a visit. Or else you would have sent your goons and made it look like some terrorists entered from Arabian sea :D or from kaup beach :D
Our Temple is in NAMMA HEMMEYA UDUPI, not in KASHMIR where safety is a concern with few number of GOONDAS.
Once again dont make such statements highlighting safety concerns.. Our PM was in UDUPI, India.
She is a Joker in Beti Jalawo/rape karo Party. She never uttered a truth in her life. She has PhD degree from Nappur University in telling lie and fooling people. she is a waste to Karnataka and people should kick her out to Andaman.
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