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
This MLA will become PM in Incredible India.
Anything is possible in India until People wake up and fight for their rights instead of religion.
Naren Thailand/Singapore comment is missing. May be busy with applying for bail for this terrorist.
wow what a frustration ...bachalis from one particular community here are shouting and screaming at modiji ... lakalakalaka... in two years itself they came to know their back stabbing third rated work wont work with BJP anymore and if at all modi becomes PM for second time .. they are gone for ever .we nationalist indians are intelligent enough to figur out who is bad and who is good .. so pinkaan muchi koorabekaagi vinanthi .. hahahaha jihadi gala pinkaan ge benki idi
KILL HIM AT THE SPOT.
PLEASE THINK ALL VOTERS BEFORE ELECTING SUCH STUPID LEADER.
Dear all..dont become Anti nationalist by disgracing such a great Desh bakth MrMakanwala......thus Bhakth says
Feku will release him as early as possible.....
NRI PM MODI ACCHE DIN ( GOOD DAY) FOR GUJRATH PEOPLE
Indians should beat themselves by footwear for electing these goons everywhere.
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