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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one of the shittest face i have ever seen in BJP. even animal face are better than these cowards.
do good to mankind first
Stop the bullship Mr. Eshwarappa,
Forget about ban on cow slaughter. Why are you selling your mother to foreigners by exporting it. If you dare, stop beef export then talk about ban cow slaughter. Bloody coward.
Rubbish. In fact we should call it poll pranks. Not planks. They just want sensational issues. They will surely turn Indian into Somalia.
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