Ramaswami

This Blog is about the democratic movements in India. Its only aim and objective is to fight against the anti-people policies of the ruling class.

Wednesday, May 13, 2020

The fiscal package announced by the central government of Rs 1.7 lakh crore has more than half of this amount from rehashed old central schemes. Even this total amount is less than 1 per cent of our GDP. This must be increased to at least five per cent of our GDP i.e., around Rs 10 lakh crore and the state governments must be liberally assisted with finances to meet this challenge. In the absence of this, the only avenues left for revenue raising by the states are by hiking the prices of petroleum products and alcohol. This will only put further burdens on the livelihood conditions of crores of our people making them more vulnerable to fall victim to this pandemic.

CPI(M) with the People in Combating this Pandemic | Peoples Democracy




Ramaswami at 6:06 AM
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