The Key Strategy Is Fiscal Empowerment Of States
The Hindu|April 22, 2020
The Centre must recognise that winning the war on COVID-19 is linked to the States being armed with enough resources
- M. Govinda Rao
The Key Strategy Is Fiscal Empowerment Of States

The scale of disruption caused by the COVID-19 pandemic has never been seen before. Even as we are in the midst of the second phase of the national lockdown, there is no clarity on the time it will take to come out of the crisis, the extent of damage it will inflict, and the cost of relief and rehabilitation required. At a time when governments, both at the Centre and in the States, are fiscally stressed, the pandemic has forced them to undertake huge expenditures to save lives, livelihoods and reduce distresses and even more, to create a stimulus to revive the economy as we map the exit strategy.

Need for relief

The speed of economic revival will depend on how long it will take to revive economic activities and the volume of stimulus through public spending the government is able to provide. It now appears that the lockdown will be lifted in stages and the recovery process will be prolonged. The country is literally placed in financing a war-like situation and the government will have to postpone the fiscal consolidation process for the present, loosen its purse strings and finance its deficits substantially through monetisation. This is also the time for the government to announce relaxation in the States’ fiscal deficit limit to make them effective participants in the struggle. It is also important for the States to realise the importance of health and prioritise spending on healthcare services.

この蚘事は The Hindu の April 22, 2020 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Hindu の April 22, 2020 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE HINDUのその他の蚘事すべお衚瀺
‘Olympics Cancellation Likely If Vaccine Not Found In Time'
The Hindu

‘Olympics Cancellation Likely If Vaccine Not Found In Time'

Further delays impossible, says Tokyo Games organising panel chief Mori

time-read
1 min  |
April 29, 2020
It's Wholesale Only At Koyambedu Market
The Hindu

It's Wholesale Only At Koyambedu Market

Retail outlets to remain shut to bring down crowding.

time-read
2 分  |
April 29, 2020
Ministry Does U-Turn On Plasma Therapy
The Hindu

Ministry Does U-Turn On Plasma Therapy

Treatment not proven: Health official

time-read
2 分  |
April 29, 2020
Trump's Bleach Statements Echo Claims By Pseudo-Scientists
The Hindu

Trump's Bleach Statements Echo Claims By Pseudo-Scientists

‘Miracle cure’ quacks have long promoted industrial bleach to treat autism, malaria and many other medical conditions

time-read
3 分  |
April 29, 2020
U.S. May Seek Damages From China
The Hindu

U.S. May Seek Damages From China

President says many options on the table to hold Beijing accountable, draws an angry response

time-read
2 分  |
April 29, 2020
Koyambedu Market May Be Shifted Out
The Hindu

Koyambedu Market May Be Shifted Out

Decision likely at today's meeting of stakeholders; aim is to enforce physical distancing

time-read
2 分  |
April 28, 2020
Massive Spike Of 522 Cases In Maharashtra
The Hindu

Massive Spike Of 522 Cases In Maharashtra

On Monday, cumulative tally surged to 8,590 positive cases with 27 more deaths

time-read
2 分  |
April 28, 2020
The Script Of Disruption And A New Order
The Hindu

The Script Of Disruption And A New Order

Across the globe, the geopolitical and geo-economic fallout of the COVID-19 pandemic could be serious

time-read
6 分  |
April 28, 2020
A Policy Road Map To Tackle Covid-19
The Hindu

A Policy Road Map To Tackle Covid-19

The interest of each and the interests of all now coincide, not only within nations but for all humanity

time-read
5 分  |
April 28, 2020
ICMR Says No Payment Made For Chinese Test Kits Supplies
The Hindu

ICMR Says No Payment Made For Chinese Test Kits Supplies

Alleged profiteering by distributors supplying the kits

time-read
2 分  |
April 28, 2020