Punjab government seeks over Rs 80,000 crore aid from Centre
Stressing that the coronavirus challenge is likely to stay for long, the Punjab government sought a fiscal aid of over Rs 80,000 crore
Chandigarh: Stressing that the coronavirus challenge is likely to stay for long, the Punjab government sought a fiscal aid of over Rs 80,000 crore from the Centre to save lives and secure lovelihoods'.
Chief Minister Amarinder Singh in a memorandum to Prime Minister Narendra Modi pointed towards a 'large-scale devastation and distress' caused to the state due to the Covid-19 pandemic.
Singh also emphasised the need for 'administrative, structural and even statutory changes' to ensure the safety and security of people in the new normal, given that the pandemic is here to stay for a long time.
The Punjab government feels that states alone cannot meet the new challenges, therefore, in the true spirit of cooperative federalism, needs the Union government to assist them in an unusually big way, which the country has never seen since the Independence in 1947, the CM said.
The Punjab chief minister in a statement said a direct fiscal stimulus of Rs 26,400 crore and the waiver of the long-term CCL (cash credit limit) debt was extremely necessary for the fiscal recovery of the state.
The Punjab government also sought Rs 6,603 crore for improvement in the state's public health infrastructure.
Besides, the state will need an estimated Rs 15,975 crore for the upgrade of farm-gate infrastructure, one-time debt waiver, providing income support and interest subvention.
To contain the Covid-19 contagion in the rural areas, Rs 5,068 crore will be required for liquid and solid waste management in the villages, the CM demanded.
The government also sought Rs 757 crore for new and renewable energy sector, Rs 571 crore for border area development and Rs 326 crore for the transport sector.
Besides seeking Rs 5,040 crore as fiscal assistance for the welfare of migrant labourers, the CM demanded that the Inter-State Migrant Workers Act should be revamped to safeguard their interests and basic rights.
The government also sought support for trade and industry, especially micro, small and medium enterprises.