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    Take loan from World Bank to help states: Shiv Sena tells Centre

    Synopsis

    The Shiv Sena on Friday slammed the Modi government over the economic crisis faced by the country, saying demonetisation and "mishandling" of the coronavirus-induced lockdown were to be blamed for the current situation.

    Agencies
    The Shiv Sena on Friday slammed the Modi government over the economic crisis faced by the country, saying demonetisation and "mishandling" of the coronavirus-induced lockdown were to be blamed for the current situation. An editorial in party mouthpiece 'Saamana' criticised the NDA government for what it called trying to "wash its hands of the crisis".

    "On March 13, Union health minister Harsh Vardhan said there was no health emergency in the country, while on March 22, the Prime Minister imposed a one-day 'janata curfew' and on March 24 announced a 21-day lockdown with just four-hour notice," the Marathi daily said.

    "The chaos and uncertainty which began that day continue even now," the former BJP ally said and added the Centre "mishandled" the lockdown. The editorial said the need of the hour is that the Centre stands firmly with states during this crisis. "The (Congress-led) UPA government had extended all assistance to the government of Gujarat (ruled by BJP). It is the job of the Centre.

    "At least 22 per cent of revenue in the Centre's exchequer comes from Mumbai. But the Centre is not ready to help states. "Maharashtra, Gujarat, Uttar Pradesh, Tamil Nadu and Delhi have borne the maximum brunt of COVID 19 and suffered losses worth Rs 14.4 lakh crore," the Sena publication said.

    The paper said the Centre announced a relief package of Rs 20 lakh crore during the lockdown, but it's a mystery where the money has gone. The editorial said several states have sought financial assistance from the Centre to deal with the crisis triggered by the COVID-19 outbreak and the subsequent lockdown.

    Maharashtra, where the Sena heads the ruling coalition, has asked for its GST share of Rs 23,000 crore, it said. In September, the Centre stopped supply of medical equipment (needed to fight COVID-19) due to which Rs 300 crore burden will be on the state exchequer (in Maharashtra), the daily said.

    Since the Centre is responsible for the economic crisis, it should take loan from the World Bank and help states, the editorial said. The Indian economy contracted by 23.9 per cent in the April-June quarter of this fiscal amid the COVID-19 crisis, official data showed.
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    2 Comments on this Story

    Prakash Ramiah42 days ago
    One nation one housing policy and one acre one cr land compensation bonds are the answer.no fdi,no fii,no world bank required. How it will revive central,state,govts development. Very simple barrenb land owned by center state,municipal ,private are issued cap gains,tax,tax gree,gst free assignment rights 5 year,5 percent with circle rates and maturities coupon adjusted bharat bonds in nse,bse using rera brokers. On day 21 all lands with authorities and bond with land holders.noe kick start construction and manufacturing in each state.housing will add app 25cr value addition for housing per acre. This policy alone will generate 12 lac cr gst.better organizations like niti,national institute of public finance,rera,rbi,sebi ministries kick start this debate.land compensation bonds and distribution of badic fsi are two important tools available for demand recession management.
    Sushman Kumar42 days ago
    Shameless Maharashtra govt, don't anyone know this?
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