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Monday, April 20, 2020

India staring at widest budget gap since 1987

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THE ECONOMIC TIMESDaily Newsletter
Mon, Apr 20, 2020 | 06:10 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
India staring at widest budget gap since 1987 India staring at widest budget gap since 1987
Citi says India's budget gap will be about 8% of the GDP, the widest since 1987. ...
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Debate This
Now debating: Is it time to put a Covid tax on India's super-rich?
A similar proposal based on a "Covid bond" is already doing the rounds in pandemic-ravaged Europe. One account estimates that a 4% tax on roughly the 1,000 richest families would fetch Modi a war chest larger than 1% of India's GDP — more than what the rescue package has made provisions for.

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