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May 12, 2020 3:00 AM -

Punjab CM pitches for lockdown extension with 'carefully crafted strategy'

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Punjab Chief Minister Captain Amarinder Singh on Monday pitched for extension of the lockdown with a "carefully crafted strategy", which is to be backed by fiscal and economic empowerment of the states to save lives and secure livelihood. Photo-ANI

Punjab Chief Minister Captain Amarinder Singh on Monday pitched for extension of the lockdown with a "carefully crafted strategy", which is to be backed by fiscal and economic empowerment of the states to save lives and secure livelihood.

During a video conference with Prime Minister Narendra Modi, Singh said that states needed to be given greater flexibility in micro-planning as part of a carefully planned exit strategy, encompassing both COVID containment and a defined path of economic revival.

He demanded urgent financial assistance to states to meet at least 33 per cent of their committed liabilities, along with revenue grants to the states for 3 months to meet the shortfall in revenue and to fund expenditure on COVID-19.

The Punjab Chief Minister also called for a "national strategy" on COVID testing.

He also reiterated his demand for the immediate release of Punjab's GST arrears of Rs 4,365.37 crore.

The Chief Minister also urged the Prime Minister to increase the borrowing limit under the Financial Responsibility and Budget Management Act 2005 (FRBM Act) from 3 per cent to 4 per cent of SGDP to enable states to meet their fiscal liabilities.

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