The purpose of Covid cess is to cover for the money spent on vaccination as well as on assisting the poor during the pandemic. But public health is a state subject.
Against warnings of long-term economic risks, Finance Minister Nirmala Sitharaman reaffirmed the government’s 2019 Budget plan to issue overseas sovereign bonds.
In FY 2025-26, AoN for 55 proposals amounting to Rs 6.73 lakh cr has been accorded by DAC. Both the quantum of AoN given and capital contracts signed, so far, have been the highest in any FY.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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