New Delhi: BJP On Sunday said India was better placed than many other countries to deal with the economic downfall of the Covid Pandemic because the policies of the Government of Narendra Modi and criticized several government-ruled state governments because they did not cut the value added tax on gasoline and diesel after the center Reduce customs.
BJP spokesman Gopal Krishna Agarwal said the discounts of gasoline and diesel by the center and several countries, mostly ruled by the NDA BJP LED, will submit Rs 88,000 Crore in the hands of consumers as the central government to drive demand and record the nine states – Andhra Pradesh, Jharkhand, Maharashtra, Tamil Nadu, Telangana, Chhattisgarh, West Bengal, Delhi and Kerala – have not yet reduced VAT.
Praising the mode government to make the right decision at the right time, he said it produced resources when global crude oil prices fell and provided financial support to various sectors that needed support due to a pandemic.
Now it has cut oil prices even though the global crude level has increased in the middle of buoyancy in direct and indirect tax revenues, he said.
He said unlike many Indian countries did not use uncontrolled fiscal deficit financing that had made it much better placed to handle inflationary pressures felt throughout the world, including in the US and Europe.
The Modi government uses fiscal stimulus stimulating and provides a sector-specific package while helping the most vulnerable people with direct benefit transfers, he said.
Accepting the rules of the 2004-14 UPA were decades that were economically lost for India, BJP spokesman blamed the previous government handling of the 2008 global financial crisis which created a situation for the economic crisis in the country in 2013.
On the contrary, the government is fashionable the handling of the graver crisis caused By a pandemic has “exemplary”, he said, noting that Indian foreign exchange reserves can now fund their import bill for 14 months.
Citing Air India’s sales, he said India is now strong in the path of economic reform and the government will take more steps, including in the nest year budget, which is needed, he said.