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Sep 8, 2020 8 tweets 5 min read Read on X
State Of The Economy | How does the government plan to prioritise spending to provide the much-needed support to the economy? @dugalira in conversation with Expenditure Secretary TV Somanathan. #BQLive pscp.tv/w/ciX4sDFtTUVQ…
No question that central government is the last resort of the economy in a crisis, says Expenditure Secretary TV Somanathan.

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Expenditure will be sustained, but how much it will increase will have to be seen as things come, says Expenditure Secretary TV Somanathan.

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Raising cess is not an option right now, says Expenditure Secretary TV Somanathan.

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We are liable to pay compensation for shortfalls in #GST collections, says Expenditure Secretary TV Somanathan.

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Looking at a structure where state bonds could be securitised against future cess receipts, says Expenditure Secretary TV Somanathan.

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Doing our best to step up public sector enterprise capital expenditure, says Expenditure Secretary TV Somanathan.

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Purely on economic merits and an academic point of view, there is merit to direct monetisation, says Expenditure Secretary TV Somanathan.

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