January 24, 2020
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Surcharge, A Soft Option

Surcharge, A Soft Option
The quake surcharge is redundant. Against an estimated official loss of Rs 21,000 crore, Rs 10,000 crore has come in as global aid. Plus there are NRI and domestic contributions, corporate donations and gifts in kind. Most of this is going into the Calamity Relief Fund. The rest are

  • $250 million committed by the World Bank $500 million from the adb, Gujarat's partner in development
  • Rs 500 crore central relief package
  • Rs 1,500 crore from MP local area development fund
  • Soft loans and rescheduling by commercial banks
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