Punjab Chief Minister Captain Amarinder Singh on Monday said that the state is estimated to be short of Rs 30,000 crore in revenue this financial year due to the ongoing coronavirus pandemic. “I have just sent to the Prime Minister a memorandum of the Government of India seeking fiscal and non-fiscal assistance from the government. We have covered all our areas. We estimate, that by the end of this financial year, we will be short of about Rs 30,000 crore in revenue,” Singh said in a press conference. He observed that trade is going down and added that the Goods and Services Tax (GST) will be reduced. “We have received only Rs 2,200 crore in GST for the first three months of the year. As far as indications are concerned, we will reach the peak in, some say July and some say August, September, October or November. It could be anytime. There is no clear cut method of this escalation. We have to be prepared,” Singh said.
