Tax the super rich in India to raise resources to fight COVID-19: Nobel laureate Joseph Stigliz
Kolkata: American economist and Nobel laureate Joseph E Stigliz on Monday advocated taxing the super rich class in India to raise resources for fighting the COVID-19 pandemic, if the government fails to pool in the required funds.
He also said the Indian government should not shy away from spending to control the pandemic and help the vulnerable sections.
"Funds should be targeted at high-impact areas rather than low-impact ones, and if you can't get resources, raise taxes as you (India) have a lot of billionaires," Stigliz said at a FICCI-organised interactive session.
There have been recent debates on levying COVID tax on the super rich in India.
On the Centre's call for 'Atmanirbhar Bharat' (Self- reliant India), the noted economist said too much self reliance will lower the standard of living as a lot of products, including vaccines, are imported.
"This gives nativism but is not realistic, as the pandemic and climate change have shown the need for greater collaboration," he said.
Stigliz also said India and the US did not handle the COVID-19 situation well. Allowing the movement of migrant workers exacerbated the spread of the virus and defeated the purpose of lockdown, he said.
Stigliz criticised the US for widening the divide of racism and income, and "similar divisive politics in India" that will undermine the society and economy.
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RCB to play five IPL 2026 home matches in Bengaluru, two in Raipur
Bengaluru (PTI): Defending champions Royal Challengers Bengaluru will play five of their home matches at the M Chinnaswamy Stadium here and the remaining two fixtures at Raipur's Shaheed Veer Narayan Singh International Stadium in the upcoming IPL, the franchise said on Tuesday.
The announcement ended doubts about whether the IPL 2025 winners would be able to play at their home ground, the M. Chinnaswamy Stadium, following the stampede that killed 11 fans after RCB's maiden title win.
Since that tragic indecent, the venue has not hosted any major domestic matches including the Ranji Trophy, Vijay Hazare Trophy or even the Maharaja Trophy KSCA T20.
"This significant development comes after months of hard work and close coordination across all concerned authorities with a common goal of bringing the games back to home ground for the fans," RCB said in a release.
"RCB extends its sincere gratitude to the Government of Karnataka, the Karnataka State Cricket Association and the Karnataka Police for their unwavering guidance, cooperation and support in facilitating the hosting of matches in Bengaluru."
"The collective efforts to ramp up infrastructure and safety measures in time for the IPL season have ensured that the defending champions will play the majority of their home games in their home ground," the franchise added.
The franchise said that the two "home matches" in Raipur will be as "per prior commitment."
RCB CEO Rajesh Menon said the fans deserve to watch their team compete at home.
"The M. Chinnaswamy Stadium is more than just our home ground it is where our identity as a team truly comes alive," he said.
"The energy our fans bring to Bengaluru has always been a driving force for our players, inspiring them through every phase of the game. Our fans have stood by us unconditionally, and they deserve the opportunity to watch their team compete at home."
"After detailed discussions and completing the necessary due process around permissions, we are pleased to confirm that RCB will play five matches in Bengaluru. We sincerely thank the Government of Karnataka, the KSCA, and the Karnataka Police for their support in making this possible," Menon added.
