CITING LOSSES, CABINET SEEKS RELIEF FROM CENTRE

CHANDIGARH:CITING huge revenue losses suffered by the state government on account of the Covid-19 pandemic and the resultant lockdown, the Punjab cabinet on Tuesday sought adequate compensation from the Centre to support the state in these difficult times. During a review of the fiscal situation amid the pandemic, the cabinet said the situation was grave, considering the decline in revenue collections over the first quarter of the financial year 2020-21 and the estimated losses for the full current financial year.