: What do Indians want from the Budget? A ‘Covid surcharge’ on those who profited from the pandemic #IndiaNEWS India wants its rich to give back.A new survey of more than 3,200 people in 24 states

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What do Indians want from the Budget? A ‘Covid surcharge’ on those who profited from the pandemic #IndiaNEWS
India wants its rich to give back.A new survey of more than 3,200 people in 24 states finds that more than 80% of Indians support a “Covid surcharge� on those earning more than Rs 2 crore per year. An even larger share wants the government to impose a temporary tax on companies that raked in record profits during the pandemic, the survey by Fight Inequality Alliance India shows.“The stark inequalities exacerbated by Covid-19 have started a global wave of protests to make the rich pay their fair share,� said Anjela Taneja, lead at Fight Inequality Alliance India. “The government of India can listen to the people and make provisions for social security, health and well-being through the Budget.�Finance Minister Nirmala Sitharaman will present the 2022-’23 national Budget on February 1.Rich got richerThe pandemic created disparate worlds for India’s richest and poorest.Between March 2020 and November 2021, the wealth of the Indian billionaire class increased from 4.97 billion to 9 billion. India’s richest man, Mukesh Ambani, kept getting richer and by October 2021 became the first Indian to amass a fortune exceeding 0 billion. Other business moguls like the Adani brothers more than tripled their wealth.The irony of magnates and their companies minting money while workers were left grasping at straws during the initial lockdowns...Read more

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