The Reserve Bank of India recently announced a dividend transfer of nearly Rs 2.87 lakh crore to the Central government. Cheema said the RBI dividend share demand fits the spirit of cooperative federalism. He added that states also need stronger financial support.

Cheema warned that frequent use of RBI reserves could affect the central bank’s long-term strength. He said India needs a financially stable RBI to handle future economic challenges.

The Punjab minister also said states play a major role in India’s growth. He urged the Centre to share extraordinary financial gains fairly with every state.

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He questioned the Union Government’s priorities. While relief material reached Afghanistan quickly, Punjab still waits for adequate support. “If we can help people abroad, why hesitate to help our own citizens?” he asked. Cheema demanded immediate release of relief packages, infrastructure aid, and rehabilitation support.

The minister also appealed to the public to donate to the Chief Minister’s Relief Fund. He promised complete transparency, assuring that every rupee will reach flood victims directly.

On GST, Cheema welcomed rate cuts, noting that AAP had demanded them earlier. He pointed out, however, that states continue to face unstable economies. Lower GST rates, he said, will further strain their revenues. Cheema urged the Centre to continue GST compensation as promised.

He concluded that Punjab needs both GST support and emergency relief. Without it, the state’s economy and flood-hit citizens will continue to suffer.

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