The Task Force needs to urgently announce steps to stabilize sentiments and protect both individuals and the economy. Here are some ideas - please add to them and share!
1) Immediate protection to daily wagers and other vulnerable sections. No one should go hungry. (1/n)
1) Immediate protection to daily wagers and other vulnerable sections. No one should go hungry. (1/n)
2)Low oil prices are a bonanza for India and the government. Use this to announce a major stimulus package. Allow the fiscal deficit to slip if needed
3) Lift market sentiments by abolishing capital gains for now.
4) Relax deadlines for tax filings and other compliance (2/n)
3) Lift market sentiments by abolishing capital gains for now.
4) Relax deadlines for tax filings and other compliance (2/n)
5) Start ups are more vulnerable than established companies. Help with short term funding - and definitely fix the capital gains anomaly (LTCG is 28% for startups, 11% for listed companies)
6) Medical insurance for the poor against coronavirus, including lost livelihood (3/n)
6) Medical insurance for the poor against coronavirus, including lost livelihood (3/n)
7)A special Make-in-India package for companies looking to shift their supply lines out of China.
8) Ask India Inc to restart investments by promising a soft-touch wealth creator friendly approach with minimum tax terrorism and regulatory over-reach (4/n)
8) Ask India Inc to restart investments by promising a soft-touch wealth creator friendly approach with minimum tax terrorism and regulatory over-reach (4/n)
Those are just some ideas off the top of my head. I'm sure all of you can suggest even better ideas - so please do add to the list! Speed is of the essence though - we need the announcements asap. (5/5)
