Thread by @TreasureHunt_TH

On the business front and absolute sales in stores this Qtr, barring Jan/Feb ( Which were normal as per expectation) March so far has seen good growth across segements. March was good due to advanced buying by most of the customers..

We need to worry about rest of March and 1st Qtr of next FY considering the #Corona fear stays till mid of May. How much damage it can cause in terms of supply and damand situation across the country. A well calibareated policies from Govt can change things in a big way.

Major points....

1) Since informal sector contributes 80% of Indias working class. A direct transfer thru #NREGA #Jandhan is need of hour.

2) An income tax waive off for atleast 6 months starting Aprt to to Jun help to stabilize demand and consumption. (2.5 lakh cr deficit)

3) An interest rate cut on an immediate basis to boost liquidity and also reduce regular EMI burden. Suggest 0.75% now and another 0.5% mid of May. This would help the bank to reduce stress on recoveries also.

4) All the Pvt schools should be instructed to charge half the fee..

for 1st Qtr of Fy20-21. Pls give them an aditional input tax credit for the same amount which can be adjusted in 2 yrs in tranches.

5) Pls monitor strong #MSP system on Agro products and fisheries( instead of auction). Make sure procurement and #PDS is monitored by....

Central committee in coordination with State Govts.

6) A tax holiday for tourism and tour related business houses. It would take months for them to recover.

7) No tax for airline companies and associated businesses for 6 months starting from Feb19. One of the most severely hit.

8) Keep the price of Petrol/Diesel at same even if there is a drop in Crude. Ideally the govt should book the entire crude basket for the next One Year or hedge it. At current rate of Crude the Govt can save/earn around $38- $40 per barrel ( Dec vs current rate $63 vs $24)...

Average monthly spent on crude import was 75000cr per month last one year till Dec19. At current saving of 60--65% govt can save approx save 47000cr per month. For a 6 months period this could be 2. 8 lakh cr and for the year it would be 5.6 lakh cr.

Hope all the above can be covered and economy can be defended and brought back to normal with the above...!!

Kindly excuse us for any mistakes in the above and suggestions are also welcome.. 🙏

@narendramodi
@nsitharaman
@PMOIndia @ambareeshbaliga @porinju @dmuthuk @kaul_vivek