This Corona Virus will wipe them out. And if that happens, our economy is screwed
They will be bankrupt. This is a humanitarian crisis. Govt has to step up quickly.
Stop Trusting them
Transfer them to a consolidated Pandemic Fund of India. Deposit a monthly sum into Jan Dhan Accounts or LPG Subsidy accounts.
3. Freeze GST at 7.5%. And Put every company, from Reliance to Small businesses, under Composition scheme. Eliminate paperwork, three part filing on six A4 Sheets with 12 signatures.
Right now, A lot of capital is going to Auditors who contribute zilch to improving a business.
EXEMPT THEM FROM TAX for 10 years.
5. Finally, Don't trust babus to come up with solutions. They haven't for 70 years and they probably won't for the next 170.
The system is not designed for getting solutions. It's only for paperwork
Otherwise, we will go back economically by 10 years.