India is a big country with millions of small business, who run on daily cash cycles. Not only do they give employment to the majority of the people, they also ensure the system keeps running.
This Corona Virus will wipe them out. And if that happens, our economy is screwed
This Corona Virus will wipe them out. And if that happens, our economy is screwed
In addition to that, the millions engaged in uroganzied sectors such as hospitality and tourism, contract labour, people working as maids, security guards etc.
They will be bankrupt. This is a humanitarian crisis. Govt has to step up quickly.
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They will be bankrupt. This is a humanitarian crisis. Govt has to step up quickly.
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1. Stop with the Inter departmental enquiry with broad frames of reference with a retired Supreme Court judge submitting the report after 5 years and 36 extensions. Don't get into it. Your babus have never run a business and will never be able to Run one.
Stop Trusting them
Stop Trusting them
2. According to CAG some 2.18 Lakh Crore of Cess was unspent. Appoint a team of auditors, dredge all statement of accounts, dig out all unused funds.
Transfer them to a consolidated Pandemic Fund of India. Deposit a monthly sum into Jan Dhan Accounts or LPG Subsidy accounts.
Transfer them to a consolidated Pandemic Fund of India. Deposit a monthly sum into Jan Dhan Accounts or LPG Subsidy accounts.
I know some middle glass undeserving people will get it. But it's all about greater good here.
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.
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.
People will have more money to spend. Businesses will have more liquidity to invest in expansion of business. They will employ more people and increase their turnovers
Right now, A lot of capital is going to Auditors who contribute zilch to improving a business.
Right now, A lot of capital is going to Auditors who contribute zilch to improving a business.
4. Stop worrying about Fiscal Deficit and Debt and shit. We have some 500 Billion in Forex. Use that to Strengthen the Rupee. Identify heavy labour oriented sectors like Textiles, Electronics, AUTOMOBILES, Chemicals etc etc
EXEMPT THEM FROM TAX for 10 years.
EXEMPT THEM FROM TAX for 10 years.
China has screwed up badly, this is our only chance to catch up on lost ground.
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
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
You were decisive in Janta Curfew, Closing borders. Be decisive with this.
Otherwise, we will go back economically by 10 years.
Otherwise, we will go back economically by 10 years.
