The only way to revive economy is to increase consumption. Money should go to people so they can spend. Till the time buying does not happen, economy can not grow.
Proactive measures should be taken for ease of doing business. Too much mistrust and compliances. With every buying selling recorded in GST portal, government has complete balance sheet anyways. AI softwares can detect malpractices.
It takes me 1 min to crack leakage looking at my monthly MIS. And that too manually. Will never be difficult for govt. with software support. Let entrepreneurs spend time constructively and not doing non pro ductile filings.
And spend heavily , I mean, HEAVILY on Infrastructure. That will get employment to huge population and will drive the economy for years. That’s how China also started. Bad infra has increased cost of production
Recent example- I have material ready for a customer in Europe and am unable to send as airfreight is 4 times expensive now and sea will take 4-5 weeks. Customer purchased from China because they have rail route to Europe and can make material available in a week
And to clarify yesterday’s point 1 for loans to MSME who think that will benefit
• It’s a loan
• Loan is a loan
• Moratorium of 1 year doesn’t mean interest waiver
• It means Interest shall be paid but principal repayment begins from 2nd year
• Rates still not clear
• It’s a loan
• Loan is a loan
• Moratorium of 1 year doesn’t mean interest waiver
• It means Interest shall be paid but principal repayment begins from 2nd year
• Rates still not clear
• Additional loan is ONLY 20% of outstanding on 29.02.2020
• Loan doesn’t mean automatic growth. It can add to over-loading, over leverage
• It’s a Loan, not Support
• Only people who see productive growth should avail.
• Loan doesn’t mean automatic growth. It can add to over-loading, over leverage
• It’s a Loan, not Support
• Only people who see productive growth should avail.
• There are existing liabilities that have added & piled up- Interest, Instalment, GST, Fixed Charges, Wages, Salary, Rent, ESI, PF, for March, April and May.
All to be paid by June
• No revenue generated for almost 2 months. Recovery is still far
All to be paid by June
• No revenue generated for almost 2 months. Recovery is still far
• It is ‘Collateral-free’ because banks already have your collaterals
Plus Your Personal Guarantees
Personal guarantee is mortgage of your dependants future
• The world of business runs only on objective performance. More loans is not growth.
Plus Your Personal Guarantees
Personal guarantee is mortgage of your dependants future
• The world of business runs only on objective performance. More loans is not growth.
