We a group of nationalistic professionals have written a letter to Honble PM @narendramodi giving some suggestions to a) tackle urgent distress b) generate demand c) usher in policy changes in view of stress on #IndianEconomy due to #coronavirus
@MRVChennai
@GiridharMamidi
@MRVChennai
@GiridharMamidi
Distress Management
1 Suspend FRBM Act and Prudential Norms for MSMEs for one year
2 Loans to MSMEs without considering external rating requirements
3 Provide credit facilities to returning migrants to set up their ventures train them on their skill development programs
1/n
1 Suspend FRBM Act and Prudential Norms for MSMEs for one year
2 Loans to MSMEs without considering external rating requirements
3 Provide credit facilities to returning migrants to set up their ventures train them on their skill development programs
1/n
Distress management
4 Provide interest free crop loans to farmers (including animal husbandry) having holding up to 5 acres for the current year
5 Involve philanthropists, intermediaries, Self-Help Groups and NGOs for effective last mile delivery of relief measures
2/n
4 Provide interest free crop loans to farmers (including animal husbandry) having holding up to 5 acres for the current year
5 Involve philanthropists, intermediaries, Self-Help Groups and NGOs for effective last mile delivery of relief measures
2/n
Distress management
6 Double Food grain, pulses and edible allocation to BPL card holders till end 2020
7 To extend BPL support to Non-BPL category people who depend on tourism, temples, event management, entertainment and other sectors where restrictions continue
3/n
6 Double Food grain, pulses and edible allocation to BPL card holders till end 2020
7 To extend BPL support to Non-BPL category people who depend on tourism, temples, event management, entertainment and other sectors where restrictions continue
3/n
Distress management
8 Pursue levying anti-dumping and non-tariff barriers on Imports from China.
9 Salaries of all state and central Government, PSUs PSEs, PSBs employees should be reduced by 30% for an initial period ending March 2021, extendable on review in March 2021
4/n
8 Pursue levying anti-dumping and non-tariff barriers on Imports from China.
9 Salaries of all state and central Government, PSUs PSEs, PSBs employees should be reduced by 30% for an initial period ending March 2021, extendable on review in March 2021
4/n
Demand revival measures
1 Revitalise rural n district level medical facilities utilise PPP model 4 quality n speed 4 execution with specific target of doubling hospital infrastructure from current levels within next 3 yrs with special focus on percolating to last mile access
5/n
1 Revitalise rural n district level medical facilities utilise PPP model 4 quality n speed 4 execution with specific target of doubling hospital infrastructure from current levels within next 3 yrs with special focus on percolating to last mile access
5/n
Demand revival measures
1.1 Every Gram Panchayat to have at least a 5 bed hospital with tele-medicine connectivity and access to ambulance services
1.2 Every Taluk to have a 50 bed multi-speciality hospital
6/n
1.1 Every Gram Panchayat to have at least a 5 bed hospital with tele-medicine connectivity and access to ambulance services
1.2 Every Taluk to have a 50 bed multi-speciality hospital
6/n
Demand revival measures
1.3 Every district to have a 100 bed super-speciality hospital attached to a medical training/ college facility
1.4 AIIMS like institution for a cluster of 6-7 districts or 25 lakh population whichever may be appropriate
7/n
1.3 Every district to have a 100 bed super-speciality hospital attached to a medical training/ college facility
1.4 AIIMS like institution for a cluster of 6-7 districts or 25 lakh population whichever may be appropriate
7/n
Demand revival measures
1.5 Special focus to be given for tele-medicine, wellness programs, Preventive health-care, integrated Ayush treatments
8/n
1.5 Special focus to be given for tele-medicine, wellness programs, Preventive health-care, integrated Ayush treatments
8/n
Demand revival measures
2 Repair, restore and rejuvenate water bodies using MNREGA funds.
3 Building storage houses and improve capacity with priority for fruits and vegetables at farm gates for at least an additional 25 MT within the next 12 months
9/n
2 Repair, restore and rejuvenate water bodies using MNREGA funds.
3 Building storage houses and improve capacity with priority for fruits and vegetables at farm gates for at least an additional 25 MT within the next 12 months
9/n
Demand revival measures
4 Front-load already announced infrastructure pipeline projects.
5 River linkage project has to be taken up on war footing and the announcement and inauguration has to be done within the next 4-6 months with a target completion by 2030
10/n
4 Front-load already announced infrastructure pipeline projects.
5 River linkage project has to be taken up on war footing and the announcement and inauguration has to be done within the next 4-6 months with a target completion by 2030
10/n
Demand revival measures
6 Target 400 MT of Food grain production by FY 23-24 including export of 50 MT. These two measures will give great incentive to rural entrepreneurship and employment
11/n
6 Target 400 MT of Food grain production by FY 23-24 including export of 50 MT. These two measures will give great incentive to rural entrepreneurship and employment
11/n
Demand revival measures
7 GST rates should be rationalised with the consent of the State Governments to 8 & 16 percent with no Blocked Credit
8 GST to be extended to Petroleum products and Liquor as well
12/n
7 GST rates should be rationalised with the consent of the State Governments to 8 & 16 percent with no Blocked Credit
8 GST to be extended to Petroleum products and Liquor as well
12/n
Policy level changes
1 Appoint an Expert Group for suggesting appropriate income recognition and asset classification norms relevant to Bharatiya conditions within 3 months and report to be submitted within 12 months of their appointment
13/n
1 Appoint an Expert Group for suggesting appropriate income recognition and asset classification norms relevant to Bharatiya conditions within 3 months and report to be submitted within 12 months of their appointment
13/n
Policy level changes
2 Appoint an Expert Group to examine the role of RBI and suggest scope for improvement as well as further reforms within 3 months. The recommendations to be submitted within 12 months of appointment.
14/n
2 Appoint an Expert Group to examine the role of RBI and suggest scope for improvement as well as further reforms within 3 months. The recommendations to be submitted within 12 months of appointment.
14/n
Policy level changes
3 Re-Examine all policies for supporting Rural Entrepreneurs for ease of raising capital.
4 Make all state and central Government employees send their children to Government schools mandatorily till class X
15/n
3 Re-Examine all policies for supporting Rural Entrepreneurs for ease of raising capital.
4 Make all state and central Government employees send their children to Government schools mandatorily till class X
15/n
Policy level changes
5 Rationalise personal Income-Tax to 2 slabs viz., 10% and 20% with base exemption limit up to Rs 10 Lacs & no deductions and exemptions.
6 Close down at least 20 Ministries and about 100 departments
16/16
5 Rationalise personal Income-Tax to 2 slabs viz., 10% and 20% with base exemption limit up to Rs 10 Lacs & no deductions and exemptions.
6 Close down at least 20 Ministries and about 100 departments
16/16
