[AMG Power]

A lady takes on a lady:

Prof Jayati Ghosh is the Chairperson for the Centre for Economic Studies and Planning at Jawaharlal Nehru University, New Delhi.

She says she was embarrassed – and not just disappointed – by the measures announced by the Finance Minister on Thursday to tackle the plight of migrant workers. According to her the govt just doesn’t care what happens to the hundreds of millions who’ve lost their livelihood and face destitution and starvation.

https://m.youtube.com/watch?v=J3-9HuDxQfs&feature=share

[msdivy]

Originally Posted by Nav-i-gator

Reducing taxes on purchases, reducing interest rates on loans etc will help in increasing demand. Demand triggers supply, supply triggers manufacturing and related industries, and that triggers employment of labor class. And govt earns more even by reducing the tax rates.

Quite true. By imposing lockdown, Govt had artificially ensured the demand is zero (except for essentials like food, medicine). When the lockdown 1.0 was announced, in these forums we had discussed how Govt shouldn't botch up demand and must build confidence among consumer & business by offering a safe environment for operation.

What is expected:
1) Safe guidelines on how businesses can operate after lockdown, in this time of the pandemic.

2) A basic wage for those affected to sustain themselves during lockdown.

3) Abolish all tax, rent, premium the period during the lockdown.

This must have beeen announced on day 1 or day 2 of lockdown.

[alpha1]

Originally Posted by msdivy

Quite true. By imposing lockdown, Govt had artificially ensured the demand is zero (except for essentials like food, medicine). When the lockdown 1.0 was announced, in these forums we had discussed how Govt shouldn't botch up demand and must build confidence among consumer & business by offering a safe environment for operation.

What is expected:
1) Safe guidelines on how businesses can operate after lockdown, in this time of the pandemic.

2) A basic wage for those affected to sustain themselves during lockdown.

3) Abolish all tax, rent, premium the period during the lockdown.

This must have beeen announced on day 1 or day 2 of lockdown.

Incidentally I was suggesting something similar https://www.team-bhp.com/forum/shift...ml#post4777583 (Covid-19: Public, private companies told not to cut salaries or lay off staff)
Some kind of financial rule imposition that the days in Lock1-3 not to be charged.

However that may not work because there were some essential services/business being conducted. And those people will ask for their share of money for the work rendered. Like utilities, food stuff, transport.
And once you give a window for concession, all human beings in their self interest will try to receive such concession and charge everyone else - resulting in another kind of chaos.

[Thermodynamics]

Back to the topic, if you think MSMEs will be doing excellent, here is the next blow to MSMEs in making

[ContessMan]

Originally Posted by Thermodynamics

Back to the topic, if you think MSMEs will be doing excellent, here is the next blow to MSMEs in making

This reminds me of the movie Lagaan, where the villagers, 'the gao waalon' have to shell out more lagaan in the face of a terrible famine.

[Amey Kulkarni]

Originally Posted by Amey Kulkarni

The stimulus package is for the government I believe and not the civilians. 2% of the basic + tax now and the other depending on the employer anyhow goes to 80C

Got my salary credited. All 4% PF credited with applicable taxes.

2% - Employee contribution
2% - Employer contribution

Cheers
Amey