Post Lock down Action

Corona seems a Bye-Bye. A Great Relief. Indian immunity and Prime Minister’s Unity of Command played a major role.

A New world order is to unfold- New villains; new Heroes ; New opportunities and new challenges would make the game exciting.

Gained: A 40-odd day lockdown recharged India’s soul. India got ample time to think within; self-dependence on house-hold work increased; Old serials helped pass on cultural legacy to millennial; Cleanliness, Personal hygiene, Yoga, Ayurveda, Digital payment; Online activities got prominence. India is roaring to unshackle itself from 3rd May.

Loss, if Any : 40-Days of India’s Productive contribution to GDP affected .In Numerical terms- Its around 120 Billion USD. We gained-40 Billion USD out of savings in crude ; 20 B USD is the reduction in Trade deficit. Net Affected= 60 Billion USD

Approx Gold Reserve with Indian Household =30000 Tonnes-an unofficial figure). The Price escalated from 30K per 10 gm to 45K per 10 gm. The Total appreciation that took place in India’s household Gold = ( 30k x 1000 x 15 L) = 600 Billion USD ( A mind boggling figure).Giving a gap-stimulus of a 60 Billion USD (a small amount from that standard) is not a big issue for Government of India. ( Gold monetization drive by a stable and strong Government should be done on a serious note. Existing “E-Gold scheme with 2.5% extra return apart from appreciation of Gold Prices” should be promoted in full throttle).

How to do this fiscal stimulus? –

· A zero-GST and Zero Income Tax Enterprise for upto a certain turnover and for a certain period ( say for 3 yrs) on loan interest rate of 4-5% per annum be introduced.

· Agricultural land lease to be allowed; Electricity rates to be reduced ; Contract enforcement to be strengthened; Cheque bounce case disposal timeline be reduced to 4 months with enough further deterrents like -surrender of PAN, DBT benefits; suspension of Ayushmaan facilities etc.

· P M Sahab ! Deepak Parekh; Aditya Puri; Nandan Nilekani etc be made the Central Think-Tank -cum-Executive Body. If Raghuram Agrees; he be just made the Finance Minister. With high energy, sharp intellect and precise guts ,He may prove your Yogi Aditya Nath of Finance sector.

( Just a day before, Indian Revenue Service(IRS) have given a proposal to Govt of –

· Introducing COVID cess;

· Higher income tax provisions for Individuals;

· a surcharge for Super rich etc.

Just wanted to give a figure :As per a study by Nomura Group on 56 companies shifting production out of China, only 03 relocated to India while 26 went to Vietnam, 11 to Taiwan & 08 to Thailand).

Hope we have got the answer. This is wonderful showcasing of Ease of doing Business .

The Drama of USA ,China and International currency is yet to start which would be thrilling to watch ; Smartly, India should play on the fence for its maximum gain .It should not make a mistake of siding with any International political Group.