FW: ATTN : SHRI NARENDRABHAI MODIJI / SMT SITHARAMANJI

 Titu,

 

I think this email ID is part of NITI email group  . Pl remove – then reply to Mr Sinha saying, we have removed his email ID from our mailing list. Say :  We regret inconvenience caused

 

hcp

 

From: Siddharth Sinha [mailto:siddharth.sinha@nic.in]
Sent: Friday, October 16, 2020 11:28 AM
To: hcp@recruitguru.com
Subject: Re: ATTN : SHRI NARENDRABHAI MODIJI / SMT SITHARAMANJI

 

Please do not send any spam emails on my ID.

 

Sent from my iPhone

Le 16 oct. 2020 à 11:07 AM, hcp@recruitguru.com a écrit :



Too Little ? Too Late ?


How to revive ECONOMY with minimum risk to lives lost to COVID ?

Govt Response :

Economy Stimulus Packages ( Rs 21 lakh*cr + Rs 73K Cr )

( Less than our 4 day's GDP @ Rs 56K crore / day )

Here is what is needed - and fast - without getting paralyzed by too much analysis ( IF / THEN )

I urge Smt Sitharamanji to consider my suggestions



Too Little ? Too Late ?

https://lnkd.in/eWjikm4

 

 

Too Little ?  Too Late  ?

 

 

Context :

 

Wage relief for those who lost jobs in lockdown  /  Oct 6  /  TOI

Extract :

Ø  Employees’ State Insurance Corporation-registered workers who have lost their jobs during the lockdown can claim 50 % of their wages for up to 3 months as UNEMPLOYMENT RELIEF even if they have resumed work

 

Ø  The benefit can also be availed by ESIC members who may lose jobs in December

=======================================================================

 

On 08 April 2020 , I sent following E Mail to our Policy Makers :

 

Economy : The Way Back 

Extract :

 

While such a GRADUAL SHIFT takes place over a period of next 12 weeks , here is what Government should do to make this SLOW TRANSITION, as painless as possible :

 

       Ø    For 2020 – 21 , only 50 % of the Personal Income to be taxed for individual tax payers

            {  Revenue loss =  Rs  3 lakh*Crore }

 

https://www.indiatoday.in/business/budget-2020/story/govt-stares-at-tax-shortfall-of-rs-2-lakh-crore-room-for-personal-income-tax-relief-limited-1640397-2020-01-27

 

      Ø    For Corporate, 25 % of salaries/wages paid during July – Aug – Sept , to be borne by Govt

 

           Only to those Corporate, which implement by end-May, Mobile based Attendance System as described

           at :

          From BAD to MAD                   [ 01 June 2016 ]

          MAD goes to Mandi                  [ 02 Jan 2020  ]

 

 

 

    Ø    Amounts of donations made to PM-CARES fund to be treated towards CSR obligations with provision for

  

          carry forward any excess amount

 

 

    Ø    No GST for goods sold during July – Aug – Sept ( assuming production will reach normal level by June

          end ) {  Revenue loss =  Rs 3 lakh*Crore }

 

 

 

    Ø  Since above-mentioned benefits will drain the government exchequer, leaving very little funds for

        planned Infrastructure, I strongly urge the Government to issue  ELEPHANT BONDS , with modifications

        as described at :

              Congratulations, Shri Surjit Bhallaji,            [ 31 Oct 2019 ]

 

Only yesterday, EU countries have started debating issue of CORONA BONDS to help out the countries worst affected by this crisis ( viz: Italy – Spain – UK – France )

 

 

QUESTION :

 

As far as India is concerned, the Government is faced with a “ Trade-Off “ between :

   
     #   Saving lives through a gradual / phased out lifting of lockdown,  

     

    AND

   

     #  Getting back to NORMAL economic activities , as fast as possible , with minimum   hardship to citizen

 

 

QUO VADIS ?  Which way should we take ?

 

I hope, following diagram will help our Policy Makers to quantify the PROS and CONS of each of their alternatives

 

=========================================================

<image001.jpg>

 

====================================================================

 

With regards,

 

Hemen Parekh  /  hcp@RecruitGuru.com  /  16 Oct 2020