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Dear PM @narendramodi @PMOIndia, FM @nsitharaman @ianuragthakur @FinMinIndia, RBI Gov @DasShaktikanta @RBI, @sanjeevsanyal, @amitabhk87 @NITIAayog,
I have following 11 suggestions for the Covid19 Economic Task Force:
1/n
I have following 11 suggestions for the Covid19 Economic Task Force:
1/n
1. PRINT CURRENCY
2. Advance recapitalise all banks as pre-emptive measure. Don& #39;t let them go bad, crash markets and then do recapping
2/n
2. Advance recapitalise all banks as pre-emptive measure. Don& #39;t let them go bad, crash markets and then do recapping
2/n
3. Moratorium of 1 year on all biz loans along with resetting of tenure of repayment & EMIs so that immediate burden does not fall in next year
3/n
3/n
4. Deferment of interest on home loans for 1 year along with resetting of tenure of repayment & EMIs so that immediate burden does not fall in next year
5. One-time bonus on MNREGA registered of 2-5k
4/n
5. One-time bonus on MNREGA registered of 2-5k
4/n
6. Instantly release all GST and Income Tax refunds on self-declaration basis (assessment can follow)
7. Reduce lockin time of tax saving investments to 1 year. This will release a lot of funds at individual level.
8. Remove Capital Gains tax on Stock Market Operations
5/n
7. Reduce lockin time of tax saving investments to 1 year. This will release a lot of funds at individual level.
8. Remove Capital Gains tax on Stock Market Operations
5/n
9. Remove double taxation of already taxed Corporate Profits and distributed in the form Dividends. Don& #39;t tax even in hands of individuals. ITS ALREADY TAXED. Will unlock good amount for both CapEx and individual spending.
6/n
6/n
10. Enhanced deduction (1.25x or 1.5x say) of employee costs for additional employees added for 3 years (1 year makes no sense).
7/n
7/n
11. Enhanced deduction (1.25x say) of interest on biz loans servicedfor 3 years (1 year makes no sense). This will help banks hugely and also incentivise biz units to work hard and service interest.
8/8
8/8
This one is much needed to help real estate sector.
Let people pay principal which is very important blood life line for builders/developers.
Banks can reset EMIs and tenure with moratorium on interest payment of home loan customers keeping NPV positive. https://twitter.com/ajayrdave/status/1245939130556534785?s=19">https://twitter.com/ajayrdave...
Let people pay principal which is very important blood life line for builders/developers.
Banks can reset EMIs and tenure with moratorium on interest payment of home loan customers keeping NPV positive. https://twitter.com/ajayrdave/status/1245939130556534785?s=19">https://twitter.com/ajayrdave...
@bibekdebroy pls check this thread.. I have following 11 point suggestions for Covid19 Economic Task Force https://twitter.com/ajayrdave/status/1245939122612482049?s=19">https://twitter.com/ajayrdave...
