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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't let them go bad, crash markets and then do recapping
2/n
2. Advance recapitalise all banks as pre-emptive measure. Don'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'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
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
@bibekdebroy pls check this thread.. I have following 11 point suggestions for Covid19 Economic Task Force https://twitter.com/ajayrdave/status/1245939122612482049?s=19
