Many corporates, who are asking Govt to pay for salary because @narendramodi is suggesting no lay offs, did they increase the salaries when govt announced huge corporate tax cuts last year??? Yes economy needs stimulus and liquidity for revival, but don't understand this tantrum
The biggest gap today is that banks are not passing on the liquidity stimulus to SMEs despite @RBI announcement... The SMEs need it the most, but they don't fall in lending criteria of banks... RBI needs to get down heavily on banks
The other gap is the tax refund - TDS as well as GST. I have repeatedly maintained that with corp tax at 25pc, 10pc TDS means govt is assuming pre tax margins at 40pc. For service industry, TDS has to be down to 4-5pc @nsitharaman
The third gap is the fund of fund created by Finance Ministry for startups. Most of the money is blown away by VC funds in heavily loss making and low capex startups.. rather create SME fund for brick and mortar businesses that create more employment
Dear @nsitharaman the stimulus should be linked to employment generation. More the people you recruit more the benefits you get. That is the most effective way of broadbasing the economic benefits and not restricting benefits to few profit making companies
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