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 :
Extract :
Ø
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
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
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
Ø No GST for goods sold during July – Aug – Sept ( assuming production
will reach normal level by June
Ø Since above-mentioned benefits will drain the government exchequer,
leaving very
little funds for
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
=================================================
=================================================
With regards,
Hemen Parekh
/
hcp@RecruitGuru.com / 16 Oct
2020
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