Economic Impact of COVID-19: Issues Faced and Actions Needed

COVID-19 is having a major impact on everyone's lives. As citizens, people are sleeping less, there is anxiety and in some cases panic. When it comes to business owners and CEOs, the situation is no different. New directions are coming every day,making things quite uncertain, esp at this time of the year when businesses are busy trying to achieve targets.

With this post, we seek your inputs on what are you faced with in your business and at this junction, what specific actions can be taken by the Government in the very short term, that will provide the necessary relief and help you sustain your business.

We look forward to your inputs! more  

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View all 105 comments Below 105 comments
Till now telecom sector was worse performing but tourism, hospitality, real estate, automobile will also be in same category. One month, no factory, organisation working, losses will be collosal. more  
Travel and Tourism industry is perhaps one of the top ones to be hardest hit. due to the multiplier effect of every rupee spent while indulging in travel and tourism, and now that it has come to a complete halt, many lives and businessess are under a lot of trauma. govt. should work out an economic relief package, tax holiday, and suspension of the proposed TCS as it would make the industry non competitive with respect to the foreign players, and also increase the burden of compliance on the industry. more  
..... Actually Nothing really!!!!!!
Coz digital mode is quite an established option.
If at all anything is done adhoc, let not security of people's moneys be compromised!!

When the order of priority for the king & the pauper is as below, only a radical shift in the mindset needs to happen!! 😺

Live first!
Ride the intense part of the pandemic wave (2-weeks) living just normally!
Pick up things after couple weeks & build up whatever is lost (well actually seemingly lost please......!) Nature and the planet also have their cycles and in the expanded view of things everything is just an experience!!!
If 9/11 caused a financial bungle in couple minutes, corona thingy has its own style of doing it!! 😸 more  
Govt needs to ensure that bank FDs in PSBs are able to provide atleast Rs 50k per month as interest on invested amounts. Only because of the low FD rates are investors forced to opt for risky avenues and look at the bloodbath in the stock markets-all returns wiped out. If economic safety is there, people would not have to search for greener pastures elsewhere in other countries and investors would not have to invest in other high risk avenues to generate returns. more  
A LESSON TO LIFE NEEDS: It should be a lesson to decide price of items. A MONEY IN BANK IS NOT ASSET,IT IS LIABILITY. SO,PRICE OF SHARE IS NOT PROFIT, IT IS LIFE IF YOU WILL SURVIVE TO ENJOY MONEY. SO,SHARE SHOULD BE AS EMERGENGY HELP ,ASSURED IN TIME, AVAILABLE AT YOUR DOO3S, AND GOVERENED BY NO-PROFIT GOVT. SO,BE SELF INVESTING COMMUNITY SERVICE PROVIDER IF CAN SAVE TO INVEST IN PLCA OF MNCs,they run away in needs,not run to serve you. more  
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