Need for urgent economic package

Big economic package, now all the more urgent and necessary. Immediate disbursal of pending psu and govt payments to startups smes and corporates.

Across--the-board suspension of NPA SMA loan recognition. Moratorium on all loan repayments, upto a certain income level, if you want.

Across--the-board aid to startups and major industries, direct cash transfers to large sections of population. Time to forget the fiscal deficit. Jobs, survivial and economic growth, only priority. more  

Sorry to note that even some educated people had failed to gaze and gauge the virulence of this global crisis. The metaphor of firing a cannon to kill a mosquito is ridiculous, which should have been modified to attempt to drown a warship by throwing peebles. At the time of writing this comment, death toll of India is 41 (one of the lowest in the world, although global rank is 2nd by no. of populations), global death 45,498. It is regretted (I'm a bitter critique of Govt. working) that although the Govt. of India and State Govts. are doing enough, appealing enough, helping enough - but we people are trying to make a mockery of this catastrophe. more  
Dr Deepakji, I think you are grossly mistaken in assessing the reality - I am with the Government. Saving lives is more important at present though it has economic costs more  
The Government has unilaterally taken the decision of firing a canon to kill a fly and closing the entire country, all industries (the exempted industries are not able to get any man-power in the present climate of intense fear).

With 512 active cases and 9 deaths in pro-morbid cases on day near 90 of Covid-19 gives enough confidence of the non-culpability of this SARS-CoV-2. We have had experience of SARS in 2002, MERS in 2012, EBOLA in 2014. This Covid-19 has been very fatal and morbid in European and America, most likely due to their demographic reasons and reduced immunity.

We have large number of similar and other microbes active and more fatal than the present or the future of Covid-19 capacity. Comparative Epidemiology of SARS, SARS-Cov-2, MERS-CoV, and influenza virus of pH1N1: Cumulated attack rate (CAA): SARS-Cov-2: 0.11, influenza virus of pH1N1: 5.5; R0 ratio : SARS: 3, SARS-Cov-2: 2.2; Case fatality ratio: SARS-Cov-2 : Less than 4%, SARS: 10%, MERS-CoV: 37%.

The history reveals that diseases troubling the whites and westerners and now Chinese (Rich country) gets undue attention, media coverage, WHO and world action and we get drawn in that wave. The rapid development of social media, globalization, reactions and over-reactions have added fire to the fuel.

China is back to business with the entire world closed. With its synchronized industries, it has all the opportunities to not only regain the lost business but to gain complete monopoly.

With many segments like hospitality and aviation on the death bed, closing the rest of the industry and economy for a future catastrophe puts the onus of extending a universal financial life support to all citizen to survive to live - the purported purpose of country's lock down is on the Government. more  
Dear Client,

In the current Pandemic situation we continue to monitor Corona virus (COVID-19) developments closely. The health and well-being of our associates, clients, and our employees is of utmost importance to us. As a partner to your business, we also expect that the current situation may have an impact of some delay in our services. We are taking necessary measures for the safety of our staff including encouraging work from home, rotation of Workload and functions and other measures.

In view of the Current Situation and the guidelines issued in this regard, KMC Offices will be Partially Operational as most Staff will be working from Home.

We are keenly focused on our preparedness efforts to maintain a safe work environment and to continue providing uninterrupted services to you. However it is possible that the current situation may result in some delay in our replies and responses. We sincerely regret the inconvenience caused to you.

We value the trust that you have placed with us and request your support and understanding in this regards.

We sincerely advise you to keep calm and not to panic and take necessary precautions as advised by the Government. Together we will pass over this difficult times. Stay Safe

Thank you for your understanding !



Regards,

Sameer/ Arpan

------------------------------------------------------------------------------------------------------- KIRAN MEHTA & CO.
Chartered Accountants
Office No: 11,12 & 13, 2nd Floor
Medows House, Medows Street,
Flora Fountain,
Mumbai 400 001, India

Direct : 91-22-67495277
Board Lines : 91-22-67495263 -77
Fax : 91-22-22641135
Email : sameer@kiranmehtaca.com
Skype : sameer50

------------------------------------------------------------------------------------------------------- more  
Post a Comment

Related Posts

    • Word of caution to Indian small entrepreneurs

      Friends this is Aditya from New Jersey. A friend of mine from Brazil recently lost 3 members of his family back home to Covid. The P1 variant is most dangerous of all and is now invading neighbors ...

      By Aditya Sharma
      /
    • simplifying procedures for easy business

      none of the administrators who are lucky to get into govt seats have practical field experience and they are not aware of the strains of small entrepreneurs. They always imagine that any entrepren...

      By Subramanian Venkataraman
      /
    • Some Traders evading gst

      I agree with the other post. Traders have a strike today against GST. Many traders basically are still selling supplies in cash and then sell the bill later to some other entity for a pr...

      By SN Mittal
      /
    • Traders and their strike

      The traders of India are simply fooling the world and doing a strike on GST. I am sorry to say but 80% of even medium size traders jump on every opportunity to do buisness without receipt with comm...

      By Shikha Chhabra
      /
    • Reduce corruption and help closed units to revive

      Ministry of Corporate should fix the amount of revival of strike off company name by charging them penalty only of Rs 100,000 and revive company name ,no other declaration or form filing

      By Surendra Kapoor
      /
    • Startups like Hike Cred are gas balloons

      Guys I just fail to understand the venture capital ecosystem of India. Of course there are some gems and diamonds but i think there is a lot of gas balloons they blow with God knows whose money.

      By Shikha Chhabra
      /
    • How Startups can create value for vendors - case study

      With Facebook launching 17 years ago today, here's a good story: In 2005, Facebook offered graffiti artist David Choe $60,000 to paint their Palo Alto office. See attached. Ra...

      By Vishal Khanna
      /
    • Internet Shutdowns cost businesses and digital India

      See attached restaurants putting notices that they wont be able to accept digital payments because internet is down. There has to be a different solution to this than to disable everyone...

      By Vishal Khanna
      /
    • Abetment to suicide is bullshit

      Arnab Goswami is a lot of wrong when it comes to his so called journalism and harassing people. However booking of him by Maharashtra Govt for abetment of suicide is wrong and plain bullshit. SA Iy...

      By Vishal Khanna
      /
    • Rules being changed for digital news

      Cant understand how this can be good. Govt wants any digital news site having more than 26% foreign investment to bring the foreigners stake to 26% by selling to someone who is Indian entity. Restr...

      By Vishal Khanna
      /
    • 21 millions jobs lost this year already

      India had 86 million salaried jobs last year end of August and this number is now 65 million at the end of august (see attached) What Plan does Govt have to create jobs? The LocalCircles...

      By Shikha Chhabra
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)