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
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