Paying for the business losses

Almost every business and service has been asking for reliefs for their losses during the lockdown . own the line, as they restart their work, they will have to bear the cost of implementing the new security restrictions. Ultimately it will be the end user/customer of the product or service who will be compensating them for their losses and probably more profits. This is how it might happen:
Manufactures will increase their prices, especially the FMCG and other products which they know that consumers commonly buy. And retail prices will also increase. So, the customer will have no choice but to pay the increased amount or else do without the product.
Same for Services, like maintenance, health, hotels, education travel etc.
We have already started seeing this. In Bangalore, long distance private bus operators have jacked up their prices by 3 to 4 times the normal. The state road transport corporation has given their buses to private bus operators on hire, instead of running it themselves at normal fares. So, both the state corporation and the private bus operators are winners. Those who want to travel, especially the migrant laborers either have decided not to go or have taken loans to pay the bus charges.
Then, our pest control person, who used to charge Rs. 1000 for a visit, is now charging Rs. 4000.
Government services will follow suit.
So, consumers beware. more  

View all 16 comments Below 16 comments
Most of the business runs on "Supply and Demand" principle.The Charges are based on that.Normally no businessman will like to do the business with loses unless he is forced to do it.Or may find some sense in getting rid of existing inventory and buy new inventory.So that he can improve sale/profit.Most of the businessman makes optimum use of such circumstances.Even what was not liked by public all these years is also being sold in the name of Lockdown. more  
I agree that we should buy only the necessities but what if those items are being priced way above the MRP. What do we do then. We have to eat basic food, buy soap, washing powder, oil, etc. and if these are going to cost dearer then what will the common man do. The government has failed in its attempts to contain the virus. Mumbai and Pune should have sprayed all places with the hydrocholorine solutions and the migrant population should have been allowed to go home in the first place not after 40 days! There should have been no slums, but the government allowed it and now we the common people have to suffer. more  
Can it be avoided in toto - A big NO. Kindly go the advise given by Om Bhadada that everyone has to change to be low profile and aspire only for the necessities at least in short term as hopefully many new entrants and industries in luxury items shall jump to produce essential items leading to meet the supply gap and things should be normal in mid term. more  
Who is going to monitor these malpractices? Moreover who cares of same? Even Govt owned railway has started taking premium long before in the shape of premium and tatkal.
During festival season everyone is charged by twice or thrice more than normal days for going one place to other.
Airlines charges are not hidden to anyone. Which authority is caring till date; hence no one is going to do so even now.
In present situation MSME - a low profit earning, self employed or most job creating sector - has to pay full salary, interest and power bills when they were have no earning, now why not they try to compensate their earnings? more  
Old habits die hard but the kind of "Ghyan" available on Whatsapp, if implemented even 5% of it, whole economy and life shall change. Only thing, first everyone has to change to be low profile and aspire only for the necessities at least in short term as hopefully many new entrants and industries in luxury items shall jump to produce essential items leading to meet the supply gap and things should be normal in mid term. more  
Post a Comment

Related Posts

    • Incompetence of Urban company

      I have a similar experience with urban company. The AC which was running well, after servicing was cooling less. The technicians who came to do the job were more interested in recharging gas. They ...

      By Suresh Gopinathan
      /
    • Urban Company AC Service Provider uses Spurious Parts, Urban Company not resolving the issue

      We got AC repaired thru Urban Company @urbancompany, The Service provider used Spurious parts and charged us for the originals. Complaint to Urban Company not resulting into a resolution. Urban Com...

      By Hardeep Singh Arora
      /
    • Flipkart fooling and looting customers

      Booked the order with Flipkart on 24th March 2020 for Product - Realme C3 mobile phone. The last product location updated was for Bhivandi location on 5th May 2020 and there was no status change ti...

      By Ubaid Khan
      /
    • Flight refund

      I had an expereince on flight refund in the last month. Airindia express not operated flight (till now not operated) and they deducted a huge amount. The ticket was purchas...

      By Subair Mecherikkal
      /
    • Medlife nevligence

      Online companies, like Medlife which supply allopathic, Ayurvedic and other medicines , have no system to directly communicate with client.assure till last moment, and ship order by writing out of ...

      By Satyapal Singh
      /
    • TIMES OF INDIA SUBSCRIPTION

      Paid six month online subscription amount directly to TImes publication thru web in first week of March 2020, Till today neither the paper is delivered nor amount refunded Just imagine the Re...

      By Anil Jashnani
      /
    • Is Consumer Affairs serious about misleading ads

      LocalCircles see attached. Is the Ministry of Consumer Affairs paying attention to your/our submission to bring about a law or is it not a priority. Heavy penalties are important if misleading ads ...

      By Sneha Goyal
      /
    • Fraud delivery of wrong product by FLIPKART and negligent reply for replacement/refund by Flipkart

      I had ordered apple watch series 5(GPS+cellular) on June 19th and did the payment of ₹65965/- through debit card and on june 26th I received the delivery of the order.But the issue here is the one ...

      By Varsha G
      /
    • See how ads mislead us

      Very good report localcircles in misleading advertisements. Many brands even big ones are misleading consumers and the Govt is a mute spectator. Everyone pls go through this report and keep ur eyes...

      By Sarita Ravichandran
      /
    • Prices of petroleum products

      Past few days a new phenomenon has come up regarding pricing of petroleum products Irrespective of variation in crude oil prices there is an increase in diesel and petroleum prices andGOI is silent...

      By Manakchand Agrawal
      /
    • Drug and magic remedies act

      Attached is the drug and magic remedies act. Where sadhu and yogi babas, acharyas and some even large corporates make misleading claims and give misleading ads fooling public while the self ...

      By Ashima Gupta
      /
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.)