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 17 comments Below 17 comments
Business means making profit by whatever means possible. Who pays? Customer have to pay. Nothing new. more  
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  
Post a Comment

Related Posts

    • The COVID black marketing is rampant

      Oximeter for 3K Lemon for Rs 150/Kilo Coconut water for Rs 100 Oxygen Cylinder for 60K Remdesivir injection for 45K 36K to bring dead body from Panipat to Faridabad. ...

      By Aditi Gupta
    • Misleading ads Rampant still

      Madam Sharma is absolutely correct.Such advts. are indeed misleading the public and should be removed. What is more leading companies also release such messages. I was amused by the advertisement o...

      By Krishnan Venkatachalam
    • Misleading Ads Rampant still

      Now no need for Covid vaccine! “Proven to catch & Kill the virus that causes Covid 19(99.999%) in a single pass”. Is it scientifically proven! If not, HOW CAN SUCH MISLEADING ADVER...

      By Garima Sharma
    • Total Black Marketing Everywhere

      Everyone please vote on these polls below and share the link with all your contacts. Its just matter of time before it hits your family and friends if it hasnt already. See attached also

      By Shailesh Deshmukh
    • Oxygen Concentrator buying - Consumer info

      1. Ensure the concentrator has high flow rate. 10L is great. 2. Buy the '90%±3%' concentration output, NOT '30-90±3%'. Very very important. 3. Do NOT buy Dedakj ...

      By Sarita Ravichandran
    • Fake Remdesivir- how to identify

      Share post link in comments with maximum possible in all your whatsapp groups. We need to defeat these crooks. Its life and death for many impacted.

      By Anshu Saxena
    • Food delivery services - the costly cost to customer

      A good restaurant near my house: 2 idlis - ₹ 20 Zomato/swiggy (from the same restaurant): 2 idlis ₹36 Deliver charges ₹32 Packing ₹10 Taxes. ₹ 4 Total: ₹82. In ...

      By Padmanabhan G
    • Loot on vaccine via private hospitals

      So, after all the claims vaccinations for those between 18 and 45 years are limited to private hospitals. So, Rs 1200/person if Covishield and Rs 2400/person if Covaxin. You can be sure that even a...

      By Ruchika L Maheshwari
    • Act and share and get govt to Cap price ot CT scan

      Lot of people are having to get a CT scan because some strains of covid arent being detected with RTPCR. Lot of loot is happening in different parts of Indiai Seeing this HRCT/CT scan pr...

      By Seema Belkur
    • Beware those looking for Remdesivir

      Some crooks are posting pics of life saving medicines including Remdesivir on social media and taking orders with advance payment. In desperation some people send money but the medicines never come...

      By Shirisha Kumar
    • Are AC manufacturers having a cartel

      In less than 100 days AC manufacturers have raised prices by 8-13% and no questions are being asked. The Government yesterday announced a PLI scheme for them too. Shouldn&rsq...

      By Asha Gupta
Enter your email and 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

All My Circles
Invite to
(Maximum 500 email ids allowed.)