Expected Support from Indian Government at this time of Crisis

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https://www.linkedin.com/pulse/expected-support-from-indian-government-time-crisis-deepalaxmi-bhat


March 23, 2020. Nobody would have expected complete Lockdown of Our Country for 21 days (and extendable depending on the situations) on the outset of Coronavirus Pandemic, which is indeed a dangerous situation faced by almost all Countries Worldwide. This Lockdown has brought many People’s Life at a Pause. Yes! I am not talking about the Day to Day Basic Activities of everyone. I am talking about the Financial Crisis that is being faced by almost everybody from Day Wage Earners to High Class People.
At this time, what is expected from the Government? It is the Maximum Support to combat the Financial Crisis that is being faced by each and every one at present. It is understood that all kinds of Business activities other than Grocery and Healthcare Products are under stress and huge downtrend of Performance. I am of the opinion that when the country is impounding complete Lockdown it has to plan proper support system to all of its citizens – from Day wage Earners to Middle Class to High Class Society.
Our Country, unlike other nations has concentrated more on Day Wage Earners, Farmers and Senior Citizens. This Lockdown affects most adversely to those Class of People with Taxable Income Lesser than Rs.5 Lacs. These are the People who promptly pay their Taxes and do not try to evade taxes in any way. These People have lot of commitments to be met – like Rent, Utility Bills, etc. which may be very difficult as they manage their living according to the Income Class they fall in and this Lockdown may have stopped their Income Earning Source and they may be struggling a lot to meet their commitments.
At this situation, The Government has to do something so that they are able to get some financial Support that may help them to pay off their commitments on time. It may be in the form of Instant Loans which may be credited to their accounts based on their Income Category through DBT option. This may be helpful for them a lot.
Like the US which has announced $1200 to all People with Income below $75000 a year, Indian Government also could have thought in the same way to help People whose income fall below Rs.5 Lacs. It may be extended as a Loan to such People as they are able to repay once the Lockdown ends and they are back in Income Earning mode.
Also, The Government can come up with some ideas that will get People Work and Earn from Home. Unless the Government supports it is indeed difficult for its people to cope with the difficult situation. I hope the Government will come up with better ideas to support all its citizens than to be a backbone to only fewer sector of the society.
 


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