Perhaps the best stimulus which our government can unleash is caring attitudes in the entire bureaucratic machinery, duly monitored by the political executive, to unleash the 'animal spirits' in businesses otherwise struggling to get back on their toes.
Secondly, it would also be great to waive of all license fees pertaining to commercial establishments for a year. But next year onwards, realize this waiver from the beneficiaries of the same, in four yearly instalments. Our central government can compensate the state governments for the loss in revenues caused by this waiver this year.
The increase in Centre's overall fiscal deficit, can be partially offset by increased collections of indirect taxes like GST and other state levies, besides unleashing other related multiplier effects in our economy, especially in terms of growth in employment and GDP.
These two measures as cited above, can be role-models for the rest of the world to emulate.
Secondly, it would also be great to waive of all license fees pertaining to commercial establishments for a year. But next year onwards, realize this waiver from the beneficiaries of the same, in four yearly instalments. Our central government can compensate the state governments for the loss in revenues caused by this waiver this year.
The increase in Centre's overall fiscal deficit, can be partially offset by increased collections of indirect taxes like GST and other state levies, besides unleashing other related multiplier effects in our economy, especially in terms of growth in employment and GDP.
These two measures as cited above, can be role-models for the rest of the world to emulate.
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