Day 2 – The Survivor – #IndiaFightsCorona #Lockdown21

Camping in Wilderness Presentation

Day 2of lockdown witnessed something unusual.

At around 2 p.m. IST, we had a power cut. Thanks to the Delhi weather currently, it was not unbearable. The power backup in our apartment complex is down for maintenance.

Suddenly, my life came to a complete blank.

  • No internet so no office work could be done. Google products work best with a working internet connection.
  • Had an important deliverable but now that would have to wait for at least a day
  • No TV to watch
  • I recalled one of my friends telling me once to invest Rs. 1200/- in a modem UPS. I had shugged him away, for no specific reason.
  • Cant step outside as its still day 2. So I can’t go to a cafe for free wi-fi and some coffee followed by some work.

Luckily the internet on mobile was still working. So, I browsed through the news quickly. The Finance Minister had by then announced the financial rescue package. Few highlights are below –

  • Pradhan Mantri Gareeb Kalyan Ann Yojna (PMGKY) – 5 Kgs of Rice/Wheat to 80 crore individuals and one kg pulse for each household for the next 3 months
  • Rs. 50 Lakhs compensation for any doctor, nurse, ward boy or any other person helping in the treatment, if they meet with an accident. This is for a period of 3 months. It also has healthcare coverage.
  • Direct transfers of Rs. 2000 in the first week of April to 8.69 crore families under Kisan Samman Nidhi.
  • Wages under MNREGA increased by Rs. 2000 as an additional help
  • Then there are more disbursement under the Jan Dhan Scheme
  • For the middle-income group, rules for EPF withdrawal have been relaxed so that people can withdraw 75% of the value of 3 months of salary – whichever is lower.

The package was silent on many fronts –

  • What about the SMEs? Do they get a tax holiday?
  • The economy is still crippling so any measures to trigger growth would have been good.
  • What about GST? Are we revising the norms of GST?
  • Ay stimulus package like direct transfer or tax rebate for individuals.
  • Nothing for corporate India.
  • No direct cash benefits to the middle-class individuals

These are only some of the many questions that stay open. In all likelihood, Nirmala ji will levy a COVID cess in the next available window.

So the MSMEs and self-employed ones, stay put and brave this weather. You are the ones who trigger the economy and are responsible for a large chunk of employment in the country.

It is important for you to be a survivor in the current times. A tough one though but blows like these build great businesses. So stay put, stay healthy, economic machinery will change completely.

Keep fighting everyday… Because…

Apna time aayega!

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