UPSC, SSC, UGC Preparation | Kapil Balhara | News Current Affairs General Knowledge Newspapers
UPSC, SSC, UGC Preparation | Kapil Balhara | News Current Affairs General Knowledge Newspapers
Kapil balhara
Corona economic Impact
4 minutes Posted Sep 11, 2020 at 11:23 am.
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Hello friends! I am Kapil Balhara.
I will talk to you today about the economic disaster that brought the Corona update free today.
We live in India where about 17% of the world's population lives.
Where about 50 to 55% of the people live by farming?
Around 15%. From industries.
So the remaining 30 to 35% people do service.
Nowadays we are talking a lot about prevention from coronavirus and prevention of virus, but with this no one is talking about economic disaster.
Due to this disaster, about 40 to 45% of our population, which is dependent on industries and service, lands under the feet!
During this disaster, leave the progress, the decline is also so big that people's passing away has become difficult.
If farming is abandoned.
So of industries. Whatever sector it is, it is mining. Or manufacturing or? There is a huge decline in energy.
Another where the demand for people has fallen due to lack of money. Then the same! In industries. Production has fallen.
And it has become a cycle where the industry does not want to make any more? Common people do not want to buy.
And speaking of service, many airlines are on the verge of closure where tourism is at a standstill. There is a huge drop in the train. Where the rest of the mutual funds are falling.
Banks' non-performing acids are increasing.
The premium collection of insurance is falling.
You don't think such things. Will be back to normal very soon.
About 4.5% of people in India have a PAN card.
And out of this only about 1.5% people pay income tax.
Where there has been a decline in all means of government earnings whether it is tax collection or? Custom! Be it custom duty collection or excise duty collection. So the condition of the government is also something. Is not well
So how do we get out of this disaster?
So this is the solution of the witness. You will have to put money in your lap.
Liquidity has to be brought in the market. How can we increase demand?
Now it is up to the government to decide. How will he do this? Chai to bade in first letter project.
By starting more and more projects or by depositing money directly into people's accounts.
Otherwise our which is MSME and SME.
this! And will die soon.
And we will not be able to compete with external companies.
So that our Make in India program Skill India program will be destroyed.