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Corona VS Indian Economy

 

Political correctness is the inability to state certain truths because they may offend certain people. I, Thacker Shubham, might also offend many right winged members of our democratic country which is not so democratic. How well did BJP led government lauds their propaganda with zero ground work is just a thing of utter foolishness. Whataboutery is what helps them get out of an argument. It works. Always. The three D’s an average Indian is afraid of are Dearth (of money), Defiance (against government) and being Denounced. Yes. I didn’t mention Demonetisation. (If you are finding for that word). We have already lost that battle in past. The consequences are being faced by the population of 1.36 billion peoples on daily basis. According to World Poverty Clock, 44 Indians every minute escape poverty. Around 22% of Indian population is below poverty line. Of course its contradictory to mention such things all together, but facts it is. Ask yourself. Did demonitisation favoured your financial status when you had zero black money? Well that’s that. Economy is quite an unrealistic concept where manipulative markets, scams and frauds have their place on top.

Our beloved Finance Minister, Nirmala Sitharaman Ji came out with a new 20 lakh crore package for relief and welfare of Indian economy and the Indians itself. Yes, I am talking about the same woman who once said that she belongs to a family where they don’t prefer eating Onions and garlic so the once high price of onion doesn’t matter to her.

Yes you don’t Tai ji, you don’t.

Let me explain a basic concept regarding Fiscal policy and Monetary policy in quite quite simple manner and briefly. RBI is an independent bank and central bank of India and all the monetary jobs by them comes under monetary policy and when such jobs are done by government it comes under fiscal policy. 8.03 lakh crore of 20 lakh crore was given by Central bank of India. So firstly, In no way this is a fiscal package. Secondly, a large amount of this package is in the form of loans. The already slucked economy with past its Days Beyond Term cannot survive on loans. Government needs to give direct cash transfer to upbring this economy back on the track. Anurag Sinh Thakur, State finance Minister of India said before lockdown that the Corona virus pandemic won’t affect the Indian economy. Yes, It didn’t. Right?! RBI governor,Shaktikanta Das ji, stated that GDP growth in FY21 might get negative. Totally opposite statements by two individuals concerning to same concepts of economics. Many many concepts which were discussed in past are being now added in the 20 lakh crore package. How is it not irrelevant? Is it covid relief? A statement by my uncle who is also a BJP supporter. He said and I quote ” India is place where no one loves their country, only until the country itself is in mass problem such as this. A step has to be taken towards Make In India.” Trolls on Atmanirbharta / self reliant India will stop? But big question, is this the right time to build a nation on basis of atmanirbharta when we lack resources? Government increased FDI limits in Defence sector from 49% to 74%. Isn’t atmanirbhar India and easing FDI in defense manufacturing contradictory? In such financial crunch, does a comman man of India stable enough to buy products made in India which are obviously costlier than the one we are using? If yes is the answer, I might face bigotry with you. Call me leftist, anti national, naxal or anything you want, but the coming months in India will make you realize that the current economic crisis is greater than The Great Depression or maybe the greatest in India after independence. Stock markets are not rising the way it were supposed to. I mean 20 lakh crore package and literally no noticeable raise in sensex?

Coming to how vulnerable is situation in India due to covid-19 then trust me on this, high number of states are under reporting cases not only the NDA led but UPA as well. 138k positive cases, 4k deceased and around 57k back to their home. Testing being done 2135 per million Indians population. Not quite out of the hand. Yes, yes sorry bhakts, I forgot to mention the masterstroke of Modi ji, The greatest Lockdown in the History of India. Yes of course it was good but what about the 14 crore jobs lost during it? No defending over the topic that Lockdown wasn’t necessary, but the implementation of it could have been better. Maybe with a warning. Maybe with a short notice of 1 week period. The megalomaniac PM needs to leave the concept of speech at 8 and implementation at 12. It always has turned disastrous. That being said, will the exit plan of escape from lockdown work as it is supposed to? When will we be able to enjoy unaffordable snacks in cinema halls? Yes, you know that the answer to this is after a long long time..

Government (Tax payers) ka paisa!

Final question, your homework. Why is the PMCARES fund not being audited by CAG and 2 separate personalities are being held for the audit? Ranjan gagoi isn’t a Cheif justice anymore and that should be remembered by modi ji.

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