We were believing that as the Global Stock Markets weren’t correcting since 2017 as we were expecting, but this health plus financial crisis led to a global meltdown of most of the economies. India is already facing a ‘hidden’ banking crisis and debt is always a time bomb. Real Estate hasn’t recovered since 2008, the pharma sector isn’t also working up to the mark. People can claim that stock market isn’t an important indicator, but we believe that it is the most accurate barometer of how the economy is working, because stock markets have one of the best practical brains ever existed on the Earth. The government may have a different view or opinion but we are sure that after the COVID-19 is solved then only health or life crisis would be solved. But the skeletons of the financial crisis are in the wait to be unearthed. Even after all the laws and measures taken banks are on the verge of a fall if not saved by the system. It shakes the trust of the common man if banks fail. And those who are culprits shouldn’t be allowed to escape because it is now enough. These crooks sitting inside and outside the country should be taught a real lesson. There has been very much change in the mindset of the consumer of India since 2010, and this is how the economy is also changed, but that local economy may collapse and may take time to recover. Travel, Hospitality, Restaurants, Railways, Roadways and Airways all are hit, we are with the prudence of Government that they implemented Social-Distancing as a quick measure, but now we also have to think after that. I am fully sure that once the situation normalizes the economy will back on the track because as a country of 130 Crore we don’t have a requirement to find consumers. RBI have announced many relaxations and also the State Governments and Central Governments are working on the scale of a War and we can clearly see and feel proud for all the Government Workers who are risking their lives and doing their jobs. As a financial expert, I always say that an individual should avoid loans if he/she can. Because all this money is only on the computers and not in the real, a little mistake will cost the economy a lot, as Warren Buffet says that we can only know who is swimming naked when the tide goes out. One good thing amidst this crisis is all have come together to solve the problems. I clearly see that birds have come again in the city which I have seen after 9 years. No noise pollution, no heavy industries puking out poison, it seems that we as humans are virus and Mother Earth is healing herself. There are many conspiracy theories regarding the virus, we won’t involve in it, but I do believe that in the way humans are killing animals, these are its consequences. Animal killing won’t be stopped because human greed isn’t fulfilled. Our digestive system isn’t build to eat animals but are for the plants and grains. Though it is another debate, we should try to live as natural as possible. There are many other diseases killing millions which are the result of our bad lifestyle and eating disorders. If we want to live longer then we have to consume from a farm and not from the factory. Even foolishly in such pandemic many cities and countries administration have killed or buried live innocent animals. Every year we have a natural disaster and we focus on idiots who call themselves Scientists, and they will come out with there theories and non-sense stuff, but we aren’t ready to focus strongly on not polluting and violating Earth’s ecology. We have brought Carbon Tax, it is also a bigger blunder and loot system of Governments to fool around. If something is polluting then just close it down. Cigarettes are injurious for health, but heavy tax is levied but the factory isn’t closed right upfront. Taking the profit out of everything is in the DNA and philosophy of the Western World which is now have become the trend whole over the World, we may call some Socialist or Democratic but all have become Capitalist in one or the other way.
Too much workload on the Administration
I believe that every time when such announcements are made on 8 pm Prime Time, havoc is created. Be it Demonetization or this Janta Curfew, it many a time presents the clear case of mismanagement on the ground level. The centre should slow down when their message isn’t conveyed clearly to its administration. We are never in doubt of goodwill to save our countrymen in this time of global pandemic crisis. But the top officials aren’t going to the ground to help and that isn’t viable also, so they should improve their sources of information. In India to put 130 Crore plus people inside their home isn’t an easy task, many people may not be serious about the issue, they will surely be handled by the administration. But this exposes our health system and emergency response. More strict norms were necessary for the Government for those who were coming from abroad. So that the poor labourers may not be suffering today, their situation only worsened. I thank all the good Policemen and women, collectors and a few good people from our business and corporate world who came forward to lend their support. I think that those dishonest business owners and builders should be prosecuted who have cut down the salaries and thrown away the labourers from construction sites and factories. Our Indian culture has a very old system of donation and we have a good heart by nature and cannot see anyone suffering. Many organisations are even taking care of stray road animals. Now the real work is winding up of the lock-down and to normalize the life back and give a kick to the already worsening economy. The informal sector is the one which has a second severe hit of a falling economy. The economic packages are not in real terms, Government needs to spend in real and not in an artificial form of food distribution or insurance. Our manufacturing also gets exposed that how much we are dependant on the Chinese Products. Even the fanciest ‘Work From Home’ also exposes the so-called Tech Companies that they are not equipped as of now and it also shows how employees are put under the strict radar while ‘WFH’. Even many big companies have put the Corona ahead as an excuse and have put a cut off in staff and salaries. Only a few reputed companies have shown the courtesy for the employees and the country. Those who are fraudulent shouldn’t be bailed out at the cost of taxpayers money. No Government can run the wheel of economy alone, it needs the participation of the end consumers. And the winding up of the lockdown can move the wheel on its own but the only requirement is that the Government watches out the administration is done as per the rules and nothing special is required. In future Government should prepare our indigenous response mechanism which can handle such epidemic or pandemic and most importantly who doesn’t have some special agendas of profit slicing pharma or any global agendas aren’t served through our country. And the importance of our Ayush Ministry should be strengthened and we should collaboratively work with ancient and modern science, if we really want to help and improve our health and crisis system and not only earn profit from it. On the positive side is that at many places total cities are already under CCTV Surveillance and Drones are used to keep watch, which shows that Information Technology helps in reducing crimes and also improves transparency. No one may have predicted a month before that such situation would arrive in the whole world that everything is put on the halt and some reports are emerging that Ozone layer has improved and Air Quality is improved, we cannot justify the science behind it but Air Quality is improved that I can say through AQI of various cities and also the plants in my balcony are seeming different from a month before. Big businesses are previously said can take the heat at the moment but the real damage is on the SMEs and unorganized sector, mostly the analysts are of the fear of defaults on the personal loans which will squeeze the banks. Also in February, we were seeing that next round of collapse could emerge through personal loan defaults. The government should work even with double zeel to manage the more danger which is ahead of winding up of lockdown, this monster called NPA is waiting for his turn to upside down the whole of the system. In God and Nature, we trust that whatever happens, happens for the good and betterment. Let's hope and work out together for a better world because nature has bestowed us an opportunity to not disturb the rules of nature because we are not equipped to face its wrath. Because all the pride taker countries having nuclear power has been shown the real supreme power is God and Nature. May God Bless Us All.
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