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New Stimulus Package by PM-A New Year Gift-VRK100-19122008

New Stimulus Package by PM-A New Year Gift-VRK100-19122008

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HOW TO STIMULATE THE INDIAN ECONOMY THAT IS ADVERSELY IMPACTED TO SOME EXTENT BY THE GLOBAL FINANCIAL CRISIS?


RAMA KRISHNA VADLAMUDI, Mumbai, India (vrk_100@yahoo.co.in) narrates different scenarios for the Prime Minister in order to give a big boost to the economy.

The measures undertaken by the PM are narrated in a innovative and humourous way.
HOW TO STIMULATE THE INDIAN ECONOMY THAT IS ADVERSELY IMPACTED TO SOME EXTENT BY THE GLOBAL FINANCIAL CRISIS?


RAMA KRISHNA VADLAMUDI, Mumbai, India (vrk_100@yahoo.co.in) narrates different scenarios for the Prime Minister in order to give a big boost to the economy.

The measures undertaken by the PM are narrated in a innovative and humourous way.

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Published by: RamaKrishna Vadlamudi on Oct 08, 2009
Copyright:Attribution Non-commercial No-derivs

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10/14/2009

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NEW AND IMPROVEDSTIMULUS PACKAGE BYPM – A NEW YEAR GIFT
The Prime Minister has just announceda new stimulus package to take thecountry forward from single-digitgrowth to double-digit growth. Thecontours of the New Year gift are:
 
1. Working hours cut
Working hours of all companies andfirms have been reduced by fivehours in a week and five-day weekhas been introduced with immediateeffect all over India except Jammuand Kashmir. So that, people areencouraged to spend more timeoutside offices and factories whichin turn will lead to more consumer spending and eventually boost theeconomy.
 
2.Tax concessions
Pharmaceutical companies, like, Cipla,Dr.Reddy’s Labs, Sun Pharma (but not,Ranbaxy, since it has become a foreigncompany recently) are given special taxincentives so that they copy ‘Viagra’ or ‘sildenafil citrate’ tablets and mass producethem in India. The increased production of ‘Viagra’ tablets will revitalize the ‘animalspirits’ of our citizens to spend their timemore intimately with their legally weddedspouses. This will give a booster dose to morepopulation and ultimately the country will beendowed with rich ‘demographic dividend’which will enable India to compete in a better way with China. (At least on this score, wewill be ahead of China in the next few years!)

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