ECONOMIC RELIEF

PACKAGE Sanjith M Saravanan and

Shrithan P Narayan

2020 COVID-19 CRISIS

CONTENTS
No.1 – the poor
No.2 – production
No.3 – MSMEs
No.4 – worst hit sectors
No.5 – corporate sector
No.6 – healthcare
No.7 – sources of income for the package
No.8 – prevention of fraud and corruption
No.9 – logistics of the schemes
No.10 – calculations , citations , and accuracy
NO.1 – THE POOR
1.1 – DIRECT CASH
TRANSFERS
1. ALL people found BPL as of the 2011 census to receive a one time DCT
of rs. 2000 per head
2. the number of benefactors of this scheme would be around 26.67 crore
people ( 19.71 % of India's population )
3. This scheme would cost the government Rs. 53,400 crore
1.2 – FOOD RATIONS
1. Poor and lower middle class persons to receive 5kg of wheat / rice ( according to
region ) and ¾ kg of pulses of choice free of cost every month for the next 3
months at their nearest ration store
2. The number of benefactors of this scheme would be around 80 crore people
( 59.15 % of India's population )
3. This scheme would cost the government around Rs. 55,000 crore
1.3 - RENT
1. all urban households living in rented homes of below Rs. 5000 Monthly rent to
receive Rs. 3000 per month for the next 3 months ( totally Rs. 9000 )
2. the number of benefactors of this scheme would be around 1.38 crore households
( 7.3% of India's households )
3. this scheme would cost the government around Rs. 11,781 crore
1.4 – MIGRANTS
1. Migrant workers to be held at govt. lodgings with sanitary facilities free of rent
and be provided food 3 times a day until the end of lockdown period.
2. Migrants who are adamant at going back to their home towns are to be provided
special buses that would run a profit
3. migrants who reach their home towns are to be detained in quarantine centres
( that will be set up in schools ) for 14 days where they will be monitored 24-7
and be provided paid food 3 times a day
4. this program would cater to the estimated 8 crore migrant workers
5. this program would cost the government a maximum of Rs. 8000 crore ( costs
unknown )
1.5 – FREE CATERING
1. Push cart canteens to be set up in cities and towns to provide subsidized cooked
food for the poor where not available for the next 3 months ( can be extended if
government sees fit to do so )
2. Anybody can eat at these canteens when they need to
3. this scheme would cost at least Rs. 3020.13 crore in subsidies at current
consumption rates but this number may inflate to a maximum of 10 times this
amount
1.6 – UNEMPLOYMENT
BENEFIT
( IN DEBATE )
1. All people found unemployed at the wake of this crisis to receive 1000 Rs. / head
for the next 3 months ( 3000 Rs. / head )
2. Money will be provided at local relief centres present at schools till they begin
classes and will be given only after evidence to show their unemployment from
their employer or contractor
3. The number of beneficiaries of this scheme would be around 12 crore workers
( at April unemployment rate )
4. this scheme would cost the government an estimate of Rs. 36,000 crore ( at
current rates , but likely to go down )
1.7 – EMI AND LOAN
MORATORIUM
1. All EMI payments and loan repayments incurred and brought BEFORE April 1 to
be deferred by 1 year for both individuals and companies by the RBI
2. EMI and loans brought after April 1 shall be paid as normal
3. The deferred loans are by no means waivered – they can be repaid by more
instalments ( I year worth of it ) or a higher amount per instalment after the 1 year
period
4. The government will infuse money into the banking sector so that it can cope up
with this loss in revenue ( explained in detail in 4.2 )
1.8- ELECTRICITY BILL
( DROPPED )

1. All household’s electricity bill to be waivered for the next 3 months ( revenue
deficit to be payed by the government to the state EBs )
2. All Indian households would benefit from this
3. this scheme would not save much money for the poorer households , thus the
scheme has been called useless and dropped
NO.2 – PRODUCTION
NOTES
1. all industries that are allowed to run can only use a maximum of ¼ th of their
workforce at a time ( shifts to be used in batches to reduce contacts )
2. all production except that of essentials should be in a go-slow fashion if the finished
good is to be sold in the domestic market to decrease the risk of overproduction
( retail can only happen after lockdown – and only selectively )
3. All industries functioning MUST observe social distancing practices – failure to do so
would result in the sealing of the company
4. All essential services MUST remain functioning – failure to do so would result in
sealing of the company and a Rs. 5,00,000 fine
5. the following slides show the industries that can operate during mentioned time
periods
2.1 – DURING LOCKDOWN
( ESSENTIALS )
1. Pharmaceuticals and hospitals ( emergency )
2. Medical textiles and equipment
3. All agriculture ( farming , fishing , livestock rearing )
4. fertilizer , chemical , and API production
5. Food ( restaurant take-out included ) and medicine retail
6. Food processing industries
7. Mining , oil production and refining
8. Logistics for the above
9. Warehousing for all industries
2.2.1 – AFTER LOCKDOWN
( URBAN RED ZONES )
1. Everything in 2.1
2. Stone , Ore , Mineral , alloy processing
3. Heavy Industry ( aerospace , capital equipment )
4. Plastic processing
5. Non-essential medical procedures
6. Hardware tools
7. Timber , rubber extraction and processing
8. Construction materials
9. Automobile and all parts production ( foundries

NOTE – NO industry present in containment zones will operate ( even essentials except hospitals )
2.2.2 – AFTER LOCKDOWN
( RURAL RED ZONES )
1. Everything in 2.2.2
2. City to city ( and village ) buses and trains
3. Spinning mills
4. Plastic furniture and accessories
5. Toy manufacturing and parts
6. Liquor and cigarette production
7. Electronics production and parts ( computers and handheld devices , consumer durables , etc..
)
8. Call centres and IT firms
9. All retail shops with less than 20 employees ( except those in malls )
2.2.3 – AFTER LOCKDOWN
( URBAN NON-RED ZONES )
1. Everything in 2.2.2
2. All secondary production ( textiles , jewellery , tanneries etc.. )
3. Retail with more than 20 employees , entertainment ( like movie theatres ,
amusement parks , bars , etc. . ) , hospitality ( hotels and marriage arrangements )
, and malls would remain closed even here for another 3 months
2.2.4 – AFTER LOCKDOWN
( RURAL NON-RED ZONES )
1. Everything in 2.2.3
2. Virtually all businesses may open ( except amusement parks and movie theatres )
NO.3 – MSME’S
3.1 – COMPENSATION FOR
SME’S
( CAN BE REPLACED WITH SOFT LOANS – 4.1.2 )
1. All small and medium enterprises to receive 10 % of their revenue from the previous year ( 40
% of 3 month revenue ) as a one time DCT from the government into their bank accounts
2. Unrevealed revenue and the resulting profits that is declared by SMEs after this provision so
that they can get more compensation after this scheme is revealed shall be taxed in addition
with a 2 times penalty for evasion
3. However , the company does not need to pay this amount immediately , instead they have a
payment period of 3 years
4. Payment must be adjusted to inflation and can be payed in instalments
5. The number of benefactors of this scheme would be 333,000 companies ( 330,000 small and
3000 medium )
6. This scheme would cost the government around Rs. 42,000 crore ( this amount may inflate upto
4 times this amount ( but then there will be returns 3 years later )
3.2 – COMPENSATION FOR
MICRO ENTERPRISES
1. All micro enterprise owners to receive Rs. 4000 and their workers Rs. 2000 as a
one time DCT in addition with any BPL benefits
2. Money will be provided at local relief centres present at schools till they begin
classes and will be given only after evidence to show the existence of their
business by showing assets and capital used in the business ( tools , push-carts ,
anything )
3. The number of beneficiaries of this scheme are around 11.06 crore workers
4. This scheme would cost the government around Rs. 34,490 crore ( this number
may inflate to a maximum of 150 % )
3.3 – ELECTRICITY BILL
( DEBATE – FEASIBILITY )

1. All MSMEs’ electricity bill will be cut by 50% by the government for the next 3
months
2. The loss in revenue for the state Ebs would be compensated by the government
3. The number of beneficiaries of this scheme are all the industries of India
( 340000 + )
4. This would cost the government around Rs. 1,46,990.95 crore in compensations
3.4 – EMI AND LOAN
MORATORIUM
1. All EMI payments and loan repayments incurred and brought BEFORE April 1 to
be given the option of deferment by 1 year for both individuals and companies by
the RBI
2. Companies willing to pay the EMI and loan interest as normal can proceed to do so
3. EMI and loans brought after April 1 shall be paid as normal
4. The deferred loans are by no means waivered – they can be repaid by more
instalments ( I year worth of it ) or a higher amount per instalment after the 1 year
period
5. The government will infuse money into the banking sector so that it can cope up
with this loss in revenue ( explained in detail in 4.2 )
3.5.1 – INCOME TAX
MORATORIUM
( OPTION NO.1 )
1. The payment of income tax by all MSMEs to be given the option of deferment
for 1 year by the IT department
2. Companies willing to pay income tax as normal may proceed to do so
3. GST payment WILL NOT be altered – companies must pay them as usual for the
sales of their products
3.5.2 – CHANGE IN TIME
PERIOD OF BLOCKS
( OPTION NO.2 – LEAST IMPACTFUL OPTION , BUT
MOST FEASIBLE )
1. The current block year for tax exemptions set by the government is to be
terminated
2. A new block year ( all exemptions not done in the previous year can be carried
over to this new one ) lasts until February 2021 ( 1 year instead of usual 3-4 )
3. Thus there are more opportunities for a company to reduce it’s income tax
payments
4. This scheme would cost the least to the government out of all the 3 schemes in
the section 3.5
3.5.3 – GST HOLIDAY FOR 3
MONTHS
( OPTION NO. 3 – MOST IMPACTFUL OPTION , BUT
DEBATABLE FEASIBILITY )
1. All GST payments to the government from MSMEs and large companies to be
cancelled for the next 3 months
2. This is not a moratorium – the unpaid GST for the next 3 months does not need to be
paid back by the companies
3. No GST means lower prices of goods for everyone.
4. This scheme would thus reduce inflatory pressure and inflation that would occur due
to printing money as it would decrease the average prices of all products in the market
5. It would also help the poor to buy goods and services at a cheaper price , thus they
will demand more , increasing AD , output , and economic growth
6. This scheme , however , would result in lost income of Rs. 3,00,000 crore ( max . )
NO.4 – WORST HIT
SECTORS
4.1 – HOSPITALITY AND
TOURISM INDUSTRY
4.1.1- UNEMPLOYED
WORKERS
1. All Unemployed workers from the tourism sector to receive Rs. 4000 / head for
the next 3 months in addition to normal unemployment benefits
2. The number of beneficiaries of this scheme is around 3.8 crore ( number of
people predicted to go unemployed – may be lesser due to govt. measures )
3. This scheme would cost the government the government around 45600 crore
4.1.2.1 – SOFT LOANS
1. All companies in the hospitality sector ( +unorganized ) with an investment of more
than Rs. 1,00,000 ( SMEs and large companies ) can access soft loans that will be
provided by a new subsidiary of the state bank of India for the next 6 months
2. This subsidiary’s dealings would happen in state bank of India branches ( no special
branch )
3. The interest rate of these loans would be of compound interest at -10 % annually
which would be paid in instalments of fixed value for 10 years ( this would result in
returns of 34.868 % , meaning a loss of 65.132 % for the government )
4. Payment of instalments would start from 1 year from receiving the loan
5. Loans received can only amount to a maximum of 25 % of the company’s revenue of
the previous year
4.1.2.2 – SOFT LOANS
( CONTINUATION )

1. This means that if a company borrows it’s whole allowance , then it is equal to a
16.283 % bailout by the government to the company )
2. All loans feasibility would be assessed before given to individual companies to
prevent bad loans to companies that would anyway fail in the near future
3. The repayment of the loan WILL be affected by inflation – no fixed instalments ,
( so that the real bailout value of the company would remain 16.283 % even after
10 years )
4. Only firms which have more than 90% stakes of Indian origin are eligible to
borrow soft loans ( MNCs like Radisson and Hyatt cannot borrow these loans )
4.1.2.3 – SOFT LOANS
( CONTINUATION )

1. The funds needed for the new SBI subsidiary , Rs. 36418.25 crore , will be
provided by the government
2. This would cost the government maximum Rs. 23719.934 crore ( as a loss )
4.1.3.1 – MODIFICATION OF
LTA
In order to increase demand for travel and tourism after the covid-19 pandemic , the
leave travel allowance ( LTA ) will be modified
MODIFICATIONS –
1. The number of trips that can be made in 1 block year with tax exemption is raised
to 3 ( if block year is 1 year – option 2 ,3.5.2 ) or to 5 ( if block year remains at 3
years – option 1 ,3.5.1 )
2. If the individual travels by air , his/her exemption of tax will be from any airline
he/she rides on and not necessarily only the air India fare for the same route ( this
will allow airlines to raise fares without decreasing demand too much )
3. The number of days that can be taken off as 1 LTA holiday is limited to 4 days
4.1.3.2 – MODIFICATION OF
LTA
(CONTINUATION )
MODIFICATIONS CONTINUED –
1. LTA can now be claimed for accommodation and restaurant expenses also ( this
will help the mentioned to increase their prices too )
2. All companies ( whether in organized or unorganized sector ) are now
REQUIRED to pay employees a minimum of ½ a month’s salary ( whether they
are permanently employed ,contracted , or just casual workers ) as CTC – cost to
company , for LTA ( whether or not the worker’s salary is high enough to qualify
for income tax payment ) – this will give more money in the hands of labour to
go for trips , giving stimulus to the tourism sector , and will also promote long-
term labour contracts , which increase labour's job-security
3. This ½ month salary can only be given if the labour goes for a vacation
4.1.4 – COMPENSATION FOR
MICRO ENTERPRISES IN
HOSPITALITY
1. All micro enterprise owners and workers in the hospitality sector to receive Rs.
2000 / head for the next 3 months ( Rs. 6000 totally ) in addition with any other
cash receipts ( even unemployed micro workers can avail this scheme )
2. This scheme would benefit at a minimum 3.36 crore workers
3. This scheme would cost the government around Rs. 20160 crore
4.2 – TRAVEL INDUSTRY
4.2.1- BUS CONDUCTORS AND
DRIVERS
( DEBATE – SHOULD GOVT WORKERS GET LESS PAY ?
)
1. all workers in possession of a conductor and all bus drivers who have documents
proving their employment will receive a salary of Rs. 5000 / month for next 3
months ( total Rs. 15000 )
2. The number of beneficiaries of this scheme is around 32 lakh
3. This scheme would cost the government around Rs. 4800 crore
4.2.2 – LORRY DRIVERS
( DEBATE – SHOULD ONLY JOBLESS GET THE SALARY
, AND IF SO , HOW TO PREVENT FRAUD
CONSIDERING NEARLY ALL DRIVERS ARE SELF –
EMPLOYED )
1. All lorry drivers to receive a salary from the government of Rs. 5000 / month for
the next 3 months ( whether they are working or not ) in addition to any micro
enterprise benefits
2. The number of benefactors of this scheme is around 50 lakh
3. This scheme would cost the government Rs. 7500 crore ( maximum )
4.2.3 – TOLL MORATORIUM
1. All toll plazas all-over India are to cease functioning for the next 3 months in a
form of moratorium
2. This means that the time period that private companies can collect tolls from their
roads is effectively extended for 3 months after they start functioning
3. E.g. – if a company has a toll collection tenure of 5 years , this will become 5
years 3 months .
4. Companies CANNOT increase tolls after the 3 months moratorium is over to
compensate for losses
4.2.4.1 – SOFT LOANS FOR
SME’S AND AVIATION
1. All SMEs in the logistics sector which have an investment of more than
10,00,000 can avail soft loans that are to be deposited in their bank accounts from
a newly created subsidiary of the state bank of India
2. These banks would function from existing SBI branches ( no special branches for
the subsidiary )
3. Aviation companies of at least 90% Indian shares can also avail soft loans from
another subsidiary of the state bank of India , which would have only a single
branch at SBI headquarters , Delhi
4. The interest rate for these loans is 0% compounded annually ( payments adjusted
to inflation )
4.2.4.2 – SOFT LOANS FOR
SME’S AND AVIATION
( CONTINUATION )
1. The maximum amount of money that can be lent to a company is 25% of the
company’s previous year’s revenue
2. All loans would be subject to scrutiny before being given to prevent the risk of
bad loans to companies that would have collapsed anyway
3. This scheme would not result in any losses for the government ( except the
establishment and running of the new subsidiaries , which would cost the
government a maximum of Rs. 10 crore
4.2.5 – AIRPORT WORKERS
( DEBATE – MODEL EMPLOYER ARGUMENT AGAINST
WAGE CUT )
1. All airport workers ( 17,531 ) to be paid by the government ( airports authority of
India ) with a 25% cut in their salaries
2. This would cost the airports authority of India significant losses , which would be
compensated by the government
4.2.6 – UNEMPLOYED
AVIATION WORKERS
1. All workers of the aviation industry who find themselves unemployed in the
wake of coronavirus crisis are eligible to avail a salary from the government of
Rs. 10000 / month for the next 3 months
2. The number of benefactors of this scheme is a maximum of 9000 people
3. This scheme would cost the government a maximum of Rs. 27 crore
4.3 – BANKING SECTOR
4.3.1 – CAPITAL INFUSIONS
1. the reserve bank of India to infuse Rs. 50,000 crore in public sector banks ( this is
in exception to the new subsidiaries created ) and Rs. 30,000 crore in private
sector banks
2. This will help the PSBs ( 66% of the market ) and PVBs ( 28% of the market ) of
Indian origin ( 6% foreign banks do not receive any capital from the
government ) only
3. The aim of this scheme is to help bank cope with the announced loan moratorium
and an expected drastic reduction of customers in the short term due to
government initiatives to businesses ( soft loans )
4. This scheme would cost the government Rs. 80,000 crore
4.3.2 – INTEREST RATE
1. The RBI is to reduce borrowing interest rates to commercial bank to 2.8% from
the current 4.4%
2. However , the interest rate range at which commercial banks can lend shall be
reduced by only 1%
3. This allows commercial banks to increase their profit margins and for borrowers
to get cheaper credit
4.4 – CONSTRUCTION
INDUSTRY
4.4.1 – INFRASTRUCTURE
PROJECTS
1. Government to release a multitude of new infrastructure projects and repair projects that
will hire unemployed migrant workers
2. The majority of the works are to be done in the migrant source states of Bihar , Uttar
Pradesh , Madhya Pradesh , Chhattisgarh , Jharkhand , and Rajasthan due to the lack of
their availability in metros and migrant destination states
3. The details of theses projects are to be released by may 15 and implementation shall start
by the 1st of June
4. A daily wage of Rs. 600 is to be paid to workers wishing to join the programs ( admissions
are to be given to collector office or construction site offices between may 15 and June 1
5. The budget allocated to the various projects ( private – public partnership model will be
used ) would be Rs. 3,00,000 crore, to be spent over 2 years
4.5 – AGRICULTURE INDUSTRY
4.5.1 – SALARY TO FARMERS
( DEBATE – FEASIBILITY AND NECESSITY OF COSTS )

1. All landowning and landless farmer families to receive Rs. 4000 / month for the
next 3 months ( totally Rs. 12000 ) in addition with any other benefits
2. The number of beneficiaries of this scheme is around 9 crore households
( households counted for PM-KISAN scheme )
3. It is not necessary that the families must have their primary income source as
agriculture , as most farming families have other sources of incomes also
4. This scheme would cost the government a total of Rs. 1,08,000 crores
4.5.2- COMPENSATION FOR
LOSSES
( DEBATE – FEASIBILITY OF IMPLEMENTATION )
1. Farmers who have experienced losses in their crop due logistical reasons that
have arose under lockdown will be fully compensated
2. This would benefit all farmers , mainly farmers of flowers and perishable fruits
and vegetables who are the most affected due to the lockdown
3. Only losses due to loss of crop during lockdown can be claimed as a loss under
the scheme
4. The benefits of this scheme can be received until may 20 ( losses after may 3
cannot be claimed for )
5. Costs unknown – a maximum of Rs. 75,000 crore is likely
NO. 5 – CORPORATE
SECTOR
5.1.1 – SOFT LOANS
( DROPPED – NOT FEASIBLE )

1. All companies of Indian origin that have received an IPO and are in any Indian
stock exchange may avail soft loans from a newly created subsidiary of the state
bank of India that will be directly deposited in their bank accounts
2. These banks would function from existing SBI branches ( no special branches for
the subsidiary ) that shall not be in excess of the number of 10
3. Indian origin definition – companies with at least 90% shares from Indian
stakeholders
4. The interest rate for these loans is 1% compounded annually ( payments adjusted
to inflation )
5.1.2 – SOFT LOANS
( CONTINUATION – DROPPED – NOT FEASIBLE )

1. The maximum amount of money that can be lent to a company is 10% of the
company’s previous year’s revenue
2. All loans would be subject to scrutiny before being given to prevent the risk of
bad loans to companies that would have collapsed anyway
3. These loans can be borrowed for the next 3 months
4. Repayment of loans can be done in instalments which would have to be paid by 5
years
5. The repayment of the loan WILL be affected by inflation
6. This scheme would result in a profit for the government , but because as much as
5.97% of the Indian gdp would be have to be lent , it is not feasible
NO. 6 - HEALTHCARE
6.1 – VENTILATOR SUBSIDIES
1. The government is to provide a 50% subsidy in the production of ventilators to
promote it’s domestic manufacture
2. this scheme would cost the government around Rs. 150 crore
3. This number takes the assumption that India produces 50,000 more ventilators at
an average price of Rs. 60,000 per unit
6.2 – PPE AND MASKS
SUBSIDY
( DEBATE – ISN’T THIS NUMBER TO HIGH FOR
SOMETHING AS SPECIFIC AS PPE MARKET ? )
1. The government is to provide a 50% subsidy for the production of masks , PPE ,
and other preventive gear
2. the current size of the Indian preventive equipment industry is around Rs. 303.96
crore
3. Thus this scheme would cost the government a maximum of Rs. 151.98 crore
6.3 – MEDICAL RESEARCH
FUNDING
1. Medical scientists and researchers wishing to conduct medical research related to
COVID-19 can avail full funding from the government
2. Any research organization in need of funding should approach the Indian council
of medical research ( ICMR ) via their online platform
3. A panel of scientists would interview the applicant , and if satisfied that the
research proposed is worthwhile , would be given the needed funds via online
transaction
4. This scheme would be allocated Rs. 2000 crore by the central government and
this amount will be handed over to the ICMR
6.4.1 – COVID-19 INSURANCE
( DEBATE – SHOULD PAYMENT OF PREMIUM BE
OPTIONAL OR COMPULSORY ? )
1. All Indians are eligible to a new special insurance-like plan specific to COVID-
19 that would be released and managed by the life insurance corporation of India
( LIC )
2. The premium is Rs. 50 / month and the option to pay will be given to all people
who have a bank account
3. This money will be used to pay for the expenses of the treatment needed by a
patient affected by COVID-19 ( whether the patient has paid premium or not )
4. Bank accounts with a balance of less than Rs. 5000 will be exempted from paying
this premium
6.4.2 – COVID-19 INSURANCE
( CONTINUATION )

1. This scheme is not meant to generate a profit , but if a profit is received by the
LIC due to the scheme , the excess profit money will be split into equal halves
and be re-deposited to the bank accounts who paid premium as a digital cheque
2. Any losses to the LIC incurred by this scheme would be compensated for by the
central government of India
6.5 – COMPENSATION TO
ISOLATED PEOPLE
1. Everyone who is forcefully quarantined in quarantine centres or compulsory
home isolation by the government to slow the spread of infection shall be
compensated for this by a payment of Rs. 200 / day
2. The beneficiaries of this scheme would be all the persons who have been
quarantined and who will be so in the future
3. People who have been discharged from their quarantine before this scheme was
announced will also receive this compensation from the isolation centre they
were quarantined in or their nearest panchayat / ward office
4. Costs unknown due to uncertainty of how many people will be quarantine in
future – a maximum of Rs. 2000 crore is probable
6.6 – IMPROVEMENT OF
HOSPITALS
1. the infrastructure present in Government hospitals all over India will be improved
( machinery , beds , etc.. )
2. The aim of this scheme is to increase the number of beds in government hospitals
by 5 times , increase the quality of specialized treatment facilities in urban areas,
and increase the efficiency , number , and quality of primary health centres in
rural areas
3. Emphasis would be given to regions and states with exceptionally sub-standard
government healthcare
4. This scheme would commence once appropriate funds are secured
5. It would span 5 years of spending , which would total Rs. 3,00,000
6.7 – GST FOR MEDICAL
EQUIPMENT AND DRUGS
1. The government is to give a GST holiday for medical equipment , testing
equipment , and pharmaceutical companies for the next 6 months
2. This scheme is aimed to encourage the production of these much needed
equipment
NO.7 – SOURCES OF
INCOME FOR THE
PACKAGE
 TOTAL EXPENDITURE
MINIMUM ( EXCLUDES 1.6, 3.5,
4.4.1, 4.5.1, 6.6 )
No. 1 – Rs. 1,31,201.13 crore
No. 3 – Rs. 2,23,480.95 crore
No. 4.1 – Rs. 89,479.934 crore
No. 4.2 – Rs. 14,011.075 crore
No. 4.3 – Rs. 80,000 crore
No. 4.5 – Rs. 75,000 crore
No. 6 – Rs. 4,301.98 crore
TOTAL – Rs. 6,17,475.069 crore ( 3.248% of
2019 nominal GDP ) when
including 3.5.3 ( if chosen ) Rs. 9,17,475.069 crore
( 0.483% of 2019 nominal GDP )
MAXIMUM ( INCLUDES 1.6, 4.4.1,
4.5.1, 6.6 )
No. 1 – Rs. 1,67,201.13 crore
No. 3 – Rs. 3,66,725.5 crore
No. 4.1 – Rs. 89,479.934 crore
No. 4.2 – Rs. 14,011.075 crore
No. 4.3 – Rs. 80,000 crore
No. 4.4 – Rs. 3,00,000 crore
No. 4.5 – Rs. 1,83,000 crore
No. 6 – Rs. 3,04,301.98 crore
TOTAL – Rs. 15,04,719.619 crore ( 7.915% of 2019
nominal GDP ) – Rs. 9,04,719.619 crore ( 4.759% of
2019 nominal GDP ) without LT . When including 3.5.3
( if chosen ) , Rs. 12,04,719.619 crore ( 6.337% of 2019
nominal GDP )
7.1 – PUBLIC SECTOR CORPORATIONS
PRIVATISATION , DISINVESTMENT ,
AND TRANSFERS
7.1.1.1 – DISINVESTMENT IN
AIR INDIA
( OPTION NO. 1 )
1. The government is to sell most of air India's current assets however low the quoted price
may be
2. This includes flights , land , parking passes , colonies , et cetera
3. The air India company itself will not be sold
4. 50% of air India's flight fleet ( totally worth Rs. 20,000 crore , adjusted to depreciation )
, all of it’s real estate ( worth Rs. 8000 crore ) and many intangible assets like prime
landing spots in many international airports all over the world (of which 50% will be
sold) can be sold as unbundled assets to the highest bidder ( does not need to be Indian )
5. This could raise around Rs. 25,000 crore for the COVID-19 effort
6. The only problem is getting buyers in this tough time for all prospective airlines
7.1.1.2 – SALE OF AIR INDIA
( OPTION NO. 2 )

The government is to make it’s already present offer for the sale of air India more lucrative
by the below means –
1. Allow buyers to rebrand and remodel air India and it’s assets with total freedom
immediately after the acquisition
2. Reduce the debt burden to be carried by the new acquirer of the company to only 10%
of the total debt ( meaning Rs. 5,828.3 crore out of the total Rs 58,283 crore debt ) from
the Rs 23,286 crore that was said previously
3. The rest of the debt shall be shouldered by the government in the form of a holdings
company ( worth Rs. – 52,454.7 crore )
4. The government can raise a maximum of Rs. 45,000 crore from this sale
5. The only problem is getting buyers in this tough time for all prospective airlines
7.1.2 – SALE OF LIC REAL
ESTATE ASSETS
1. The government is to sell 50% of Life insurance corporation of India ( LIC ) real
estate portfolio worth a grand net total of Rs. 70,000 crore to the highest bidder in
auctions
2. Bids can be placed online – the last bid will be given by July 9
3. Many of LIC’s properties are prime real estate in top cities like Mumbai central
and new Delhi
4. The government can thus easily earn Rs. 40,000 crore by selling half of it’s
portfolio , which will be used for the coronavirus relief fund ( the total assets of
LIC is estimated to be around a whopping Rs. 31,00,000 crore ! )
7.1.3 – PROFIT TRANSFERS
FROM LIC
1. 75% of the Profits that the Life insurance corporation of India ( LIC ) earned last
year are to be transferred to the central government ( government owns 100%
stake in LIC )
2. 25% of the profit would remain in the hands of the LIC itself to sustain and
ensure liquidity
3. The government can raise Rs. 22,500 crore by this scheme for the coronavirus
relief fund ( LIC recorded a profit of Rs. 30,000 crore in 2019 )
7.1.4 – PROFIT TRANSFERS
FROM ONGC
1. 80% of the Profits that the oil and natural gas corporation ( ONGC ) earned last
year ( the government’s stake in ONGC ) are to be transferred to the central
government
2. 20% of the profit would remain in the hands of the ONGC itself to sustain and
ensure liquidity ( and also because it is in the hands of the private sector )
3. The government can raise Rs. 89320 crore by this scheme for the coronavirus
relief fund ( ONGC recorded a profit of Rs. 1,11,650 crore in 2019 )
7.1.5 – PROFIT TRANSFERS
FROM IOC AND HP
1. The government stakes of the profits of the Indian oil company ( 52.1% ) and the
stake of profits of ONGC in Hindustan petroleum ( 51.11% ) for the year 2019
are to be transferred to the government
2. The government can raise Rs. 8801.774 crore from Indian oil ( out of total profits
of Rs. 16894 crore in 2019 )
3. The government can raise Rs. 3419.259 crore from Hindustan petroleum ( out of
total profits of Rs. 6690 crore In 2019 )
4. Totally , this means the government can raise Rs. 12,221.033 crore from both
these companies for the coronavirus relief fund
7.1.6 – PROFIT TRANSFERS
FROM NTPC
1. The government stake of the profits of NTPC ( 51.02% ) earned in the year 2019-
2020 will be transferred to the government
2. The government can raise Rs. 5,994.34 crore for the coronavirus relief fund ( out
of a total profit of Rs. 11,749 crore
7.1.7 – SALE OF RAILWAYS
REAL ESTATE
1. Vacant real estate in the hands of the railways ministry is to be sold in the private
market
2. The railways has already identified 45 vacant sites that could raise Rs. 42,000 crore
3. This was originally to be sold out in phases , but now all auctions will start by may
15 and the last bid would be by June 15
4. An additional Rs. 38,000 crore worth of land shall be identified and sold in these
auctions , raising Rs. 80,000 crore for the COVID-19 relief package
5. A minimum of 30% of vacant real estate will not be sold for future use
6. The Indian railways current owns real estate which is 22% larger totally than the
entire Indian state of goa
7.1.8 – SALE OF DEFENCE
REAL ESTATE
1. All real estate owned by the army , air force , and navy which is not needed for
any defence purposes is to be sold
2. The MoD is the second largest land owner in India with 7000 sqkm , or 17.3 lakh
acres of land ( 5 times the size of Delhi ) , most of which are vacant or
commercial plots in prime areas across the nation
3. If these where all to be sold , the government could definitely raise upwards of
Rs. 2,00,000 crore
4. Land to be sold would be identified by a joint panel from the ministries of
defence and finance and would be released by June 1 , bids start by June 10 and
end by June 30
7.2 – FISCAL POLICY
7.2.1 – CUT IN NEW DEFENCE
EXPENDITURE
1. The central government’s defence expenditure is to be cut to the bare minimum
needed to maintain the military personnel and equipment in the Indian military as
of now
2. No new equipment will bought for the year 2020
3. This means that the extra 7% defence budget allocation when compared to 2019
will not be implemented
4. This will result in savings of Rs. 32,996.46 crore ( 7% of 4,71,378 crore )
7.2.2 – CUT IN EXISTING
DEFENCE EXPENDITURE
1. The defence expenditure of 2019 levels is to be cut by 20%
2. This cut is to mainly come from a 25% cut in the salaries of all soldiers and a
30% cut for top officials for the current year alone
3. This cut could amount to savings worth Rs. 87,676.308 crore ( 20% of
4,38,381.54 crore , the defence budget of 2019
7.2.3 – CUT FOR PENSIONS
MINISTRY
( DEBATE – SHOULD THIS BE DONE , AS IT WILL
LEAVE LESS MONEY IN THE HANDS OF THE
VULNERABLE DEPENDENT PENSIONERS ? )
1. All pensioners’ pension is to be cut by 25% for the financial year 2020-2021
2. This could result in savings of Rs. 52,670.5 crore ( 25% of 2,10,682 crore )

NOTE – this includes both civil and defence pensions

7.2.4 – CUT FOR RAILWAYS
MINISTRY
1. The expenditure for the railways ministry in 2020-21 is to be cut by 10%
2. This cut is made up mostly by a cut in salaries of higher officials and not buying
any new equipment
3. This could save the government around Rs. 7,221.6 crore ( out of the total Rs.
72,216 crore allocated in the union budget for the current year )
7.2.5 – CUT FOR ROAD &
HIGHWAYS MINISTRY
1. There will be complete cut in new expenditure from 2019-20 to the current year
( no new expenditure for new roads )
2. This would save the government Rs. 8807.25 crore
3. The existing expenditure for the ministry will be cut by 25%
4. This would mainly be due to a cut in road maintenance expenditure
5. This would save the government Rs. 20,753.99 crore
6. Totally , these cuts can raise Rs. 29,561.24 crore
7.2.6 – CUT FOR SPACE
MINISTRY
1. The budget for the ministry of space is to be cut by 90%
2. This cut will mostly feature in no new equipment bought and a cut in research
expenditure – there will only be a 10% cut in the salaries of ISRO scientists and
workers
3. This cut in expenditure could save upto Rs. 12,131.1 crore ( out of the total
current expenditure of Rs. 13,479 crore ) for the coronavirus relief package
FOR DEBATE
Housing and urban planning , literacy and education , higher education – cuts will
yield lots of money , but is it good for the country in the long term ?
7.3 – DEBT
7.3.1 – ISSUING OF TREASURY
BONDS
1. The government is to issue Rs. 1,00,000 crore worth of treasury bonds in the
primary market
2. The value of one bond is Rs. 2500 and can be bought by anyone
3. The maturation time for this bond is 10 years and would have a guaranteed
coupon of 2% compounded annually
4. The coupon ( interest rate ) is adjusted to inflation ( e.g. - if there is an inflation
of 5% in a given year , then the interest paid by the government to the creditor
would be 7% )
5. Payment of interest starts from 1 year of purchasing the bonds
7.3.2 – LOANS FROM IMF , WB
1. India to ask for loans from IMF , world bank worth Rs. 50,000 crore for the
coronavirus recovery and relief fund
7.3.3 – FOREIGN AID FROM
GOVERNMENTS
( DEBATE – IS THE LOSS OF FACE WORTH IT ? )
1. India is to accept all non-conditional aid money from governments of other
nations ( except from china )
2. India is to accept all conditional aid transfers from allied nations’ governments
that have acceptable condition
3. This could raise a maximum of Rs. 5,000 crore for the coronavirus effort ( aid to
India is generally very less – India received only ₹2,144.77 crore in aid receipts
in the entire year 2015-2016
7.3.4 – FOREIGN AID FROM
NGOS , INDIVIDUALS
1. PM-CARES is to create a special branch accepting donations from foreign NGOs
and individuals
2. Widespread advertising will be done in areas from which people are likely to
donate the most
3. No aid / donations will be accepted from china
4. The government may receive a maximum of Rs. 5000 crore from this scheme
( thought it is likely to receive less than this number )
7.4 – MONETARY POLICY
7.4.1 – MONEY SUPPLY
1. Money that cannot be raised by other means will be printed by the reserve bank
of India ( RBI )
2. There is currently no legislation limiting the amount of currency the RBI can
print ( as long as there are assets in the bank worth Rs. 200 crore )
3. New legislation will be created limiting the amount the reserve bank can print
additionally in this current year alone ( financial year 2020-21 ) to no more than
5% of the GDP of India ( Rs. 9,50,000 crore )
4. This would help boost investor and citizen confidence in the rupee and ensure
that inflation does not make the currency worthless
7.4.2 – FOREX RESERVES
1. The government shall request the reserve bank of India ( RBI ) to sell the huge
amounts of foreign currency current saved in the bank in increments in return for
the Indian rupee
2. This simultaneously increases the supply of foreign currencies and decreases the
supply of the Indian rupee
3. This would help the Indian rupee to not devalue too much due to the increased
money supply ( reduces inflatory pressure )
7.5 – PHILANTHROPY
7.5.1 – STATE SMALL
DONATIONS
1. The all state governments are to establish separate new schemes for receiving and
distributing donations from the general public that are of less than Rs. 50,000 in
value
2. People wishing to donate can do so online ( a new website will be created ) or to
their nearest panchayat / ward office
3. Donators can choose which scheme ( No's 1 to 6 ) they want to donate for , and if
there is a need for funding , their money will be accepted
4. The mechanism of operations will be explained in further detail in No. 8
5. The government may raise a maximum of Rs. 20,000 crore ( most likely less than
this ) by this scheme
7.5.2 – CENTRAL SMALL
DONATIONS
1. The central government is to re-invigorate PM-CARES for receiving and distributing
donations from the general public that are of less than Rs. 50,000 in value
2. People wishing to donate can do so online ( a new website will be created ) or to
their nearest panchayat / ward office
3. This will be sent to PM-CARES main office and be distributed from there
4. Donators can choose which scheme ( No's 1 to 6 ) they want to donate for , and if
there is a need for funding , their money will be accepted
5. The mechanism of operations will be explained in further detail in No. 8
6. The government may raise a maximum of Rs. 10,000 crore ( most likely less than
this ) by this scheme
7.5.2 – LARGE DONATIONS
1. The central and state governments are to establish separate new schemes for
receiving and distributing donations from the general public that are of more than
Rs. 50,000 in value
2. People wishing to donate can do so online ( a new website will be created ) or to
their nearest collector office
3. Donators can choose which scheme ( No's 1 to 6 ) they want to donate for , and if
there is a need for funding , their money will be accepted
4. The mechanism of operations will be explained in further detail in No. 8
5. The government may raise a maximum of Rs. 5,000 crore ( most likely less than
this ) by this scheme
NO.8 – PREVENTION OF
FRAUD AND
CORRUPTION
8.1 – ANTI-FRAUD MEASURES
8.1.1 – AADHAAR LINKING
1. All direct cash transfers , loans , and rations given under this package will be
linked to aadhaar immediately after being availed
2. This is to prevent fraud related to double claiming and hoarding of the benefits of
these schemes by fraudsters
3. Those without aadhaar ids will not be able to claim any benefits
4. To be clear , aadhaar linking will be done for the below schemes –
1.1 , 1.2 , 1.3 , 1.8 , 3.1 , 3.2 , 3.3 , 4.1.1 , 4.1.2 , 4.1.4 , 4.2.1 , 4.2.2 , 4.2.4 ,
4.2.6 , 4.5 , 6.5
8.1.2.1 – PROOF OF PLIGHT
1. Persons who wish to claim ownership of a microenterprise or to prove that they
are unemployed for benefits must show at least minimal proof for the same
2. if a person claims that he owns a micro business , he must show a capital good
that he uses in the business ( e.g.. , a shoe polisher must show his shoe brush or at
least a used polish bottle )
3. If the owner does not own any capital , he must bring a signed letter from a
customer who he / she has served or from anyone who has witnessed them
conducting business
4. If a person claims that he is unemployed , he must show a signed letter from his /
her employer or contractor to show his / her previous employment
8.1.2.2 – PROOF OF PLIGHT
( CONTINUATION )

1. If there are cases that the unemployed person’s employer is not providing the
letter due to ulterior motives for exploitation , then the unemployed may file a
case against him / her , and will be investigated by the police
2. If claimants were not registered before , then the details of their profession will
be linked to their aadhaar so that they can not double claim any benefits
3. This will also help formalize their jobs under the law
8.1.3.1 – TAX EVASION
1. Many SME owners may reveal their entire income of the previous year that they
had hided in the name of tax evasion to avail more benefits ( loans and bailouts )
2. Such entrepreneurs who have been caught will be obliged to pay their tax with
due penalties under the IPC , but need not pay this amount immediately
3. The amount instead can be payed within the time period of 3 years from
conviction and in instalments of various sizes according to the ability of the
entrepreneur to pay
4. These instalments will be change with inflation , but will not incur any interest
5. Owners who fail to pay within these 3 years will see their properties seized by the
income tax bureau and it’s assets sold in an auction
8.1.3.2 – TAX EVASION
( CONTINUATION )

1. Once convicted , the accused will be given an id through which they can access
their profile in a new website under the income tax bureau of India
2. Here , they will be able to view the amount they need to pay adjusted to inflation
and how much they have already payed
3. This information will be secure and will not be public to not dissuade
entrepreneurs from disclosing their real incomes ( due to fear of a loss of face
among the public )
4. However , information regarding how much extra income was revealed and how
much tax money is due to the government will be open in the name of
transparency , and will be added to the gdp of India for the year 2019
8.2 – ANTI-CORRUPTION
MEASURES
8.2.1 – RANDOM CALLS
1. Registered recipients of aid will be randomly called ( 10,000 per day ) using
their phone number from their aadhaar ID and will be enquired whether they have
received the said benefits
2. If they report that they did not receive any benefits , an investigation will be
started against the entire branch of the ration / benefits outlet
8.2.2.1 – CORRUPTION
HOTLINE ACCESSIBILITY
1. People may report any corruption that they witness by calling the corruption
hotline or messaging it via SMS with evidence
2. the number shall be messaged to all active cell numbers in India in regional
language and English , be posted in noticeable places in ration shops , ward ,
panchayat , and collector offices and any other place where benefits are given ( in
regional language ) , and will also be advertised in all newspapers , regional
channels , news channels , and social media in the language of the medium
3. A COVID-19 corruption prevention website will also be created and will be
available in complete regional language as well as English and Hindi and for
smartphone , cell phone use as well as laptop , desktop use
8.2.2.2 – CORRUPTION
HOTLINE WORKINGS
1. Once a complaint has been lodged , a confirmatory notification will be sent to the
receiver showing that the complaint has been received with details
2. If there is insufficient evidence in the complaint or if the crime is not specified
enough , then an error message will be sent to the receiver saying them the above
and how to proceed next
3. Investigations on the
8.2.2.3 – CORRUPTION
HOTLINE TRANSPARENCY
1. Notifications regarding the proceedings that are taking place on regard on the
accusation of corruption by the complainer will be regularly messaged to the
complainer’s phone number ( automated message )
8.2.3.1 – SURVEILLANCE AND
SOCIAL MEDIA
( OPTION NO.1 )
1. Surveillance cameras are to be set in all government benefit outlets in a way that overlooks the
clerks of the outlets to survey their proceedings and to check whether they are involved in any
corrupt practices
2. Footage shall be livestreamed in social media ( backup will also be taken automatically )
instead of going through higher authorities so as to prevent the risk of higher level ignorance
or double corruption
3. This method would also improve transparency and boost the confidence citizens have in the
government
4. However , many govt. servants may feel an invasion of privacy or worse , may feel that they
are being treated as criminals , which would severely dent morale
5. There is also a risk of false conviction ( a paper may be mistaken for money bills )
6. Feasibility is also an issue ( the scale of footage that would needed to be livestreamed
8.2.3.2 – SURVEILLANCE AND
AI
( OPTION NO.2 )
1. Surveillance cameras are to be set in all government benefit outlets in a way that
overlooks the clerks of the outlets to survey their proceedings and to check
whether they are involved in any corrupt practices
2. The footage will be surveyed by artificial intelligence that would be able to detect
any possible petty corruption
3. These convicted footages will be sent to higher officials and re-checked to avoid
false conviction
4. If proved guilty , then the footage will be released in social media and the
appropriate anti-corruption measures will be taken by authorities
5. Lack of privacy and double corruption by higher officials are the problems
8.2.4 – DONATION
ALLOCATION TRANSPARENCY
1. The government is to ensure transparency of allocation of funds from donations
to encourage donators to donate more and prevent any corruption
2. When donations are given in panchayat / ward / collector offices , the donator
will be asked to mention 3 schemes which they would prefer their money to go
( in descending preference )
3. Notifications regarding the movement of their money will be sent frequently
( auto-generated ) and once the money has reached the hands of donate , his / her
phone number will be provided so that the donator can personally enquire them
whether they had received the benefit or not
4. If not , or if the donator suspects fraud in the donatees response , then he /she can
file a complaint to the special police that will be handled by the special court
NO.9 – LOGISTICS OF
THE SCHEMES
NOTE
1. only 3.1 , 3.4 , 3.5 , 4.1.2 , 4.2.4 , 4.3 , 4.4 ( if done ) , and 6 will be carried out
directly by the RBI and central government( including it’s subsidiaries SBI and
LIC )
2. The rest of the schemes will be done by the district governments under the state ,
funding for which will be given to the respective governments as central transfers
3. All money raising , except donations , will be done by the central government
4. State and municipal governments are free to raise their own money for any project
that they are doing in addition with the centre’s COVID-19 package
5. There will be strict surveillance from the centre in regard to implementation of the
schemes , and transparency guidelines set by the union must be observed in all states
9.1 – HIRING OF CLERICAL
HELP
1. The government shall hire unemployed clerks and bankers to keep up with the
clerical and logistical challenges that the new programs would need
2. The salary of these clerks shall be decided by what work and how much work
they do
3. The number of benefactors of this scheme would be a maximum of 0.5 lakh
4. Assuming the average wage of the new clerks would be Rs. 20,000 / month , this
scheme would cost the government around Rs. 300 crore
9.2.1 – HIRING OF LEGAL HELP
1. The government shall create new special courts to handle with the extra legal
burden that chapter No. 8 will create
2. Judges will be appointed by the government from the ranks of retired judges
3. Retired lawyers and unemployed junior lawyers will be encouraged by the
government to work in these courts
4. The new courts would be entirely virtual , and practicing lawyers may register ,
receive cases and interact with their clients through a new website to be created
by the judiciary of India
5. Important cases that are beyond the scope of the digital sub courts will be
allowed to be moved to real existing courts
9.2.2 – HIRING OF LEGAL HELP
( CONTINUATION )

1. The creation of these new courts are to facilitate the swift prosecution of COVID-
19 fraud , corruption , and cheating cases without delay so that justice can be
delivered to the affected quicker
2. Awareness will be created of the existence of these courts through advertisements
in newspapers , tv channels , social media , and in benefit giving outlets so that
people can access the courts in the case that they witness COVID-19 related crimes
3. The new courts would employ a maximum of 0.2 lakh lawyers , who are self-
employed , and 1000 judges , who will be payed a salary of Rs. 70,000 / month for
3 months , thus costing the government Rs. 21 crore
4. The government will fully bear the cost of Lawyers fees for those who cannot
afford it ( proof should be shown for the same )
9.3 – HIRING OF EXECUTORY
HELP
1. The government will form a new COVID-19 police force to ensure the smooth working of
society during the time by ensuring social distancing measures in workplaces and public
spaces
2. Police from this force will be used to survey social distancing measures in large factories
and enterprises that was mentioned in chapter No. 2
3. The state governments will hire an approximate 5 lakh additional policemen for this
special police force ( salary money will be transferred from central govt. )
4. Ex-servicemen will be hired for higher positions and eligible people who had applied for
police service but were rejected and people who are undergoing IPS or police training in
police universities will be recruited for lower positions
5. Assuming an average salary of Rs. 40,000 / month for the next 3 months , this will cost the
central government Rs. 6000 crore in transfers
 NO. 10 – CALCULATIONS ,
CITATIONS AND ACCURACY
1.1 , 1.2
1.1 – Rs. 2000 * 26.7 crore = 53,400 crore ( source – 2011 census of India ) , + / - 5 %
costs accuracy
1.2 – existing plan – Rs. 40,000 crore spent on 5 kg rice / wheat per person + 1 kg
pulses to be given per family , cost - Rs.5000 crore , total Rs. 45,000 crore
Revised plan – Rs. 40,000 crore + 3 kg per family ( ¾ kilo per person if family of four )
meaning 5000 * 3 = Rs. 15,000 crore , so total = Rs. 55,000 crore
( source - https://
economictimes.indiatimes.com/news/economy/policy/govt-to-provide-5-kg-grains-1-kg-pul
ses-for-free-over-next-3-months-fm/articleshow/74827003.cms
) , + / - 10% costs accuracy
1.3 , 1.4
1.3 – urban households = 5.5 crore , 28 % of urban households live in rental homes ,
at least 85% of those homes would have a rent below Rs. 5000 ( assumption ) ,
meaning – 5.5 * 0.28 * 0.85 = 1.309 crore households benefit * 9000 = Rs. 11,781
crore
Sources - Urban household info – census of India , % of urban families living in
rental homes - https://
www.livemint.com/Politics/ixPbHQK7HGSOpUnoZnu7lO/Only-28-of-Urban-India-
lives-in-rented-houses-Economic-Sur.html
Accuracy - + 10-20 % , not - , because of expansion of number of households in
urban areas ( 2011 census data is old )
1.4 – purely assumption , cannot be more than Rs. 8000 crore
1.5 , 1.6
1.5 – amma unavagam loss – Rs. 60 lakh / month , Rs. 180 lakh in 3 months , 180/5.96
( tamilnadu pop as % of India pop ) = 30.2013 * 100 = Rs. 3020.13 crore
Sources – loss - https://
www.moneycontrol.com/news/india/amma-canteens-heres-why-they-have-fallen-into-
distress-2509551.html
, percentage , 2011 census
Accuracy – very arbitrary , + 10 – 1000 % costs can be possible ( lower limit because
pushcarts do not need much capital expenditure )
1.6 – April 2020 unemployed = 12 crore * 3000 = Rs. 36,000 crore
Sources – unemployment rate - https://www.bbc.com/news/world-asia-india-52559324
Accuracy – April unemployment likely to be peak , - 10 – 80 % costs possible
3.1 , 3.2
3.1 – Rs. ( 3000 * 20,00,00,000 * 0.1) + ( 330,000 * 1,00,00,000 * 0.1 ) = 6000 +
36000 = Rs. 42,000 crore , assuming a medium enterprise has an average turnover of
Rs. 30 crore and small enterprises Rs. 1 crore , thus accuracy is low and numbers
could go as high as 400% this value
3.2 – number of micro enterprise = 6.34 crore , number of micro workers = 11.13
crore , number of micro employees = 4.79 crore , owner wage – 6.34 * 4000 = Rs.
25,360 crore , worker wage – 4.79 * 2000 = Rs. 9580 crore , totally , Rs. 34940 crore
Sources for both 3.1 and 3.2 -
https://indianexpress.com/article/explained/coronavirus-india-lockdown-msme-secto
r-crisis-government-relief-package-6395731
/
Accuracy for 3.2 – 2017-18 data , so + 10-15 % costs possible
3.3
3.3 – industrial consumption = 4,26,665 GWh , commercial consumption = 98,333 GWh ,
total = 5,24,998 GWh , 340,000 SMEs , 1 unit = 1 kWh , first 150 units = Rs. 5.00 , 150-
400 units = Rs. 5.30 , after 400 = Rs. 5.60 charge as all India average
340,000 * 150 * 3 = 1.53 * 10^8 ( 1st bracket ) , 340,000 * 250 * 3 = 2.55 * 10^8 ( 2nd
bracket ), add both = 4.08 * 10^8 , minus with total consumption , 5249.98 * 10^8 – 4.08 *
10^8 = 5245.9 * 10^8 ( 3rd bracket )
1.53 * 10^8 * 5 = 7.65 * 10^8 ( 1st bracket ) , 2.55 * 10^8 * 5.3 = 13.5 * 10^8 ( 2nd bracket ) ,
5245.9 * 10^8 * 5.6 = 29377.04 * 10^8 ( 3rd bracket ) , total = 29398.19 * 10^8 i.e ,
2,93,981.9 crore / 2 = Rs. 1,46,990.95 crore
Sources - http://chdengineering.gov.in/pages/elex.htm , accuracy low – likely lower number
by -20 – 30 % due to micro enterprises not being counted ( the more expensive 3rd bracket
size overestimated heavily due to less number of enterprise taken into consideration )
3.5.3 , 4.1.1 , 4.1.2
3.5.3 – existing idea , taken from the Hindu
Source - https://
www.thehindu.com/opinion/editorial/lives-and-livelihoods-the-hindu-editorial-on-ec
onomy-after-lockdown/article31312536.ece
4.1.1 – Rs. 4000 * 3 * 3.8 crore = Rs. 45,600 crore
Source – unemployment estimates in future - https://
economictimes.indiatimes.com/jobs/coronavirus-impact-may-render-3-8-crore-peopl
e-jobless-in-tourism-hospitality-sector/articleshow/74709878.cms?from=mdr
4.1.2 – I sincerely forgot how I arrived a this number
4.1.4 , 4.2.1
4.1.4 – Rs. 2000 * 3.36 crore * 3 = Rs. 20,160 crore , assuming 80% of the workers
work in micro sector
Sources - https://www.hospitalitynet.org/opinion/4097673.html , moderate accuracy
as micro % is an assumption ( not able to find any data ) , + / - 10%
4.2.1 – 16 lakh buses * 2 ( conductor + driver ) * 15,000 = Rs. 4800 crore
Sources -
https://www.intelligenttransport.com/transport-articles/21458/city-public-transportati
on-india
/ , accuracy – unable to get accurate and reliable data on number of conductors and
drivers , so buses * 2 was taken – low accuracy , + / - 20% costs
4.2.2 , 4.2.6
4.2.2 – 61.2 lakh * Rs. 5000 * 3 = Rs. 9180 crore
Source - https://
www.iru.org/resources/newsroom/driver-shortage-trucking-industry-india-perspectiv
e
, reliable truck drivers data unavailable , 28 % of India's 8.5 million trucks are
allegedly driverless , so there are 61.2 lakh lorry drivers in India . Accuracy –
moderate , + / - 10% costs probable
4.2.6 – 14050 * 0.5 * Rs. 10,000 * 3 = Rs. 21.075 crore , assuming 50% lose their
jobs
Source - https://economictimes.indiatimes.com/industry/transportation/airlines-/-
aviation/more-demand-than-supply-of-talent-in-aviation-sector-teamlease-data/articl
eshow/68680841.cms?from=mdr
, moderate accuracy , + / - 10%
4.5.1 , 4.5.2 , 5.1
4.5.1 – Rs. 4000 * 3 * 9 crore = Rs. 1,08,000 crore
Sources - https://
www.thehindubusinessline.com/economy/agri-business/how-many-farmers-are-there-in
-india-government-has-no-clue/article30614882.ece
, accuracy – very accurate , if initial 14.5 crore count is not used
4.5.2 – purely speculation , the government cannot give more relief than Rs. 75,000
crore , but now that the lockdown is over , the numbers maybe – 50-60% of this
number
5.1 – the market capitalisation of NSE is 58% of the entire Indian economy , thus loans
based on it are not feasible
Source -
https://economictimes.indiatimes.com/markets/stocks/news/these-charts-tell-you-where
-the-money-is/market-cap-to-gdp-ratio/slideshow/74672905.cms
6.2
6.2 - $40,400,000 * 75.24 ( exchange rates as of 12-05-2020 ) / 2 = Rs. 151.98 crore
Source -
https://www.prnewswire.com/news-releases/personal-protective-equipment-ppe-mar
ket-size-is-expected-to-reach-usd-58-700-million-by-2025--
valuates-reports-301035829.html
Accuracy – the market size shown is of 2017-18 , the size is likely at least 500%
more than this value , thus the value is likely to be + 400/600% more than this value
Thank you to the government of india and
Everyone else who took their time to read
And consider these ideas