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Q.

How can the government help beat recession?

Asked by clone game, 18 Dec '08 12:03 am
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Answers (17)

1.

Government should cut down all non productive expenditure with immediate effect .
Private Sector should also restrain expenditure for non productive purpose.
Create fund for agriculture loans with low interest rate. Say 2% simple interest. For this, collect Rs.100.00 from all the citizens. This should be collected for next one year and the same should be managed by persons who are transperent in their dealings.(a trust managed by good persons with clean hands)
Proovide funds for infrastructure development as this is the best time to create employement and develop infrastructure.
Home loans should be restricted to Rs.10.00 lakhs only.
If required, write from the president of india to the last peon a cut in salary by 25% to 50% should be taken so as to avoid lay offs.
As the export sector is not likely to pick up in the short run, divert the production to local market without stopping production so as to avoid unemployment.
Answered by venkatarao kailas, 19 Dec '08 11:21 am

 
  
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2.

The economis--recession cannot be beaten overnight but can be solved by the proper--planning taking into account lots of factors having an impact on the society and hence perfect implentation of the nicely--documented policies. The masses, rather, eash one of the indian citizen need to cooperate with the government in every key aspect and only ten recession can be kept at bay.
Answered by j satnar, 19 Dec '08 02:18 pm

 
  
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3.

Government may cut the interest at 5 to 6%
Answered by Amit Kamble, 19 Dec '08 02:04 pm

 
  
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4.

Put stress on agriculture and i.t.
Answered by SAIRA, 19 Dec '08 02:02 pm

 
  
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5.

Taking appropriate fiscal measures
Answered by HARIJIBAN BANERJEE, 19 Dec '08 01:52 pm

 
  
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6.

All these days we were seeing inflation and now the trend is totally reversed and the recession has set in. The recessionery trend can be reversed only when people start spending, so the government should enthuse people to spend.

Spends by people in FMCG, healthcare, hospitality, travel and tourism or any other sector where cycle of money rotation is faster, can give a boost to the economy.

Many knowldgeable people are advocating curtailing of expenses, I strongly differ in this aspect. Curtailing expenditure is to reduce inflation, we have to do the exact opposite for overcoming recession.

In my opinion, until such time the world economy revives, our country cannot expect anything different. Almost 40 - 50% of industries in Peenya, Bangalore have come to a stand still, if people / government do not spend to buy the products manufactured by these industries, they will eventually get closed. But the big question is where is the money to spend? Hence the government should unear ...more
Answered by RAVINDRA SITARAM, 19 Dec '08 01:47 pm

 
  
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7.

Take a Dandaa in hand and start beating
Answered by nagendra kumar pathak, 19 Dec '08 01:26 pm

 
  
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8.

Let the government reduc,the recession will evoporatee its wasteful expenditure,and all freebies, work without salary and perks
Answered by Chandrasekhar, 19 Dec '08 01:14 pm

 
  
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9.

By strong and bold economic meseaures, as already been taken
Answered by A KChaudhury, 19 Dec '08 12:51 pm

 
  
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10.

Dear Next budget we can expect some price reduce.
Answered by Vasudevan Govindarao, 19 Dec '08 11:51 am

 
  
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