1. Too late, the economy should be given a big financial boost. With such incentives, money will go into the hands of people and demand will increase.
2. 20 to 30 percent of the families at the bottom of the economy should directly go for at least six months in their hands.
3. A scheme to revive micro, small and medium enterprises (MSME) should be implemented so that the closed units can reopen, the finished jobs resume and new to those who have average education and skills. Jobs can be generated.4. Tax rates, especially GST and other indirect tax rates (ie petrol and diesel tax rates) should be cut.
5. Government capital expenditure should be increased.
6. Money should be channeled to public sector banks and encouraged to give loans without fear of monitoring agencies on every loan.
7. Protectionist policies should be abolished, reconnect with the world, bilateral trade agreements with more and more countries and prejudice against imports should be abandoned.
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8. Sector-specific revitalization packages should be made for telecommunications, electricity, mining, construction, aviation and tourism and hospitality.
9. Review the amendments made in the tax laws and cancel the amendments which are widely considered as tax terrorism.
10. Those rules made by RBI, SEBI, TRAI, CERC and other regulatory agencies should be reviewed in a detailed and timeframe, which were widely seen as over-regulation.