Earning Assurance for households and unemployed people

         Present condition of covid-19 pandemic what will be the new earning assurance plan presentation here - 

Three type of stress in our economy. 

1. Size of government borrowing is increasing. It's ultimately burden on public in upcoming years. Government will recover by imposing taxes.

2. Conditions of financial & lending institutions like banks & NBFC (Non banking financial institutions ) are in stress because recovery of loans will be more challenging then ever.

3. Households and unemployed people conditions also very challenging because due to lokdown & covid-19 infection fear hurt their livelihoods. 

So present scenerio solutions are possible by Economic and Employment method of Gopal Maheshwari that by which process and planning households and unemployed people's earnings will start this will be beneficial for both banking & government revenue purpose.

But a new idea can provide extra regular income to households so need to use gold, platinum or other precious metals as side currency. Bank should accept deposit and lending in gold platinum and precious metals termology. If 10% of household gold or precious metals deposited in banks then GDP may expand 7% in developing countries and 2% to 3% growth in developed economies. Many big countries may attracts  gold and precious metals in tonnes. When any household earn regular interest on gold  or precious metals  then this extra earning will boost demand of the economy short to long term.

Present time world is facing GDP contrast by covid-19 hit. USA,  India & Brazil  are most affected nations so I am providing possible solutions in this scenario.

A. Government can create bulk employments under indirect tax department. I will explained in detailed information in next blog post.

B. Government can create bulk employments by boosting banking. Banks are now facing non performing loans, cost of borrowing and smooth liquidity facilities so this problems can short out by accepting gold , platinum and other precious metal deposit and lending on interest in banks. I will explain how government can use metals as parallel currency to boost economy and currency.  metal attrition will be minimum.

C. Government can create bulk employment by using Gopal Maheshwari method on stressed enterprises management. 

First Use gold or precious metals  as currency to strengthen indigenous currency  against other foreign currencies. Gold near house hold can play important role for economy. Government should allow to add a gold transaction law for term deposit and gold term lending in banking system. Need to add a section of gold measurement in All types of savings, Current and dollar account. then make a deposit center of gold inside or outside of the bank. Give interst of gold term deposit in gold measurement. like 100 gram gold saving account interest 2.5 gram of annual interest. people are free to deposit & withdraw any time. Need to start gold term time deposit like   Fixed deposit, Bond, debenture etc. When house hold earn revenue by deposit metals in banks this is beneficial for economy.  One side household earn money & boost demand,  Other side banks get more space to lending this is good for banking health.

        Limit of the physical gold transaction fix 5 gram for individual to individual and 50 gram for individuals purchase from resistered business entity. More then it first deposit in bank account then transfer via cheque or e-transaction. 

Start gold term loan as 100 gram lending interest 6% per annum. Thus central reserve bank will get benifit through gold reserve ratio  near 4%  without interest like CRR (cash reserve ratio)  in cash deposit to bank , government will get statutory gold ratio in low interest rate  like SLR  (statutory liquidity ratio) near 18% , banks get more fund for lending, public get more choice for earning. Corporate and MSME enterprise get gold term loan which is beneficial at time of downtrend prices. allow after six month gold term lending change in rupees and rupees lending in gold. If in next five year banks will become successful to attract gold term deposit and lending then Indian economy may touch 10 trillion dollar in next 5 years. Last conclusion Use gold as currency.

Covid-19 hit USA economic issues create unstability in jobs & new employment generation. So I want to say that USA govt should apply Economic and Employment method of gopal maheshwari for increase tax revenue. Create new 5 millions jobs in service sector within 90 days in minimum investment. These jobs are unaffected by recession and company failure. These are Life long earnable jobs. This theory will reduce corruption and black money.  Citizens of USA will became more aware and accountable. So need to work together federal and provinces governments.

Second use Indirect tax back method to generate bulk employment that may be near 1.5% of that country population. It will be a big reform that will change scenario of matginal people to government.  I have already mentioned in my last blogger post about 55 big countries jobs creation numbers. 

BIG REFORM NEED ......