GOI can explore the possibility of a CSR policy( Sec 135 of Cos Act) for 1% transfer from Promoter shares for publicly listed companies making it a Voluntary wealth redistribution by industrialists for common good of Below poverty line people estimated at about 4 to 7 crores in India & GOI can start with 2% of PSU listed Companies , to a Trust similar to SUUTI or PM Cares fund - may be IEPF (Investor Education and Protection fund can also be deployed)and the great ripple effect it can have on Gini coefficient etc due to such CSR route to Wealth redistribution
The COVID-19 pandemic has taught us valuable lessons about resilience in business. One key takeaway is the importance of conserving cash and other resources that may become scarce during challenging times. Businesses must prioritize financial prudence to sustain operations and navigate uncertainties effectively. This approach not only helps in weathering immediate crises but also positions organizations for long-term stability and growth. Reflecting on these lessons can guide future strategies and enhance preparedness for any unforeseen events.
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