: Crowd-funding for economic revival: CII #FinanceIndia #StockMarketNEWS #Business NT NETWORK Panaji With the ongoing pandemic crisis hitting the economy of the state badly, CII-Goa chairman Blaise

@StockMarketNEWS Mon 07 Sep, 2020

Posted in: #Business #FinanceIndia #StockMarketNEWS

Crowd-funding for economic revival: CII #FinanceIndia #StockMarketNEWS #Business
NT NETWORK

Panaji

With the ongoing pandemic crisis hitting the economy of the state badly, CII-Goa chairman Blaise Costabir has suggested crowd-funding to kick-start revival.

He said that revival of the economy can only come about by increased spending by the people and suggested higher spending from financially well off residents of the state.

Urging well-off Goans to spend, Costabir said, “If you have money instead of holding cash please spend your money. This way the economy will crank up and GST will flow to the government. Don’t depend on the government. This is what I call crowd funding by the people to push the economy towardsrevival.???

The CII-Goa chairman said that Goans need to step up spending on local products and higher spending can be on the simplest of products such as local vegetables.

He also asked residents to start their own business, especially Goans who have come back from overseas to the state after losing their job.

“Anyone can start their own business. Have garden at home, raise chickens. Or start bakery business from the home kitchen,??? he said.

According to Costabir, Goans need to start own businesses as they wait for the economy to revive.

A person may have to go back to work after the economy revives but others in the family can continue with the business and it will result in the creation of an enterprise, he explained.

The CII-Goa president was speaking on a social media programme on Tuesday where he was expressing his views on economic revival. He said that with the pandemic shutting down physical classes in schools and colleges it is all right to consider 2020-21 as a “gap year.???
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