"Distribution strategy is a vital basis supporting growth," it also said.Īs a specific step to promote the digitalization of local regions, the panel suggested legislation to set rules for better use of drones and robots to deliver food and commodities in rural areas with limited means of transportation. "Only after distributing (profits) to their employees in the form of wages would consumption expand," the panel said, adding that should there be a rise in consumption and growth in demand, "corporate profits would further increase, leading to (more economic) growth." It has been pointed out that under the current tax break incentive system, companies posting deficits and not paying taxes cannot receive the benefits even if they raise wages. To facilitate pay hikes, the panel said some subsidy programs should be contingent on businesses agreeing to raise their employees' wages. "Through discussions there, we will draw up a 'grand design' and measures to put it into practice in spring next year, and introduce them to the world," he said. Kishida said at a meeting with the panel members that he will set up three subordinate committees soon to help hammer out policy details. Kishida, who became prime minister about a month ago and led the ruling Liberal Democratic Party to victory in a general election in late October, instructed the panel last month to come up with suggestions for the stimulus plan.
The panel proposed the same day a fresh stimulus package to get the coronavirus-hit economy back in shape, including beefing up support for companies actively raising employee wages. He expressed confidence that the party high command will address the issues that he had raised a year ago.Japanese Prime Minister Fumio Kishida (2nd from front) speaks at a government panel meeting on economic policy at the premier's office in Tokyo on Nov. On the Cabinet reshuffle, Pilot said the party will take a decision taking into consideration factors like “experience, credibility, performance, regional balance and caste combination”. I think at the right time, AICC general secretary Mr Maken will take the appropriate decision viz-a-viz Rajasthan,” he said. “I am happy Mrs Gandhi took feedback from all of us. For the past 20 years, whatever job I have been assigned, I have done it diligently, with all my dedication and effort, and now also whatever the party decides, what role I have to do… I am happy to do that.” On taking up a national role, Pilot said, “Whatever the Congress party wants me to do, I am more than happy to do. I gave her my feedback about the political situation in Rajasthan, the functioning of the government and the organisation and what all we should do… we should work even more harder to win the mandate of the people again in the elections, which are just about 22 months away,” Pilot said after the meeting. “I had a very good meeting with the Congress president.
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