11.8 C
New York
Thursday, June 17, 2021
HomeTrendsFinance Minister will soon announce relief package for Coronavirus affected sector, aviation-tourism...

Finance Minister will soon announce relief package for Coronavirus affected sector, aviation-tourism sector will be benefited

  • The Finance Minister will meet on Saturday to prepare an action plan to deal with the crisis

Finance Minister Nirmala Sitharaman will soon announce an economic package for the Corona virus affected sector. However, no deadline was announced for the announcement of the economic package. The financial package is being finalized by the Finance Minister. She had a meeting with the Finance Secretary of the Ministry of Tourism, MSME, Civil Aviation, Animal Husbandry Sector and Secretary of Economic Affairs. In which there was discussion about the economic package for the corona virus affected sector. She said that the ministry will meet on Saturday to prepare an action plan to deal with the crisis.

Animal Husbandry Industry badly affected
Animal Husbandry, Fisheries and Dairy Minister Giriraj Singh said after the meeting that the animal husbandry industry was badly affected due to the corona virus epidemic. We discussed various measures. This includes debt restructuring. This can help people working in the field. Due to Corona virus, the country’s poultry industry owes Rs 1.5 lakh crore. More than a million small farmers are directly involved with this, while crores of people are indirectly dependent on this area. Significantly, PM Modi said in the name of the nation on Thursday that the government has decided to form the covid-19 Economic Response Task Force. The task force is headed by Finance Minister Nirmala Sitharaman.

Government will help 12 thousand crores
The government can help the aviation sector by 12 thousand crores. According to the news agency Reuters, the Finance Ministry is considering several proposals. This includes several other measures including immediate relief from aviation fuel tax. Aviation advisory company CAPA India has reported in a report that other companies except Air India are estimated to incur a loss of $ 500 to 600 million in the January-March quarter. Indian airlines can stop about 150 aircraft from operating at the initial stage if the demand is not met. Let us inform you that currently six big domestic airlines have a fleet of about 650 aircraft.

The loss from foreign tourists is $ 28 billion

The Tourism Committee of CII has assessed the impact of the corona virus epidemic on the tourism industry. According to this, the number of foreign tourists visiting India from October to March is 60-65 percent of the annual arrivals. India earns more than $ 28 billion from foreign tourists. According to the report, news of corona virus epidemic started coming from November and after that the cancellation of travel tickets, hotel bookings etc. started. Now the cancellation of bookings at several Indian tourist destinations has reached an all-time high of 80 per cent in March.

Government fixed the price of sanitizer, mask
To prevent the outbreak of Corona virus, the government has fixed the price of sanitizer and face mask. Union Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan said in a tweet on Friday that since the outbreak of coronavirus, the market has seen a huge rise in the prices of various face masks, ingredients used in its manufacture and hand sanitizer. Therefore, the government, taking it seriously, has fixed their prices. Paswan said that under the Essential Commodities Act, the retail price of 2 ply masks would not be more than Rs 8 per mask and the price of three ply masks would not exceed Rs 10 per mask. The Union Minister said that the retail price of a 200 mL bottle of hand sanitizer will not exceed Rs 100. Other sizes of bottles will also be priced in the same proportion. These prices will be applicable throughout the country till June 30, 2020.

READ  "Digital India", Not A Far Fetched Dream Anymore.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

%d bloggers like this: