The central government may soon announce another relief package of Rs 2.5 lakh crore for the industrial sector. In the relief package, along with the concession in GST, interest free loans to small traders are being considered. There will be an emphasis on industries which provide employment on a large scale. According to information received through the sources, in this package that comes before the end of the lockdown, the government can declare benefits like tax exemption and low interest loans to manufacturing, aviation and MSME sectors. The government wants to ensure that the employment crisis does not arise in any way.
Appeal to give conditional interest free loan
There has also been an appeal to increase coordination between the state and the Centre so that the rules and regulations proposed can work effectively. In view of the income tax returns, an appeal has been made to give conditional interest-free loans to the industry that have a turnover up to Rs 500 crore. The condition for taking advantage of this scheme is that the businessmen will not be able to remove their employees for one year.
The government has been told that 53% of Indian businesses started having bad effects in the early times of the corona epidemic. The latest FICCI survey said that the order book of companies is expected to fall by 73%. At the same time, there are signs of cash flow decreasing by 81 percent. The government has also been recommended to postpone all types of taxes including GST for the next six months. Demand has also been made that there should also be a provision to immediately give the amount of the industries trapped in government departments back to them so that it can be used during this crisis.
In India total cases rise to 5734; death toll reaches 166
In India, the Corona virus has infected 5734 people across the country so far. According to the latest data of Covid-19 patients, 17 people have died in the last 24 hours due to infection in India. As of Thursday morning, the death toll from the Corona virus has reached 166. According to the latest data from the Ministry of Health, Maharashtra has the highest number of deaths due to corona virus at 72. Currently, there are 5095 active cases of Corona viruses in the country. On the other hand, to prevent community spread of the virus, 15 districts of UP have been sealed. Provisions for sealing many other districts or provinces in Noida, Delhi and other hotspot centres are also being done.