The authorities might give you an financial package deal to forestall the COVID-19 pandemic from inflicting main hurt to the financial system. Finance minister Nirmala Sitharaman stated as a primary step they have been addressing the compliance associated points and an financial package deal overlaying problems with concern to the business could be introduced individually later.
“The economic package is going to be announced soon,”Sitharaman stated whereas saying a set of compliance associated points together with extension of dates for submitting IT and GST returns.
Earlier within the day the FM gave a sign concerning the package deal in a tweet.
“Even as we are readying an economic package to help us through the corona lockdown (on priority, to be announced soon) I will address the media at 2 pm today, specifically on statutory and regulatory compliance matters via video conference,” stated the tweet of the finance minister.
The Indian financial system that had already slowed down earlier than the outbreak of coronavirus, is in for a tougher interval within the coming months with companies nearly coming to a standstill. The finance ministry and the RBI have taken a number of steps to make sure that liquidity within the system stays intact. But Industry has known as for extra stimulus measures to combat despair like circumstances setting within the financial system.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)