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    Home»Others»CII bats for sustainability of business during lockdown
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    CII bats for sustainability of business during lockdown

    Finance KhabarBy Finance KhabarMarch 27, 2020No Comments1 Min Read
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    New Delhi: As the nation battles the outbreak of novel coronavirus, the Confederation of Indian Industries (CII) has stressed the need for ensuring smooth supply of essential goods and continuity and sustainability of businesses during this challenging time.

    “It is crucial to ensure that the lockdown of the country is as painless as possible. We acknowledge a series of landmark initiatives being introduced by the government on a continuous basis to reduce the pain of society and the economy. We appreciate various measures undertaken by the government to facilitate the sustainability and continuity of businesses in the country. CII shall continue supporting the government in its initiatives by providing regular feedback from the industry,” said Chandrajit Banerjee, Director General, CII.

    CII has suggested various measures to ensure that the lockdown is painless. It said that transportation bottlenecks should be removed for suppliers of essential commodities and services.

    It further suggested: “There is also a need to waive off the late fees on delayed filing of bills of entry, demurrage and detention charges on the traders. The ICEGATE should also be updated not to calculate late filing fees up to April 30.”

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