New Delhi: All efforts are being made by the government to minimize the damage to the country’s economy due to corona virus. On Thursday, PM Modi in his address spoke of the covid-19 Economic Response Task Force headed by Finance Minister Nirmala Sitharaman. Today, the Finance Minister held a meeting with top officials of the concerned departments and assessed the damage from Corona.
The Finance Minister said that the impact of the Corona Virus epidemic on tourism, aviation, animal husbandry, MSME was assessed with the concerned ministries. The meeting held in New Delhi was attended by Finance Secretary, Secretary of Ministry of MSME and Secretary of Ministry of Finance. Minister of State for Tourism Prahlad Singh Patel also attended the meeting to discuss the tourism industry.
According to the information, the government is considering giving relief in loan payments to micro, small and medium enterprises (MSMEs). This includes allowing late payment of debts and other liabilities. After meeting Finance Minister Nirmala Sitharaman, an official said, “We discussed various measures including financial support … extending the repayment period to make things easier as it may be.” Issues related to GST were also discussed.
