Relief measures announced by FM Nirmala Sitharaman in line with industry expectations: PHDCCI
Looking forward to a financial package sooner than later
cityairnews
Mar 25, 2020 06:48
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New Delhi: Various relief measures announced by Finance Minister, Smt. Nirmala Sitharaman, are in line with the industry expectations. These measures will go a long way to address the issue arisen from the Impact of Covid-19, said Dr D K Aggarwal, President, PHD Chamber of Commerce, in a press statement issued here today.
We appreciate the proactive and combative measures undertaken by the Minister for a sustained economic health, like extending the last date of filing the Income tax returns for the Financial Year 2018 - 19 to 30th June 2020, reducing the interest rate for delayed payments to 9% from 12% for delayed payments; extension provided to the Vivaad se Vishwas Scheme till the 30th June 2020 and no interest, penalty and late fee to be charged for companies with a turnover of less than Rs 5 crore, among others, said Dr Aggarwal
Going forward, we suggest the government to provide a financial package which should support the businesses in terms of availability of liquidity, working capital and to meet up the maintenance of employment in their respective businesses, said Dr Aggarwal.
