New Delhi, June 10
In the backdrop of long standing demand of the workers’ organisations, the Centre has extended coverage under the Employees’ State Insurance scheme to all casual and co
ASSOCHAM seeks wage support, interest subvention to help industry face Covid challenges
ASSOCHAM seeks wage support, interest subvention to help industry face Covid challenges
Last Updated: Thu, Jun 3rd, 2021, 13:02:57hrs
New Delhi: Recommending a slew of relief measures, including regulatory easing, an ASSOCHAM paper has said that the government should consider wage support mechanism and interest subvention for the MSMEs, which are reeling under the severe impact of the Covid-19 pandemic that has shown its heightened fury in the second wave.
Even as the states are in the process of easing lockdowns, the trade and industry would need an all-round support to pick up their business thread again, after halt or near-halt of their operations since middle of April, stated the recommendations report that ASSOCHAM submitted to the government.
"This is time to support and spend without giving too much focus on the fiscal parameters. I am sure, the RBI and the government are constantly working on innovative solutions to keep infusing cash into the system despite understandable revenue pressures," it said.
Recommending a slew of relief measures, including regulatory easing, an ASSOCHAM paper has said that the government should consider wage support mechanism and interest subvention for the MSMEs, which are reeling under the severe impact of the .