Monday, December 6, 2021

Industry bodies welcome centre’s announcement of relief package to boost economy

Various industry bodies have welcomed the steps taken by the Government to boost the economy and provide relief to the various sectors. Yesterday, Finance Minister Nirmala Sitharman announced a relief package of over six lakh 28 thousand crore rupees.

Senior Vice President of FICCI Sanjiv Mehta has welcomed the announcements made by the government  to support the economy. He said, focus of the new measures is well placed while some of the existing relief measures have been extended. He said, the emphasis on the COVID affected sectors was the need of the hour. He added that these steps would alleviate the stress amongst the affected sectors including MSMEs.

Another industry body CII has also expressed happiness over the slew of measures taken by the Government to provide thrust to the economy during the Covid-19 pandemic. President of CII, TV Narendran has said, targeted interventions have been announced by the government with a special focus on health and tourism. He said, the liquidity boosting measures to keep the enterprises afloat in the aftermath of second wave of Covid-19 pandemic in the form of extending loan guarantees to healthcare, tourism sectors and small borrowers are welcome steps.

ASSOCHAM said, these steps are aimed at providing relief to the sectors hit hard by the pandemic. It said, 6.29 lakh crore rupees package will act as a ‘lifeline dose’ to various sectors enabling faster recovery of the economy.

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