Government can announce Rs one lakh crore relief package for businesses

New delhi date. 9 April 2020, Thursday

The government is preparing to provide a package of one lakh crore rupees to the industry after announcing a package of 1.7 lakh crore at lockdown for the poor people of the country.

Industries are constantly pressing for relief to the government by taking the loss that is going on due to the lockdown.

At least $ 200 billion is needed to support India's economy. Over the next 3 months, $ 100 billion of this will be needed. This amount is needed to compensate for the loss of jobs and income, according to a news agency report. The government should consider reducing the GST by 50 percent for 3 months and 25 percent for the financial year.

The industry demands that banks should be given a capital of Rs 30000 crore. So that businesses can be helped.