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Coronavirus impact: Industry bodies seek urgent help from PM Modi as the situation worsens

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Coronavirus impact: Industry bodies seek urgent help from PM Modi as the situation worsens

Coronavirus impact: PM Narendra Modi on Monday interacted with industry body representatives from ASSOCHAM, FICCI, CII and several local chambers from eighteen cities across the country in the wake of the novel coronavirus crisis.

The meeting was held via video conferencing and came at a time when many sectors are staring at huge losses and seeking immediate government assistance.

Principal secretary, cabinet secretary, Department for Promotion of Industry secretary and internal trade also participated in the important interaction session.

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PM Modi mentioned the federal government was engaged on giving a fillip to assist corporations to survive through the disaster interval.

He mentioned the problem posed by the pandemic is greater than even that posed by the World Wars, and that there must be fixed monitoring of the state of affairs to restrict Covid-19 from spreading in India

Sectors like tourism, hospitality, aviation, restaurant business are reeling under immense pressure because of the Covid-19 restrictions across all 548 districts in India.

Restaurants have been shut for two weeks with most states under lockdown and citizens’ observing self-quarantine.

NRAI (Nationwide Restaurant Affiliation of India) has written to the finance minister asking for complete and fast deferment of all statutory dues, whether or not GST, advance Tax funds, customs duties on the central authorities stage, and state excise and the renewal of liquor licenses and VAT on the state stage for an interval of twelve months or 12 months.

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They’ve additionally requested for unemployment pay cowl for workers. Those who’re on the decrease finish of the spectrum — and are coated underneath ESIC scheme — must be facilitated by the federal government by way of the corpus out there with the ESIC or another welfare scheme reminiscent of MNREGA.

In accordance with Anurag Katriar, NRAI (Nationwide Restaurant Affiliation of India) president, layoffs within the restaurant enterprise are inevitable as eating places are seeing an enormous discount in revenues.

Until date, 40-50 per cent of all eating places within the nation have been hit and the state of affairs is anticipated to worsen because the lockdown continues.

Talking with India Right this moment TV, he mentioned smaller institutions may shut store completely owing to mounting mounted prices.

https://www.youtube.com/watch?v=cR-KQ1xMMaM

Source: India Today

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