Getty ImagesEase of doing business
Logistics
Medical equipment and supplies
Digital payments
MSMEs
Textiles & Apparel
Tourism & Hospitality
- Enhance validity of existing licenses, approvals and NoCs
- Quick disbursal of pending dues to the private sector
- Speedy clearances for Pharma and Chemical industries
- Extend sunset date of SEZ units for direct tax benefits
Logistics
- Transport sector be deemed essential service
- Ways & means advance to pay salaries
- Single government point of contact for supply chains
- States can appoint private sector to handle warehousing and transport
Medical equipment and supplies
- Speedy clearance of medical devices at ports
- 0% import duty on critical medical devices
- Respite from bank repayments for MedTech manufacturers
- 0% import duty on sanitizers, masks and personal protection goods
Digital payments
- Extend incentive for customers and merchants to adopt digital payments
- Tax rebates for businesses with 70% digital transactions
- Mass ad campaing for digital transactions & e-comm
- Prohibit convenience fees and service charges
MSMEs
- License NBFCs to issue cards to SMEs for working capital credit
- 60 day extension for payment of income tax and GST
- Extend business insurance policies and coverage
- Extension of bank EMIs till June 30
Textiles & Apparel
- Extend 0% interest loans equivalent to govt dues
- Wage subsidy up to 50% for registered workers for 2 quarters
- Exempt raw materials from anti-dumping duties
- Working capital at max 7% from April-Dec 2020
Tourism & Hospitality
- 6-9 month moratorium on working capital principle, interest payments
- GST holiday for hotels, tour packages and reservation services
- Short-term interest free or low interest loans
- Doubling of overdraft limits
(Catch all the Business News, Breaking News, Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the ET ePaper online.
Read More News on
(Catch all the Business News, Breaking News, Budget 2024 News, Budget 2024 Live Coverage, Events and Latest News Updates on The Economic Times.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the ET ePaper online.
Get Unlimited Access to The Economic Times
