{"id":20553,"date":"2021-05-03T09:51:59","date_gmt":"2021-05-03T04:21:59","guid":{"rendered":"https:\/\/plyinsight.com\/?p=20553"},"modified":"2021-08-31T16:27:33","modified_gmt":"2021-08-31T10:57:33","slug":"govt-rbi-explore-options-for-covid-relief-measures","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/govt-rbi-explore-options-for-covid-relief-measures\/","title":{"rendered":"Govt, RBI explore options for Covid relief measures"},"content":{"rendered":"<p><strong>The government and the Reserve Bank of India(RBI) are considering relief measures for businesses as India continue to battle the deadly second wave of the Covid-19 pandemic.<\/strong><\/p>\n<p>Both are looking into the demands made by small businesses and other industries to provide some relief to them amid the Covid crisis, said a senior source from government.<\/p>\n<p><strong>All options are being considered, and \u201cit\u2019s too early to come up with relief measures immediately even as there is pressure from industry\u201d, it said.<\/strong><\/p>\n<p>Last year, the government had introduced a Rs.3 trillian collateral free loan guarantee scheme for small businesses and widened it to include more sectors and categories of borrowers. The scheme can be availed of till June 30.<\/p>\n<p>The restricting window for MSMEs, announced by the RBI in August last year, allowed lenders to extend repayment schedules for borrowers by up to two years. The window was open until March 2021.<\/p>\n<p>\u201cThe disruption caused in the past three weeks has been unprecedented, and measures are needed to support businesses, and the government is aware of that,\u201d said another source.<\/p>\n<p><strong>Consumption is showing signs of dip even as goods and services tax (GST) collection for March, collected in April, was at a record high. Barring a few, leading high frequency indicators are also showing a decline.<\/strong><\/p>\n<p><strong>Wholesale dispatches have been impacted in April, reporting a decline compared to March. The Google Mobility Index show that the mobility trend has not recovered to the pre-Covid baseline.<\/strong><\/p>\n<p>Most parameters, baring visits to supermarkets and pharmacies, plummeted more than 50 per cent as on April 28. Electricity demand, vehicle registrations, and generation of GST e-way bills are seen slackening sequentially in April, revealing the impact of the recent surge in Covid-19 cases and localized restrictions.<\/p>\n<p><strong>The government recently announced some steps such as extending timelines for certain tax compliances and providing 50-year interest-free loans to states to spur capital expenditure. It has also announced relaxation in payment of GST.<\/strong><\/p>\n<hr \/>\n<h3 style=\"text-align: center;\"><span style=\"color: #800000;\"><strong>\u0938\u0930\u0915\u093e\u0930 \u0914\u0930 \u0906\u0930\u092c\u0940\u0906\u0908 \u0926\u094d\u0935\u093e\u0930\u093e \u0909\u0926\u094d\u092f\u094b\u0917\u094b\u0902 \u0915\u094b \u092b\u093f\u0930 \u0930\u093e\u0939\u0924 \u0926\u0947\u0928\u0947 \u092a\u0930 \u0935\u093f\u091a\u093e\u0930<\/strong><\/span><\/h3>\n<hr \/>\n<p><strong>\u0915\u094b\u0935\u093f\u0921-19 \u092e\u0939\u093e\u092e\u093e\u0930\u0940 \u0915\u0940 \u0926\u0942\u0938\u0930\u0940 \u0914\u0930 \u091c\u094d\u092f\u093e\u0926\u093e \u0918\u093e\u0924\u0915 \u0932\u0939\u0930 \u0938\u0947 \u091c\u0942\u091d \u0930\u0939\u0947 \u0926\u0947\u0936 \u0915\u0947 \u0915\u093e\u0930\u094b\u092c\u093e\u0930\u0940 \u091c\u0917\u0924 \u0915\u094b \u0930\u093e\u0939\u0924 \u0926\u0947\u0928\u0947 \u0915\u0947 \u0909\u092a\u093e\u092f\u094b\u0902 \u092a\u0930 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Both are looking into the demands made by small businesses and other industries to provide some relief to them amid the Covid crisis, said a senior source from [&hellip;]<\/p>","protected":false},"author":1,"featured_media":20555,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1218,1220],"tags":[1170,374,984,461,1172,301,1169,99,1171,739,1156,1086],"class_list":["post-20553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news-may-2021","category-may-articles-2021","tag-banks","tag-corona","tag-covid","tag-covid-19","tag-covid-relief","tag-government","tag-govt","tag-rbi","tag-relief-measures","tag-reserve-bank-of-india","tag-vaccination","tag-vaccine"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt, RBI explore options for Covid relief measures - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/govt-rbi-explore-options-for-covid-relief-measures\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt, RBI explore options for Covid relief measures - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"The government and the Reserve Bank of India(RBI) are considering relief measures for businesses as India continue to battle the deadly second wave of the Covid-19 pandemic. 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