PHD Chamber appreciates the address by the Hon'ble Prime Minister, Shri Narendra Modi Ji for the extra precautionary & combative steps taken for a complete lockdown of India for 21 days

NEW DELHI,26.03.20-PHD chamber appreciates the address by the Hon'ble Prime Minister, Shri Narendra Modi Ji for the extra precautionary & combative steps taken for a complete lockdown of India for 21 days from 12-midnight today, without any impact on the supply of necessary and essential items to the citizen of the nation. Let us all implement this in letter and spirit for the good health of every citizen of India, said Dr. D K Aggarwal, President - PHD Chamber of Commerce and Industry

His appeal for "Jaan hai toh Jahaan hai" is right for saving the lives of citizens of our country from the impact of coronavirus, said Dr. Aggarwal

India is at a stage where our actions today will decide to what extent we can bring down the impact of this disease in the country in the coming days, he said

Allocation of Rs.15,000 crores allocated towards the build-up of health infrastructures for combating against the Covid- 19 pandemic is highly laudable. Which will go a long way in expediting India’s fight for Covid-19 free nation, said Dr. D K Aggarwal President - PHD Chamber of Commerce and Industry

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Relief measures announced by Hon'ble Finance Minister, Smt. Nirmala Sitharaman, are in line with the industry expectations, looking forward to a financial package sooner than later : PHDCCI

Various relief measures announced by Hon'ble Finance Minister, Smt. Nirmala Sitharaman, are in line with the industry expectations. These measures will go a long way to address the issue arisen from the Impact of Covid-19, said Dr D K Aggarwal, President, PHD Chamber of Commerce, in a press statement issued here today.

We appreciate the proactive and combative measures undertaken by the Hon’ble Minister for a sustained economic health, like extending the last date of filing the Income tax returns for the Financial Year 2018 - 19 to 30th June 2020, reducing the interest rate for delayed payments to 9% from 12% for delayed payments; extension provided to the Vivaad se Vishwas Scheme till the 30th June 2020 and no interest, penalty and late fee to be charged for companies with a turnover of less than Rs 5 crore, among others, said Dr Aggarwal

Going forward, we suggest the government to provide a financial package which should support the businesses in terms of availability of liquidity, working capital and to meet up the maintenance of employment in their respective businesses, said Dr Aggarwal.