New Delhi: During this period of uncertainty, Union Finance Minister Nirmala Sitharaman has come forward to instill confidence in the industry sector.
Due to the lockdown and curfew caused by the coronavirus pandemic in various states, trust and confidence of the industry has started to evaporate, in view of which Union Finance Minister Nirmala Sitharaman has come forward to take control of the situation.
The Union Finance Minister is taking stock of the problems from big companies and industry organizations in different fields. Nirmala Sitharaman is seeking information from industrialists about the problems in production and business due to the coronavirus pandemic so that in the coming time, the Union Finance Ministry is able to take a decision keeping in mind the convenience of entrepreneurs.
Nirmala Sitharaman led industry organizations CII, FICCI, ASSOCHAM, PhD Chamber of Commerce, Bombay Chamber, Bengal Chamber of Commerce, Madras Chamber of Commerce, Bangalore Chamber of Commerce, Export Organization FIEO, Auto Manufacturers Organization SIAM, IT Industry Organization Nasscom including L&T , Interacted with the heads of companies such as Apollo, TCS, Maruti Suzuki and Hero Moto Corp.
According to sources, the Finance Ministry is not in the mood for any relief package at present. There is also a feeling in the ministry that after May the number of coronavirus patients may be significantly reduced and only after that any financial assistance will be announced if needed.
According to sources, instead of direct financial support, the government can overcome the problems faced by the industrial sectors as a matter of policy.