Excelsior Correspondent
JAMMU, Mar 27: Standing Conference of Public Enterprises (SCOPE), apex body of Public Sector Enterprises welcomed the proactive steps taken by the Government of India (GoI) and RBI to address the financial and economic stress created on industry and common man due to the Coronavirus breakout.
Atul Sobti, Director General SCOPE said that the Government of India is coming out with timely measures so as to ensure no undue stress is created on any part of the society.
He added that easing of compliance deadlines, rate cuts and extension of moratorium will ease out some of the financial pressures while deferment of interest on working capital loans will bring immediate relief to the industry and reduction of CRR will increase liquidity in the economy.
SCOPE also appreciated the relief announced by the Government for weaker section of the society and reiterated that the insurance cover to the frontline COVID-19 warriors is a gratitude for their selfless service at this critical time.
“While the Government continues to make sincere attempts to minimise concerns in the present crisis, it is the moral responsibility of the public at large to follow the lockdown and ‘stay at home’ to fight the deadly Virus”, DG SCOPE added.
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