Business »  Topic »  India Inc needs more tax breaks during Covid

India Inc needs more tax breaks during Covid

To fight the spread of Covid-19, Prime Minister Narendra Modi announced a nationwide lockdown for 21 days. Most businesses have come to a complete standstill and the livelihoods of millions of people are at stake. Not only have profits drastically reduced, but cash flow blockages are also impeding the paying capacity of businesses across all sectors. Recently, the Ministry of Labour and Employment issued an advisory to businesses, asking them not to cut salaries or lay-off their employees.

While small businesses, travel and tourism, and the restaurant industry have reportedly been hit the hardest, sectors engaged in the supply of ...

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