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    COVID-19 Pandemic: Economic Relief Measures Announced So Far - A Bridge Too Far

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    Pulkit Agarwal

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    COVID-19 Pandemic: Economic Relief Measures Announced So Far - A Bridge Too Far

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    Pulkit Agarwal
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    COVID-19 Relief

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    23 views3 pages

    COVID-19 Pandemic: Economic Relief Measures Announced So Far - A Bridge Too Far

    Uploaded by

    Pulkit Agarwal

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    © All Rights Reserved
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    ASC Legal, Solicitors and Advocates.

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    April, 2020

    COVID-19 Pandemic:
    Economic Relief Measures Announced So Far - A Bridge Too Far

    The Covid-19 pandemic is having an overwhelming impact on global order. These are testing
    times for nations. For India and for most other countries, the outbreak presents twin
    challenges, not only containing the virus spread, but also limiting the economic impact in an
    already slowing economy.
     
    But extraordinary times call for extraordinary measures. Considering the prevailing
    circumstances, it is vital to understand the manner in which Covid-19 has impacted the well
    reforms and businesses in India. A timely evaluated ease out from the lockdown, along with a
    well calibrated monetary and fiscal stimulus would be critical to survive the severe blow of the
    Covid-19 pandemic.
     
    The Hon'ble Finance Minister on March 24, 2020, announced several important relief
    measures, especially on statutory and regulatory compliance matters under Income Tax,
    Goods and Service Tax (GST), Customs, Corporate Affairs, Insolvency & Bankruptcy Code
    and other sectors. This was followed with a relief package amounting to INR 1.70 Lakh
    Crores announced under the Pradhan Mantri Garib Kalyan Yojana for the poor.
     
    India’s Central Bank, the Reserve Bank of India (RBI), has endeavored to address the
    challenges of shielding the domestic economy from the pandemic by announcing a slew of
    relief measures to ease flow of credit into the economy.
     
    The readers should take note that these relief measures can be regarded as temporary in
    nature, in view of the current scenario and the subsistence of the same would depend on the
    longevity of the pandemic and its after effects. 

    The key highlights of the relief benefits & economic measures have been hyperlinked with this
    informative flyer for your ready reference (For reference - the relief/ economic measures
    announced have been collated as of April 25, 2020).

    Please click here to view the same


     
    Hope the above would be useful.
     
    In case of any assistance/ further clarification required, please do let us know.

    Please note that in the light of potential  impact of COVID-19 Pandemic, we are
    currently operating at the usual capacity, but working remotely to mitigate the risk and
    spread of the virus. Wherever possible, shall perform client meetings "online" rather
    than face-to-face, keeping in view all government guidelines with respect to outstation
    travels, including international travel. We would strive in ensuring that professional
    practice and client commitments are adhered to and well taken care of during these
    challenging times.

    Wishing Good Health

    With kind regards,

    Aseem & Team

    FOR PRIVATE CIRCULATION ONLY

    2
    Disclaimer: The contents of this update is based on extant laws, rules and regulations
    made thereunder at the time of compiling of the said newsletter. This newsletter is for information and
    general guidance purposes only. We have no responsibility for the persistence and the accuracy of the
    information relied upon for the purposes of compiling this newsletter and the said update does not
    constitute any professional advice. One should not act upon the information contained in this update
    without obtaining specific professional advice. No representation or warranty (express or Implied) is
    given as to the accuracy or completeness of the information contained in this news update and ASC
    Legal disclaims all responsibility for any damage caused by error/ omissions whether arising from
    negligence, accident or any other cause to any person acting or refraining from action as a result of
    this professional update

    Copyright © 2020 ASC Legal, Solicitors and Advocates, All rights reserved.


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    ASC Legal, Solicitors & Advocates 
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