Relief measures announced by govt, RBI not enough, says India Inc

Most CEOs favour a partial lifting of the lockdown after April 14

India Inc is near unanimous in its view that the relief measures announced by the Reserve Bank of India (RBI) and the government are not enough, even as it seeks a comprehensive stimulus package from the state to combat the adverse impact of Covid-19 on their businesses.
 

The finding is based on a quick survey of 25 CEOs representing big companies in areas ranging from financial services and banks to energy, automobiles, ports, consumer electronics, IT and internet, real estate companies and also large business conglomerates.
 

An overwhelming 96 per cent of the CEOs surveyed want the extension of the