Modi govt adopts flexible approach towards coronavirus epidemic

FM Nirmala Sitharaman said the government was closely monitoring impact of the coronavirus on the economy

After multiple rounds of meetings with exporters, importers, industries, and other stakeholders, the Narendra Modi government has firmed up its response to the coronavirus epidemic. 
 

The Centre has decided against a broad-based approached and will tackle the issue on a case-to-case basis. Officials have also ruled out any rollback of import duty hikes announced in the Union Budget.
 

In the immediate term, the Central Board of Indirect Tax and Customs (CBIC) is working on easing clearances of goods which arrive without proper documentation.
 

Banks have been told by the Centre to provide bridge loans to companies which have already paid