NPA norms may be eased, tax deferment likely in coronavirus healing touch

These are among the measures that could be discussed in the Covid-19 Economic Response Task Force

As the Indian economy reels from the impact of the coronavirus pandemic, the Narendra Modi government is drawing up a relief package for industry. The relaxation of asset-classification norms by banks, thus allowing companies to delay the repayment of loans, and tax holidays for the worst-hit sectors like aviation and hospitality are expected to be part of the package, Business Standard has learnt.

These measures could be discussed by the COVID-19 Economic Response Task Force, announced by the Prime Minister. The task force is also expected to announce sector-specific measures in the coming weeks, government sources said. 

“There have been discussions at