HT reported on 15 April that the government was considering an economic stimulus as India sees record surge in covid-19 cases.
The next day, the government enlarged the scope of the ₹3 trillion Emergency Credit Line Guarantee Scheme (ECLGS), giving more time to borrowers from small and medium companies to repay principal or interest.Sanjay Aggarwal, president at PHD Chamber of Commerce and Industry, said that the finance minister assured the industry that the government was taking all necessary steps to ensure adequate availability of hospital beds, medicines and oxygen across the nation.Click here to read the Mint ePaperMint is now on Telegram.