NEW DELHI : The Union labour ministry on Wednesday said that it was exploring the possibility of a stimulus package for the private sector to pay wages, especially for small and medium firms, which are struggling with cash flows and may consider laying off employees amid the nationwide lockdown.
The announcement comes amid speculations that the Union government is set to announce a long-awaited stimulus package for businesses and workers to soften the devastating blow of the coronavirus lockdown, which has pushed many companies to the brink of bankruptcy, with revenues and cash flows disappearing. “No one can survive with zero income," labour secretary Heeralal Samariya told industry leaders during a webinar organized by the Federation of