The measures announced by the government will help in promoting investments, demand and ease of doing business, exporters' body FIEO said on Friday.
Federation of Indian Export Organisations (FIEO) President Sharad Kumar Saraf said release of funds to recapitalise public sector banks will go a long-way in easing liquidity and further giving a much-needed boost to the economy in such challenging times.
"The announcements made by the government is aimed at investment stimulus, demand stimulus, ease of doing business and recognition to wealth creators," he said in a statement. He said that simplifying the GST will further help the trade and industry overcome their problem of liquidity and capital requirements.
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