India Inc cheers stimulus package, says will provide relief to businesses

India Inc on Wednesday said initiatives unveiled by the Finance Minister targeting key sectors of MSME, discoms and real estate as part of the 'Stimulus Package 2.0' will enable them to mitigate the impact of the coronavirus crisis.

Industry bodies said the measures will infuse liquidity in the market and inject a fresh lease of life in distressed micro, small and medium enterprises (MSMEs).

Finance Minister Nirmala Sitharaman announced Rs 3 trillion of collateral-free loans for small businesses, cut the tax rate for non-salary payments and provided liquidity to non-banking companies to help them tide over the disruptions caused by the lockdown.

Unveiling