India Inc seeks Rs 2 trillion in govt relief as lockdown hits businesses

The demand comes in the wake of businesses and industry taking a hit as India entered the third week of the 21-day nationwide lockdown

India Inc on Wednesday sought Rs 2 trillion as economic package to tide over losses from the 21-day nationwide lockdown to prevent the spread of the coronavirus. 

The Confederation of Indian Industry (CII) has submitted recommendations to the government seeking an "economic package" entailing additional support to the lowest strata and the informal sector through cash transfers, amounting to Rs 2 lakh crore to Jan Dhan account holders, PTI reported. 

It also suggested the Centre enhancing credit limits for working capital across the board to all industries and additional reconstruction term loans to MSMEs (micro, small and medium enterprises) and