https://www.taxtmi.com/news?id=23001 Government engagement with the central bank on loan restructuring is the primary policy response to COVID-19 impacts on industry, including consideration of moratoriums for hospitality and establishment of a Development Finance Institution to meet emerging credit needs. Banks are directed not to refuse credit under the Emergency Credit Guarantee facility to eligible MSMEs, with refusals to be reported. Reciprocity in trade negotiations is emphasised, and GST rate changes will be decided by the GST Council. en-us Fri, 31 Jul 2020 18:11:02 +0530 Fri, 31 Jul 2020 18:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23001 Government engagement with the central bank on loan restructuring is the primary policy response to COVID-19 impacts on industry, including consideration of moratoriums for hospitality and establishment of a Development Finance Institution to meet emerging credit needs. Banks are directed not to refuse credit under the Emergency Credit Guarantee facility to eligible MSMEs, with refusals to be reported. Reciprocity in trade negotiations is emphasised, and GST rate changes will be decided by the GST Council. News - Fri, 31 Jul 2020 18:11:02 +0530 https://www.taxtmi.com/news?id=23001