COVID-19: FADA writes to PM, seeks immediate financial support
- The Federation of Automobile Dealers Associations (FADA) has written to Prime Minister Narendra Modi seeking immediate financial support from the government for the ailing sector amid the nationwide lockdown due to coronavirus pandemic.
- In its letter to the prime minister, FADA sought complete waiver of interest on all category of loans from banks and NBFCs for the lockdown period.
- The industry body, which represents around 15,000 auto dealers, also sought extension of 4 per cent interest subvention/subsidy for working capital/loan requirements to companies for a period of nine months post the lockdown
India Coronavirus live Updates: Prime Minister Narendra Modi will address the nation on Tuesday, April 14, according to a tweet put up by the Prime Minister's Office (PMO) on Monday. PM Modi is likely to talk about the lockdown extension beyond April 14 by two weeks as the active COVID-19 cases near the 8,000-mark. Amid the increasing cases of novel coronavirus, the central government is also considering easing some restrictions during the likely extended duration beyond April 14. Furthermore, along with the extension of the lockdown period, Modi government will also run special train and bus services for agricultural labour and farm industry workers. Special package is being worked out for the labourers working during the lockdown period in the wake of COVID-19 threat. Essential industrial sectors would also be opened for ensuring that the key economic sectors are also kept running. PM Modi has directed all ministers and officials above Joint Secretary rank to resume work from Monday (April 14) to work towards a post-lockdown economic revival. According to Ministry of Health and Family Welfare's latest data, the total number of active COVID-19 cases in India have risen to 9331. Whereas, the death toll is at 324
- The Federation of Automobile Dealers Associations (FADA) has written to Prime Minister Narendra Modi seeking immediate financial support from the government for the ailing sector amid the nationwide lockdown due to coronavirus pandemic.
- In its letter to the prime minister, FADA sought complete waiver of interest on all category of loans from banks and NBFCs for the lockdown period.
- The industry body, which represents around 15,000 auto dealers, also sought extension of 4 per cent interest subvention/subsidy for working capital/loan requirements to companies for a period of nine months post the lockdown
India Coronavirus live Updates: Prime Minister Narendra Modi will address the nation on Tuesday, April 14, according to a tweet put up by the Prime Minister's Office (PMO) on Monday. PM Modi is likely to talk about the lockdown extension beyond April 14 by two weeks as the active COVID-19 cases near the 8,000-mark. Amid the increasing cases of novel coronavirus, the central government is also considering easing some restrictions during the likely extended duration beyond April 14. Furthermore, along with the extension of the lockdown period, Modi government will also run special train and bus services for agricultural labour and farm industry workers. Special package is being worked out for the labourers working during the lockdown period in the wake of COVID-19 threat. Essential industrial sectors would also be opened for ensuring that the key economic sectors are also kept running. PM Modi has directed all ministers and officials above Joint Secretary rank to resume work from Monday (April 14) to work towards a post-lockdown economic revival. According to Ministry of Health and Family Welfare's latest data, the total number of active COVID-19 cases in India have risen to 9331. Whereas, the death toll is at 324