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83.2% Rajasthan businesses find central stimulus ineffective
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SME Times News Bureau | 30 May, 2020
As the fourth phase of lockdown
is nearing its end, 83.2 per cent respondents to an online poll said the
central stimulus package was "not so effective". While 15 per cent
respondents found it "effective", 1.8 per cent termed it "very
effective".
The survey, conducted by the FICCI Rajasthan State
Council, indicated 27.1 per cent industry respondents were operating at
less than 10 per cent capacity, and 32.7 per cent at 10-25 per cent.
While 89.7 per cent respondents reported less than 50 per cent capacity
utilisation, 2.8 per cent indicated above 75 per cent capacity use.
On the impact of labour migration, 72 per cent said it affected their business.
Ashok
Kajaria, Chairman, FICCI Rajasthan State Council, and CMD, Kajaria
Ceramics, said lockdown 5.0 or exit 1.0 would bring more positive
changes and liberal guidelines as both central and state governments'
thrust was on reviving the economy.
The respondents said the
government should waive interest for the lockdown period, extend
moratorium for one year and term-loan instalment be deferred till March
31, 2021.
They said the textile industry had been suffering
financially since last 2-3 years and a new textile policy was required
for the post-Covid regime.
The respondents also advocated direct
relief to manufacturers, like relaxation in taxes, electricity charges,
facilitation of trade and increase in demand. They said 100 per cent
labour option and 24x7 working should be allowed for factories with
social distancing.
All manufacturers of non-essential
commodities should be provided travel passes with unlimited time to
avoid inconvenience of getting passes made every month, they added.
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