SCOPE NEWS

SCOPE hails the impetus to Businesses and MSME in the economic package to make Atma Nirbhar Bharat

  • by Psu Connect
  • Date: 14-05-20
SCOPE hails the impetus to Businesses and MSME in the economic package to make Atma Nirbhar Bharat

New Delhi: SCOPE welcomes the economic stimulus package of the Government to spur the economic growth and build a self-reliant and resilient India.Mr Atul Sobti, Director General, SCOPE while appreciating the commitment of the Government said that the thrust given to various sectors through the economic stimulus would go a long way in bringing the economy back on a growth trajectory.

“While the Government continues its responsibility towards migrants and the poor, the financial and other measures to MSMEs would play a significant role in boosting the Make in India initiative thereby making the country self-reliant on varied aspects. The impetus to MSMEs shall play a special role for the public sector as PSEs make 25% of its procurements from the said sector.” DG SCOPE added.

SCOPE also welcomes measures with respect to liquidity infusion in NBFCs, contractors and realty along with reduction of TDS/TCS rates which would ensure increase liquidity in the hands of common man thereby making way for increased demand.

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