From Our Special Correspondent
Daijiworld Media Network

Bengaluru, Apr 27: The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has urged finance minister Nirmala Sitharaman to allow concessions to the taxpayers, especially trade and industry in direct and indirect taxes and corporate taxes in view of the present extraordinary situation of economic slowdown and misery due to Covid-19 pandemic.

In addition, six months postponement of EMI’s and other repayment obligations in the banking (including NDFC’s) sector is required. The rating of loanees and asset classification (Non-Performing Assets) should be halted during the period of recovery.

As in the last year, the central government should come out with the 'Aatma Nirbhar Package' for trade, industry, agriculture and other citizens reeling under economic catastrophe, the FKCCI president, Perikal M Sundar has said.

The Covid second wave has shaken the citizens with untold misery and has badly the trade and industry which was on the road to recovery. The night curfew and now almost a 20 days lockdown of the entire Karnataka is a big blow to economic recovery, Bengaluru with the host numbers of affected patients is reeling under medical emergency, he said.