PM asks India Inc to maintain production lines of essential commodities, prevent black marketing amid coronavirus fight

By: |
Updated: Mar 23, 2020 7:43 PM

Interacting with industry representatives via video-conferencing, Modi said the impact of the pandemic on the economy will be felt for some time to come with several sectors such as tourism, construction and hospitality being hit. 

PM asked India Inc to allow employees to work from home and not to cut down on workforce in spite of the pandemic’s negative impact on their businesses.

Prime Minister Narendra Modi on Monday asked Indian companies to maintain production lines of essential commodities and ensure there is no hoarding as well as black marketing in the wake of the country fighting the coronavirus outbreak.

Interacting with industry representatives via video-conferencing, Modi said the impact of the pandemic on the economy will be felt for some time to come with several sectors such as tourism, construction and hospitality being hit.

He asked India Inc to allow employees to work from home and not to cut down on workforce in spite of the pandemic’s negative impact on their businesses. “He said it is imperative that production of essential items should not be impacted at this time, and black marketing and hoarding be prevented,” an official statement quoted him as saying.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1No more happy hours! High Corona tax backfires, liquor sales halved in last 5 months
2GST: Tax fraud worth Rs 50 crore detected, Ahmedabad student arrested for registering fake firms
3Special GST window: Centre borrows Rs 6,000 cr and releases to 16 states, 2 UTs