Package reflect
the human touch and concern for the poor: Sharad Kumar Saraf, President, FIEO
Commenting
on the package announced by the Hon’ble Finance Minister today, Mr Sharad Kumar
Saraf, President, FIEO said that the Medical insurance cover of Rs 50 lakh to
medical, paramedics, sanitation workers etc, who are in the forefront of war
against Covid19, though not compensate them for their selfless services yet
provide them financial security against any mis-happening.
Government
announcement that EPF contribution of employee (12%) and employer (12%) will be
paid by the Government of India for next 3 months, for unit upto 100 employees
with 90% of employees earning less than Rs 15000, will provide some relief to
some MSME units and lessen the burden on them. However, Mr Saraf said that the
facility should cover all units employing up to 500 workers without any other
condition.
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Amendment
in Provident Fund regulation to allow non-refundable amount upto 75% of balance
or equivalent to three months wages, whichever is lower, will ease their
liquidity and help them in the hour of crisis.
Pradhan
Mantri Gareeb Kalyan Ann Yojana, covering 800 million people, will provide
additional 5 kg of wheat/rice and 1kg of pulse will be given totally free for
the next 3 months thus ensuring adequate availability of food to those who are
worst hit due to nation-wide lockdown observed President, FIEO. Similarly, the
direct cash transfer benefit to various affected vulnerable segment of society
is need of the hour.
Mr
Saraf said that while he whole-heartedly supports the package, he is expecting
similar support package for industry, particularly exporters, who are one of
the worst victims of Covid19, inundated with cancellation and postponement of
orders amidst most challenging global scenario.
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