New Delhi: Finance Minister Nirmala Sitharaman on Monday said the government is planning to extend the suspension of fresh insolvency proceedings for another three months, a move which will provide major relief to corporate borrowers hit by the coronavirus pandemic.
Addressing the Bangalore Chamber Of Industry And Commerce (BCIC), she said the government has taken several measures, including deferment of tax payment date, to help businesses and people.
“Not only the compliance but even the payments for the taxation related payment which companies have to do were all postponed so that nobody is put to difficulty,” Sitharaman, who also holds the corporate affairs portfolio, said.
As part of the ‘Aatmanirbhar Bharat’ package, the gov…
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