To resolve the uncertainties resulting from the pandemic, India should consider suitable statutory intervention that can provide clarity and certainty on how Covid-related effects should be addressed
Covid-19 has resulted in a spate of uncertainties that both governments and businesses are little prepared for. The Central and State governments have so far announced various relief measures such as financial assistance and subsidies to businesses, enhancement of timelines for statutory compliances, waiver of limitation in court proceedings, assurance of payment of salaries despite being in a state of lockdown, and subsidised food and other such measures.
Originally published in The Hindu BusinessLine, April 20, 2020.
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