New Delhi, April 6 -- The Confederation of Indian Industry (CII) has proposed a set of measures including a temporary moratorium on loans and restructuring window for MSMEs to provide relief to various sectors affected by the ongoing West Asia conflict even as it hailed the steps taken by the government and Reserve Bank of India (RBI) to cushion the industry from economic fallout arising from the war.
Call for Targeted Liquidity and Credit Support
The industry body has proposed a comprehensive set of measures, including a time-bound emergency credit guarantee scheme (ECGS) for affected sectors, similar to pandemic-era support, to ease working capital constraints.
It also recommended that the RBI consider a temporary moratorium and res...