A COVID19 Relief Package for SMEs

23 Mar 2020 CW Team

Here is the "Relief Package" that the Govt of India needs to introduce for SMEs due to the COVID19 outbreak.

1. Defer tax payment deadlines by a month
2. All defaults on contracts expecting execution by March to be given a three-month extension.
3. Allow corporates / firms paying taxes of less that Rs 50 lacs, a three-month extension
4. Loan defaults which have got triggered in Jan-March 2020 to be given a six-month extension
5. Extend Vivaad se Vishwas amnesty scheme by two months and release all dues back to the taxpayer once settled.
6. Announce 'interest payment holiday' for borrowers bearing loans during Jan - March 2020 for three months
7. Align GST rates to two slabs
8. All employers, who do not retrench staff during March - June 2020 and have a turnover of less than Rs 250 crores (Rs 2.5 billion), to be given a tax deduction of 25% of tax payable
9. Tax refunds & exporter drawbacks held up need to be released on an urgent basis
10. Legal compliances for PF/ GST/ TDS need to be considered leniently for April 2020

Pratap Padode, Founder, ASAPP Info Global Group, and Founder & Executive Director at FIRST Construction Council and Smart Cities Council India

Fiscal stimulus through Direct Benefit Transfer is surely the way to help the economically weaker sections but what about the 7,00,000 tax paying SMEs? Their businesses are completely jolted and disrupted. Even from the 70 million SMEs in the country 99% have a turnover of less than Rs 250 crores (Rs 2.5 billion). They do not have the cash to run the operation for more than a month or two and hence the government needs to act and FAST! Here is the Relief Package that the Govt of India needs to introduce for SMEs due to the COVID19 outbreak.1. Defer tax payment deadlines by a month 2. All defaults on contracts expecting execution by March to be given a three-month extension. 3. Allow corporates / firms paying taxes of less that Rs 50 lacs, a three-month extension 4. Loan defaults which have got triggered in Jan-March 2020 to be given a six-month extension 5. Extend Vivaad se Vishwas amnesty scheme by two months and release all dues back to the taxpayer once settled. 6. Announce 'interest payment holiday' for borrowers bearing loans during Jan - March 2020 for three months 7. Align GST rates to two slabs 8. All employers, who do not retrench staff during March - June 2020 and have a turnover of less than Rs 250 crores (Rs 2.5 billion), to be given a tax deduction of 25% of tax payable 9. Tax refunds & exporter drawbacks held up need to be released on an urgent basis 10. Legal compliances for PF/ GST/ TDS need to be considered leniently for April 2020 Pratap Padode, Founder, ASAPP Info Global Group, and Founder & Executive Director at FIRST Construction Council and Smart Cities Council India

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..