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FICCI says govt should increase fiscal deficit by 200 bps to weather COVID impact

Updated : March 23, 2020 08:00 PM IST

FICCI said increasing fiscal deficit by 200 basis points can release Rs 4 lakh crore into the system.
The industry body has also recommended that no accounts should be considered non-performing assets (NPAs) beginning March 16.
Any compliance slippage during this period should not attract prosecution, it said.
FICCI says govt should increase fiscal deficit by 200 bps to weather COVID impact

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