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.