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India Mulls Easier Loan, Tax Rules to Aid Economy Amid Virus (2)

March 19, 2020, 5:38 AM

India is considering offering easier loan repayment terms and tax breaks for small-and medium-sized companies to help Asia’s third-largest economy weather the onslaught of the coronavirus, a person with knowledge of the matter said.

The Finance Ministry is considering extending loan tenors and relaxing bad-debt norms for small firms, the person said, asking not to be identified as the discussions were private. A spokesman at the ministry was not immediately available for a comment.

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