India’s Second Virus Relief Plan May Contain Tax Sops, ET Says

India is close to finalizing a second economic relief package that may include tax concessions for industries hit hard by the coronavirus outbreak, particularly smaller firms and those involved in services and exports, the Economic Times newspaper reports, citing government officials it didn’t identify.

• Measures may include a moratorium on some tax payments for certain sectors, reduction in import and export duties, and relaxation in payment of dues and fees
• India has also started talks with the World Bank for a package to create healthcare infrastructure
• Exports, retail, consumer durables and most service sectors like aviation, hospitality, food, travel and ...