Tax breaks and loans on straightforward phrases are what companies want most after the financial shock brought on by the fourth wave of Covid-19.
Eighty-two % of enterprise teams have sought such loans for his or her members after many banks stopped offering them, saying they’ve reached their limits, following the latest survey by the Non-public Financial Growth Analysis Board.
Ninety-one % have referred to as for a discount or waiver of land charges, company earnings tax, and different charges till the top of 2022, and for a moratorium on new charges and taxes.
Some have additionally sought stimulus insurance policies to spice up consumption, mentioning {that a} 50 % discount in automobile registration charges from July till December final 12 months proved efficient.
Companies, particularly in aviation, transport, and tourism, have confronted main difficulties since the final 12 months as a result of the pandemic.
The variety of firms closing down within the first six months rose by almost 25 % year-on-year to over 70,000.