INSUBCONTINENT EXCLUSIVE:
Industry body Ficci has said that direct income support will boost demandIndustry body FICCI has urged for introduction of direct income
virus infection."We feel that there is an urgent need for boosting demand through direct income support measures
President Uday Shankar said.He said that unlike last time, when households fell back on their savings and helped in quick economic recovery
with pent-up demand, this time, savings are depleted as health expenditure has been quite high.Though industrial production has not been
suddenly interrupted due to the devastating second wave of the Covid-19
FICCI is particularly concerned about the spread of the second wave to the rural areas and smaller towns
second wave of the Corona virus infection and the resultant restrictions had adversely affected factory activities.
