explain the measures taken by the government.
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Answer:
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Explanation:
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Answer:
The global macroeconomic outlook for the current financial year 2020-21 has been adversely affected by COVID-19 pandemic which has impacted the majority of countries in the world across continents. The pandemic has cast its shadow across various economic activities with dislocation in global production, supply chains and trade. The spread of COVID-19 in India and its mitigation plan of 40 days nationwide lockdown from 25 March 2020 to 3 May 2020 and a possibility of further extension of lockdown by several State Governments, there is likely to be a significant impact across various sectors of the economy.
To address these adverse times, the Government of India has been preparing strategies and action plans not only for business continuity and sectoral revival but also to improve Ease of Doing Business in the country by releasing notifications/amendments/circulars highlighting measures to improve the business environment in India. Below are some of the special measures by Central government, Reserve Bank of India, Securities & Exchange Board of India (SEBI), Insurance Regulatory and Development Authority (IRDAI) and the sectoral ministries to boost businesses in India.
Explanation:
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