CORPORATE DISTRESS SHOULD BE DEALT WITH RIGHT EARNEST
GOVERNMENT MUST SHARE RISKS AND FINANCES WITH MSMEs
2021-02-24 11:02
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The world is undergoing an unprecedented corporate distress induced by outbreak by COVID-19. Economy of every country has suffered unparalleled setback, with great loss of job and the very means of survival. Governments world over are trying their best to set their economies back on growth track but it could be done only when they can devote resources to corporate relief, repair, and recovery. Developed countries have enough resources to do that, but the developing countries, such as India, will have very few resources and a commensurately large repair job on their hands because they have not been able to spend on relief.