Read more about Fiscal response to the Covid crisis on Business Standard. Tax deferrals by extending filing deadlines and reduction in interest for late payments provide minor relief
A recent International Monetary Fund (IMF) blog, Fiscal Policies for a Transformed World, by Vitor Gaspar, director fiscal affairs department, and Gita Gopinath, chief economist, reiterated that while countries will need to keep public health response at the top of their priority list, they will also need to retain supportive and flexible fiscal policies.
