Finance Minister’s announcement is in line with the government’s aim to provide the necessary impetus to economic growth and build a ‘self-reliant’ India. We welcome the announcement of all pending payments within 45 days from PSEs to MSME sector. The telecom industry has unutilized GST input tax credit over INR 35,000 crore for which the sector has repeatedly demanded refund. Moreover, the total outstanding from PSUs is amounting to approx. INR 20,000 crore since long.
We hope the Hon’ble Finance Minister, Nirmala Sitharaman, in the course of next few announcements would give similar relief to the sector that has immensely contributed to keeping the country connected during last 25 years and has kept 1 Bn people connected during the current lockdown situation.”