nagpur chamber of associations of maharashtra industry and trade camit has requested the central government to relax few things for medium and small enterprises following various types of restrictions amid covid19in a letter sent to finance minister nirmala sitharaman dipen agrawal president camit said trade and industry were already in distress due to the worldwide economic slowdown during the last two years now the world is going to confront the economy collapse due to the covid19 pandemic in these hard times indian business enterprises particularly the small and medium enterprises will be hard hit in short to midterm besides its worrying effects on human life this pandemic has the capability to slow down the economy the impact of the same is clearly visible in trade and business india is among the 15 most affected economies by covid19 demand of goods is vanishing day by day as the number of affected cases are increasing the situation will worsen due to lockdowns announced to prevent india from entering stage 3 of pandemicagrawal added government should consider six points all emis including those of termloans should be extended by 90 days without penal interest or late payment charges and the borrower should be saved from adverse rating by cibil banks and financial institutions should be directed not to take adverse action and relax the conditions related to maintenance of margin against working capital limits obtained to run businesses for at least 90 days payment of letter of credit lc should be extended by atleast 90 days without any penal interest against letter of assurance from beneficiaries to avoid any mischief and chaos so as to protect the interest of banks as well as business entity all time bound commitments under foreign exchange management act fema such as collections from foreign debtors export commitments payment to foreign creditors etc which fall due between march 15 to april 30 should be extended by 90 days from their due date payment of gst for the month of february to april should be extended by 90 days without any penal interest and gstin should allow submission of returns without insisting on payment of gst all regulatory compliances under substantive laws such as income tax gst pf esic registrar of companies roc etc and filling of returns should be extended for 90 days without there being any late fee due he said