It will be unfortunate as well plain stupidity on part of our authorities if interest waiver benefit is given without a basic check on compliance like payment of minimum wages or basic salary to workers during the initial 60 days of lockdown. Compliance and accountability for employee welfare must be mandatory for any organisation to receive public funds as grace. While it is important that disbursement is not delayed it’s equal important not to reward unscrupulous entities. A simple process of declaration and liability to be penalised in case of improper declaration or complaints proven to be true can be adopted as a safeguard.
It will be unfortunate as well plain stupidity on part of our authorities if interest waiver benefit is given without a basic check on compliance like payment of minimum wages or basic salary to workers during the initial 60 days of lockdown. Compliance and accountability for employee welfare must be mandatory for any organisation to receive public funds as grace. While it is important that disbursement is not delayed it’s equal important not to reward unscrupulous entities. A simple process of declaration and liability to be penalised in case of improper declaration or complaints proven to be true can be adopted as a safeguard.