India to announce fiscal package to help economy face coronavirus: minister

• Sitharaman relaxed a number of tax compliance rules for individuals and firms and also raised the threshold of triggering insolvency cases to 10mn rupees from 100,000 rupees currently.

Sitharaman relaxed a number of tax compliance rules for individuals and firms and also raised the threshold of triggering insolvency cases to 10mn rupees from 100,000 rupees currently.

India has reported 482 cases of the coronavirus but health experts have warned that a big jump could be imminent.