Covid-19: PM emphasizes the need for reforms, supports companies

• PM met Finance Minister Nirmala Sitharaman to discuss financial stability, ways of improving liquidity and credit flows 
• Modi also discussed strategies for supporting micro, small and medium-sized enterprises, or SMEs, and farmers.
• NEW DELHI: In a meeting with Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi stressed the need to help industries, speed up infrastructure projects and ensure financial stability and liquidity as India sees a gradual lifting of the national lockdown, an official statement said late Saturday night.
• Modi and Sitharaman addressed required financial sector interventions and structural reforms to boost growth as movement and trade restrictions imposed since 25 March are slowly being lifted. Modi addressed approaches to help micro, small and medium-sized enterprises (MSMEs) and farmers, and ways of improving liquidity and credit flows.
• The talks included examples of financial stability and measures taken to help businesses recover faster from the effects of coronavirus.
• "The reform initiatives undertaken by the different ministries should continue unabated, and action should be taken in a time-bound manner to eliminate any barriers to investment flows and capital development," the statement said, quoting Modi.
• Modi pointed out the need to build remunerative career opportunities by helping businesses solve difficulties due to difficulties caused by covid-19, the statement said.
• Modi has been addressing key sectors of the economy including agriculture, power and aviation with officials and cabinet members so that big reform initiatives and massive state-run projects take off as soon as possible.
• "The Prime Minister also emphasized the need to reinforce significant past and current systemic reforms in corporate governance, credit markets, and infrastructure sectors," the statement said.
• On Friday, Modi had asked officials to speed up the privatization of six more airports to add air travel productivity and help generate revenue for the exchequer.