The government has launched some relief measures for the textile industry. Pending GST refunds would be cleared within the next 30 days. Every refund for future GST matters will be solved within 60 days. CSR violations will not to be treated as criminal offence. There will be one definition for a medium and small enterprise. A one-time loan settlement through a check box approach will help medium and small enterprises and retail borrowers.

Banks have agreed to link their interest rates to repo rates. A sum of Rs 70,000 crores will be infused upfront into public sector banks to enable them release Rs 5 lakh crores liquidity in the market. All old tax notices will be addressed by October 1 or uploaded on the system again to increase transparency. Faceless scrutiny of I-T returns will happen from Vijayadashmi 2019. In labor laws, fixed-term employment is being facilitated. Web-based jurisdiction is being done for a free inspection. Inspection has to be uploaded within 48 hours. Compounding of offences will be a priority. The decision of banks to pass on rate cuts through MCLR reduction to benefit all borrowers is expected to be a great relief to the financially stressed Tirupur knitwear garment exporting units in the small and medium sector.