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Nirmala Sitharaman on Economic Package LIVE Updates: FM likely to share details of 20 Lakh Crore Package
Nirmala Sitharaman speech today Live Updates: Nirmala Sitharaman will address a press conference at 4PM today. She is expected to announce the details of 20 Lakh Crore Economic Package announced by Prime Minister Narendra Modi on 12th May.
Nirmala Sitharaman will address a press conference at 4PM today. She is expected to announce the details of 20 Lakh Crore Economic Package announced by Prime Minister Narendra Modi on 12th May.
Yesterday, Narendra Modi spoke about making India self-reliant and announced Aatma Nirbhar Economic Package with emphasis on land, liquidity and laws.
Finance Minister is expected to announce relief package for MSME sector which has got affected at large due to consective lockdowns.
Stay tuned with The Hans India for Live updates of Finance Minister Nirmala Sitharaman's Press Conference
Live Updates
- 13 May 2020 5:24 PM IST
Government announces Rs. 90,000 crore liquidity injection for DISCOMs
Keeping in view that the earnings of the Power Distribution companies had plummeted, the government has provisioned for loans for them against state guarantees. This will be done exclusively for the purpose of clearing the dues of power generation companies.
To give a fillip to DISCOMs with plummeting revenue and facing an unprecedented cash flow problem, Government announces Rs. 90,000 Crore Liquidity Injection for DISCOMs. #AatmaNirbharBharatAbhiyan pic.twitter.com/EVqz8nsm4p
— PIB India #StayHome #StaySafe (@PIB_India) May 13, 2020 - 13 May 2020 5:23 PM IST
Here are the details of support planned for EPF establishments
In order to provide more take home salary for employees and to give relief to employers in payment of PF, EPF contribution is being reduced for Businesses & Workers for 3 months, amounting to a liquidity support of Rs 6750 crores. #AatmaNirbharBharatAbhiyan pic.twitter.com/VSysfvk4KU
— PIB India #StayHome #StaySafe (@PIB_India) May 13, 2020 - 13 May 2020 5:22 PM IST
Govt extends support on EPF for eligible firms till August
The government also decided to extend the previous measures announced under PM Garib Kalyan Yojna for another three months. This means that government will pay the employer's share for firms with 100 staff, earning less than Rs 15,000, till August. Nearly 3.6 lakh establishments are expected to benefit by this. This should provide Rs 2500 crore liquidity.
- 13 May 2020 4:56 PM IST
Definition of MSMEs has been revised, investment limit to be revised upwards, additional criteria of turnover also being introduced: Finance Minister Nirmala Sitharaman pic.twitter.com/BHYcGWD9H2
— ANI (@ANI) May 13, 2020 - 13 May 2020 4:55 PM IST
Global tenders to be disallowed in government procurement up to Rs 200 crores. This will make self-reliant India, will also then be able to serve 'Make in India': Finance minister
- 13 May 2020 4:53 PM IST
Definition of MSMEs has been revised, investment limit to be revised upwards, additional criteria of turnover also being introduced: Nirmala Sitharaman
- 13 May 2020 4:53 PM IST
Rs 20,000 cr subordinate debt for stressed MSMEs to be provided; 2 lakh MSMEs to benefited: FM
- 13 May 2020 4:52 PM IST
Collateral free loan to be provided to SMEs with 12 month moratorium; 45 lakh units to benefit, says FM
- 13 May 2020 4:52 PM IST
Rs 18,000 crore refunds given to tax payers; 14 lakh taxpayers benefitted from clearing of refund dues, says finance minister
- 13 May 2020 4:52 PM IST
Government to provide stressed MSMEs with equity support; government will facilitate the provision of Rs. 20,000 Crores as subordinate debt: Nirmala Sitharaman
