Tag Archives: Economic package

Nirmala Sitharaman says statutory PF contribution slashed to 10%; Center announces liquidity scheme for NBFCs

[ad_1] Coronavirus Outbreak Latest Updates: Finance Minister Nirmala Sitharaman announced that the statutory PF contribution is being reduced from 12 percent to 10 percent. Government to infuse Rs 50,000 crores liquidity by reducing rates of TDS, for non-salaried specified payments made to residents, and rates of Tax Collection at Source …

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India’s Covid-19 package is almost equal to Pakistan’s GDP

[ad_1] The economic package announced by Prime Minister Narendra Modi in addressing the nation on Tuesday to help small businesses overcome the coronavirus crisis, is almost equal to Pakistan’s gross domestic product (GDP). The size of India’s financial package is $ 266 billion, or 10 percent of its gross domestic …

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Additional is Rs 13.5 Lakh Crore

[ad_1] Prime Minister Narendra Modi said Tuesday that the country would provide Rs 20 lakh crore ($ 266 billion) in fiscal and monetary measures to support an economy hit by a week-long lockdown to combat the new coronavirus. India has more than 70,000 cases among its 1.3 billion population and …

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