[ad_1] The central government announced six reforms on Wednesday to shore up Micro, Small and Medium Enterprises (MSMEs), considered the backbone of the Indian economy, affected by the economic crisis caused by the coronavirus outbreak. The finance minister, in announcing the reforms, said the changes were aimed at making the …
Read More »Chidambaram on economic package: Waiting for FM to fill the blank page given by PM Modi
[ad_1] By: Express Web Desk | New Delhi | Updated: May 13, 2020 3:15:48 pm Chidambaram said he was looking forward to the finance minister filling the blank page left by Modi. (File photo) Former finance minister and senior Congress leader P Chidambaram has mocked the Rs 20 lakh crore …
Read More »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 …
Read More »Markets return to winning ways in stimulus; Sensex claims 32k mark – business news
[ad_1] Breaking a two-session losing streak, the BSE Sensex racked up 637 points on Wednesday as investors applauded the government’s Rs 20 lakh crore stimulus package for the coronavirus-affected economy. After gathering 1,474.36 points during the day, the benchmark of 30 shares delivered some gains to settle 637.49 points or …
Read More »FM begins to press Rs 20 lakh crore package, says ‘atmanirbharta’ does not mean isolationism
[ad_1] Nirmala Sitharaman in the economic package Latest updates: The finance minister addresses a press, where he is expected to give the details of the Center’s Rs 20 lakh crore economic package. The prime minister announced the Aatma Nirbhar Bharat package that will focus on making India self-sufficient on Tuesday. …
Read More »FM will shortly announce the details of the economic package of Rs 20 lakh crore from the Center
[ad_1] Nirmala Sitharaman in the economic package Latest updates: Twitter will allow its employees to work from home “forever,” CEO Jack Dorsey said Tuesday in a company-wide email. Interior Minister Amit Shah announced on Wednesday that all canteens of the Central Police Armed Forces (CAPF) such as CRPF and BSF …
Read More »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 …
Read More »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 …
Read More »3 Lakh Crore loan for MSMEs The government can probably pay wages: sources
[ad_1] Each registered MSME may be eligible for an additional 20 percent loan, according to sources. New Delhi: The government is considering a proposal to guarantee up to Rs 3 million in small business loans as part of a plan to restart the coronavirus-battered economy and a 50-day blockade, sources …
Read More »Nirmala Sitharaman to announce details of economic package at 4 pm today
[ad_1] NEW DELHI : A day after Prime Minister Narendra Modi announced to ₹20 lakh crore economic relief package, finance minister Nirmala Sitharaman would announce details of the stimulus at 4 pm today. In his address to the nation yesterday, PM Modi had announced that the government has planned new …
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