[ad_1] The second installment of Finance Minister Nirmala Sitharaman of the Rs 20 lakh crore financial aid package Atma Nirbhar Bharat on Thursday focused on farmers, migrant workers and street vendors. In addition to free food grain for migrant workers and credit facilities for street vendors and concessional credit for …
Read More »Free supply of food grains for 8 million crore for the next 2 months: Nirmala Sitharaman
[ad_1] Finance Minister Nirmala Sitharaman announced on Thursday the second tranche of the Rs 20 lakh crore economic stimulus package focused on migrants, street vendors, traders, freelancers and small farmers. The minister announced the free provision of food grains to all migrants who are not cardholders in the amount of …
Read More »Nirmala Sitharaman press conference: Rs 9250 crore relief for provident fund contributors
[ad_1] The central government has announced assistance related to the Employee Provident Fund (EPF) for companies and individuals employed in the private sector by extending its contribution to the EPFO for an additional three months for small businesses and reducing the mandatory contributions of the employers’ EPF and employed by …
Read More »Nirmala Sitharaman announces infusion of Rs 45,000 cr for NBFC
[ad_1] The government on Wednesday launched a life preserver to the stressed shadow Indian banking sector with an announcement of a Rs 45 billion liquidity infusion through a Partial Credit Guarantee Scheme (PCGS) 2.0 for non-bank financial companies ( NBFC) Union Finance Minister Nirmala Sitharaman made the announcement as part …
Read More »Covid’s special package has 6 MSME reforms to drive PM Modi’s India mantra
[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 »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 »Employers, employees contribution to EPF reduced to 10%, announces FM Sitharaman – business news
[ad_1] Union finance minister Nirmala Sitharaman on Wednesday announced the statutory provident fund or PF contribution of both employer and employee will be reduced to 10% each from existing 12% each for all establishments covered by EPFO for the next three months. Nirmala Sitharaman was addressing a press conference to …
Read More »