Prime Minister Narendra Modi praised Union Finance Minister Nirmala Sitharaman on Monday after she announced measures worth 73 billion rupees to stimulate consumer spending in the economy in an effort to combat the slowdown due to to the coronavirus pandemic. “Today’s announcements from FM @nsitharaman Ji are timely moves that …
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[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 …
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[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 …
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[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 …
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[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 …
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[ad_1] Union Finance Minister Nirmala Sitharaman on Wednesday made a series of announcements and shared details of the Rs 20 lakh crore economic package announced by PM Modi to the fight the coronavirus crisis. The finance minister announced that the due date for all income tax returns has been extended …
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[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 …
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[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 …
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