The government and the Reserve Bank of India have together announced stimulus measures worth Rs 29,87,641 crore or 15% of the country’s Gross Domestic Product to revive the economy which has been hit hard by the restrictions induced by COVID-19, said Finance Minister Nirmala Sitharaman. by announcing stimulus measures under …
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In another stimulus package ahead of Diwali to boost economic growth, Finance Minister Nirmala Sitharaman announced an income tax relief for home buyers under the Atmanirbhar 3.0 stimulus measures. Relaxations will be provided for houses up to Rs 2 crore. “The difference between the circular rate and the value of …
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To create more jobs, Finance Minister Nirmala Sitharaman announced on Thursday a special subsidy plan: Aatma Nirbhar Bharat Rozgar Yojana. Under the scheme, those establishments that make new hires will receive a special EPF subsidy from the central government. The EPF statutory allowance will be awarded for a period of …
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Finance Minister Nirmala Sitharaman announced Atmanirbhar Bharat Rozgar Yojana on Thursday, aiming to incentivize the creation of new job opportunities during the economic recovery phase of Covid-19. The new scheme will benefit any new employee entering employment in EPFO registered establishments with monthly salaries below Rs 15,000. The new scheme …
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The scheme will be effective as of October 1, 2020 and will be active until June 30, 2021. Finance Minister Nirmala Sitharaman unveiled a new plan called Atma Nirbhar Bharat Rozgar Yojana and announced incentives for home buyers as part of Atmanirbhar 3.0 stimulus measures aimed at boosting economic growth. …
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Finance Minister Nirmala Sitharaman said Thursday that global rating agency Moody’s has reassessed the country’s growth figures after noting the rapid recovery from Covid-19 in the country. “I would like to announce some new measures in the series of stimulus announcements that we have been making … there are quite …
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A day after announcing a plan to boost the manufacturing sector, Finance Minister Nirmala Sitharaman will meet with the press to announce more stimulus. On Wednesday, the government approved a production-linked incentive (PLI) scheme for ten key sectors, including telecommunications, automobiles and pharmaceuticals, bringing the total outlay for such incentives …
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Finance Minister Nirmala Sitharaman announced new stimulus measures to rescue the economy from a historic contraction. “Various indicators show that the recovery is clearly happening in the economy … The strong recovery is based on the relentless reforms that the government has carried out in a systematic way,” the finance …
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After several rounds of discussion, the government has almost finalized the next stimulus package, the source said, adding that the size of the stimulus could be much smaller than the previously announced amount of Rs 20 lakh crore. The government may announce the reintroduction of Pradhan Mantri Rojgar Protsahan Yojna …
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Congressional leader Rahul Gandhi once again targeted Prime Minister Narendra Modi, claiming that India has entered a recession due to decisions made by the prime minister. “India has entered a recession for the first time in history. Modi’s actions have turned India’s strength into its weakness, ”Gandhi tweeted on Thursday. …
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