Stimulus package 2.0: Nirmala Sitharaman details govt's plan to put money in people's pockets | Highlights
4 years, 7 months ago

Stimulus package 2.0: Nirmala Sitharaman details govt's plan to put money in people's pockets | Highlights

India Today  

Finance Minister Nirmala Sitharaman on Tuesday shared the partial details about the key stimulus package announced by PM Narendra Modi to revive the economy. "Thes provisions will help real estate industry destress and deliver projects in future," Finance Minister Nirmala SItharaman..@MoHUA_India will advise States/UTs and their Regulatory Authorities to extend the registration and completion date suo-moto by 6 months for all registered projects expiring on or after 25th March, 2020 without individual applications pic.twitter.com/SBChFjXVGv — PIB India #StayHome #StaySafe May 13, 2020 05.03 PM: Government agencies to give up to six months extensions to construction and goods and services contractors. #AatmaNirbharBharatAbhiyan pic.twitter.com/02uw5GO1TE — PIB India #StayHome #StaySafe May 13, 2020 04.46 PM: E-market linkages will be provided to all MSMEs to ensure that they can market themselves in the absence of trade fairs and exhibitions in post-Covid world: Finance Minister Nirmala Sitharaman 04.43 PM: For government procurement, tenders up to Rs 200 crores will not be on the global route, said Finance Minister. Essentially the economic package is to spurt growth and to build a very self reliant India and that is why this whole initiative is called Atmanirbhar Bharat Abhiyan: Finance Minister Nirmala Sitharaman 04:04 PM: The Finance Ministry press conference on stimulus package 2.0 begins 03:45 PM: It may be noted that economic package, as specified by Prime Minister Narendra Modi yesterday, will focus extensively on MSMEs, but it will also include relief for honest taxpayers besides giving a much-needed liquidity push to the economy.

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History of this topic

Good news for FD investors: Finance Minister Nirmala Sitharaman likely to make major announcements in Budget
6 days, 11 hours ago

Good news for FD investors: Finance Minister Nirmala Sitharaman likely to make major announcements in Budget

India TV News  

Fixed deposit investors may soon have a reason to celebrate as Finance Minister Nirmala Sitharaman makes an important announcement in the upcoming Union Budget for FY 2025-26. Expected announcements in the budget Tax exemptions for FDs : Tax relief on income generated from fixed deposits and shorter lock-in periods for tax-saving FDs. Funds for MSMEs and green initiatives : Specific …

Market leaders urge finance minister to take liquidity-boosting measures in upcoming budget
1 week ago

Market leaders urge finance minister to take liquidity-boosting measures in upcoming budget

Live Mint  

New Delhi: Industry leaders from the capital market and financial sector urged measures to boost liquidity in the market and cut taxes on fixed deposit products in pre-budget consultations with finance minister Nirmala Sitharaman on Thursday. The proposals made by the capital market and financial sector included suggestions to align the taxation of fixed deposit products with that of equity …

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all
5 months, 2 weeks ago

Nirmala Sitharaman announces PM-Awas Yojana Urban 2.0 for housing for all

India Today  

Finance Minister Nirmala Sitharaman announced PM Awas Yojana-Urban 2.0 aimed at housing for all while presenting Budget 2024. Finance Minister Nirmala Sitharaman says, "Urban Housing: Under the PM Awas Yojana-Urban 2.0, the housing needs of 1 crore poor and middle-class families will be addressed with an investment of Rs 10 lakh crores. In the 2024 Budget, Finance Minister Nirmala Sitharaman …

Interim Budget: FM announces ₹1 trillion corpus for research in technology
11 months, 1 week ago

Interim Budget: FM announces ₹1 trillion corpus for research in technology

Hindustan Times  

Union finance minister Nirmala Sitharaman, presenting the Interim Budget 2024 in Parliament on Thursday, announced a ₹1 lakh crore corpus to help finance research in technology. Union finance minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha on Thursday. Calling innovation the “foundation of development”, Sitharaman said, “A corpus of ₹1 lakh crore will be established with …

Centre plans fresh stimulus package
2 years, 11 months ago

Centre plans fresh stimulus package

Live Mint  

The government has begun discussing a fresh set of economic and welfare measures designed to keep the economy humming and the poorest shored up through income support amid the current wave of the pandemic. Just days after the finance minister presented a budget that tilted toward increased spending, two government officials privy to the development said new measures being discussed …

Budget 2022: Govt's big emergency credit push | Top points
2 years, 11 months ago

Budget 2022: Govt's big emergency credit push | Top points

India Today  

Finance Minister Nirmala Sitharaman in her Budget 2022 speech on Tuesday announced that the Emergency Credit Line Guarantee Scheme that provided much needed additional credit to over 1.3 crore MSMEs will be extended till March 2023. Considering these aspects, the ECLGS will be extended up to March 2023 and its guarantee cover will be expanded by Rs 50,000 crore to …

PM Modi to release 10th installment of PM-KISAN today: All you need to know
3 years ago

PM Modi to release 10th installment of PM-KISAN today: All you need to know

Hindustan Times  

Prime Minister Narendra Modi will on Saturday release the 10th installment of financial benefit under Pradhan Mantri Kisan Samman Nidhi scheme. According to an official statement from the Prime Minister's Office, an amount of over ₹20,000 crore will be transferred to more than 10 crore beneficiary farmer families. Meanwhile, during the event, the Prime Minister will also release an equity …

Will fresh Covid stimulus package boost Indian economy? Here's what economists say
3 years, 6 months ago

Will fresh Covid stimulus package boost Indian economy? Here's what economists say

India Today  

Finance Minister Nirmala Sitharaman on Monday announced several financial measures to boost the economy that has been battered by the Covid-19 pandemic. Read | Finance Minister Sitharaman's Rs 6.28 lakh crore Covid stimulus package | 8 announcements WHAT EXPERTS FEEL ABOUT STIMULUS PACKAGE Industry leaders and economists are not fully convinced that the fresh economic relief measures announced by the …

Finance Ministry stimulus package | Free visas to 5 lakh tourists, financial support for tourism sector
3 years, 6 months ago

Finance Ministry stimulus package | Free visas to 5 lakh tourists, financial support for tourism sector

The Hindu  

The government will provide free visas to 5 lakh tourists visiting India, Finance Minister Nirmala Sitharaman said on Monday. Announcing measures to revive the tourism sector battered by Covid-19, Ms Sitharaman said financial support would be provided to more than 11,000 registered tourist guides, travel and tourism stakeholders. She said once the visa issuance for international travel is restarted, the …

Nirmala Sitharaman announces new COVID-19 stimulus measures: From Rs 23,220 cr for public health to free 5 lakh tourist visas, key highlights
3 years, 6 months ago

Nirmala Sitharaman announces new COVID-19 stimulus measures: From Rs 23,220 cr for public health to free 5 lakh tourist visas, key highlights

Firstpost  

Nirmala Sitharaman press latest news: conference Key highlights: Today finance minister has announced, From Rs 23,220 cr for public health to free 5 lakh tourist visas, FM announces 8 major relief measures to boost COVID-affected sectors Addressing a press conference on Monday, Union finance minister Nirmala Sitharaman announced a slew of relief measures including an Rs 1.1 lakh crore loan …

FM Nirmala Sitharaman announces Rs 1.1 lakh crore loan guarantee scheme for Covid-hit sectors
3 years, 6 months ago

FM Nirmala Sitharaman announces Rs 1.1 lakh crore loan guarantee scheme for Covid-hit sectors

India Today  

Finance Minister Nirmala Sitharaman on Monday announced a credit guarantee scheme worth Rs 1.1 lakh crore for Covid-affected sectors. READ: Finance Minister Sitharaman's Rs 6.28 lakh crore Covid stimulus package | 8 announcements She also said that the interest rate on the new credit guarantee scheme is two per cent below the RBI prescribed rate, with a loan duration of …

Finance Minister Sitharaman's Rs 6.28 lakh crore Covid stimulus package | 8 announcements
3 years, 6 months ago

Finance Minister Sitharaman's Rs 6.28 lakh crore Covid stimulus package | 8 announcements

India Today  

Union Finance Minister Nirmala Sitharaman held a press conference on Monday to announce a Rs 6.28 lakh crore stimulus package. Expansion of healthcare infrastructure Sitharaman said apart from the credit guarantee scheme for the healthcare sector, an amount of Rs 23,220 crore has been earmarked for expansion of medical infrastructure for one year. Rs 1.1 lakh crore loan guarantee scheme …

Centre's Stimulus Package a Gimmick for Headline Management in Face of RBI's Indictment: CPI(M)
4 years, 1 month ago

Centre's Stimulus Package a Gimmick for Headline Management in Face of RBI's Indictment: CPI(M)

News 18  

The CPI on Friday said the latest stimulus package announced by Finance Minister Nirmala Sitharaman did not amount to any significant hike in the government's expenditure and was merely a gimmick for headline management. The measures, which also include additional fertiliser subsidy and already announced production-linked incentive scheme for manufacturing units, totalled Rs 2.65 lakh crore, taking the cumulative stimulus …

Centre rolls out ₹1.19 lakh-crore stimulus package
4 years, 1 month ago

Centre rolls out ₹1.19 lakh-crore stimulus package

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday announced a fresh set of relief and stimulus measures for the economy worth ₹1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic. Atma Nirbhar Bharat Abhiyan 3.0 | An attempt to suppress RBI’s gloomy forecast: Congress MGNREGA boost To spur rural …

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy
4 years, 1 month ago

Nirmala Sitharaman press meet updates | Finance Minister announces 12 schemes to boost economy

The Hindu  

A day after announcing a scheme to boost manufacturing sector, Finance Minister Nirmala Sitharaman is meeting the press to announce more stimulus. The government on Wednesday approved a Production-Linked Incentive scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period. 3000 crore for …

Nirmala Sitharaman LIVE: Tax relief for buyers of homes priced up to Rs 2cr
4 years, 1 month ago

Nirmala Sitharaman LIVE: Tax relief for buyers of homes priced up to Rs 2cr

Business Standard  

Finance Minister Nirmala Sitharaman on Thursday said that a few indicators were showing a distinct recovery in the economy. To boost employment, the government launched the Atmanirbhar Bharat Rozgar Yojana to incentivise the creation of new employment opportunities. In addition, the government announced relaxations in income-tax rules to push sale of primary residential units of up to Rs 2 crore …

Nirmala Sitharaman to Unveil Another Stimulus Package Soon to Boost Covid-19 Hit Economy, Says Economic Affairs Secy
4 years, 2 months ago

Nirmala Sitharaman to Unveil Another Stimulus Package Soon to Boost Covid-19 Hit Economy, Says Economic Affairs Secy

News 18  

Finance Minister Nirmala Sitharaman will soon announce the next set of stimulus package to boost the coronavirus-hit economy, Economic Affairs Secretary Tarun Bajaj said on Tuesday. The government had announced a Rs 1.70 lakh crore Pradhan Mantri Garib Kalyan Yojana in March to protect the poor and vulnerable sections from the impact of COVID-19 crisis. It was followed by the …

We are working on the next stimulus package: Economic affairs secretary
4 years, 2 months ago

We are working on the next stimulus package: Economic affairs secretary

Live Mint  

Days after finance minister Nirmala Sitharaman said that she has not closed the option of another round of stimulus in the current fiscal, a senior finance ministry official on Wednesday said that the ministry is working on the next stimulus package. Based on the various suggestions that we have received from all of you, we will be working on it …

FM hints at fresh round of stimulus for this fiscal year
4 years, 2 months ago

FM hints at fresh round of stimulus for this fiscal year

Live Mint  

The government has not closed the option of a third stimulus package in the current financial year, finance minister Nirmala Sitharaman said on Monday, a week after announcing measures to boost consumer spending and capital expenditure. So, I have not closed the option to come up with one more stimulus,” Sitharaman said at the virtual launch of the autobiography of …

Finance minister hints at another round of stimulus package in FY21
4 years, 2 months ago

Finance minister hints at another round of stimulus package in FY21

Live Mint  

Finance minister Nirmala Sitharaman on Monday said the government has not closed the option of a third stimulus package in the current financial year ending 31 March, 2021, a week after announcing demand measures to boost consumer spending and capital expenditure in the economy. So I have not closed the option to come up with one more stimulus,” Sitharaman said …

Fresh Stimulus to Boost Domestic Demand, Push Economic Activity: Niti Aayog Vice-Chairman
4 years, 2 months ago

Fresh Stimulus to Boost Domestic Demand, Push Economic Activity: Niti Aayog Vice-Chairman

News 18  

The fresh stimulus package announced by Finance Minister Nirmala Sitharaman to boost domestic demand will give a much-needed push to economic activity, Niti Aayog Vice-Chairman Rajiv Kumar said on Monday. Sitharaman announced a Rs 73,000 crore package, including advance payment of a part of wages to central government employees and cash in lieu of LTC, to stimulate consumer demand and …

Finance Minister’s stimulus concedes failure of ₹20 lakh crore Atma Nirbhar package: Congress
4 years, 2 months ago

Finance Minister’s stimulus concedes failure of ₹20 lakh crore Atma Nirbhar package: Congress

The Hindu  

The Congress on Monday said the latest announcements by Finance Minister Nirmala Sitharaman about a fiscal stimulus is an admission that the much hyped ₹20-lakh crore Atma Nirbhar package was a “dismal failure to protect or revive the ravaged economy”. The party said the Finance Minister’s intent is really to manage headlines and “somehow believe that the economy will respond …

Govt’s steps will boost consumer spending, demand in economy: PM Modi
4 years, 2 months ago

Govt’s steps will boost consumer spending, demand in economy: PM Modi

Live Mint  

The announcements made by Finance Minister Nirmala Sitharaman on 12 October are "timely moves", which will boost demand in economy, Prime Minister Narendra Modi wrote in a tweet. What Nirmala Sitharaman announced FM Sitharaman today announced measures of ₹73,000 crore to stimulate consumer spending in the economy in an effort to fight the slowdown due to coronavirus pandemic following lockdown. …

Finance Minister announces govt schemes to boost consumer demand
4 years, 3 months ago

Finance Minister announces govt schemes to boost consumer demand

Op India  

Finance Minister Nirmala Sitharaman has announced a slew of measures to stimulate the slowing economy in the wake of coronavirus-induced lockdown. 2nd part of the Modi Govt's plan to boost consumer demand is a one-time restoration of the festival advance for central govt employees through the Special Festival Advance Scheme. LTC cash voucher scheme announced for government employees To spur …

Put cash in the hands of people and businesses
4 years, 7 months ago

Put cash in the hands of people and businesses

Hindustan Times  

Prime Minister Narendra Modi has included long-awaited policy decisions in his economic stimulus package to get growth back on track. The stimulus package also commits the PM to fulfil his ambition to open up space for private sector participation in all sectors The Covid-19 package promises to amend the restrictive Essential Commodities Act, 1955, to allow farmers to sell their …

RBI board member Satish Marathe says stimulus package fails to involve banks as frontline warriors in economic revival
4 years, 7 months ago

RBI board member Satish Marathe says stimulus package fails to involve banks as frontline warriors in economic revival

Firstpost  

The stimulus package announced by Finance Minister Nirmala Sitharaman “fails to involve” banks in the economic revival process, a member of the Reserve Bank of India’s central board said on Wednesday Mumbai: The stimulus package announced by Finance Minister Nirmala Sitharaman “fails to involve” banks in the economic revival process, a member of the Reserve Bank of India’s central board …

‘Stimulus to cost only about 1% of GDP’
4 years, 7 months ago

‘Stimulus to cost only about 1% of GDP’

The Hindu  

The much-hyped ₹20-lakh crore economic package announced by Prime Minister Narendra Modi will have a minimum impact on the fiscal cost, estimated at about 1% of the Gross Domestic Product. “As a result, the package may fall short of mitigating the near-term existential crisis for businesses and workers, but is better designed to improve India’s medium-term growth potential and attract …

Stimulus package: No fiscal excesses, but growth prospects remain dim
4 years, 7 months ago

Stimulus package: No fiscal excesses, but growth prospects remain dim

Business Standard  

In five press briefings held in as many days, Finance Minister Nirmala Sitharaman has announced several measures to provide support to individuals and the economy, which have been hit severely by successive nationwide lockdowns to prevent the spread of coronavirus. Earlier, Prime Minister Narendra Modi had announced that his govt would provide a massive Rs 20-trillion economic stimulus package to …

Coronavirus lockdown | Fifth tranche of economic package focusses on reforms, says Nirmala Sitharaman
4 years, 7 months ago

Coronavirus lockdown | Fifth tranche of economic package focusses on reforms, says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Sunday said reforms will be the focus of the fifth and final tranche of economic stimulus package to deal with the economic fallout of the COVID-19 pandemic. “Further, 0.50 per cent if milestones are achieved in at least three out of four reform areas.” Stimulus package includes ₹8 lakh cr liquidity measures by RBI Ms. …

Stimulus announced by govt, RBI amount to Rs 20.97 lakh crore: FM Sitharaman gives a break-up
4 years, 7 months ago

Stimulus announced by govt, RBI amount to Rs 20.97 lakh crore: FM Sitharaman gives a break-up

Hindustan Times  

Union finance minister Nirmala Sitharaman said on Sunday the overall economic stimulus package under the Atmanirbhar Bharat mission amounts to Rs 20,97,053 as she gave a summary of the funds issued so far. Union Finance Minister Nirmala Sitharaman had focused on the Micro Small and Medium Enterprises and the middle class on Wednesday According to Nirmala Sitharaman, the first tranche …

FM Nirmala Sitharaman sums up economic stimulus package with big announcements | Highlights
4 years, 7 months ago

FM Nirmala Sitharaman sums up economic stimulus package with big announcements | Highlights

India TV News  

Union Finance Minister Nirmala Sitharaman addressed the media to announce the fifth and the final tranche of the stimulus package worth Rs 20 lakh crore declared by Prime Minister Narendra Modi on Tuesday. Nirmala Sitharaman Press Conference: Highlights The overall stimulus package under the Atmanirbhar Bharat amounts to Rs 20,97,053 crores: Nirmala Sitharaman The stimulus provided in the fourth & …

Centre announces all 5 tranches of Atmanirbhar Bharat stimulus package | Here's the break-up
4 years, 7 months ago

Centre announces all 5 tranches of Atmanirbhar Bharat stimulus package | Here's the break-up

India Today  

The Union Finance Ministry on Sunday announced the fifth and the final tranche of the Rs 20 lakh crore Atmanirbhar Bharat stimulus package. The final tranche mainly allocated an additional Rs 40,000 crore to the Mahatma Gandhi National Rural Employment budget estimate to ensure that migrants do not face unemployed amid the nationwide lockdown, and a viability gap funding of …

Nirmala Sitharaman press conference updates | Final tranche of stimulus package will be announced on Sunday at 11 am
4 years, 7 months ago

Nirmala Sitharaman press conference updates | Final tranche of stimulus package will be announced on Sunday at 11 am

The Hindu  

Union Finance Minister Nirmala Sitharaman's fourth tranche of economic package is largely devoted to policy and structural reforms in key sectors including power, coal, defence and aircraft MRO. Here are the live updates: 5.20 pm Union Finance Minister Nirmala Sitharaman concluded her press conference by saying "The final tranche of the stimulus package will be announced in an 11 am …

Sitharaman Announces Hike in FDI Limits for Defence Production, Ban on Certain Imports of Weapons
4 years, 7 months ago

Sitharaman Announces Hike in FDI Limits for Defence Production, Ban on Certain Imports of Weapons

News 18  

Nirmala Sitharaman Press Conference LIVE Updates: Finance Minister Nirmala Sitharaman today announced easing of restrictions on utilisation of Indian air space, benefiting civil aviation sector by about Rs 1,000 crore per year. Addressing the nation fourth time on Rs 20 lakh crore economic stimulus announced by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman today allowed commercial mining of coal …

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure
4 years, 7 months ago

Nirmala Sitharaman on Economic Package: FM announces setting up of Rs 1 lakh cr agri fund for farm-gate infrastructure

Firstpost  

Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure In a move to strenghten infrastructure in agriculture, Finance Minister Nirmala Sitharaman on Friday announced setting up of a Rs 1 lakh crore agri infrastructure fund for farm-gate infrastructure. 1 lakh crore will be provided for funding Agriculture Infrastructure …

Stimulus or sleight of hand? Rs 6L crore is the packaging, Rs 24k crore is the cake
4 years, 7 months ago

Stimulus or sleight of hand? Rs 6L crore is the packaging, Rs 24k crore is the cake

Deccan Chronicle  

Chennai: While the first tranche of the stimulus package announced on Wednesday by finance minister Nirmala Sitharaman for MSMEs, NBFCs and others gave the impression of a Rs 6-lakh crore headline package, the actual cost borne by the government in FY21 will be just Rs 24,000 crore. Billed as the first tranche of the Rs 20-lakh crore package, the actual …

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
4 years, 7 months ago

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs

Firstpost  

The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises will encourage banks to lend more to the sector, bankers said Mumbai: The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises will encourage banks to lend more to the sector, bankers said. “The measures for MSME through …

Sitharaman presser on 2nd tranche of economic stimulus package | LIVE
4 years, 7 months ago

Sitharaman presser on 2nd tranche of economic stimulus package | LIVE

India TV News  

Finance Minister Nirmala Sitharaman on Thursday addressed the media to give further details on Rs 20 lakh crore economic stimulius package announced by PM Modi during his Tuesday's televised address to the nation. Earlier on Wednesday, Sitharaman laid out details of Modi government's Rs 20 lakh crore economic stimulus package which included Rs 30,000 crore Special Liquidity Scheme for non-banking …

Stimulus package Day 2: Free food, credit & housing in focus as govt unveils sops for migrants, farmers
4 years, 7 months ago

Stimulus package Day 2: Free food, credit & housing in focus as govt unveils sops for migrants, farmers

India Today  

Finance Minister Nirmala Sitharaman on Thursday announced the second tranche of measures to revive the economy hit hard by novel coronavirus outbreak. The package announced by FM Sitharaman on Thursday totals to Rs 3.16 lakh crore and includes sops like free food grains for migrant workers, concessional credit to farmers and working capital loan for street vendors. To further ease …

Liquidity lifeline: The Hindu Editorial on Nirmala Sitharaman’s MSME package
4 years, 7 months ago

Liquidity lifeline: The Hindu Editorial on Nirmala Sitharaman’s MSME package

The Hindu  

From an overall perspective, the first tranche of announcements made by Finance Minister Nirmala Sitharaman under the Atmanirbhar Bharat Abhiyan on Wednesday is impressive indeed. The ₹20,000 crore partially guaranteed subordinated debt programme and the ₹50,000 crore fund of funds scheme will help boost the equity portion on MSME finances but again, the finer details need to be clear. NBFCs, …

Opposition terms Centre's economic package 'big disappointment' with nothing for migrants; BJP hails first set of measures
4 years, 7 months ago

Opposition terms Centre's economic package 'big disappointment' with nothing for migrants; BJP hails first set of measures

Firstpost  

The first set of the Centre’s economic relief package unveiled on Wednesday received criticism from Opposition parties, including the Left and TMC, who called the measures a “disappointment” and a “big zero” that has “nothing” for migrant workers. — P. Chidambaram May 13, 2020 While Opposition parties, including the Left and the Trinamool Congress, flayed the government, the ruling BJP …

Equity infusion for MSMEs hailed
4 years, 7 months ago

Equity infusion for MSMEs hailed

The Hindu  

Investors from North Andhra, while hailing the ₹20 lakh-crore stimulus package announced by Prime Minister Narendra Modi, have welcomed the ₹50,000-crore equity infusion for the MSMEs through ‘fund of funds’. CII national council member Gunturu Sivakumar told The Hindu that the package, which was 10% of the GDP, was a very good initiative that laid emphasis on local manufacturing and …

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain
4 years, 7 months ago

Nirmala Sitharaman's first COVID-19 stimulus sheds moral baggage for morale booster, but fiscal puzzles remain

Firstpost  

There is plenty to celebrate for MSMEs and other entities covered under Nirmala Sitharaman’s first package of details to flesh out Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus More funds to fuel business. There is plenty to celebrate for small and medium scale businesses and other entities covered under Finance Minister Nirmala Sitharaman’s first package of details to flesh out …

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus
4 years, 7 months ago

10 Key Takeaways | FM Nirmala Sitharaman Unveils First Part Of Rs 20 Lakh Cr Economic Stimulus

ABP News  

New Delhi: First in the series of press briefings over Prime Minister Narendra Modi's mega 'Atmanirbhar Bharat Abhiyan', Finance Minister Nirmala Sitharam on Wednesday unveiled the details of the special economic package worth Rs 20 lakh crore. For MSMEs needing handholding, Government announced Rs 50,000 crore Fund of Funds through mother fund - daughter fund to expand their capacity and …

Nirmala Sitharaman on Rs 20 lakh crore package: MSMEs to be given Rs 3 lakh crore collateral-free automatic loans, TDS, TCS rates slashed by 25%
4 years, 7 months ago

Nirmala Sitharaman on Rs 20 lakh crore package: MSMEs to be given Rs 3 lakh crore collateral-free automatic loans, TDS, TCS rates slashed by 25%

Firstpost  

On Wednesday, Sitharaman started by saying that she and her team will hold daily press conferences to inform people about a number of responses the Centre has prepared with the aim of bringing the economy back on track. Finance Minister Nirmala Sitharaman on Wednesday held a press conference detailing the Rs 20 lakh crore economic package aimed at creating an …

Nirmala Sitharaman Press Conference: ₹9250 crore relief for provident fund contributors
4 years, 7 months ago

Nirmala Sitharaman Press Conference: ₹9250 crore relief for provident fund contributors

Hindustan Times  

The Central government has announced Employees Provident Fund related relief to companies and individuals employed in the private sector by extending its contribution to the EPFO by three more months for small companies and by cutting down mandatory EPF contributions from both employers and employees by two percentage points for others. Union finance minister Nirmala Sitharaman announced an economic package …

Nirmala Sitharaman announces revised definition of MSME. Here is what it means
4 years, 7 months ago

Nirmala Sitharaman announces revised definition of MSME. Here is what it means

India TV News  

Finance Minister Nirmala Sitharaman on Wednesday announced an economic relief package amid nationwide coronavirus lockdown in which her prime focus was on to save jobs in the MSME sector and help it to get back on track. In the press briefing, Sitharaman prescribed a new definition for MSME companies, which was a long-pending demand, so that more number of companies …

Employers, employees contribution to EPF reduced to 10%, announces FM Sitharaman
4 years, 7 months ago

Employers, employees contribution to EPF reduced to 10%, announces FM Sitharaman

Hindustan Times  

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. Union Finance Minister Nirmala Sitharaman was addressing a press conference to give the details of the Rs 20 lakh …

FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs
4 years, 7 months ago

FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs

India TV News  

As the country battles coronavirus pandemic, Finance Minister Nirmala Sitharaman has announced Rs 3 lakh crores collateral-free automatic loans for Micro Small Medium Enterprises sector. Her press conference came a day after PM Narendra Modi announced stimulus package of Rs 20 lakh crore to rejuvenate Indian economy battered badly due to coronavirus pandemic. Check out details of the announcement made …

Coronavirus package | Nirmala Sitharaman announces major stimulus package for MSMEs
4 years, 7 months ago

Coronavirus package | Nirmala Sitharaman announces major stimulus package for MSMEs

The Hindu  

Union Finance Minister Nirmala Sitharaman on Wednesday announced a ₹3 lakh crore collateral free loan scheme for businesses, especially micro, small and medium enterprises, as part of a ₹20-lakh-crore economic stimulus package to deal with the COVID-19 pandemic. Srivastava estimated that the measures announced on Wednesday amounted to ₹5.94 lakh crore, which include both liquidity financing measures and credit guarantees, …

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