Discoms are facing unprecedented cash problems across states. In order to help them, Rs 90,000 cr liquidity will be infused against all the receivables that they have: FM
Govt launches Rs 30,000 crores liquidity scheme for NBFCs : FM
However, for the central public sector enterprises and state PSUs, we will continue to pay 12%. However, for the central public sector enterprises and state PSUs, we will continue to pay 12%: FM
To reduce statutory PF contribution of both employer and employee to 10% each from existing 12% each for next 3 months for all establishments covered by EPFO: FM
Government decides to continue EPF support for business & workers for 3 more months providing a liquidity relief of Rs 2,500 crore: FM
All receivables of MSMEs will be cleared by GoI and PSUs within next 45 days: FM
For Govt procurement, tenders upto Rs 200 crore will no longer be under global tender route: FM
IN PIC : New definition in terms of investment and turnover for MSMEs
And if your turnover is upto Rs 5 crore, then also you are micro unit: FM
Investment of Rs 25 lakh in micro unit to be increased to upto Rs 1 cr: FM
Difference between manufacturing and service MSME shall be defined similarly: FM
Additional criteria based on turnover to be brought in: FM
Investment limit which defines an MSME has been revised upwards: FM
Fund of fund being created for infusing Rs 50,000 cr of equity into MSMEs. Will benefit those which are viable and need hand holding: FM
MSMEs with NPAs or those under stress will be eligible: FM
Rs 4,000 cr to be contributed by Govt to the Credit Guarantee Trust: FM
Infuse Rs 20k crore through subordinate debt for stressed MSMEs. 2 lakh SMEs will benefit:FM
The loan tenure will be 4 years; moratarium period will be 12 months: FM
The loans will be available till Oct 31, 2020: FM
MSME units with Rs 100 turnover or with an outstanding loan of Rs 25 crore will benefit: FM
Collateral free loans for MSMEs of up to Rs 3 lakh crore: FM
Will put out details on PM Modi’s vision for Aatma Nirbhar Bharat over next few days: FM
Self-reliance does not mean making India an isolationist: FM
Jandhan-Aadhaar enabled DBT has helped the poor and the marginalized : FM
Finance Minister Nirmala Sitharaman addresses presser on govt’s Rs 20 trillion special economic package
Delhi reports 359 new COVID-19 cases, 20 deaths in last 24 hours
Coronavirus cases in Indore rise to 2,107; death toll reaches 95
8503 stranded Indians returned in 43 flights since May 7
8503 Indians have been flown back to India in 43 inbound flights operated by Air India and Air India Express under Vande Bharat Mission in 6 days beginning from May 7.
Mission Vande Bharat: Air India special flight to to bring back 169 Indian students from Dhaka today
Economic package: Finance minister Nirmala Sitharaman to address media at 4 pm today
India saw a spike of 3,525 new COVID-19 cases and 122 deaths in the last 24 hours
Northeast states account for 236 COVID cases
Here is a breakup of COVID-19 cases across all Northeast state-
Arunachal Pradesh: 1
Assam: 65
Manipur: 2
Meghalaya: 13
Mizoram: 1
Nagaland: 0
Tripura: 154
Sikkim: 0