CORONA 'Koi Road Par Na Nikle
Latest Govt Job Notifications

Important points of the Press conference of Honorable FM

Spread the love

πŸ‘‰ Six major steps for MSME
1. Collateral Free Automatic Loan to MSME. No guarantee required. Period 4 Years. No principal repayment for 1 year.
2. Stressed MSME: Subordinated Debt 20,000 crore
3. MSME doing viable business: 50,000 cr. equity infusion for expansion
4. Definition of MSME changed:
a. Micro: Limit revised upward Investment up to 1 cr. or Turnover up to 5 cr.
b. Small: Limit revised upward Investment up to 10 cr. or Turnover up to 50 cr.
c. Medium: Limit revised upward Investment up to 20 cr. or Turnover up to 100 cr.
d. No difference in the manufacturing and service sector for Micro Enterprises
5. Government Tenders: Global tenders will be disallowed up to 200 cr.
6. E-market linkage for MSME. Within the next 45 days, all payments will be made to MSME.
πŸ‘‰ EPF: For June, July and August will be paid by the Government (72,22,000 employees will be benefitted). Total of Rs. 2500 benefit cr.
πŸ‘‰ EPF: Statutory PF deposit limit reduced from 12% to 10% for the next 3 months. (6,750 cr.) (except CG and PSU’s)
πŸ‘‰NBFC, HFC & MFI; Rs. 30,000 cr. Special liquidity scheme
πŸ‘‰Partial credit guarantee scheme for NBFC: Rs. 45,000 cr scheme. Govt. of India will be the guarantor. 20% will be borne by GOI.
πŸ‘‰ Discom: Liquidity crisis. Rs. 90,000 cr. infused for improving Liquidity crises. This amount will be paid by PFC and REC.
πŸ‘‰ Contractors: Extension up to 6 months to comply with contract conditions.
πŸ‘‰ Real Estate: Coviid 19, an event of ‘Force Majeure’. Registration and Completion extended for 6 months for all projects expiring o or after 25.03.2020
πŸ‘‰ Direct tax:
– TDS rates reduced by 25% of existing rates from tomorrow to 31.03.2021(Non-salaried to residents and TCS) Payment for – VSVS extending up to 31.12.2020. pay without any additional amount.
– Pending refunds of charitable trusts, non-corporate business, proprietorship, partnership, LLP and society will be issued immediately.
– Due dates of IT return for FY 2019-20
Earlier 31.07.2020 & 31.10.2020 Now 30.11.2020
Tax Audit due date: Earlier 30.09.2020 Now 31.10.2020
– Date of assessment extended
From those barring on 30.09.2020 to 31.12.2020
From those barring on 31.12.2021 to 30.09.2021

Leave a Reply

Your email address will not be published. Required fields are marked *