FM Nirmala Sitharaman - Press Conference at 11 AM IST- DAY 5

[Kool_SRG]

Fresh support of only 60% in PM's economic stimulus package: Report

Of the Rs 20-lakh-crore package that Prime Minister Narendra Modi announced to defend the economy against corona virus disruptions, fresh support may be only around 60 percent of the offer as it counts the first financial stimulus and liquidity support that Reserve Bank has given already, and will overburden bond market, says a report.

Modi outlined a Rs 20-lakh-crore which is 9.7 percent of GDP support package, of which new allocations could only be 50-60 percent of the offer. But until more details are known, financing burden will fall on the bond markets, Radhika Rao, the economist at Singaporean lender DBS Bank said in a note on Wednesday.

She further noted that "the new fiscal package is upsized and its scale lends a positive surprise, at a bigger-than-anticipated size with emphasis on making the economy more self-reliant via local manufacturing and improved supply chains.

In a big push to revive the COVID-hit economy, Modi on Tuesday announced massive new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore.

[Kool_SRG]

Just now, Kool_SRG said:

Fresh support of only 60% in PM's economic stimulus package: Report

Of the Rs 20-lakh-crore package that Prime Minister Narendra Modi announced to defend the economy against corona virus disruptions, fresh support may be only around 60 percent of the offer as it counts the first financial stimulus and liquidity support that Reserve Bank has given already, and will overburden bond market, says a report.

Modi outlined a Rs 20-lakh-crore which is 9.7 percent of GDP support package, of which new allocations could only be 50-60 percent of the offer. But until more details are known, financing burden will fall on the bond markets, Radhika Rao, the economist at Singaporean lender DBS Bank said in a note on Wednesday.

She further noted that "the new fiscal package is upsized and its scale lends a positive surprise, at a bigger-than-anticipated size with emphasis on making the economy more self-reliant via local manufacturing and improved supply chains.

In a big push to revive the COVID-hit economy, Modi on Tuesday announced massive new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore.

@reality    @Hydrockers

[Kool_SRG]

FM begins presser on Rs 20 lakh crore package

The finance minister is addressing a presser, where she is expected to give out the details of Rs 20 lakh crore economic package from the Centre. The prime minister announced the Aatma Nirbhar Bharat package that will focus on making India self-reliant on Tuesday.

 

FM says aim of financial package to make India self-reliant

The financial package announced by Prime Minister Narendra Modi essentially aims to spur growth and build a very self reliant India, says finance minister Nirmala Sitharaman. . 

[Kool_SRG]

 

[Kool_SRG]

Beginnning today, I shall come with this entire team before you to put out details of PM's vision. We willl come with tranches beginning today. We have responsibility towards poor, needy, migrant and divyang (differently-abled): Sitharaman

[Kool_SRG]

FM to hold daily pressers starting today, will detail govt's steps on restructuring economy

Finance Minister Nirmala Sitharaman said that starting today, she will hold daily pressers along with her teams to detail a number of responses the government has prepared to bring the economy back on track. 

"Beginning today, I shall come with this entire team before you to put out details of PM's vision. We will come with tranches beginning today. We have responsibility towards poor, needy, migrant and divyang (differently-abled)," Sitharaman said.

[Kool_SRG]

FM to announce 14 different measures in today's tranche of announcements 

"Today's tranche has 14 different measures. Six of these are for MSMEs, two are for EPF, two for NBFCs and MFIs, one to discoms, one to contractors, one real estate, three tax measures," Sitharaman said.  

[Kool_SRG]

Centre allots Rs 3 lakh crore for collateral free automatic loan for MSMEs

The Finance Minister announced that Rs 3 lakh crore will be made available for collateral free loan for those MSME units which have Rs 25 crore outstanding loan payments or Rs 100 crore turnover. These loans will be available with a 4-year tenure and a moratorium of 12 months. The move is expected to benefit 45 lakh units.  

""This loan is for 4 year tenure and is 100 per cent guaranteed. This will last till October 21, 2020. It will benefit 45 lakh units, allowing them to resume activity and safeguarding jobs," Sitharaman said.

[Kool_SRG]

FM announces Rs 50,000 cr equity infusion for growing MSMEs 

Finance Minister Nirmala Sitharaman announced a corpus of Rs 10,000 crore though mother-fund and daughter-fund framework.

"For MSMEs needing handholding, a Rs 50,000 crore 'fund of funds' through 'mother fund - daughter fund' framework is being created, to expand their capacity and to get listed on markets which they choose," Sitharaman said.

[Prince_Fan]

great PM and FM 

[Kool_SRG]

Govt to redefine MSMEs, says investment limit revised upwards to Rs 1 crore

"The definition of MSMEs is being changed for their advantage so that they can grow in size and get benefits. Investment limit which defined MSMEs have been revised upwards. Additional criteria being brought in is turnover size - earlier differentiation between manufacturing and service MSMEs will be categorised similarly," says Sitharaman.

 

 

 

 

 

 

[Kool_SRG]

Govt disallows global tenders in govt procurement upto Rs 200 cr

 

 

[Kool_SRG]

Details of support planned for EPF establishments 

 

[Kool_SRG]

[Kool_SRG]

6 minutes ago, Prince_Fan said:

great PM and FM 

 

  

5 hours ago, Prince_Fan said:

tax paying families ki 5K Rupees isharu

 

Deniki chinnu  5K vachesinda appude