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

[Kool_SRG]

Government announces Rs. 90,000 crore liquidity injection for DISCOMs

Keeping in view that the earnings of the Power Distribution companies had plummeted, the government has provisioned for loans for them against state guarantees. This will be done exclusively for the purpose of clearing the dues of power generation companies.

 

[bunny4ever]

thanks dude for posting useful info

[Kool_SRG]

Public sector units to extend deadlines for contractors 

In order to provide relief to contractors, the finance ministry announced the extension of up to 6 months by all central agencies like Railways, Ministry of Road Transport and Highways, Central Public Works departments. This will cover construction work and goods and services contracts, completion of works and intermediate milestones, and also concessional period in PPP contracts. To facilitate greater liquidity, government agencies will partially release bank guarantees to the extent of the completed contract so that cash flow improves.

 

[Kool_SRG]

[Kool_SRG]

Reduced TDS rates by 25 percent. This is applicable on all payments - interest, rent, brokerage, supply, etc. This will be enforced from tomorrow till March 31, 2021. This reduction will release Rs 50,000 crore in hands of people: Sitharaman

TDS and TCS rates Cut by 25%

[Kool_SRG]

Centre slashes statutory PF contribution to 10%

Finance Minister Nirmala Sitharaman announced that the statutory PF contribution is being reduced from 12 percent to 10 percent. So, for the next three months, employers need to pay only 10 percent towards their PF. This is being done to increase the take-home salary for employees. 

[Kool_SRG]

Due date of all income-tax return for FY 2019-20 will be extended from 31st July, 2020 & 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October,2020.

 

 

 

 

 

[Kool_SRG]

Deadline for filing ITR pushed till 30 Nov

Due date of all IT Return filings extended have been extended from 31 July to 30 November. The last date for Vivad se Vishwas one-time tax settlement scheme has also been extended till 31 December, finance minister Nirmala Sitharaman announced.  

 

[Kool_SRG]

 

[Kool_SRG]

[Kool_SRG]

[Kool_SRG]

If any one interested in downloading PDF version of today's Presentation can get it here

 

http://125.16.13.197/eeimages/article_img/Atmanirbhar Presentation Part1.pdf

[Kool_SRG]

[snoww]

Loans with out any guarantee. Dochukondi inka.

divert the funds. Declare bankruptcy. Start new company. 

[Kool_SRG]

FM to announce 9 steps for migrant workers, small farmers

Nirmala Sitharaman, at the start of her press conference, announced that she will keep in focus migrant workers and marginal farmers. She said, in total 9 steps will be announced today, of which 3 will be dedicated to providing immediate assistance for migrant workers.