Finance Minister Smt. Nirmala Sitaraman's Press Conference in today

Finance Minister Smt. Nirmala Sitaraman's Press Conference at 4:00 pm. 

IMG ddnews

Finance minister smt. Nirmala Sitaraman was addressed a press conference on today at 4:00 pm. In this time she said about Self-Reliant India. Which was needs for all Indian citizens .

India needs five pillars for Self-Reliant India.

1. Economy
2. Infrastruture
3. System
рнк. Demography
5. Demand

With this column we can make India a self-reliant India.

In addition to facing the crisis, Corona has also announced a special financial package with a new concept. This financial package will come in handy for self-employed India. The package is valued at Rs 20 lakh crore. This is about 10 percent of India's GDP. People from all walks of life in the country will get Rs 20 lakh crore. The Rs 20 lakh crore package will provide a new way for the country's development journey and self-reliance. This package is for cottage industry, home industry, small business, MSME. Which is the strong foundation of self-reliant India. The package is for the country's workers, farmers. Who are working day and night for the countrymen in all situations, in all seasons. This financial package is also for the middle class. Those who pay taxes on time. The financial package is also for India's business world.

  • 3 lakh crores emergency working capital facility for businesses including MSMEs.
  • No Global lenders for Government tenders of up to Rs.200 crore
  • Extending EPF support business and organised workers for another 3 months for salary months of June,July,August 2020 will provide liquidity for workers in MSME and other businesses.
  • Relief to contractors given by extension of up to six months for completion of contractual obligations , including in respect of  EPC and concession agreements.
  • Tax relief to business as pending income tax refunds to charitable trusts and non-corporate business and profession to be issued immediately.
  • Reduction of rules of "Tax deduction at source and tax collected at source " by 25% for the remaining period of FY 20-21 and due dates for various tax related compliances extended -will benefit all business.

Thank you

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