The Finance Minister had on Thursday announced Rs 3.16 trillion support for vulnerable sections, including migrant workers, farmers, tribals, street vendors - all hit hard by locdown
In view of the surge in daily new cases in Maharashtra, the state government is likely to extend lockdown in major coronavirus hotspots, including Mumbai, Pune, Aurangabad, Malegaon and Solapur
Listen to the podcast to know about all the nine measures Finance Minister announced today
Migrant workers, small farmers and street vendors get attention in Finance Minister Nirmala Sitharaman's new announcements.
As many as 2.5 crore farmers will be provided Rs 2 lakh crore of concessional credit through Kisan Credit Cards
From railways cancelling trains to 'Work from home' being the new normal, here are the top headlines of the day
Sitharaman on Wednesday announced measures of nearly Rs 5.94 trillion to provide relief to small businesses, taxpayers, shadow banks, power distribution companies among others
A lab experiment suggests cats can spread the new coronavirus to other cats without any of them ever having symptoms
Senior Congress leader P Chidambaram said the need of the hour was to put money into the pockets of the people, particularly the poorest 130 million people
Investors may pause to see the entire scheme of funding, and impact on bonds
Among 15 measures announced - 6 are for MSMEs, 2 related to EPF and 2 related to MFIs, 1 to discoms, 1 to contractors, 1 to real estate, and 2 tax measures
The credit angle is interesting for them as the Rs 3 trillion to be disbursed by banks would go as collateral free debt for four years with a 12-month moratorium
Higher borrowing, economy restarting has changed govt's earlier view of smaller measures
Under the PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) scheme, each farmer gets Rs 6,000 in a year in three equal installments directly in bank account
The FM will take stock of the credit sanction and disbursement by the banks since March 1, 2020, and the Covid-19-related emergency credit lines opened by the lenders
Hopes for bettwe results post Covid-19 as revenue dept has not seen a single deposit owing to the disease outbreak
However, a senior government official said on condition of anonymity that the meeting could be held in a matter of few weeks, rather than months
Besides the ministers, all officers of the joint-secretary level and above had been asked to be present in the ministries along with one-third of the essential staff from Monday
All states face the problem of reordering their finances. But Telangana more than others because it has committed itself to a path from which it cannot swerve
The key issue in a financial emergency is the provision for govt employees' salary cut