COVID-19 cases continue to climb across India

Discoms are facing unprecedented cash problems across states. In order to help them, Rs 90,000 cr liquidity will be infused against all the receivables that they have: FM

Govt launches Rs 30,000 crores liquidity scheme for NBFCs : FM

However, for the central public sector enterprises and state PSUs, we will continue to pay 12%. However, for the central public sector enterprises and state PSUs, we will continue to pay 12%: FM

To reduce statutory PF contribution of both employer and employee to 10% each from existing 12% each for next 3 months for all establishments covered by EPFO: FM

Government decides to continue EPF support for business & workers for 3 more months providing a liquidity relief of Rs 2,500 crore: FM

All receivables of MSMEs will be cleared by GoI and PSUs within next 45 days: FM

For Govt procurement, tenders upto Rs 200 crore will no longer be under global tender route: FM

IN PIC : New definition in terms of investment and turnover for MSMEs

And if your turnover is upto Rs 5 crore, then also you are micro unit: FM

Investment of Rs 25 lakh in micro unit to be increased to upto Rs 1 cr: FM

Difference between manufacturing and service MSME shall be defined similarly: FM

Additional criteria based on turnover to be brought in: FM

Investment limit which defines an MSME has been revised upwards: FM

Fund of fund being created for infusing Rs 50,000 cr of equity into MSMEs. Will benefit those which are viable and need hand holding: FM

MSMEs with NPAs or those under stress will be eligible: FM

Rs 4,000 cr to be contributed by Govt to the Credit Guarantee Trust: FM

Infuse Rs 20k crore through subordinate debt for stressed MSMEs. 2 lakh SMEs will benefit:FM

The loan tenure will be 4 years; moratarium period will be 12 months: FM

The loans will be available till Oct 31, 2020: FM

MSME units with Rs 100 turnover or with an outstanding loan of Rs 25 crore will benefit: FM

Collateral free loans for MSMEs of up to Rs 3 lakh crore: FM

Will put out details on PM Modi’s vision for Aatma Nirbhar Bharat over next few days: FM

Self-reliance does not mean making India an isolationist: FM

Jandhan-Aadhaar enabled DBT has helped the poor and the marginalized : FM

Finance Minister Nirmala Sitharaman addresses presser on govt’s Rs 20 trillion special economic package

Delhi reports 359 new COVID-19 cases, 20 deaths in last 24 hours

Coronavirus cases in Indore rise to 2,107; death toll reaches 95

8503 stranded Indians returned in 43 flights since May 7

8503 Indians have been flown back to India in 43 inbound flights operated by Air India and Air India Express under Vande Bharat Mission in 6 days beginning from May 7.

Mission Vande Bharat: Air India special flight to to bring back 169 Indian students from Dhaka today

Economic package: Finance minister Nirmala Sitharaman to address media at 4 pm today

India saw a spike of 3,525 new COVID-19 cases and 122 deaths in the last 24 hours

Northeast states account for 236 COVID cases

Here is a breakup of COVID-19 cases across all Northeast state-

Arunachal Pradesh: 1
Assam: 65
Manipur: 2
Meghalaya: 13
Mizoram: 1
Nagaland: 0
Tripura: 154
Sikkim: 0

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