Europe draws out a recovery plan of 750 billion Euros to tide over Coronavirus crisis

Europe draws out a recovery plan of 750 billion Euros to tide over Coronavirus crisis

Brussels: – Ursula von der Leyen, President of the European Commission, while announcing a recovery plan of 750 billion Euros for Europe, to tide over the crisis created due to the Coronavirus pandemic, said that this is a decisive moment for Europe. This announcement by the European Commission is the biggest ever economic package in […]

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Foreign investment limit set to 74% for the defence sector: Ordnance factories to be corporatised

Foreign investment limit set to 74% for the defence sector: Ordnance factories to be corporatised

New Delhi: – The Union government has taken a major decision of increasing the cap on foreign investment, in the defence equipment manufacturing sector, from 49% to 74%. Prime Minister Narendra Modi had announced an economic package of ₹20 trillion to provide an impetus to the country’s economy. While revealing the details of the package, […]

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Union Finance Minister announces additional benefits for the agricultural sector

Union Finance Minister announces additional benefits for the agricultural sector

New Delhi: On Friday, Finance Minister Nirmala Sitharaman declared additional benefits for the joint ventures of farmers and agriculture businesses. The Finance Minister also shared information regarding the new plans to be implemented for businesses such as fishery and pisciculture. Besides, vaccination programmes will be held for 53 crore cattle too. Most importantly, the Finance […]

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TDS reduced by 25%, period for filing tax returns extended- announces Union Finance Minister, Nirmala Sitharaman

TDS reduced by 25%, period for filing tax returns extended- announces Union Finance Minister, Nirmala Sitharaman

New Delhi: Finance Minister Nirmala Sitharaman has reduced the TDS by 25% on non-salaried payment. Furthermore, the due of filing tax returns has been extended until November. On Wednesday, the Finance Minister made this announcement while giving information about some portion of the total package worth 20 lakh crores. This decision regarding TDS and TCS […]

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Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

Government announces significant package for MSME sector, loan assistance of ₹3 lakh crores

New Delhi: The details of the economic package of ₹ 20 lakh crores, announced by Prime Minister Narendra Modi, were given by Finance Minister Nirmala Sitharaman on Wednesday. The Prime Minister had said that the cottage, home, micro, small and medium industries, employing millions of people, are the firm foundation of the ‘Self-reliant India Campaign’. […]

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Important decision to cut power rates in the state

Important decision to cut power rates in the state

Mumbai – The industry, as well as the citizens, are facing a financial crunch because of the lockdown. Against this background, the Maharashtra Electricity Regulatory Commission (MERC) has recommended a power tariff cut off for the domestic, commercial and industrial users for the next five years. The reduction recommended by the MERC is 5-7% for […]

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Coronavirus Pandemic: Indians withdraw a whooping ₹53,000 crore from banks

Coronavirus Pandemic: Indians withdraw a whooping ₹53,000 crore from banks

New Delhi: The Indian population has withdrawn a significant amount of money from the banks given the current threat of the Novel Coronavirus. The Reserve Bank of India (RBI) has informed that the citizens have withdrawn a whooping ₹53,000 crore from the banks as of 13th of March. The number of Coronavirus cases in the […]

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