Highlights: PM Cares Fund Trust allocates ₹3100 crore for fight against Covid-
Union finance minister Nirmala Sitharaman on Wednesday evening gave details of the ₹20 lakh crore economic stimulus package announced by Prime Minister Narendra Modi a day earlier to salvage the economy from the coronavirus pandemic induced crisis.
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Union finance minister Nirmala Sitharaman on Wednesday gave details of the first part of the ₹20 lakh crore economic stimulus package that was announced by Prime Minister Narendra Modi on Tuesday to salvage the economy from the coronavirus pandemic induced crisis. Wednesday's announcements were about the MSME sector and highlights included changing the definition of MSMEs, ₹3 lakh crore collateral free automatic loan for businesses, including MSMEs, reducing TDS/ TCS rates on non-salary income by 25% and extending due date for filing all income tax returns to November 30, 2020.
Meanwhile, several poor nations have turned to the IMF for credit. Chile has asked for $23.8 billion from the IMF while Zambia shall not get emergency coronavirus funding as the nation’s debt will reach 110% of GDP this year. Cases continue to rise as globally 43 lakh people remain infected by Covid-19. India has recorded 74,281 cases so far with 2,415 deaths.
Date of resuming Delhi Metro not yet finalised
Protocol for social distancing is being worked upon in the trains and premises of Delhi Metro, reports ANI.
The date of the opening of the Delhi Metro has still not been finalised and will be notified to the public in due course, ANI quoted DMRC as saying.
Out of ₹3100 cr, ₹1000 cr earmarked for care of migrants
Out of ₹3100 crore, a sum of approximately Rs.2000 crore will be earmarked for the purchase of ventilators, Rs. 1000 crore will be used for care of migrant labourers and Rs.100 crore will be given to support vaccine development: Prime Minister's Office: ANI
PM Cares Fund allocates ₹3100 cr for fight against Covid-19
PM CARES Fund Trust allocates Rs. 3100 Crore for fight against COVID-19: Prime Minister's Office, reports ANI
Maha CM Thackeray sanctions money for train tickets of migrants
Maharashtra CM Uddhav Thackeray has approved ₹54.75 cr from CM Relief Fund to purchase Shramik Train tickets for migrant labour stranded in Maharashtra & to bring back the ones stranded in other States.
To purchase Shramik Train tickets for migrant labour stranded in Maharashtra & to bring back the ones stranded in other States, CM Uddhav Balasaheb Thackeray has approved ₹54.75Crore from the CMRF. This amount has been transferred to the District Collectors. https://t.co/Mw8Arc5oqR— CMO Maharashtra (@CMOMaharashtra) May 13, 2020
Mumbai accounts for most Covid-19 deaths in Wednesday's toll
Out of the 54 deaths reported in Maharashtra on Wednesday, 40 are in Mumbai, six in Pune, two each in Jalgaon, Solapur, Aurangabad and one each Vasai Virar and Ratnagiri
Maharashtra records highest one-day spike, total nears 26, 000
Maharashtra records 1495 new cases on Wednesday, its biggest single-day spike. The state's tally now stands at 25,922.
The death toll in the worst-affected state also jumped to 975 with 54 deaths, highest ever, registered in a day.
509 new Covid-19 cases in TN, total crosses 9,000
Tamil Nadu reported three more Covid-19 deaths and 509 fresh cases on Wednesday, taking its tally rises to 9,227 including 64 fatalities, according to the state health department: PTI
FM's announcements will boost liquidity: PM Modi
PM Modi says the steps announced by finance minister Nirmala Sithraman on the ₹20 lakh cr economic package will "go a long way in addressing issues faced by businesses, especially MSMEs."
"Today's announcements by FM @nsitharaman will go a long way in addressing issues faced by businesses, especially MSMEs. The steps announced will boost liquidity, empower the entrepreneurs and strengthen their competitive spirit. #AatmaNirbharBharatAbhiyan", the PM tweeted.
Today’s announcements by FM @nsitharaman will go a long way in addressing issues faced by businesses, especially MSMEs. The steps announced will boost liquidity, empower the entrepreneurs and strengthen their competitive spirit. #AatmaNirbharBharatAbhiyan— Narendra Modi (@narendramodi) May 13, 2020
Chhattisgarh imposes 10% Corona tax on foreign liquor
Chhattisgarh government imposes 10% "Corona tax" on foreign liquor and an increase of ₹10 on price of each bottle of country made liquor.
Centre's special economic package a "big zero": WB CM Banerjee
Centre's special economic package a "big zero"; it has nothing for states, says Bengal CM Mamata Banerjee: PTI
'Nothing for lakhs of poor, hungry migrants': Chidambaram on FM's announcements
Reacting to finance minister Nirmala Sitharaman's announcements, former finance minister and senior Congress leader P Chidambaram says that there is nothing in what the FM said today for the lakhs of poor, hungry and devastated migrant workers who have walked — and many thousands are still walking — back to their home states. This is a cruel blow dealt to those who toil every day.
He said this in a statement released on Wednesday evening.
Kerala Cabinet's nod to proposal for increasing sales tax on liquor
Kerala state cabinet has approved a proposal to increase the sales tax on liquor. The proposed increase is 10 % on beer and wine and 35% on all other categories of liquor, reports ANI quoting the Chief Minister's office
Waiting for Centre's guidelines to resume public transport: Delhi transport minister
Delhi's Transport minister Kailash Gahlot says that discussions are being held with Delhi Transport Corporation officers to develop a protocol for safe public transport in wake of Covid-19 pandemic, reports ANI.
"We're preparing ourselves and waiting for central government guidelines to resume public transport, he added.
Income Tax returns for 2019-2020 extended from 31st July and 31 Oct to 30 November 2020
Due date for Income Tax returns for the year 2019-2020 now being extended from 31st July and 31 Oct to 30 November 2020: FM Sitharaman
Vivad Se Vishwas scheme extended till Dec 31, 2020, says FM
TDS rates for non-salaried payments reduced by 25%
For tax-related proposals: From tomorrow till March 31, 2021, TDS /TCS rates for non-salaried payments reduced by 25%. This will give ₹50,000 cr back in the hands of the people
For Real Estate, the Urban Development Min will issue advisory to states to extend registration and completion dates be suo moto extend by 6 months for all registered projects expiring on March 25, 2020.
First published: May 13, 2020 06:22 IST