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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.

By HT Correspondent | Updated: May 14, 2020 01:38 IST
Highlights: PM Cares Fund Trust allocates ₹3100 crore for fight against Covid-
ANI File

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.

Click here for the complete coverage of the Covid-19 pandemic

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.

10:30 AM IST

Finance minister Nirmala Sitharaman to announce details of stimulus package

Finance Minister will divulge the details of the Centre's fiscal stimulus plan of 20 lakh crore at 4 pm today

10:01 AM IST

Maria Branyas, 113-year-old Spaniard, beats Covid-19

The centenarian Branyas who had lived through Spanish Flu epidemic, the second World War, and Spanish dictator Franco's regime lived to fight off the Covid-19 disease. Her caretakers in Olot city of Spain said she is recovering well.

09:30 AM IST

1,342,594 Covid-19 cases and 80,820 deaths reported from US

The US CDC said that 1,342,594 cases of the new coronavirus have been reported. 18,106 fresh cases and 1,064 deaths took the death toll to 80,820.

10:30 AM IST

Football in Covid-19 era: English Premier League introduces new rules

Disinfection of pitches, prohibition of tackling, two Covid-19 tests per week, and travelling alone are the new rules, according to an official protocol sent to Premier League players and managers. Reuters accessed a news report by BBC where it said that pitches, corner flags, cones and goalposts will have to be disinfected.

09:14 AM IST

India cases inch towards 75,000, death toll at 2,415

India has recorded 74, 281 Covid-19 cases. Of these cases 24,386 people have recovered.

<p>India cases inch towards 75,000, death toll at 2,415</p>
09:01 AM IST

Australia wants to call China to the discussion table

Australian trade minister Simon Birmingham requested his Chinese counterpart Zhong Shan to speak to the former after Chinese customs suspended four beef exporters from supplying to China. China also upped the tariff on wheat exports by 80%. These moves are seen as retaliation by Beijing after the Australian PM pushed for an inquiry into the Covid-19 outbreak

08:21 AM IST

Vande Bharat mission repatriates 225 Indians from Malaysia

Air India's AI-1377 brought back 225 passengers from Kuala Lumpur to Mumbai's Chhatrapati Shivaji International Airport on Wednesday morning.

07:56 AM IST

Potters in Varanasi urge state government to do more

Ramchandra Prajapati says clay items are not being sold due to the lockdown and families are starving. He said the government should do more to help people like him out.

07:18 AM IST

Pregnant migrant worker walks 150 km after delivering child

The migrant worker and her husband were returning to Satna from Maharashtra's Nashik. The lady delivered the child on the way and rested for two hours and walked for at least 150 km.

06:47 AM IST

UP CM says fiscal package will be a game changer

UP CM Yogi Adityanath thanked the PM for the fiscal package and said the package will boost efforts to make India furthermore self-reliant.

06:29 AM IST

Single day Covid-19 death toll in US reaches 1,894

A Johns Hopkins tracker says that 1,894 people have died in the US due to Covid-19.

First published: May 13, 2020 06:22 IST