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  Big benefit for those earning Rs 6 to Rs 18 lakh: Credit linked subsidy extended till Mar 2021

  May 14, 2020 20:30 IST

  For middle-income group for people between the income of Rs 6 lakh to 18 lakh, the government has extended the credit-linked subsidy scheme up to March 2021; 2.5 lakhs middle income families to benefit during 2020-21, Finance Minister Nirmala Sitharaman said.

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  Sitharaman announces affordable rental housing complexes for migrant workers, urban poor

  May 14, 2020 17:03 IST

  ​Union Finance Minister Nirmala Sitharaman on Thursday addressed the concerns of the migrant workers amid the ongoing coronavirus crisis in India. Announcing the second tranche of the Rs 20 lakh crore package, the finance minister said that the government will launch a scheme under PMAY for migrant workers, urban poor to provide ease of living at an affordable rent.

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  Liquor shops in Kerala to open soon

  May 14, 2020 16:11 IST

  Tipplers in Kerala will again get to purchase liquor soon as the state was in the process of reopening the vends, Excise Minister TP Ramakrishnan said on Thursday.

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  Liquor home delivery in Maharashtra to begin from tomorrow. Check guidelines here

  May 14, 2020 14:57 IST

  The home delivery of liquor in Maharashtra will start from 10 am on May 15, an order issued by the state excise department on Wednesday said. The state government had on Tuesday allowed home delivery of liquor to avoid crowding at shops amid the coronavirus-enforced lockdown. however, tipplers in Mumbai will have to wait.

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  Vodafone Idea launches voice-based contactless recharge initiative at retail outlets

  May 14, 2020 14:48 IST

  Telecom operator Vodafone Idea on Thursday announced its voice-based contactless recharge facility at retail outlets to enable customers and retailers adhere to social distancing in the backdrop of the coronavirus pandemic

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  Cab ride from Delhi Airport to Noida, Ghaziabad to cost as much as Rs 10,000

  May 14, 2020 13:39 IST

  Traveling from Delhi's Indra Gandhi International Airport to Noida or Ghaziabad could cost you Rs 10,000 or even more in some instances. The Uttar Pradesh Road Transport Corporation (UPSRTC) will be facilitating the travel of those Indians returning home from abroad under the Vande Bharat Mission.

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  CEO of world's busiest airport wants to get the globe flying again

  May 14, 2020 13:37 IST

  The CEO of the world’s busiest airport for international travel wants to get the globe flying again, but even he acknowledges everything remains up in the air during the coronavirus pandemic.

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  UK facing significant recession due to coronavirus pandemic, says Rishi Sunak

  May 14, 2020 13:27 IST

  The UK faces a "significant recession", Chancellor of the Exchequer Rishi Sunak has warned after figures showed the country's economy shrank by 2 per cent in the first three months of the year due to the impact of the coronavirus-induced economic lockdown.

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  Central govt employees may get work from home option for 15 days a year post lockdown

  May 14, 2020 12:42 IST

  Asserting that central government employees may have to work with staggered attendance and variable working hours, the Personnel Ministry has come out with a draft framework for ''work for home'' for the staff post-lockdown

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  Experts welcome Modi government's booster dose for real estate sector

  May 14, 2020 11:58 IST

  Real Estate experts have called the Modi government's economic booster announced for the real estate sector on Wednesday as "much-needed" and hoped that this would provide the sector with more breathing space.

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  IRCTC Alert! Passengers disallowed train travel due to COVID-19 symptoms to get full refund

  May 14, 2020 11:52 IST

  Passengers who are disallowed from travelling on trains because of symptoms associated with the novel coronavirus will receive full refund for their tickets, the railways has said.

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  Air India to operate domestic flights for stranded passenges: Report

  May 14, 2020 11:29 IST

  Air India is all set to fly stranded Indians from one city to another. As per a report published by Times of India, Air India will operate special domestic flights between May 19 and June 2 to help people stranded in various cities get home.

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  Sitharaman presser on 2nd tranche of economic stimulus package | LIVE

  May 14, 2020 17:18 IST

  Earlier on Wednesday, Sitharaman laid out details of Modi government's Rs 20 lakh crore economic stimulus package which included Rs 30,000 crore Special Liquidity Scheme for non-banking financial companies, microfinance companies, housing finance companies; Rs 45,000 crore liquidity infusion through a Partial Credit Guarantee Scheme 2.0 for NBFCs.

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  RBI extends interest subsidy scheme for exporters till March 31, 2021

  May 13, 2020 22:51 IST

  Exporters get the subsidy under the 'Interest Equalisation Scheme for pre and post shipment Rupee Export Credit'. The scheme ended on March 31 this year.

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  COVID-19 Economic Package: Real estate sectors hail Sitharaman's move to extend RERA deadline

  May 13, 2020 22:16 IST

  Nirmala Sitharaman’s decision to extend RERA-imposed completion deadlines on real estate projects, has been hailed across the real estate sector.

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  Economic package will help businesses, especially MSMEs: PM Modi

  May 13, 2020 20:07 IST

  The series of measures announced on Wednesday by the government to boost the economy hit by the coronavirus lockdown will enhance liquidity, empower entrepreneurs and strengthen their competitive spirit, Prime Minister Narendra Modi said.

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  Electricity demand falls 24 per cent in April due to lockdown: Crisil

  May 13, 2020 19:24 IST

  With almost no economic activity taking place in first 20 days of April due to lockdown, and very little operations after that, power demand declined sharply by 24 per cent in the month, Crisil Research said.  

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  Sebi reaches out to market participants; discusses capital raising, disclosure issues

  May 13, 2020 18:55 IST

  Regulator Sebi on Wednesday discussed several issues pertaining to raising of capital and corporate debt market with corporates as well as promised to look into the challenges being faced by them due to the COVID-19 crisis.

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  Govt announces ₹3 lakh crore booster for MSMEs, tax concessions for middle class

  May 14, 2020 6:56 IST

  Union Finance Minister Nirmala Sitharaman on Wednesday announced a series of relief measures spanning across the micro small and medium enterprise (MSME), power, real estate sectors, besides providing a slew of temporary changes to the direct tax collection rules.

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  Government extends deadline for realty projects by six months

  May 13, 2020 18:29 IST

  In a relief to real estate developers, Finance Minister Nirmala Sitharaman on Wednesday said that the deadline for completion of projects will be extended by up to six months, treating the coronavirus outbreak as an event of 'force majeure' under the realty law RERA.

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  Income Tax Return filing due date for FY 2019-20 extended by govt. Check details here

  May 13, 2020 17:56 IST

  In the announcement of the economic relief package, Finance Minister Nirmala Sitharaman said that the due date for Income Tax Returns for the year 2019-2020 is now being extended by the Centre.

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  Major relief to contractors: Central agencies to provide extension of upto 6 months

  May 13, 2020 17:35 IST

  ​In a major relief to contractors, Union Finance Minister Nirmala Sitharaman on Wednesday said all central agencies will provide an extension of up to six months, without costs to the contractor. These central agencies include Railways, Ministry of Road Transport and Highways, Central Public Works Department, etc.

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  Major relief for taxpayers: TDS, TCS rates reduced by 25% till March 31, 2021

  May 13, 2020 21:02 IST

  As per the announcement made by Finance Minister Nirmala Sitharaman, to provide more funds to taxpayers, TDS for non-salaried specified payments made to residents and rates of TCS for specified receipts shall be reduced by 25%. The reduction will remain valid till March 31, 2021.

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  Nirmala Sitharaman announces revised definition of MSME. Here is what it means

  May 13, 2020 18:19 IST

  Finance Minister Nirmala Sitharaman on Wednesday announced an economic relief package amid nationwide coronavirus lockdown in which her prime focus was on to save jobs in the MSME sector and help it to get back on track.

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  Sitharaman announces Rs 45 thousand crore liquidity infusion for NBFCs

  May 13, 2020 17:46 IST

  Finance Minister Nirmala Sitharaman came to the aid of Non-Banking Financial Companies (NBFC) as she declared liquidity infusion of Rs 45 thousand crore for them.

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  More take-home salary for employees! EPF contribution reduced, conditions apply

  May 13, 2020 18:49 IST

  ​In order to provide more take-home salary for employees, the Employees' Provident Fund (EPF) contribution has been reduced for businesses and workers for three months, amounting to liquidity support of Rs 6750 crores, Union Finance Nirmala Sitharaman announced today.

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  Global tenders to be disallowed upto Rs 200 crores

  May 13, 2020 16:58 IST

  ​Union Finance Minister Nirmala Sitharaman today announced that global tenders will be disallowed in government procurement up to Rs 200 crores. Sitharaman said Indian MSMEs and other companies have often faced unfair competition from foreign companies.

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  FM Nirmala Sitharaman announces collateral free automatic loans for MSMEs

  May 13, 2020 17:49 IST

  As the country battles coronavirus pandemic, Finance Minister Nirmala Sitharaman has announced Rs 3 lakh crores collateral-free automatic loans for Micro Small Medium Enterprises (MSME) sector