India against Corona: 20 steps taken by Modi government

On Thursday, Nirmala Sitharaman made many big announcements for the poor, daily laborers, MNREGA, women, widows, and farmers. Overall, Nirmala Sitharaman made more than 20 announcements.

Finance Minister Nirmala Sitharaman on Tuesday extended the deadline for filing income tax returns and filing GST returns till June 30 to provide relief to the people from Corona Virus Crisis. The IBC rules have also given some relief to protect the same companies from debt redressal proceedings. In order to provide a cash withdrawal facility from ATMs, the fee for cash withdrawal from ATMs of other banks was abolished till 30 June. This facility has also been given until 30 June. After that, on Thursday, Nirmala Sitharaman made many big announcements for the poor, daily laborers, MNREGA, women, widows, and farmers. Overall, Nirmala Sitharaman made more than 20 announcements in 48 hours.

  1. The Narendra Modi government has announced a relief package of Rs 1 lakh 70 thousand crores for the poor.
  2. Finance Minister Nirmala Sitharaman said that cash transfers will also be done for the poor.
  3. Medical insurance will be made available for Corona Warriors (Doctors). A decision has been taken to provide an insurance cover of Rs 50 lakh under medical insurance.
  4. Through the Pradhan Mantri Garib Kalyan Scheme, the poor will be provided with both food and money.
  5. The Finance Minister said that 5 kg of additional food grains will be given to the poor for 3 months. No amount will be charged for additional grain. This means that the poor will be given wheat and rice for 3 months. An additional 1 kg per month pulses will be given for 3 months. With this decision of the government, 80 crore people will get food grains at cheap rates.
  6. The installment of Kisan Samman Nidhi will be immediately transferred to the account of the farmers. An installment of Rs 2,000 will be transferred to the farmers’ account in April.
  7. It has been decided to increase the wages of MNREGA from Rs 182 to Rs 202. 5 crore families will benefit from the MNREGA installment.
  8. DBT will help the differently-abled and the elderly. 1 thousand rupees will be given to poor elderly people.
  9. It has been decided to increase the limit of collateral-free loans to Rs 20 lakh from the self-help group registered under PM Garib Kalyan Yojana.
  10. The Finance Minister said that it has been decided to give the cylinder free for 3 months in the Ujjwala scheme.
  11. 500 rupees per month will be given in Mahila Jan Dhan’s account for 3 months.
  12. The government has taken steps to benefit the company with 100 employees. The government will deposit the provident fund of small business employees. The central government will submit PF for the next 3 months. The government will deposit 12 percent (company) + 12 percent (employee) amount in EPF.
  13. The Modi government has decided to give 27 crore kg of wheat to 80 crore people for just Rs 2 and rice of Rs 37 kg for just Rs 3.
  14. Finance Minister Nirmala Sitharaman has extended the deadline for filing income tax returns and filing GST returns till June 30.
  15. The IBC rules have also given some relief to protect companies from debt redressal proceedings. In order to facilitate cash withdrawal from ATMs, the fee for cash withdrawal from ATMs of other banks has been abolished till June 30, i.e. now any debit cardholder can withdraw cash from any bank’s ATM any number of times. Withdrawal can be done without paying any fee. This facility has also been given till 30 June.
  16. The last date for filing income tax returns for the financial year 2018-19 has been increased by three months to 30 June 2020.
  17. The last date for linking the local account number (PAN) with biometric identification number ‘Aadhaar’ has also been extended to 30 June.
  18. The last date for filing the annual return of Goods and Services Tax (GST) for the last financial year has also been extended from 31 March to the last week of June 2020.
  19. Finance Minister Nirmala Sitharaman said that the limit for companies not repaying loan installments and declaring them defaulters has been increased from the current one lakh rupees to one crore rupees.
  20. Previously, insolvency action could be started against the company on loan default of more than one lakh rupees, now this action will be started only after default in repaying loans up to one crore rupees.

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