Amid lockdown, Modi government announced Rs 1.70 lakh crore package

New delhi date. March 26, 2020, Thursday

Corona virus is practiced in most countries around the world including India. The epidemic has so far filled 3 persons in Gujarat. A 21-day lockdown has been announced across the country to prevent further spread of corona

The lockdown is causing the country's economy to suffer the biggest loss. Meanwhile, Nirmala Sitaram has announced a Rs 1.70 lakh crore package to prevent corona. The biggest announcement has been made by the government following the Kora epidemic. Currently, Anurag Thakur and Finance Minister Nirmala Sitharaman are holding a press conference.

The government has been working for the poor since the lockdown. 50 lakh insurance has also been announced for Corona Affiliates. The poor will benefit from the PM Poor Welfare Scheme.

The government has announced 50 lakh insurance for health workers in the country. Nirmala Sitaraman has said that helping the poor is essential. The poor will receive both food and money.

The poor will receive both food and money. In white clothes God is a health worker.

- Central government announces a package of 1.70 lakh crore

- 50 lakh insurance was also announced for Corona influencers

- 50 lakh insurance for 20 lakh health workers present on duty

- People working in white clothes have come to be God for us

- In the account of 20 crore women, housing will be deposited at Rs 500 per month for three months

- An additional Rs 1000 will be provided for the elderly, widows and the disabled for the next three months

- The money will be deposited in two installments

- The wages of laborers under MNREGA have been increased. More than Rs 182, Rs 202, the family is expected to benefit 5 crore.

- Under the Prime Minister Kisan Samman Nidhi Yojana, farmers have decided to deposit an additional 2000 rupees into their account in the April installment.

- 8 crore farmers will benefit. Money will be transferred directly to the farmers account through Jan-Dhan account.

- 50 lakhs insurance to 20 lakh employees, including Asha worker, paramedical staff, technical staff, doctors. It will benefit about two million employees.

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- 80 million poor people will be provided with food.

- There will be no poor hunger so 5 kg of wheat or rice will be given to each person for the next three months.

- The previous five kilos will also be available.

- 1 kg of pulses of choice will be provided per family for the next three months.

Previously announced

Finance Minister Nirmala Sitharaman has promised to provide a package to relieve the country's economy due to the corona virus. Addressing reporters on Tuesday, Sitharaman said the relief package would be announced as soon as possible. Relief can be taken with Income Tax, GST. In addition, the finance ministry has extended the date of filing of income tax return for the year 2018-19 to 30 June. However, due to delay in filing IT returns, the charge has been reduced from 12 per cent to 9 per cent. The government has clarified that companies can use CSR funds to carry out tasks related to the Kora virus. The funds will be used to help fight the Corona virus. Meetings of directors of companies which are not found in 2020. These companies should not be deemed to have violated the rules.

The date for linking Aadhaar and PAN card together has also been extended. The deadline for the earlier 30 dates has now been increased to 20 June 2020. After the spread of Covid 19, the difficulties against the economy have increased tremendously. The finance ministry and the RBI are taking several steps to increase liquidity. Due to the increase in transit, lock-down has taken place in almost all the states of the country and curfew has been imposed in some states. This is affecting the industry badly. If a company with a turnover of Rs 5 crore will delay filing GST return then no interest, penalty or late fee will be charged. The director of companies will have to stay in India for at least 182 days. Failure to do so would constitute a violation of the rules. Declaration time has been increased from 6 months to one year for owners of new companies.

Indian economy will suffer a major blow

The corona could hurt the Indian economy. Now brokerage firm UBS India has reduced India's economic growth forecast for the financial year 2020-21. UBS said that India will receive only 4% growth rate in the meantime. UBS had previously estimated India's real GDP growth to be 5.1%. In the past, rating agencies like S&P, Fitch and Moody's have also greatly reduced India's GDP growth forecast.

The government has now extended the deadline for holding board meetings to 60 days. This exemption will be valid for two quarters.