Restarting India: COVID-19 fiscal measures has been saved
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Restarting India: COVID-19 fiscal measures
Following the Prime Minister’s announcement on 12 May 2020 of a special economic and comprehensive package of INR 20 trillion (~US$ 267 billion) (~ 10% of India’s GDP) and the call for building a self-reliant India, the Finance Minister announced various fiscal and other relief measures.
We have summarised key features of these announcements, covering all 5 tranches, in the alerts.
Restarting India | Fiscal measures 2.1
The Finance Minister, in a press conference held on 13 May 2020, announced several measures aimed at supporting Micro Small and Medium Enterprises (MSMEs), Non-Banking Finance Companies (NBFCs), Housing Finance Companies (HFCs), Micro Finance Sector, Real Estate and Power Sector, with specific focus on infusing liquidity where it is most needed.
This is the first tranche of several measures proposed to be announced in the next few days. Deloitte India has summarized the key features of these announcements.
Click to read the Income-tax relief measures announced.
Restarting India | Fiscal measures 2.3
The Finance Minister, in a press conference held on 15 May 2020, announced measures aimed at supporting the agricultural sector.
This is the third tranche of the measures announced by the Finance Minister on 15 May 2020. We have summarised key features of these announcements. Click to read more.
Restarting India | Fiscal measures 2.4
The Finance Minister, in a press conference held on 16 May 2020, announced measures aimed at supporting the Energy, Resources, Industrial and Infrastructure sector.
This is the fourth tranche of the measures announced by the Finance Minister on 16 May 2020. We have summarised key features of these announcements. Click and learn more.
Restarting India | Fiscal measures 2.5
The Finance Minister announced measures aimed at supporting employment, health, education and business during COVID-19, aimed at decriminalization of offences under the Companies Act, on the ease of doing business and the building of a road map for the public sector to increase participation in economic activity in the country.
This is the fifth and last tranche of the measures announced by the Finance Minister. We have summarised key features of these announcements. Click to know more.
