Nirmala Sitharaman on Economic Package [Summary]

[Elliott]

Hi All, lets discuss about Economy Financial Package. Lets maintain this thread for all the latest updates regarding Economy package that was declared yesterday by prime minister modi.

So, What do you think about it guys ?

 

[Heisenberg]

For Employees benefit

1. A liquidity relief of ₹2,500 crore EPF support is being given to all EPF establishments, EPF contribution will be paid by Govt. of India for another 3 months till August.

2.Statutory EPF contribution for all organisations and their employees covered by EPFO has been reduced to 10% from 12% earlier. This doesn't apply to govt organisations.

 

[Elliott]

I like these two points from the speech

1. Great scheme of one nation and one ration card.
2. Also subsidy provided to kisaans for agriculture loan.

 

[Pikachu]

Finance Minister said. Further, the government has introduced TOP to TOTAL scheme to repair broken supply chains. “This scheme will have 50% subsidy on transportation from surplus to deficient markets; 50% subsidy on storage, including cold storages