Centre’s Narendra Modi government with a Rs 1.7 lakh crore package to ensure that no poor, farmers, and laborers in the country are hungry. The Reserve Bank opened its box for small businesses and industries. Being dependent does not mean that we take isolationist thinking. Any nation can be called full self-reliant only if its local products establish itself as a brand at the global level. This is possible only when the nation’s economy, infrastructure, system, demography, and demand are strong. When the whole world is moaning from the corona. The virus infection has jammed the wheel of life. India is also not insulated from it. The country has a lockdown since the March 22 public curfew. During the two consecutive phases of lockdown, the chimney of the industries remained closed, the business was locked, the wheels of the railbuses stayed as if life remained.
When it hit the poor, daily wage workers, the Narendra Modi government at the Centre came up with a package of Rs 1.7 lakh crore to ensure that no poor, farmers and laborers in the country were hungry. The Reserve Bank opened its box for small businesses and industries. Now, when the government has given some concessions in lockdown three, gradually life is coming on track. It is said that any problem comes with you with an opportunity, it is also with Kovid-19. China has been trying to get countries around the world over the corona starting from Wuhan City. There is an opportunity for India to establish itself as a manufacturing hub, to present itself as a brand in place of China. Addressing the country on Tuesday, Prime Minister Narendra Modi said India has to become self-reliant after the epidemic. When the crisis started, not a single PPE kit was formed in India. Today, India has two lakh PPE kits every day. Now the vocal for the local campaign is expected to give new energy to Modi’s Make in India campaign.
Make in India was Modi’s dream project. Now, the Prime Minister announced a package of 20 lakh crore to become a local vocal amidst the crisis. Now, Finance Minister Nirmala Sitharaman has made 15 announcements to provide relief to MSMEs, NBFCs, MFIs, real estate, taxes, and contractors, moving forward on the path of swadeshi, which is set to revive our industries. A loan of Rs. 3 lakh crore will be given to MSMEs, which is going to be two-four from the crisis. This will benefit 45 lakh industries. The government will also contribute to the PF, benefiting about 70.22 lakh employees. Further, the rates of TDS will be cut by 25% by March 2021. This will benefit Rs. 55 thousand crores. The date of income tax returns has also been extended from 31st July to 30th November. The date of the tax audit has also now been made on 31st October instead of 30th September.
A special liquidity scheme of Rs. 30, 000 crores will be launched to address the liquidity problem of non-banking financial companies. 90,000 crore to promote power generating companies of hard-walled states. All government agencies like railways will give six months extension in roadways contract. The rates of TDS will be reduced by 25 percent. On Wednesday, the finance minister has announced a package of six lakh crore. He is going to open a box of concessions for three consecutive days. It is decided that the announcements made today are going to provide great relief to our industries and this relief is also a concrete step to take the domestic route to the global path. subscribe chauhansameer.com for the latest news, opinions, Delhi news, Delhi news today, Bihar news, states news, political analysis, and sports news.