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economic package

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Airlines say lack of direct relief may cause downsizing of sector

Indian airlines seeking a comprehensive bailout package said the Centre’s stimulus moves will give little relief considering the fleets are grounded and daily losses are mounting due to the lockdown.
The clampdown on Indian aviation began in mid-February with a ban on flights to and from coronavirus-hit countries.(AP file photo)
The clampdown on Indian aviation began in mid-February with a ban on flights to and from coronavirus-hit countries.(AP file photo)
Updated on May 19, 2020 03:48 AM IST
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livemint, New Delhi | ByRhik Kundu

Economic package has nothing for industry: Retailers

More money should have been put in the hands of consumers to keep demand intact, especially as job losses are imminent, said retailers of apparel, phones, footwear and accessories
Union Finance Minister Nirmala Sitharaman(Sonu Mehta/HT PHOTO)
Union Finance Minister Nirmala Sitharaman(Sonu Mehta/HT PHOTO)
Updated on May 19, 2020 02:40 AM IST
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livemint, New Delhi | BySuneera Tandon

FM Nirmala Sitharaman to announce 5th and final tranche of economic package at 11 am

In her fourth day of the briefing on the stimulus package on Saturday, Sitharaman announced “structural reforms” in 8 sectors - coal, minerals defence production, airspace management, MROs power distribution companies, space sectors, atomic energy.
Sitharaman held her first press conference and shared details of the stimulus package on Wednesday.(Sonu Mehta/HT PHOTO)
Sitharaman held her first press conference and shared details of the stimulus package on Wednesday.(Sonu Mehta/HT PHOTO)
Updated on May 17, 2020 08:55 AM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Sparshita Saxena

RSS affiliated labour union slams Sitharaman’s reforms, claims govt is going in wrong direction

The BMS alleges entry of private players in the key sectors such as defence, space, atomic energy, coal, minerals etc displays a dearth of ideas.
The finance minister and her deputy announced reforms in eight sectors including defence production, space, power, coal, atomic energy etc.(ANI Photo)
The finance minister and her deputy announced reforms in eight sectors including defence production, space, power, coal, atomic energy etc.(ANI Photo)
Updated on May 16, 2020 09:47 PM IST
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Hindustan Times, New Delhi | BySmriti Kak Ramachandran | Edited by Abhinav Sahay

FM Nirmala Sitharaman’s 4th phase of announcement on economic package today at 4pm

Sitharaman held her first press conference and shared details of the stimulus package on Wednesday.
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman during a press conference detailing the centre’s announcement of an economic stimulus package during lockdown at the National Media Centre in New Delhi on Wednesday.(Sonu Mehta/HT PHOTO)
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman during a press conference detailing the centre’s announcement of an economic stimulus package during lockdown at the National Media Centre in New Delhi on Wednesday.(Sonu Mehta/HT PHOTO)
Updated on May 16, 2020 11:48 AM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Sparshita Saxena

Rs 20 lakh cr Covid package’s 2nd chunk delivered: Total economic pkg in numbers

Nirmala Sitharaman’s press conference on the second day of announcement of Rs 20, lakh crore special economic package for all affected sectors of economy and individuals focussed on migrant labourers, farmers and street vendors.
Union Finance Minister Nirmala Sitharaman is announcing the details of the Rs 20 lakh crore economic package to fight coronavirus pandemic.(PTI Photo)
Union Finance Minister Nirmala Sitharaman is announcing the details of the Rs 20 lakh crore economic package to fight coronavirus pandemic.(PTI Photo)
Updated on May 14, 2020 06:40 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Abhinav Sahay

Special Covid package has 6 MSME reforms to power PM Modi’s reliant India mantra

Finance minister Nirmala Sitharaman announced about 15 measures on Wednesday including six for the MSMEs to revive a Covid-19 hit economy.
The finance minister while announcing the reforms claimed the changes were aimed to make the Indian economy self-reliant.(File photo for representation)
The finance minister while announcing the reforms claimed the changes were aimed to make the Indian economy self-reliant.(File photo for representation)
Updated on May 13, 2020 07:45 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Abhinav Sahay

Mega Covid 19 relief package: Income tax returns for 2019-20 can now be filed until November

The tax rebate offered by the finance minister will not have any impact on salaries.
Nirmala Sitharaman announced 15 relief measures on the first day of a series of announcements totalling up to Rs 20 lakh crore, which will be made over the next few days.(ANI Photo)
Nirmala Sitharaman announced 15 relief measures on the first day of a series of announcements totalling up to Rs 20 lakh crore, which will be made over the next few days.(ANI Photo)
Updated on May 13, 2020 06:18 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by Abhinav Sahay

Markets back to winning ways on stimulus lift; Sensex reclaims 32k-mark

After rallying 1,474.36 points during the day, the 30-share benchmark surrendered some gains to settle 637.49 points or 2.03 per cent higher at 32,008.61.
The much-awaited stimulus package announced by the PM cheered the investors on Wednesday which triggered a decent up move in the benchmark as well.(PTI file)
The much-awaited stimulus package announced by the PM cheered the investors on Wednesday which triggered a decent up move in the benchmark as well.(PTI file)
Updated on May 13, 2020 06:03 PM IST
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Mumbai | ByPress Trust of India

TDS on non-salaried income reduced by 25%, last date for returns extended

The government has extended the due date of filing all income tax returns for FY 2019-20 from 31 July 2020 and 31 October 2020 to 30 November 2020
This reduction will come into force from tomorrow and shall be applicable for the remaining part of the financial year 2020-21. (AFP)
This reduction will come into force from tomorrow and shall be applicable for the remaining part of the financial year 2020-21. (AFP)
Updated on May 13, 2020 05:54 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent

FM announces Rs 3 lakh crore collateral free automatic loan for MSMEs

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.
Also units with turnover up to Rs 5 crore to be called micro units, she said, adding a turnover based criteria is being introduced to define small businesses.(Ramesh Pathania/ HT)
Also units with turnover up to Rs 5 crore to be called micro units, she said, adding a turnover based criteria is being introduced to define small businesses.(Ramesh Pathania/ HT)
Updated on May 13, 2020 05:11 PM IST
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New Delhi | ByPress Trust of India

‘To spur growth’: Nirmala Sitharaman on PM Modi’s Atamanirbhar Bharat Abhiyan

Finance Minister Nirmala Sitharaman held a press conference on Wednesday, a day after Prime Minister Narendra Modi announced 20 lakh crore package to tide over Covid-19 crisis.
Finance minister Nirmala Sitharaman(Screengrab)
Finance minister Nirmala Sitharaman(Screengrab)
Updated on May 13, 2020 05:30 PM IST
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Hindustan Times, New Delhi | Byhindustantimes.com | Edited by: Amit Chaturvedi
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