Monthly Archive: May 2020

Following Taxpayers will Get Immediate refund

Tax relief to business as pending income tax refunds to charitable trusts and non-corporate businesses and professions to be issued immediately The pending income tax refunds to charitable trusts and non-corporate businesses and professions...

Relief to Real Estate Projects under RERA

Relief to Real Estate Projects the registration and completion date for all registered projects will be extended up to six months State Governments are being advised to invoke the Force Majeure clause under RERA....

Relief for Contractors

Relief to Contractors given by extension of up to six months for completion of contractual obligations, including in respect of EPC and concession agreements All central agencies like Railways, Ministry of Road Transport and...

Rs 90,000 crore Liquidity Injection for DISCOMs

• Revenues of Power Distribution Companies (DISCOMs) have plummeted.• Unprecedented cash flow problem accentuated by demand reduction• DISCOM payables to Power Generation and Transmission Companies is currently ~ Rs 94,000 cr• PFC/REC to infuse...

Special Liquidity Scheme for NBFC/HFC/MFI

NBFCs/HFCs/MFIs are finding it difficult to raise money in debt markets. • Government will launch a Rs 30,000 crore Special Liquidity Scheme• Under this scheme investment will be made in both primary and secondary...

EPF -Employee Provident Fund Support extended

Employees Provident Fund Support for business and organised workers The scheme introduced as part of PMGKP under which Government of India contributes 12% of salary each on behalf of both employer and employee to...