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Nirmala Sitharaman to address media presser at 2 pm via video conference


Kool_SRG

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Announcements on IBC

 

  • The threshold for default is currently Rs 1 lakh. We are raising this to Rs 1 crore.

 

  • We may consider suspending Section 7, 9 and 10 of the Insolvency and Bankruptcy Code (IBC), at a later stage, if the current situation continues beyond six months.

     

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Banking announcements

  • Debit card holders who withdraw cash from any bank ATM can do it free of charge, from any other bank’s ATM, for the next three months. Also, there shall not be any minimum balance requirement fee.

 

  • Bank charges are being reduced for digital trade and transactions.

     



     

 

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36 minutes ago, Hydrockers said:

Any packages ?

+_(

The government is also working swiftly to come up with an economic package and it will be announced soon, said the finance minister.

However, no specific date was given for the economic relief package, which many industry bodies have requested as Covid-19 causes more headaches for businesses.

FM Nirmala Sitharaman has reiterated that an economic package will be announced sooner, rather than later.

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Economic relief package to be announced 'soon', reiterated FM

As the media briefing came to an end, Nirmala Sitharama reiterated that an economic package will be announced "sooner", rather than later.

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5 minutes ago, Kool_SRG said:

+_(

The government is also working swiftly to come up with an economic package and it will be announced soon, said the finance minister.

However, no specific date was given for the economic relief package, which many industry bodies have requested as Covid-19 causes more headaches for businesses.

FM Nirmala Sitharaman has reiterated that an economic package will be announced sooner, rather than later.

Nammam dora

Ichina peanuts anthe janalaki

Ade corporates ki iathe diamonds 

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