{"id":229589,"date":"2020-05-15T16:01:22","date_gmt":"2020-05-15T10:31:22","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=229589"},"modified":"2023-10-03T17:43:37","modified_gmt":"2023-10-03T12:13:37","slug":"live-day-3-third-tranche-of-economic-relief-to-be-unfolded-by-finance-minister-stay-tuned","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/05\/15\/live-day-3-third-tranche-of-economic-relief-to-be-unfolded-by-finance-minister-stay-tuned\/","title":{"rendered":"Breaking| [DAY-3] Third Tranche of Economic Relief unfolded by Finance Minister; Govt. to amend Essential Commodities Act to enable better price realisation for farmers"},"content":{"rendered":"<h3 style=\"text-align: center;\"><span style=\"color: #ff0000;\"><strong>Live Updates to Follow<\/strong><\/span><\/h3>\n<ul>\n<li style=\"text-align: justify;\"><strong>Focal Point: Agriculture<\/strong><\/li>\n<li style=\"text-align: justify;\">One lakh Crore for &#8212; Strengthening Farming Infrastructure; Cold Storage, Grain Storage, etc.; Funding Agriculture Infrastructure Projects at farm-gate &amp; aggregate points.<\/li>\n<li style=\"text-align: justify;\">Rs 10, 000 Crore for boosting local products for Global sale;Vocal for Local with Global outreach; Formalisation of Micro Food Enterprises<\/li>\n<li style=\"text-align: justify;\">Rs 20,000 crores for Fishermen through Pradhan Mantri Sampada Yojana<\/li>\n<li style=\"text-align: justify;\">100% vaccination of livestock;National Animal Disease Control Programme launched<\/li>\n<li style=\"text-align: justify;\">Animal\u00a0 Husbandry infrastructure fund &#8212; Rs, 15,000 Crores<\/li>\n<li style=\"text-align: justify;\">Rs 4000 Crores to promote herbal cultivation in India that aims to cover 10 lakh hectare under herbal cultivation in 2 years; Corridor of medical plants to come up across banks of Ganga<\/li>\n<li style=\"text-align: justify;\">Rs 500 Crores for Beekeeping initiatives<\/li>\n<li style=\"text-align: justify;\">500 crore for improving supply chain of fruits, vegetables, etc.;Govt. extends Operation Greens from Tomatoes, Onion and Potatoes to all fruits and vegetables<\/li>\n<li style=\"text-align: justify;\">Amendment to Essential Commodities Act<\/li>\n<li style=\"text-align: justify;\">Farmers &amp; Farmers getting adequate choice to sell their produce at attractive price: Central Law to be introduced;<\/li>\n<li style=\"text-align: justify;\">Law to implement agriculture marketing reforms to provide marketing choices to farmers; law will provide adequate choices to farmer to sell produce attractive price<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\"><strong>Refer to the past two days live updates below:<\/strong><\/span><\/p>\n<p><strong>Read below the reliefs offered by the Finance Minister, with the focus being MSMEs:<\/strong><\/p>\n<h3 style=\"text-align: justify;\"><strong><a href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/05\/13\/finance-minister-may-announce-details-of-rs-20-lakh-crore-relief-announced-by-prime-minister-stay-tuned\/\">LIVE UPDATES<\/a> [14-05-2020]\u00a0<\/strong><\/h3>\n<ul style=\"text-align: justify;\">\n<li><strong>Focal point:<\/strong>\u00a0Liquidity, Labour, Law and Land.<\/li>\n<li>6 Major steps for MSMEs<\/li>\n<li>Collateral free Automatic Loans upto Rs 3 lakh Crores<\/li>\n<li>100 % credit guarantee<\/li>\n<li>Additional Funds for MSME revival<\/li>\n<li>Loans to be given till October 31st<\/li>\n<li>Rupees 20 Crore for stressed MSMEs<\/li>\n<li>50,000 Crore equity to be infused for viable and potential MSMEs<\/li>\n<li><strong>New Definition of MSMEs \u2014 Investment can be upto 1 Cr and turnover upto 5 Crore<\/strong><\/li>\n<li>Global tender to be allowed upto Rs 20 Crores<\/li>\n<li>Other interventions for MSMEs<\/li>\n<li>Rs 2500 crores EPF support for businesses and Workers for 3 months<\/li>\n<li>EPF contribution reduced for Business and Workers for 3 months \u2014 Rs 6750 Crores<\/li>\n<li>Rs 30,000 crores liquidity facility for NBFC\/HCs\/MFIs<\/li>\n<li>Rs 45,000 Crores Partial Credit Guarantee Scheme 2.0 for NBFC<\/li>\n<li>Rs 90,000 CR liquidity injection for DISCOMs<\/li>\n<li>Relief to contractors<\/li>\n<li>Extension of registration and completion date of real estate projects under RERA; No individual applications needed; Suo Moto be done; Registered projects expiring on or after 25th March<\/li>\n<li>Rs 50,000 crores Liquidity through TDS\/TCS reductions till March 2021<\/li>\n<li>Tax filing due date extended to 30th November, 2020<\/li>\n<li>Pending refunds to charitable trusts and non-corporate businesses &amp; professions including proprietorship, partnership, LLP and Co-operatives shall be issued immediately.<\/li>\n<li>Due date of all income tax return for FY2019-20 extended from 31st July, 2020 &amp; 31st October, 2020 to 30th November, 2020 and Tax audit from 30th September, 2020 to 31st October, 2020.<\/li>\n<li>Date of Assessments getting barred on 30th September, 2020 extended to 31st December, 2020 and those getting barred on 31st March, 2021 will be extended to 30th September, 2021.<\/li>\n<li>Period of Vivad se Vishwas Scheme for making payment without additional amount will be extended to 31st December, 2020<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span style=\"color: #ff0000;\"><strong><a href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/05\/14\/day-2-unfolding-of-20-lakh-crore-package-fm-to-announce-next-set-of-economic-reliefs-shortly-stay-tuned\/\">LIVE UPDATES<\/a> [15-05-2020]:<\/strong><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li><span style=\"color: #008000;\"><strong>FOCUS:<\/strong> Migrant Workers, Street vendors, Small Farmer, Self Employed, Traders, etc.<\/span><\/li>\n<li><strong><span style=\"color: #ff0000;\">9 Steps will be announced.<\/span><\/strong><\/li>\n<li><strong><span style=\"color: #ff0000;\">14.62 crore person-days of work generated till 13th May 2020<\/span><\/strong><\/li>\n<li>10,000 crore actual expenditure till date<\/li>\n<li>National Floor Wage to be introduced<\/li>\n<li>Re-skilling of workers<\/li>\n<li>Universal minimum wages<\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\"><span style=\"color: #0000ff;\"><strong>Reliefs<\/strong><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li>Free food grain supply to all migrants for next 2 months [For non-card holders: 5 kgs of wheat or rice or 1 kg of chana]; State Governments to implement, Centre to borne costs<\/li>\n<li>One Nation One Ration card to be implemented within 3 months<\/li>\n<li>Affordable rented accommodation for migrants; Rental Housing Scheme;Migrant Workers \/ Urban Poor to have Affordable Rental Housing Complexes (ARHC): Government will launch a scheme under<\/li>\n<li>Mudra Shishu Loans: <span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">Government of India will provide Interest subvention of 2% for prompt\u00a0 <\/span><span class=\"r-18u37iz\">MUDRA<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">&#8211; Shishu Loans payees for a period of 12 months; Relief of Rs 1500 cr to MUDRA-Shishu loanees<\/span><\/li>\n<li>Special Credit facility for Street Vendors: Easy access to credit; Rs 5000 cr Special Credit Facility<\/li>\n<li><span style=\"color: #0000ff;\"><strong>Middle Income Group <\/strong><span style=\"color: #000000;\">with upto 6 to 18 lakh income group: <strong>Credit link subsidy scheme for housing<\/strong> to be extended till March 2021; 2.5 lakhs middle income families to benefit during 2020-21<\/span><\/span><\/li>\n<li><span style=\"color: #0000ff;\"><span style=\"color: #000000;\"><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">To create job opportunities for <\/span><span class=\"r-18u37iz\">Tribals<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> \/Adivasis-Plans worth Rs 6000 crores to be approved shortly under Compensatory Afforestation Management &amp; Planning Authority (<\/span><span class=\"r-18u37iz\">CAMPA<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">) Funds<\/span><\/span><\/span><\/li>\n<li>Rs 30,000 Crore additional emergency working capital fund through NABARD<\/li>\n<li>Kisan Credit Card: 2 lakh Crore concessional credit for farmers;<span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> 2 lakh crore Concessional credit boost to 2.5 crore farmers through <\/span><span class=\"r-18u37iz\">KisanCreditCards<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">; Fishermen and Animal Husbandry farmers will also be included in this drive<\/span><\/li>\n<\/ul>\n<div class=\"twitter-share\" style=\"text-align: justify;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Live Updates to Follow Focal Point: Agriculture One lakh Crore for &#8212; Strengthening Farming Infrastructure; Cold Storage, Grain Storage, etc.; Funding Agriculture <\/p>\n","protected":false},"author":8808,"featured_media":229459,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[41381,29562,41380,39924,41379,40111,30824,41382],"class_list":["post-229589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news","tag-20-lakh-crore-economic-package","tag-agriculture","tag-atma-nirbhar-bharat-abhiyan","tag-covid-19","tag-economic-relief","tag-essential-commodities-act","tag-farmers","tag-legal-framework"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Breaking| [DAY-3] Third Tranche of Economic Relief unfolded by Finance Minister; 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Non-Strategic PSUs to be Privatised by GOI; No fresh Insolvency proceedings upto 1 Year [Read Major Breakthroughs]","author":"Bhumika Indulia","date":"May 17, 2020","format":false,"excerpt":"LIVE UPDATES [17th May, 2020]: Focus: MNREGA, Health, education, Business, De-Criminalisation of Co. Act, Ease of Doing Business, State Governments, Public Sector Enterprises. MGNREGA: Additional 40,000 Crore for the scheme Ramping up the health infrastructure: Districts to have Infectious Diseases Blocks; More Testing Labs (Both Pvt. & Public) PM E-Vidya\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":230423,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/06\/03\/breaking-ordinance-to-promote-barrier-free-inter-state-historic-amendment-to-essential-commodities-act\/","url_meta":{"origin":229589,"position":2},"title":"Breaking | Ordinance to promote barrier-free inter-state &#038; intra-state trade in agriculture produce approved; Historic Amendment to Essential Commodities Act","author":"Bhumika Indulia","date":"June 3, 2020","format":false,"excerpt":"One India, One Agriculture Market The Union Cabinet chaired by Prime Minister Shri Narendra Modi met on 3rd\u00a0June, 2020. Several landmark and historic decisions were taken in the meeting, which will go a long way in helping India\u2019s farmers while also transforming the agriculture sector. Historic Amendment to Essential Commodities\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Agrculture.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Agrculture.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Agrculture.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Agrculture.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/06\/Agrculture.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":169783,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/11\/20\/updated-harmonized-master-list-infrastructure-sub-sectors-notified\/","url_meta":{"origin":229589,"position":3},"title":"Updated Harmonized Master List of Infrastructure Sub-sectors notified","author":"Saba","date":"November 20, 2017","format":false,"excerpt":"NOTIFICATION F. No. 13\/1\/2017-INF.\u2014With the approval of the Competent Authority, an updated Harmonized Master List of Infrastructure Sub-sectors (Annexure-I) is hereby notified. The new list incorporates the following change to the notification dated 17th October, 2017: 1. Widening the Category at serial no.1 which currently reads \u201cTransport\u201d to \u201cTransport and\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":185734,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/02\/05\/summary-budget-2018-19\/","url_meta":{"origin":229589,"position":4},"title":"Summary of Budget 2018-19\u00a0","author":"Saba","date":"February 5, 2018","format":false,"excerpt":"Government says that it is firmly on course to achieve high growth of 8% plus as manufacturing, services and exports are back on good growth path. While GDP growth at 6.3% in the second quarter of 2017-18 signalled turnaround of the economy, growth in the second half is likely to\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/02\/budget.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":229511,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/05\/14\/day-2-unfolding-of-20-lakh-crore-package-fm-to-announce-next-set-of-economic-reliefs-shortly-stay-tuned\/","url_meta":{"origin":229589,"position":5},"title":"Breaking [DAY-2] Unfolding of 20 Lakh Crore Package| FM announces second tranche of economic reliefs; One Nation One Ration Card!","author":"Bhumika Indulia","date":"May 14, 2020","format":false,"excerpt":"Background: Amidst the Corona crisis, PM announced\u00a0 a special economic package with a new resolution. This economic package will serve as an important link in the\u00a0\u2018AtmaNirbhar Bharat Abhiyan\u201d (Self Reliant India Campaign)\u2018. LIVE UPDATES: FOCUS: Migrant Workers, Street vendors, Small Farmer, Self Employed, Traders, etc. 9 Steps will be announced.\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/05\/ECONOMIC-PACKAGE.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/229589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=229589"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/229589\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/229459"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=229589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=229589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=229589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}