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MODI Govts relief package : Major & proactive boost to INDIAN Economy
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This Govt means business…
Finance Minister comes our with major Changes to boost Economy & to stem Economic slowdown
1. Home & Auto Loans to become cheaper
2. Surcharge on FPIs & Domestic Investors removed
3. No surcharge on Cap Gains
4. On closure of loans you will get back your Original Docs within 15 days
5. Rs. 70,000 Cr to be pumped in PSUs immediately
6. Rs. 20,000 crores additional liquidity support to Housing Finance Companies
7. NBFCs may now use AADHAAR Linked KYC
8. All Pending GST refunds to be cleared within 30 days ; all future refunds to be cleared within 60 day ; this is HUGE
9. MSME definition revised ; single definition of MSME
10. Bond market Reforms with attempt to deepen the bond market
11. Access to foreign capital via ADR & GDR made easier
12. AADHAR based KYC can be used to open demat account & invest in Mutual Funds
13. Offshore Rupee market in domestic Stock Exchange
14. INFRASTUCTURE : Delayed payment from Govt to infra players shall be cleared asap & looked into asap & payment released
15. After Arbitration: 75% of Awards shall be released
16. AUTO Sector: BS IV vehicles purchased till 2020 March shall remain operational till registration
17. Revision of one time registration: deferred till June 2020
18. All vehicles acquired from now till Mar 2020 will enjoy additional 15% depreciation
19. EVs & Internal Combustion vehicles shall continue to be registered
20. Govt to lift ban on purchase of new vehicles to replace old ones
21. Scrappage policy to be revisited
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