New Delhi: Finance Minister Nirmala Sitharaman on Thursday is set to announce yet another round of measures as a part of the grand ‘Atmanirbhar Bharat Abhiyan’, the Rs 20 lakh crore economic stimulus package announced by Prime Minister Narendra Modi. In her second press briefing, Sitahraman is expected to focus on measures for migrant workers and strengthen the rural economy that has upended due to the coronavirus lockdown. Also Read - Centre Working on Fresh Economic Package to Address 2nd Wave of Coronavirus: Report
Earlier on Wednesday, the finance minister announced economic boosters worth Rs 6 lakh crore, that included Rs 3 lakh crore collateral-free automatic loans for small and medium businesses (MSMEs). Also Read - No Interest Cut on Small Savings Schemes: Finance Ministry Withdraws Orders 'Issued by Oversight'
Sitharaman had also announced Rs 90,000 crore liquidity infusion will be made in electricity distribution companies to help them fight the current financial stress. Alongside, she also announced major steps towards NBFCs, MFIs and tax relaxations for employees. Also Read - Govt Slashes Rates on Small Savings Schemes by up to 1.1 Per Cent, PPF Hits 46-Year Low of 6.4 Per Cent
FM Sitharaman said relaxations on the TDS/TCS rates for non-salaried payments up to March 31, 2021, by 25 per cent. Further, she extended the dates for filing income tax returns and other assessments to November 30.