The number of India’s coronavirus infections crossed China’s official toll of infections, where the virus originated last year. Meanwhile, the finance minister announced reforms for the agriculture sector under the Atmanirbhar Bharat campaign.
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Finance minister Nirmala Sitharaman revealed the government’s second plan with the Atmanirbhar Bharat Abhiyan stimulus package. While the first trance focused on MSMEs, the second focused on migrant workers, farmers and the poor.
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A day after PM Narendra Modi’s announced a ₹20 lakh crore stimulus package to boost the coronavirus-hit economy, finance minister Nirmala Sitharaman unveiled the first plan of ₹5.5 lakh crore focusing on putting life into the country’s MSMEs.
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The CII survey of more than one lakh companies show the number of new jobs created in the micro, small and medium enterprises sector in the last four years stood at just 332,394, which is only 13.9 per cent higher than the base four years ago.
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In order to give a relief to the small business just before the upcoming Lok Sabha election, the GST council, on Thursday, approved the doubling of the annual turnover exemption limit for the goods and services tax composition scheme.
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