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Four telling examples of how the #AatmanirbharBharat #20lakhcrores Jhumla is put together. #NirmalaSitharaman says
1. 12% Provident Fund contribution reduced to 10% over the next 3 months.
This is being counted as 6750 Crore of "Liquidity Support"...
1. 12% Provident Fund contribution reduced to 10% over the next 3 months.
This is being counted as 6750 Crore of "Liquidity Support"...
2. Tax Collections/Deductions AT SOURCE for transactions involving non-salaried people, will be reduced by 25%.
This is estimated to be 50000 Crore "in People's Hands"...
This is estimated to be 50000 Crore "in People's Hands"...
3. Our beloved #FinanceMinister also referred to the Tax refunds that were pending and released back in April. Unclear if she was merely alluding to it, or even those 18000 Crore are counted in the 20L Crore... https://www.hindustantimes.com/india-news/18k-cr-released-as-tax-refunds/story-oYaNcxAv4mrnNHxBwv5k6M.html
4. Central Govt and PSUs will clear all outstanding dues to MSMEs in the next 45 days.
Amount unspecified (speculation is around 1L Crore)... https://twitter.com/ANI/status/1260529967802150915
Amount unspecified (speculation is around 1L Crore)... https://twitter.com/ANI/status/1260529967802150915
If the examples above typify the "stimuli", they ought to hv exerted some more creativity to create a fictional package of 20% of GDP.
What it honestly is: deferred payments to Govt, accelerated payment of dues to Citizens/Enterprises.
#NoUlluBanaoingModiji & #FinanceMinister
What it honestly is: deferred payments to Govt, accelerated payment of dues to Citizens/Enterprises.
#NoUlluBanaoingModiji & #FinanceMinister
