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Ministry of Finance Special Liquidity Scheme for NBFCs and HFCs: Implementation Status Five proposals involving an amount of Rs. 3090 crore sanctioned; 35 more applications under process Posted On: 24 JUL 2020 8:19PM by PIB Delhi The Special Liquidity Scheme of Rs. 30,000 crore for NBFCs and HFCs is being implemented w.e.f. 1 st  July, 2020 as a follow up of one of the announcements under Aatma Nirbhar Bharat package made by the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman  on 13 th  May, 2020. The Scheme has been launched to improve the liquidity position of NBFCs/HFCs through a Special Purpose Vehicle (SPV) to avoid any potential systemic risks to the financial sector. The Scheme has received a very positive response.  As on 23 rd  July, 2020, five (5) proposals involving an amount of Rs. 3090 crore have already been sanctioned. Further, 35 more applications have been received seeking financing upto Rs. 13776 crore, which are under process. The Scheme is

SC dismisses plea seeking compliance of MHA's order on rent during lockdown A bench headed by Justice Ashok Bhushan, which was hearing the matter through video-conferencing, dismissed the plea and said the apex court cannot implement the orders of the government. The Supreme Court in a decision on May 6, 2020, refused to entertain a plea seeking direction to the Centre to ensure compliance with the MHA order directing landlords to neither ask students and labourers to vacate the premises nor to seek rent for a month during the COVID-19 lockdown. A bench headed by Justice Ashok Bhushan, which was hearing the matter through video-conferencing, dismissed the plea and said the apex court cannot implement the orders of the government. The bench, also comprising Justices S K Kaul and B R Gavai, observed that there is already a helpline to monitor the situation and persons aggrieved can approach the authorities concerned through it. The petitioners, advocate Pawan Prakash Pathak and A K P

Aatma Nirbhar Bharat Package – Progress So Far Finance Minister Smt. Nirmala Sitharaman reviews implementation of Aatma Nirbhar Bharat Package pertaining to Ministries of Finance & Corporate Affairs Hon’ble Prime Minister Shri Narendra Modi on May 12th, 2020, announced the Special economic and comprehensive package of Rs. 20 lakh crores - equivalent to 10% of India’s GDP – to fight COVID-19 pandemic in India. He gave a clarion call for Aatma Nirbhar Bharat or Self-Reliant India Movement. He also outlined five pillars of Aatma Nirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand. Following the call of the Hon'ble Prime Minister, Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman laid down the details of the Aatma Nirbhar Bharat Package in a string of press conferences from 13th May to 17th May 2020. The Ministries of Finance & Corporate Affairs have immediately started implementation of the announcements related to the Economic Pa

@IncomeTaxIndia : In view of the ongoing Covid pandemic and the ensuing lockdowns, senior citizens and people are finding it difficult to reach banks to submit the 15G / 15H forms. Request to extend date to August 31st 2020. Dayanand Nene Small Investors Forum. @nsitharaman 

*9th July - Today's Date in the history books of BSE :* On this day, in the year 1877, the Bombay Stock Exchange came into existence. 4 Gujarati and 1 Parsi entrepreneur came together and started the venture under a banyan tree in the same area where the BSE is presently located. From such humble beginning, the BSE has grown up to become the nerve center of the country's finance and trade, and also to be one of the busiest stock exchanges in the world.