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Union Budget 2021: Centre is facilitator, private sector driver of growth, says FM Sitharaman

Finance Minister Nirmala Sitharaman underlined that the nation s growing and aspiring needs and demands across the various sectors cannot be served just by the state government and central governments put together ....

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Govt plans to extend suspension of fresh insolvency proceedings till March

Govt plans to extend suspension of fresh insolvency proceedings till March
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Govt Plans to Extend Suspension of Fresh Insolvency Proceedings Till March: Nirmala Sitharaman

Govt Plans to Extend Suspension of Fresh Insolvency Proceedings Till March: Nirmala Sitharaman
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Finance Minister Nirmala Sitharaman on Monday said the government is planning to extend the suspension of fresh insolvency proceedings for another three months, a move which will provide major relief to corporate borrowers hit by the coronavirus pandemic. Addressing the Bangalore Chamber Of Industry And Commerce (BCIC), she said the government has taken several measures, including deferment of tax payment date, to help businesses and people.
Not only the compliance but even the payments for the taxation related payment which companies have to do were all postponed so that nobody is put to difficulty, Sitharaman, who also holds the corporate affairs portfolio, said. As part of the Aatmanirbhar Bharat package, the government raised the minimum threshold to initiate insolvency proceedings to Rs 1 crore from Rs 1 lakh, which largely insulated micro, small and ....

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