{"id":8339,"date":"2020-03-27T05:06:34","date_gmt":"2020-03-27T05:06:34","guid":{"rendered":"\/blog\/?p=8339"},"modified":"2020-05-06T06:53:34","modified_gmt":"2020-05-06T06:53:34","slug":"finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown","status":"publish","type":"post","link":"https:\/\/tata-blog.osian.dev\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/","title":{"rendered":"Finance Minister&#8217;s Announcements on Relief Measures over Coronavirus lockdown"},"content":{"rendered":"\n<p>India went into a 21-day lockdown\nstarting from midnight, March 24, 2020, as an endeavor to halt the spread of\ncoronavirus. To bolster the country&#8217;s economy that is staggering under the\ndeadly outbreak, the government has decided to undertake specific relief\nmeasures. In a media briefing, Finance Minister Nirmala Sitharaman announced\nthe steps that the government has decided to take for the same. Let\u2019s have a\nlook: <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" src=\"\/wp-content\/uploads\/2020\/03\/announcements-on-relief-steps-over-coronaviru-1.jpeg\" alt=\"Coronavirus Anouncement by Finance Minister\" class=\"wp-image-8341\" srcset=\"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/03\/announcements-on-relief-steps-over-coronaviru-1.jpeg 800w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/03\/announcements-on-relief-steps-over-coronaviru-1-300x225.jpeg 300w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/03\/announcements-on-relief-steps-over-coronaviru-1-768x576.jpeg 768w, https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/03\/announcements-on-relief-steps-over-coronaviru-1-770x578.jpeg 770w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p><strong>Additional Read<\/strong>:- <a title=\"Key Takeaways from Prime Minister\u2019s Corona Virus Combat Speech\" href=\"https:\/\/tata-blog.osian.dev\/blog\/trends\/key-takeaways-from-prime-ministers-corona-virus-combat-speech\/\">Key Takeaways from Prime Minister\u2019s Corona Virus Combat Speech<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Sitharaman announced that the government has\ndeferred the last date for filing the income tax return for the previous\nfinancial year to June 30, 2020.<\/li><li>If there is any delay in payment, the interest\nlevied will be lower, 9 percent instead of 12 percent.<\/li><li>The scheme for resolving tax disputes, Vivad\nse Vishwas, has also been extended to June 30. The program offers relief on the\n10 percent interest on the principal amount till March 31, and that deadline\nhas been deferred till June 30.<\/li><li>The last date for the obligatory seeding of Aadhaar\nwith PAN has been pushed from March 31 to June 30.<\/li><li>Notices under the Income Tax Act will also be\nissued at a later date.<\/li><li>Sitharaman declared that the deadline for\nfiling GST returns for March-April-May has also been moved to June 30.<\/li><li>As a relief to companies with an annual\nturnover lower than Rs 5 crore, the late filing of GST returns would not\nattract any penalty or interest.<\/li><li>For companies having more than Rs 5 crore\nannual turnover, no late fine will be imposed if the GST filing deadline is\ncrossed by up to 15 days. After that, a diminished rate of 9 percent will be\ncharged as interest.<\/li><li>The rule about holding mandatory general board\nmeetings every two quarters has been relaxed. If a board meeting is not held\nfor 2019-20, it will not be considered an infringement.<\/li><li>Under ordinary circumstances, you need to\nmaintain a minimum bank balance in your savings account, or else you attract a\nfine. Under the altered conditions of the coronavirus catastrophe, the\ngovernment has decided to relinquish the charges for not maintaining such\nbalance.&nbsp;&nbsp;<\/li><li>Sitharaman said that for the coming three\nmonths, debit-card holders would be able to withdraw cash from all ATMs, even\nthose not belonging to their home banks, without having to pay any extra fees.<\/li><li>To prevent companies from being driven to\ninsolvency, the government increased the threshold limit for triggering\nbankruptcy under Insolvency and Bankruptcy Code from Rs 1 lakh to Rs 1\ncrore.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<p><strong>Additional Read<\/strong>:- <a title=\"List of Coronavirus Testing Centres in India\" href=\"https:\/\/tata-blog.osian.dev\/blog\/trends\/list-of-coronavirus-testing-centres-in-india\/\">List of Coronavirus Testing Centres in India <\/a><\/p>\n\n\n\n<p>Sitharaman also allayed further concerns of a fiscal slowdown by declaring that the government will soon bring an economic package to safeguard the nation against the Covid-19 pandemic. In the middle of the coronavirus scare and the people&#8217;s growing unease, these announcements brought a much-needed reprieve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India went into a 21-day lockdown starting from midnight, March 24, 2020, as an endeavor to halt the spread of coronavirus.  <\/p>\n<p><a href=\"https:\/\/tata-blog.osian.dev\/blog\/trends\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":8340,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[48,38],"tags":[],"class_list":["post-8339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government-updates","category-whats-trending"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Announcements by Finance Minister over Coronavirus Outbreak - Tata Capital Blog<\/title>\n<meta name=\"description\" content=\"To bolster the country&#039;s economy due to Coronavirus Outbreak, Finance Minister announced some relief measures. Check out the steps taken by the Government and know more about it now.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Announcements by Finance Minister over Coronavirus Outbreak - Tata Capital Blog\" \/>\n<meta property=\"og:description\" content=\"To bolster the country&#039;s economy due to Coronavirus Outbreak, Finance Minister announced some relief measures. Check out the steps taken by the Government and know more about it now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/\" \/>\n<meta property=\"og:site_name\" content=\"TATA Capital Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-27T05:06:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-06T06:53:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/03\/announcements-on-relief-steps-over-coronaviru-2.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tata Capital\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tata Capital\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/\",\"name\":\"Announcements by Finance Minister over Coronavirus Outbreak - Tata Capital Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\"},\"datePublished\":\"2020-03-27T05:06:34+00:00\",\"dateModified\":\"2020-05-06T06:53:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\"},\"description\":\"To bolster the country's economy due to Coronavirus Outbreak, Finance Minister announced some relief measures. Check out the steps taken by the Government and know more about it now.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tatacapital.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Finance Minister&#8217;s Announcements on Relief Measures over Coronavirus lockdown\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#website\",\"url\":\"https:\/\/www.tatacapital.com\/blog\/\",\"name\":\"TATA Capital Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a\",\"name\":\"Tata Capital\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g\",\"caption\":\"Tata Capital\"},\"sameAs\":[\"https:\/\/tata-blog.osian.dev\/blog\"],\"url\":\"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Announcements by Finance Minister over Coronavirus Outbreak - Tata Capital Blog","description":"To bolster the country's economy due to Coronavirus Outbreak, Finance Minister announced some relief measures. Check out the steps taken by the Government and know more about it now.","robots":{"index":"noindex","follow":"nofollow"},"og_locale":"en_US","og_type":"article","og_title":"Announcements by Finance Minister over Coronavirus Outbreak - Tata Capital Blog","og_description":"To bolster the country's economy due to Coronavirus Outbreak, Finance Minister announced some relief measures. Check out the steps taken by the Government and know more about it now.","og_url":"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/","og_site_name":"TATA Capital Blog","article_published_time":"2020-03-27T05:06:34+00:00","article_modified_time":"2020-05-06T06:53:34+00:00","og_image":[{"width":770,"height":400,"url":"https:\/\/www.tatacapital.com\/blog\/wp-content\/uploads\/2020\/03\/announcements-on-relief-steps-over-coronaviru-2.jpeg","type":"image\/jpeg"}],"author":"Tata Capital","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tata Capital","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/","url":"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/","name":"Announcements by Finance Minister over Coronavirus Outbreak - Tata Capital Blog","isPartOf":{"@id":"https:\/\/www.tatacapital.com\/blog\/#website"},"datePublished":"2020-03-27T05:06:34+00:00","dateModified":"2020-05-06T06:53:34+00:00","author":{"@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a"},"description":"To bolster the country's economy due to Coronavirus Outbreak, Finance Minister announced some relief measures. Check out the steps taken by the Government and know more about it now.","breadcrumb":{"@id":"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.tatacapital.com\/blog\/whats-trending\/finance-ministers-announcements-on-relief-measures-over-coronavirus-lockdown\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tatacapital.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Finance Minister&#8217;s Announcements on Relief Measures over Coronavirus lockdown"}]},{"@type":"WebSite","@id":"https:\/\/www.tatacapital.com\/blog\/#website","url":"https:\/\/www.tatacapital.com\/blog\/","name":"TATA Capital Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tatacapital.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/5ccf99347b9365e2fa68bd32006d0b4a","name":"Tata Capital","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tatacapital.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a6a38ea7397ec3ff4a8dc9b854558dbfc2d1c417498effd79c6186d3edf6ae28?s=96&d=mm&r=g","caption":"Tata Capital"},"sameAs":["https:\/\/tata-blog.osian.dev\/blog"],"url":"https:\/\/tata-blog.osian.dev\/blog\/author\/admin\/"}]}},"featured_image_url":"https:\/\/tata-blog.osian.dev\/blog\/wp-content\/uploads\/2020\/03\/announcements-on-relief-steps-over-coronaviru-2.jpeg","_links":{"self":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/8339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/comments?post=8339"}],"version-history":[{"count":2,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/8339\/revisions"}],"predecessor-version":[{"id":8343,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/posts\/8339\/revisions\/8343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media\/8340"}],"wp:attachment":[{"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/media?parent=8339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/categories?post=8339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tata-blog.osian.dev\/blog\/wp-json\/wp\/v2\/tags?post=8339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}