Discover and read the best of Twitter Threads about #epf

Most recents (3)

The Economic package for Self-Reliance (#atmanirbharbharat) amid covid:-

Announced package - ₹20lakh cr
Already announced PMKGY - ₹1.7lakh cr
RBI liquidity announced - ₹6.5lakh cr

11.5 lakh cr NEW packages to be announced by #NirmalaSitharaman

(THREAD)
₹3 lakh cr loan package, ₹50k cr equity infusion and ₹20k subordinate debt(NPA) relief for #MSMEs are great announcements.

But only 33% MSMEs take credit from formal sector(Banks&NBFCs), 66% take it from informal sectors.

Will this reduce NPA in formal sector by MSMEs??
The definition change for #MSMEs was a needed measure but it's not something newly proposed.
It was proposed in 2018 by cabinet but came into consideration amid this Covid adversity.

Hope this changes the drastic figures as current avg employment generated by MSME is of 2.
Read 8 tweets
#AatmaNirbharBharatAbhiyan
Based on 👇

Land,Labour,Liquidity&Laws that are not isolationist but inclusive

Ease of Doing Business

DBT,JanDhan,Aadhar, Micro Insurance,Ujjwala Yojana, Ayushman Bharat, PM Awaas Yojana,PM FasalBima Yojana,Krishi Sinchai,Swachh Bharat--Key Landmarks
GST,IBC&PSU Bank Recapitalisation in last 6 yrs,have been big reforms

52606Cr given via #DBT to 41Cr #JanDhan holders

Free wheat&rice to 69Cr ration card holders

18000Cr tax refunds given

Free cylinders to 8Cr #Ujjwala holders

#20lakhcrores #COVIDー19
#atmanirbharbharat
Project DevelopmentCells,working for Promotion of Champion Sectors,in States

#MakeInIndia&Upgradation of Industrial Infra,a success&more will be done to #Decongest economy

3376 SEZs&IndustrialParks with 5 lakhhectares,to be ranked& mapped,in terms of readiness for competition
Read 20 tweets
#MythBuster - A thread - Yesterday, when markets were up and are up today, have seen numerous messages as to how #LIC has been put to work to prop up the markets and also how #LIC Ipo is a risk as their investments need to be sold or they will have to be independent ...
Lets take it through the numbers as to how relevance of #LIC in the #Equity Markets has detoriated. 1) #LIC puts in a net of 50-60k crores a year on an average. #MutualFunds in last few months hold 25-40k crores of cash and 8000 crores of monthly inflow through #SIP.
2) Total Value of #MutualFunds in #Equity has surpassed #LIC value quite some time back. 3) #SIP at almost 90-100k crore is double the money #LIC can deploy. 4) #EPFO averages 25000-30000 cr will soon cross #LIC. Thanks to it #SBI Nifty 50 ETF is now 66000 cr and largest #MF sch
Read 6 tweets

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