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Office of @ianuragthakur | Union Minister I&B and Youth Affairs & Sports, GOI 🇮🇳 | 4th term Member of Parliament | Tweets by Team AT 😎|
Nov 12, 2020 16 tweets 7 min read
#AatmaNirbharBharat 3.0

#AatmaNirbharBharatRozgarYojana launched to incentivize job creation during #COVID19 recovery

EPFO registered establishments -if they take in new employees or those who lost jobs earlier - these employees will get some benefits

Effective Oct 1, 2020 Criteria for EPFO registered establishments to be eligible for benefits under #AatmaNirbharBharatRozgarYojana

If new employees of requisite number are recruited from Oct 1, 2020 to June 30, 2021, the establishments will be covered for next two years.
Nov 12, 2020 6 tweets 4 min read
Various economic indicators which show the presence of a strong pitch for recovery in the economy.

Announcements by @FinMinIndia underway.

| @nsitharaman @ianuragthakur | . @MoodysInvSvc has reassessed India's 2020 GDP growth at -8.9% (as against -9.6% earlier)

For 2021, they have revised estimate to 8.6% (from 8.1% earlier)

This shows that a positive correction is happening as regards our economic prospects.
Apr 17, 2020 14 tweets 6 min read
“Amount equivalent to 3.2% of GDP was injected into the system by @RBI, during Feb 6 - Mar 27; since then surplus liquidity in banking system has considerably increased due to sustained government spending” @RBI

1/n
“The foreign exchange reserve level continues to be robust, amounting to $ 476.5 billion, equivalent to 11.8 months of imports” @RBI
Mar 24, 2020 8 tweets 1 min read
Major Announcements by Finance Minister

For FY 2018-19, last date for IT return extended till June 30

Sabka Vishwas scheme for indirect tax extended till June 30

No interest would be levied till then - GST: Last date for filing March, April, May 2020 returns and composition returns extended till June 30

- For companies with less than Rs. 5 crore turnover, no interest, late fee or penalty will be charged

- For the bigger companies, interest would be 9%
Sep 20, 2019 7 tweets 1 min read
IMPORTANT ANNOUNCEMENTS by FM

A domestic company can pay income tax at 22% if they dont seek any exemption or incentives.

Effective Tax Rate 25.17% inclusive of all surcharges and cess for such domestic companies

Such companies also not required to pay Minimum Alternative Tax. To provide relief to companies which continue to avail exemptions and incentives, rate of Minimum Alternate Tax has been reduced from existing 18.5% to 15%.