Union finance minister Nirmala Sitharaman said on Tuesday the deadline for linking Aadhaar with PAN card has been extended to June 30 from March 31 as the country is under lockdown to stop the spread of the Covid-19 disease, which has infected nearly 500 people and killed nine.
The Covid-19 death toll in India currently stands at 10 with nearly 500 confirmed cases of the infection. According to the data updated Tuesday morning, the total number of COVID-19 cases rose to 492, including 446 active cases. The figure includes 41 foreign nationals and the nine deaths reported so far.
Here are the updates from Finance Minsiter Sitharaman's presser
Russian Embassy has successfully facilitated transportation by special Aeroflot flight of about 388 Russian citizens who were stranded in India due to the lock down: Evgeny Bereka, Press attaché, Russian Embassy. (Earlier visuals of departure of the Russian citizens) pic.twitter.com/pXopvDt9yP
— ANI (@ANI) March 25, 2020
A coronavirus patient has died in Tamil Nadu. This is the first death in the southern state due to the global pandemic.TN Health Minister Dr C Vijayabaskar tweeted the unfortunate news in the wee hours of Wednesday.
#update: Despite our best efforts, the #COVID19 +ve Pt at MDU, #RajajiHospital, passed away few minutes back.He had medical history of prolonged illness with steroid dependent COPD, uncontrolled Diabetes with Hypertension.@MoHFW_INDIA @CMOTamilNadu #Vijayabaskar
— Dr C Vijayabaskar (@Vijayabaskarofl) March 24, 2020
The government said that bank charges are reduced for digital trade and transactions.
We may consider suspending Section 7, 9 and 10 of the Insolvency and Bankruptcy Code, if the present circumstances prevail beyond six months, says the FM.
Sensex up by 1183.74 points at 27,164.98; Nifty climbs 314.55 at 7,924.80. https://t.co/Ka2TxeasKQ
— ANI (@ANI) March 24, 2020
Debit card withdrawals from ATMs won't be charged for the next three months. These withdrawals can be made from any ATMs, says Finance Minister.
In a relief to small businesses, insolvency proceedings threshold limit extended to Rs 1 crore from existing Rs 1 lakh: FM
"For newly incorporated companies, there is a requirement to file declaration of commencement of business in 6 months, we now give additional 6 months’ time," says Sitharaman.
In the event of a company director not complying with the minimum residency (staying in the country for 182 days or more), it won't be treated as a violation: FM
For newly incorporated companies there is a requirement to file declaration for the commencement of business within 6 months of incorporation. Now we are giving them an additional time of 6 more months: Union Finance Minister Nirmala Sitharaman pic.twitter.com/dTH47GqaDf
— ANI (@ANI) March 24, 2020
All compliances under Wealth Tax Act, Income Tax Act, Benami Transaction Act, Black Money Act, have been extended to June 30, 2020.
Mandatory requirement of holding board meetings is being relaxed by a period of 60 days, this relaxation is for the next two quarters.
— ANI (@ANI) March 24, 2020
Customs will be doing its duty 24x7 as an essential service till June 30, 2020, says Sitharaman.
Companies with less than Rs 5 crore turnover, no penalty or interest or late fee will be charged. For bigger companies, which have over Rs 5 crore turnover, interest at a reduced rate of 9 per cent will be charged.
The last date for filing March, April and May 2020 GST returns and also compensation returns all are being extended to 30 June 2020: FM
"Vivaad se Vishwas scheme has also been extended to June 30. From now till 30 June, there is no additional charge of 10 per cent," says Finance Minister
Aadhaar pan linking date has been extended from 31st march to 30 june 2020: FM
A 95-year-old woman has became the oldest in Italy to recover from COVID-19, according to a report. Alma Clara Corsini of Modena province was diagnosed with the virus and admitted to the hospital in Pavullo on March 5. Doctors treated her at the facility until she recovered last week without “antiviral therapy,” the report added.
With the coronavirus pandemic threatening a sharp economic slowdown, experts are suggesting companies to adopt a humane approach in rationalising their expenses without going for across-the-board pay cuts or freezing of hikes to ensure a faster recovery from the slump. (READ MORE)
Finance Minister likely to announce the extension of deadline filing of annual returns of companies to April 30.
COVID-19 has created a worldwide economic tsunami and the global economy is engulfed in a serious downturn, according to Moody's Analytics."More financial pain is quickly coming as layoffs mount, businesses curtail investment and retirement nest eggs evaporate," said Mark Zandi, Chief Economist at Moody's. (READ MORE)
Prime Minister Narendra Modi will address the nation at 8 pm tonight on issues relating to the COVID-19 pandemic. This will be Modi's second address to countrymen in less than a week as India is ramping up efforts to curtail the spread of the highly contagious virus. (READ MORE)
Even as we are readying an economic package to help us through the Corona lockdown (on priority, to be announced soon) I will address the media at 2pm today, specifically on statutory and regulatory compliance matters. Via video conference. @FinMinIndia @PIB_India @ANI @PTI_News
— Nirmala Sitharaman (@nsitharaman) March 24, 2020
Even as we are readying an economic package to help us through the Corona lockdown (on priority, to be announced soon) I will address the media at 2pm today, specifically on statutory and regulatory compliance matters. Via video conference. @FinMinIndia @PIB_India @ANI @PTI_News
— Nirmala Sitharaman (@nsitharaman) March 24, 2020
