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* 67'* &!+1!-/ (-1!-// VRGR $"#(!#1')VCEBRS WWT!Pa!RT%&!$"#1$# ! ( & (&+ (&$,- ('.-/ *')- 4) ;7 .;74 ;4*** .; .;4 4* 4 <47 )7 4=4 4 . * . < = > < . 8"9 8, : !'(& ! " #$%& '((!&)*)*+ !, cent of basic salary as employ- be guaranteed by the && '( er’s share to employee provi- Government. Also, 20,000 dent fund (EPF) contribution crore subordinate debts will be !" has been reduced to 10 per cent provided for stressed or loan ! to boost their liquidity. defaulting MSMEs, she said, " # !$& To boost construction, all adding this would benefit 2 #$ %& '(' )&) Government agencies will give lakh such businesses. && up to 6 months extension to all A fund of funds for MSME contractors to complete con- is also being created, which will #" !*)& struction, and goods and ser- infuse 50,000 crore equity in +&, vice contracts. MSMEs with growth potential. n a relief to taxpayers, the --' “Essentially this is to spur The Government also IGovernment on Wednesday , # !$&!& growth and to build a very self- changed the definition of extended the deadline for fil- )././ ) reliant India. It addresses ease MSMEs to allow units with ing of all Income Tax returns 0"# !! of doing business, compliance, higher investment as well as for 2019-20 fiscal till (!'-1 & ). and due diligence and the introduced turnover criteria November 30, 2020 and also intention is also to build local to allow more companies to slashed TDS (tax deducted at 2 # !$3! brands,” she said. remain small businesses to get source)/TCS (Tax collected at & .4 Sitharaman said collateral- fiscal and other benefits. source) rates for non-salary &!! free loans will benefit 45 lakh Also, to help them get payments to residents by 25 &( small businesses. The loan will more business, global tenders per cent. !-& have 4-year tenure and will for Government procurement “From tomorrow till " #" $ P 3! have a 12-month moratorium, up to 200 crore will be barred. March 31, 2021, the TDS/TCS #" " " & ' () she said, adding the loans will Continued on Page 6 rates have been reduced by 25 fast track processing of pend- per cent of the existing rate... ing refunds to charitable trusts, non-banking companies to This shall also apply to all pay- LLPs, non-corporate busi- help them tide over the dis- ments for contracts, interest, nesses and proprietorship day after Prime Minister ruptions caused by the lock- '()$#*+(( rent, dividend, commission firms, among others. ANarendra Modi down. or brokerage… all of these will Also, assessments getting announced a special econom- Announcing the first set of be eligible for 25 per cent rate time-barred on September 30 ic and comprehensive package components stimulus package toil everyday, tion road plan for laborers “The Government must reduction. have been extended till of 20 lakh crore — equivalent announced by the Prime Trinamool Congress chief whose lives have been upend- spend more, borrow more, and “This reduction would December 31, 2020 and those to 10 per cent of India’s GDP — Minister, she said 90,000 crore he Opposition leaders on and West Bengal Chief ed by the lockdown. allow states to borrow more but release nearly 50,000 crore in getting time-barred on March for the revival of the coron- liquidity infusion will be made TWednesday gave a thumb Minister Mamata Banerjee The former Finance it is not willing to do so,” he the hands of the people who 31, 2021 have been extended avirus-hit economy, Finance in electricity distribution com- down to the Prime Minister’s echoed her views and said Minister said, “Except for mod- said. “Wrong time to bring would have otherwise paid it till September 30, 2021. Minister Nirmala Sitharaman panies to help them fight the stimulus package of 20 lakh while people expected to get est MSME package, we are labour law changes by BJP- as TDS,” Finance Minister She also said the income on Wednesday came out with current financial stress. crore terming it hollow relief, but the announcements disappointed with announce- ruled States. Wrong precedent Nirmala Sitharaman. tax department has already a slew of measures for relief and The Minister also extend- announcement. by the FM is a big zero. “There ments made by FM.” set by them,” the Congress The Government has also cleared 18,000 crore worth of credit support to businesses, ed by three months the Senior Congress leader is nothing for the States,” “Centre has announced leader further opined at AICC extended, the Vivad Se refunds where the quantum especially MSMEs. Government support to com- and former finance minister P Mamata said. 3.6 lakh crore in the 20-lakh video Press conference soon Vishwas scheme for direct tax due was up to 5 lakh. The FM announced 3 panies with less than 100 Chidambaram stated there is Referring to the economic crore package; where is the rest after Sitharaman Press confer- dispute resolution has been “This coupled with release lakh crore of collateral-free employees to meet retirement nothing in what Finance stimulus package, other leaders, of 16.4 lakh crore,” ence. He said in case of the extended by six months till of pending refunds to all non- loans for small businesses, cut fund obligations. Minister Nirmala Sitharaman including from Left parties, Chidambaram asked. He said credit guarantee fund, not the December 31, 2020. corporate tax payers would fast the tax rate for non-salary pay- For companies, the statu- said for the lakhs of poor and said neither the PM nor the FM the Government is a prisoner entire fund would be spent. Sitharaman said the track the revival of business ments and provided liquidity to tory obligation to pay 12 per it’s a cruel blow to those who mention about the rehabilita- of its own ignorance and fears. Continued on Page 6 income tax department will and enterprises,” he added. ) *+ , ) 11- 230 #$ #' #$' .;4 turned out to be coronavirus 11$ -0 positive. As this man’s autopsy ith Maharashtra record- '' "#2 2?""#"0? ourteen more persons — was conducted at King George’s ith 20 deaths which took Wing nearly 1,500 new 3 2#9@ "99,#"9 n an effort to give some rest Fseven men and seven Medical University, the post- Wplace in April and May in cases and 54 deaths, at least 123 7- 2#? 90#8?9 Ito “overburdened” State women — tested positive for mortem house would remain the national Capital as report- fresh Covid-linked deaths and police personnel who have coronavirus infection in closed on May 14 for sanitisa- ed on Wednesday by the 3,712 positive cases were #- .&*// ' ?#22@ * #@"@ been “working day and night in Lucknow even as 112 new tion. authorities, the death toll due reported from across the coun- 3' 0#,@ 88#"?, these challenging times of cases were found across the KGMU spokesman Dr to Covid-19 in Delhi has gone try on Wednesday taking the ' - )&// '*' 0#8?, "8#@9 coronavirus”, the Maharashtra state on Wednesday. Sudhir Singh said that the doc- up to 106. toll to 2,551 and total number *' ,#?"@ @98#29" Government has requested the While 13 of the new cases tors and the staff of the post- The total number of coro- of infections to 78,055. Centre to make available 20 were reported from Kaiserbagh mortem house had been put in navirus cases in Delhi climbed Of the total number of #$'- ( #2 ?? companies of the Central vegetable market, a migrant quarantine and would be test- to 7,998 after 359 fresh cases cases 26,392 people have recov- '*' #8,? 0?8#80 Armed Police Forces (CAPF) labourer detected with ed for coronavirus infection. were reported. ered or have been discharged. *3 8#20 , ahead of the Eid. COVID-19 symptoms during The CMO’s teams collect- In the first week of May, the Of the total deaths in ) &,0) State Home Minister Anil screening at the Alambagh bus ed 272 samples under contact city also recorded its largest Maharashtra, 40 were record- Deshmukh on Wednesday said, station also tested positive for surveillance in the city on single-day spike of 448 new ed in Mumbai alone taking the ber of infected cases rose to a recorded in Geetanjali Nagar, Covid cases in Madhya “Owing to the outbreak of coronavirus infection. He was Wednesday while the KGMU Covid-19 cases. overall case count to 25,922 and staggering 1,028. Azad Nagar and 90 feet Road Pradesh touched 4,173 with coronavirus in the State, our in quarantine. microbiology department test- On Tuesday, the total the number of fatalities to 975. Attributing the increase in area, while the areas like 187 new infections while in police personnel have been Chief Medical Officer Dr ed 1,524 samples in 24 hours, number of cases stood at The total number of Covid-19 the number of deaths to the Kerusheth Chawl, Vijaynagar Uttar Pradesh, the cases surged working day and night. Narendra Agarwal said that the setting a record of sorts. 7,639 with 86 deaths. With 20 infected cases crossed the 1,000 new information received from and Rajiv Gandhi Nagar regis- to 3,758. Considering that Eid is round elderly people who tested pos- State Surveillance Officer more fatalities, the death toll mark in Mumbai’s worst pan- the BMC’s Epidemic Cell, the tered two positive cases. Bihar reported 932 cases. the corner and we have to itive at the Kaiserbagh veg- Dr Vikasendu Agarwal said from Covid-19 in Delhi has demic-hit Dharavi on BMC said, “New nine deaths There is a race between In Uttarakhand, the total num- maintain law and order situa- etable market were sent to 112 new coronavirus positive risen to 106. Wednesday, as 66 more persons have been reported by epi- Tamil Nadu and Gujarat for the ber of cases touched 71.

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