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Today, FM Nirmala Sitharaman addressed the media in a press conference and announced some economic relief measures for all the sectors which were devastated by the second wave of Covid-19.

Centre to spent Rs 23,220 crore on public health with focus on children: Sitharaman

With Punjab now joining the Centre's proposed formula, the number of states who have chosen this option has gone up to 26.

Covid-19 effect: Punjab chooses Option-1 to meet GST implementation shortfall

Accordingly, the scheme is expected to attract foreign players

Incentives worth Rs 2 trillion to boost manufacturing sector approved by Centre

The entire compensation calculation of the states will be paid

GST council meeting couldn't reach a consensus, willing states can approach the Centre for borrowing

FM Sitharaman said two options of compensating states were discussed

GST shortfall for FY21 stands at Rs 2.35 lakh crore says FM Sitharaman

The situation on GST revenue has worsened in the month of April, with several states indicating a shortfall in collections to the tune of 80-90 per cent of average monthly collections during this time of the year.

GST Council to meet again in July on compensation to states: FM Sitharaman

Also, the turnover criteria for MSME will not include revenue from exports further providing flexibility to the sector to expand their operations and push overseas sales,

Entities with up to Rs 250 crore turnover, excluding exports, to be medium enterprises

The delegation spoke about the core issues impacting the sector due to COVID-induced lockdown and sought policy and liquidity support,

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