https://www.taxtmi.com/news?id=22953 The package implements procurement limits on global tenders to favour domestic suppliers, grants contractual relief through force majeure extensions and proportional return of performance security, and delivers targeted liquidity via a government guaranteed Emergency Credit Line Guarantee Scheme for eligible MSMEs alongside partial credit guarantees, NABARD refinance, and special liquidity for NBFCs/HFCs/MFIs; tax measures reduce withholding/collection rates and extend compliance deadlines, while insolvency rules are relaxed by raising the corporate default threshold and temporarily suspending initiation of corporate insolvency resolution processes. en-us Mon, 13 Jul 2020 09:48:06 +0530 Mon, 13 Jul 2020 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22953 The package implements procurement limits on global tenders to favour domestic suppliers, grants contractual relief through force majeure extensions and proportional return of performance security, and delivers targeted liquidity via a government guaranteed Emergency Credit Line Guarantee Scheme for eligible MSMEs alongside partial credit guarantees, NABARD refinance, and special liquidity for NBFCs/HFCs/MFIs; tax measures reduce withholding/collection rates and extend compliance deadlines, while insolvency rules are relaxed by raising the corporate default threshold and temporarily suspending initiation of corporate insolvency resolution processes. News - Mon, 13 Jul 2020 09:48:06 +0530 https://www.taxtmi.com/news?id=22953