https://www.taxtmi.com/article/detailed?id=9346 The package protects local MSMEs by restricting global tenders below a specified threshold and grants up to six months' contractual extensions; increases state borrowing headroom for the fiscal year subject to state reforms; provides collateral-free automatic loans and an Emergency Credit Line Guarantee Scheme for eligible businesses; revamps a Partial Credit Guarantee to cover lower-rated NBFCs, HFCs and MFIs with sovereign first-loss support; sanctions special refinance and working-capital facilities for rural banks; deploys special liquidity windows for non-bank lenders; reduces specified TDS/TCS rates temporarily; expedites tax refunds and extends filing and assessment limitation deadlines; and raises the insolvency default threshold while creating a special resolution route for MSMEs. en-us Tue, 14 Jul 2020 09:35:22 +0530 Tue, 14 Jul 2020 09:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9346 The package protects local MSMEs by restricting global tenders below a specified threshold and grants up to six months' contractual extensions; increases state borrowing headroom for the fiscal year subject to state reforms; provides collateral-free automatic loans and an Emergency Credit Line Guarantee Scheme for eligible businesses; revamps a Partial Credit Guarantee to cover lower-rated NBFCs, HFCs and MFIs with sovereign first-loss support; sanctions special refinance and working-capital facilities for rural banks; deploys special liquidity windows for non-bank lenders; reduces specified TDS/TCS rates temporarily; expedites tax refunds and extends filing and assessment limitation deadlines; and raises the insolvency default threshold while creating a special resolution route for MSMEs. Articles Other Topics Tue, 14 Jul 2020 09:35:22 +0530 https://www.taxtmi.com/article/detailed?id=9346