29 September, 2020

Sops From Singh

" My aim is to put more money in the housewife's purse, and more food in the poor man's mouth"

Sops From Singh
  • Rs 1,000 crore tax sops

  • Life insurance exempted from service tax

  • Exemption on dividend income raised to Rs 2,500 p.a.

  • 7% taxfree 6-year relief bonds announced

  • Strengthened DCA’s regulatory role (to watch companies which mislead/defraud the public, delist from SEs)

  • Repayment of farm loans up to Rs 50,000 deferred because of the drought

  • Rs 1,500-crore UTI bailout, restructuring; government to take care of assured return schemes forever


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