Here are the reactions of some of the Tech MSME’s on the Finance MinisterNirmala Sitharaman’s announcement she made on Wednesday.

Union Finance Minister Nirmala Sitharaman on Wednesday announced a series of relief measures spanning across the micro small and medium enterprise (MSME), power, real estate sectors, besides providing a slew of temporary changes to the direct tax collection rules.

​Former finance minister and Congress leader P Chidambaram on Wednesday expressed disappointment over the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi and elaborated by Union Finance Minister Nirmala Sitharaman.   

​In a major relief to contractors, Union Finance Minister Nirmala Sitharaman on Wednesday said all central agencies will provide an extension of up to six months, without costs to the contractor. These central agencies include Railways, Ministry of Road Transport and Highways, Central Public Works Department, etc.

As per the announcement made by Finance Minister Nirmala Sitharaman, to provide more funds to taxpayers, TDS for non-salaried specified payments made to residents and rates of TCS for specified receipts shall be reduced by 25%. The reduction will remain valid till March 31, 2021.

Finance Minister Nirmala Sitharaman on Wednesday announced an economic relief package amid nationwide coronavirus lockdown in which her prime focus was on to save jobs in the MSME sector and help it to get back on track.

Finance Minister Nirmala Sitharaman came to the aid of Non-Banking Financial Companies (NBFC) as she declared liquidity infusion of Rs 45 thousand crore for them.

​In order to provide more take-home salary for employees, the Employees' Provident Fund (EPF) contribution has been reduced for businesses and workers for three months, amounting to liquidity support of Rs 6750 crores, Union Finance Nirmala Sitharaman announced today.

​Union Finance Minister Nirmala Sitharaman today announced that global tenders will be disallowed in government procurement up to Rs 200 crores. Sitharaman said Indian MSMEs and other companies have often faced unfair competition from foreign companies.

Nirmala Sitharaman's press conference comes a day after Prime Minister Narendra Modi announced USD 265 billion fiscal stimulus to deal with COVID-19 situation in the country. The package is the second largest in Asia after Japan.

The Rs 20 lakh crore package announced by Prime Minister Narendra Modi may have something for the tax-paying middle class as well, Finance Minister Nirmala Sitharaman indicated in her tweet.

Finance Minister Nirmala Sitharaman will address a press conference at 4 PM today. Sitharaman is likely to provide the breakup of Rs 20 lakh crore economic package which was announced by Prime Minister Narendra Modi on Tuesday.

Finance Minister Nirmala Sitharaman on Tuesday said the public sector banks (PSB) sanctioned Rs 5.95 lakh crore in just over two months, between March 1 and May 8, to over 46.74 lakh accounts. The borrowers for the sanctioned loans include MSMEs, retailers, farmers and corporate sectors.

The Finance Ministry on Monday released Rs 6,195 crore revenue deficit grant to 14 states to enhance their resources during COVID-19 crisis.

Seeking immediate support for the Indian economy hit by COVID-19, industry body Ficci said an additional fiscal support of Rs 4.5 lakh crore is required at the current juncture besides a quick release of Rs 2.5 lakh crore stuck in refunds and other government payments.

The review meeting of Finance Minister Nirmala Sitharaman with CEOs of public sector banks (PSBs) scheduled for Monday has been postponed.

Hitting out at the Congress party, Finance Minister Nirmala Sitharaman has said that wilful defaulters were beneficiaries of 'phone banking' under the UPA regime and the Modi government is chasing them to recover the dues.

Amid the nationwide lockdown due to coronavirus pandemic, several rumours regarding pension cut have created panic among pensioners. Reports claimed that the central government has cut pensions by 20% in an effort to conserve cash during the lockdown surfaced on several social media platform.

Goods and Services Tax (GST) revenue in March stood at Rs 97,597 crore, lower than over Rs 1.05 lakh crore collected in February. Of the total Rs 97,597 crore revenue, the central GST stood at Rs 19,183 crore, state GST at Rs 25,601 crore and integrated GST at Rs 44,508 crore.

As novel coronavirus pandemic that has impacted our economy, there was a dilemma if the merger would be postponed for some time or not , the Reserve Bank of India cleared the air that the merger of 10 PSUs will still take place on the set date i.e. April 1, 2020.