ONE MONTH, FIVE SETS OF MEASURES

With Friday’s announcement, the finance minister has unveiled five sets of measures in the past 30 days to revive the economy. There could be more

September 19: Credit disbursal

■ Banks and NBFCs to hold ‘loan melas’ in 400 districts during the current festive season to boost consumption and accelerate economic growth ■ Banks not to declare stressed MSMEs non-performing assets (NPAs) even after 90 days of defaults, till March 31, 2020 and try to restructure the loan

September 14: Housing sector and exports

An over ₹50,000cr WTO-compliant package for exports Creation of a ₹20,000cr fund for unfinished real estate projects to

help completion of about 3.5 lakh dwelling units in affordable and middle income segments

August 30: PSBs merger

Mega mergers of 10 state-run banks into four strong lenders for efficient and robust credit flow in the economy with an aim to realise govt’s $5 trillion economy dream by 2024-25

August 23: FPI sentiment, ease of doing business

Removal of surcharge on capital gains of foreign portfolio investors; instructions to banks to launch repo rate-linked loan products to pass benefit of policy rates cuts to borrowers; online tracking of loan applications; transparent one-time settlement (OTS) policy to benefit MSMEs; and time-bound return of loan

documents within 15 days of loan closure

BS-IV vehicles to remain operational for entire period of registration if purchased on or before March 31, 2020

GST authority directed to resolve liquidity problems of MSMEs to clear all refunds within 30 days