Global Trade Alert
Global Trade Alert

India: Package announced to support the economy in response to the COVID-19 pandemic (November 2020)

Announcement

11 Nov 2020

India has announced an additional stimulus package to support the economy affected by the COVID-19 pandemic.

Source

Sign in to access

Number of interventions

4

4 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

12 Nov 2020

Revocation date:

No revocation date

Updated: 11 Nov 2020
State aid, unspecified In force
<p>On 12 November 2020, the Indian Finance Minister, as part of a stimulus package to support the economy affected by the COVID-19 pandemic, announced a INR 10,200 crore (~ USD 1.36 billion) bud...
Sign in to see more
Updated: 11 Nov 2020
Trade finance In force

On 12 November 2020, the Indian Finance Minister as part of a stimulus package to support the economy affected by the COVID-19 pandemic, announced that INR 3000 crore (~USD 402.74 million) will be ...

Sign in to see more

Implementation date

12 Nov 2020

Revocation date:

29 Sep 2021

Updated: 11 Nov 2020
Loan guarantee

On 12 November 2020, the Indian Finance Minister extended coverage under the Emergency Line Credit Guarantee Scheme (ECLGS) to additional 26 stressed sectors and the health sector, without any...

Sign in to see more

Implementation date

01 Oct 2020

Revocation date:

31 Mar 2021

Updated: 11 Nov 2020
Tax or social insurance relief

On 12 November 2020, the Indian Minister of Finance announced a scheme to temporarily subsidize the contributions to the Employee Provident Fund Organization (EPFO) by the employer and the emp...

Sign in to see more

Threads

See all

This state act is not part of any Thread yet.