Highlights of press conference of FM Nirmala Sitharaman :
1. Government to infuse Rs.70,000 crore in PSU Banks immediately.
2. Surcharge on FPIs removed.
3. Angel Tax on Start ups removed
4. Home and vehicle loan interest rates to be reduced .
5. Surcharge on LTCG and STCG also removed.
6. Pending GST refunds to MSMEs to be paid within 30 days and from now on GST refund matters will be solved within 60 days .
7. Housing Finance Companies(HFCs) to receive Rs.20,000 Crores
8. Steps to improve Indian bond market to be implemented soon.
9. RBI and government jointly working to set up a market for credit default swaps(CDS)
10. BS IV vehicles purchased till March 2020 will remain operational till their registration is valid.
11. No increase in vehicle registration charges till June 2020.
12. KYC norms for FPIs to be simpler.