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Nirmala Sitharaman Announced The First Part Of The Economic Stimulus Of Rs 20 Lakh Crore

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Nirmala Sitharaman Announced The First Part Of The Economic Stimulus Of Rs 20 Lakh Crore

FM Nirmala Sitharaman today shared the first installment of the mega 20 lakh crore package with a focus on giving relief to the MSME sector.

The Prime Minister, during his national address on Tuesday, announced the Atmanirbhar India package focusing on making India self-reliant.

The finance minister, who was flanked by MOS Anurag Thakur and finance ministry officials, said that self-sufficient India rests on five pillars: economy, infrastructure, technology-driven systems, demographics and demand. Factors of production will focus on: land, labor, liquidity and law. It aims to make local brands global.

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key takeaways:

Six major steps for revival of MSME sector

  1. Collateral free loan of Rs 3 lakh crore for MSMEs. This will benefit 45 lakh units so that they can resume work and save jobs.
  2. For stressed MSMEs, a subordinate loan provision of Rs 20,000 crore has been announced for 2 lakh MSMEs. This will benefit those who are NPAs or stressed MSMEs.
  3. An equity infusion of Rs 50,000 crore through the Mother Fund-Daughter Fund for MSMEs, which is viable but needs handholding. A fund with a corpus of Rs 10,000 crore will be set up to expand the capacity of these units and help market them on selection.
  4. The definition of MSMEs has been modified to allow MSMEs not to lose profits. Also, there will be no difference between manufacturing and service sector MSMEs.
  5. Global tenders up to Rs 200 crore for government contracts will be canceled.
  6. This will ensure that e-market linkages are provided across the board in the event of COVID not participating in trade fairs. Government of India and PSUs will clear all receipts in the next 45 days.

For employees

  1. Liquidity relief of EPF assistance of ₹ 2,500 crore is being given to all EPF establishments, EPF contribution will be paid by the government. More than 72 lakh employees from India will benefit for another 3 months till August.
  2. Statutory EPF contribution for all organizations and their employees covered by EPFO ​​has been reduced from 12% to 10%. It does not apply to government organizations. This will create liquidity of Rs 6,750 crore in these organizations.

For NBFC / HFC / MFI

  1. Rs 30,000 crore special liquidity scheme for investment in investment grade letter of credit of NBFCs, HFCs and MFIs. These NBFCs are also funding MSMEs. This will be fully guaranteed by the Government of India.
  2. Partial Credit Guarantee Scheme 2.0 of Rs 45,000 crore for NBFCs. The first 20% loss will be borne by the guarantor which is the Government of India.
  3. For DISCOM, a lump sum emergency liquidity injection of Rs 90,000 crore against all their receipts. States will guarantee this.

Other information

  1. Extension of up to 6 months (without cost to the contractor) by all central government agencies like Ministry of Railways, Road Transport and Highways, Central Public Works Department.
  2. On immovable property, the Ministry of Urban Development will issue advisories to the States / UTs, so that the regulators can negotiate for the force. Regulators may extend completion / registration dates for projects ending on or after March 25, 2020 by six months.
  3. Reduction of 25% of the existing tax rates on Source (TDS) and Tax Collection at Source (TCS) from yesterday to 31 March 2021. It will release Rs 50,000 crore.
  4. Due date for filing all income tax returns was extended from 31 July to 30 November. Vivad to Vishwas scheme extended to 31 December 2020. The taboo dates were extended to December 31, 2020 as of September 30, 2020. By 31 March 2021, the taboo dates were extended to 30 September 2021.

Also Read: Follow This Diet To Stay Healthy While Working From Home 

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Thug Life Movie Review & Release Live Updates: Kamal Haasan’s Bold New Venture – Is it the Hit We Expected?

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Thug Life Movie Review & Release Live Updates: Kamal Haasan’s Bold New Venture – Is it the Hit We Expected?

Kamal Haasan’s Bold New Venture

Kamal Haasan, the versatile legend of Indian cinema, is back on the big screen with his latest thriller, Thug Life. After weeks of anticipation and a gripping promotional campaign, fans have eagerly awaited the release of this high-octane action drama. The movie, directed by debutant director Arvind Rao, promises to showcase Haasan in a never-before-seen avatar, leading to sky-high expectations. So, does Thug Life live up to the hype? In this blog, we bring you an in-depth review of the film, along with live updates from the first-day box office response. Is Thug Life the next blockbuster hit Kamal Haasan fans have been waiting for?

A Thrilling First Look: What’s Thug Life All About?
At its core, Thug Life is an action-packed thriller that explores the lives of notorious criminals, their complex relationships with law enforcement, and the grey areas of morality. Kamal Haasan plays Vikram Singh, a larger-than-life anti-hero with a troubled past who finds himself caught between the law and the underworld. The film also stars an ensemble cast, including the brilliant actress Simran, who plays a key role as Vikram’s moral compass.

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From the first teaser, it’s clear that Thug Life is set against the backdrop of a gritty urban world, filled with explosive action sequences, intense drama, and gripping twists. The film promises to delve deep into themes of justice, vengeance, and personal redemption. Kamal’s performance, combined with the intriguing premise, has set the stage for a grand theatrical release.

Plot and Direction: The Power of Storytelling
Thug Life is crafted in a fast-paced manner, with suspense building at every corner. The screenplay is written in a way that constantly keeps the audience on edge, making them question the true intentions of the characters. The film’s direction by Arvind Rao has been appreciated for its bold approach in showcasing complex characters and real-world dilemmas.

Kamal Haasan, known for his ability to transform into any character, does not disappoint here. He brings his unparalleled experience to the table, portraying a character who walks the thin line between good and evil. His performance is undoubtedly one of the highlights of the film.

Simran’s portrayal of Maya, a fierce and intelligent woman who challenges Vikram’s decisions, complements Haasan’s character beautifully. Their chemistry on screen elevates the emotional stakes, making the action sequences more impactful.

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Is the Action Worth the Hype?
The action sequences in Thug Life are nothing short of spectacular. From high-speed chases to hand-to-hand combat, the film delivers thrills on every front. The choreography, especially in the fight scenes, stands out for its fluidity and precision. Kamal Haasan, known for his commitment to physical transformation, performs many of the stunts himself, showcasing his dedication to the craft.

One of the standout moments is a tense sequence set in an abandoned warehouse where Vikram faces off against a group of armed criminals. The scene is intense, and the cinematography captures the chaos and confusion, making it a thrilling experience.

Music & Sound Design: A Powerful Impact
The film’s music, composed by the talented Anirudh Ravichander, perfectly complements the high-octane action and dramatic moments. Tracks like “Thug Life Anthem” and “Vikram’s Vengeance” have already started to trend on music platforms, and it’s easy to see why. The music amplifies the tension and excitement, enhancing the overall cinematic experience.

The sound design deserves special mention. Whether it’s the ominous hum during a quiet moment or the deafening roar during action sequences, the sound elevates the tension and immerses the audience in the world of Thug Life.

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Live Box Office Updates: A Promising Start
As the clock strikes midnight, audiences flock to theaters for the first showings of Thug Life. Early reviews on social media are buzzing with excitement, praising Kamal Haasan’s return to form and the gripping narrative. The film’s powerful action sequences and engaging storyline seem to have hit the right chord with fans.

Box office analysts predict a solid opening for Thug Life. With strong pre-release bookings, particularly in Chennai, Mumbai, and Bengaluru, the film is set for a roaring start. Kamal Haasan’s massive fan base is ensuring long lines at theaters, with advance bookings already sold out in several locations.

Reports from the first-day collections are already rolling in, and the numbers look promising. It’s expected that Thug Life will gross over ₹15 crore on its opening day, making it one of the highest openings for Kamal Haasan in recent years.

The Verdict: Is Thug Life Impressive?
Without a doubt, Thug Life is a powerful cinematic experience that showcases Kamal Haasan in peak form. The film succeeds in offering a gripping storyline, memorable characters, and a stellar performance from its lead. The action sequences and emotional depth set it apart from typical masala entertainers, and its themes resonate with today’s audience.

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While the plot may feel familiar to those who have watched similar thrillers, Thug Life distinguishes itself with its sharp direction, compelling performances, and high-quality production values. If you’re a fan of action films with emotional depth, this is a movie you won’t want to miss.

Rating: 4/5 – A must-watch for Kamal Haasan fans and action movie lovers alike.

Live Updates: Is Thug Life Making Waves?
10:00 AM – First Show Starts:
The first show has begun! Fans are already praising Kamal Haasan’s power-packed performance. Social media is flooded with reactions as people seem impressed with the intense action sequences.

12:30 PM – Early Box Office Numbers:
Thug Life is seeing a great response at the box office. Early reports show packed theaters in Chennai, Hyderabad, and Bengaluru. Looks like Kamal Haasan is in for a hit!

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3:00 PM – Social Media Buzz:
The film’s action and Kamal Haasan’s performance are trending on Twitter and Instagram. Fans are calling it his best role in years. Many are also impressed with the music by Anirudh.

6:00 PM – Fan Reactions:
The film continues to dominate social media as fans share videos from theaters. There’s a lot of love for the film’s emotional depth, making it clear that Thug Life is a crowd favorite.

Final Thoughts:
With such a fantastic opening, Thug Life looks set to make waves at the box office. Kamal Haasan’s stellar performance and the film’s impressive direction ensure that this thriller is more than just a typical action flick – it’s a cinematic experience.

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