Other Measures -1
•On the request of the Government of India, RBI raised the Ways and Means advance limits of States by 60% and enhanced the Overdraft duration limits.
•Issued all the pending income-tax refunds up to ₹5 lakh, immediately benefiting around 14 lakh taxpayers
•Implemented “Special Refund and Drawback Disposal Drive”for all pending refund and drawback claims
•Both the above measures amount to ₹18,000 crore of refund.
•SanctionedRs15,000 crores for Emergency Health Response Package
Other Measures –2
•Provided Relaxation in Statutory and Compliance matters, such as –
•Extending last date for Income Tax Returns to June 30, 2020
•Extending filing GST returns to end of June 2020
•24*7 custom clearance till 30thJune, 2020
•Relaxation for 3 months for debit cardholders to withdraw cash free from any ATMs, etc
•Allowing payment before 15 May, 2020 for Motor Vehicle and Health Insurance Policies
•Mandatory Board meetings extended by 60 days till 30 September
•Allowing Extraordinary General Meetings through Video Conference with e-voting/simplified voting facility