FM announced collateral-free loans worth ₹3 lakhs for Micro, Small & Medium Enterprises (MSMEs) that have a turnover up to ₹100 crores till October 31, 2020.
After the abrogation of Article 370, the Jammu and Kashmir Reorganisation Act, 2019 came into effect on October 31, 2019.
As per the new tax regime, certain incomes are exempted.
The first income tax slab revision was done by John Mathai in 1949-50.
The lock-in period for tax-free bonds is long-term.