Nirmala Sitharaman made this announcement, if the bank refused to give the loan, it would be able to complain directly to the government

new Delhi.  Now if a bank cannot refuse loans to Micro Small and Medium Enterprises (MSEM) without any reason.  If a bank refuses to give loan to MSME without any reason, then it can be difficult for them.  For this, the Finance Ministry is going to set up a special kind of center, where in such circumstances any MSME can lodge their complaint through e-mail.  After this, a copy of this complaint will also be sent to the bank manager.

 Special center will be built soon
 Giving information about this, Finance Minister Nirmala Sitharaman said that no bank can refuse to give loan to any MSME without any concrete reason.
He further said that this special center will be announced soon.  The Finance Minister said on Saturday that the foreign exchange reserves and foreign direct investment (FDI) in the country are at the highest level ever.  He expressed confidence that India will once again return to the 8 percent growth rate.  The central government is constantly trying for this.
Nirmala Sitharaman said in response to a question about LTCG on the talk-long term capital tax (LTCG) that the ministry will wait for one more year.  Let us know that before the budget, the government was expected to get relief from LTCG.  However, the Finance Minister did not make any such announcement in the budget speech.  LTCG was brought back for almost 14 years in 2018.  Regarding LTCG, she said that due to the fluctuations in the market, she could not make a suitable assessment about it.

 Explanation on dividend distribution tax
 However, during this time he gave clarification regarding Dividend Distribution Tax (DDT) and said that now companies will not have to pay any DDT.  Only investors will have to pay dividend distribution tax.
No plan to cut state funds
 Giving clarification on one more thing, the Finance Minister said that there is no plan to cut the funds to be released by the Center to the states.  The Finance Minister said, 'We have no plans to cut the state funds.  We are releasing funds based on the recommendations of the 14th Planning Commission.  Now we will follow the recommendations made in the 15th Planning Commission report.

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