Vijay secures majority mark as Left parties, VCK back TVK
In a major political development in Tamil Nadu, the CPI, CPM, and VCK have agreed to support the TVK chief, enabling the party to reach the crucial halfway majority mark of 118 MLAs.
To provide relief to MSMEs hit by the second COVID-19 wave, Finance Minister Nirmala Sitharaman on Monday raised the limit under the Emergency Credit Line Guarantee Scheme (ECLGS) by 50 per cent to Rs 4.5 lakh crore to help small businesses get credit at concessional rate.
Sharing details of the scheme, the finance minister said that contact intensive sectors are already covered and shall be continued. Around Rs 4,000 crore has been given to these sectors through this window so far and limit of admissible guarantee and loan amount proposed to be increased above existing level of 20 per cent of outstanding on each loan.
In a major political development in Tamil Nadu, the CPI, CPM, and VCK have agreed to support the TVK chief, enabling the party to reach the crucial halfway majority mark of 118 MLAs.
TVK chief Vijay has sought an appointment with the Tamil Nadu Governor at Lok Bhavan at four thirty in the evening, sparking speculation about the party securing the required numbers to form the state government.
Following the BJP's victory in the West Bengal assembly elections, Amit Shah is scheduled to chair an MLA meeting to finalise the state leadership. Suvendu Adhikari has emerged as the frontrunner for the Chief Minister position.
An analysis of the potential frontrunners for the chief ministerial position highlights several key contenders from the prominent political party.