PM Garib Kalyan Package used technology to do direct benefit transfer to people: FM Nirmala Sitharaman
New Delhi: Union Finance Minister Nirmala Sitharaman on Sunday (May 17) outlined the ultimate tranche of the Rs 20 lakh crore financial bundle introduced by Prime Minister Narendra Modi to spice up economic system within the view of coronavirus disaster.
Beginning her press briefing, she stated “As a nation, we stand at a very crucial juncture. Such a big disaster is a signal for India, it has brought a message and opportunity,” including “We need now to build an #AatmaNirbharBharat.”
She stated, “Soon after lockdown, we came with #PMGaribKalyanPackage, we provided food grains to those who needed it, we did not want to scout for money to search for grains,” including “#PradhanMantriGaribKalyanPackage used technology to do direct benefit transfer to people, we could do what we did because of the initiatives taken during the last few years.”
“Pulses too were given 3 months in advance. I appreciate the concerted efforts of FCI, NAFED and states, giving pulses and grains in huge quantities, despite logistical challenges,” she added.
The FM added that immediately’s try is to make it possible for atmosphere is all proper for the companies to renew, including that steps will give attention to these seven areas: MGNREGA, Health and Education, Businesses and COVID, decriminalisation of Company’s Act, ease of doing enterprise, Public Sector Enterprises associated issues and state governments and sources associated to state governments.
In her fourth handle on May 16, the Finance Minister introduced “structural reforms” within the sectors of coal, minerals defence manufacturing, airspace administration, MROs energy distribution corporations, area sectors, and atomic vitality sector.
Sitharaman yesterday stated that FDI restrict in defence manufacturing shall be hiked to 74 per cent from 49 per cent whereas some weapons and platforms shall be banned for imports. This step was to offer a serious enhance to ‘Make in India’ in defence sector.
The authorities additionally acknowledged that it’ll rationalise stamp responsibility in mining sector, eradicate the distinction between captive and non-captive mines, introduce seamless composite exploration-cum-mining-cum-production regime and public sale 500 mining blocks.
Key Highlights of 4th tranche introduced on May 16:
1. Commercial Mining launched in Coal Sector
2. Diversified Opportunities in Coal Sector
3. Liberalised Regime in Coal Sector
4. Enhancing Private Investments and Policy Reforms in Mineral Sector
5. Enhancing Self Reliance in Defence Production
6. Policy Reforms in Defence Production
7. Efficient Airspace Management for Civil Aviation
8. More World-Class Airports by PPP
9. India to turn into a world hub for Aircraft Maintenance, Repair and Overhaul (MRO)
10. Tariff Policy Reform in Power Sector; Privatization of Distribution in UTs
11. Boosting non-public sector funding by revamped Viability Gap Funding Scheme in Social Sector
12. Boosting non-public participation in area actions
13. Reforms in Atomic Energy Sector
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