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Finance Minister Nirmala Sitharaman today announced the fifth and final tranche of the INR 20 lakh crore economic package under Prime Minister Narendra Modi’s Aatmanirbhar Bharat Abhiyan initiative. The tranche 5 of measures was a continuation of several reforms addressing challenges related to land, labour, liquidity, and laws announced in the last four days.
INR 40,000 crore additional allocation to MGNREGS
All districts to have infectious diseases wards in hospitals; public health labs at block-level
PM e-VIDYA to be launched for school education
Debt defaults related to COVID-19 will be excluded from definition of ‘default’ under IBC
Decriminalise all violations of technical and procedural nature compliances under Companies Act
Companies can list their securities directly in foreign jurisdiction
A new Public Sector Enterprise Policy to allow private sector to operate in all sectors
States borrowing limit increased from 3% to 5% of the GSDP
The fourth tranche of INR 20 lakh crore economic package announced by Finance Minister Nirmala Sitharaman today streamlines processes to fast-track investments in key sectors, builds a solid ground for executing Prime Minister Narendra Modi’s vision of ‘vocal for local’, enables employment generation, brings consumers at the centre stage and most importantly, creates ample room to unleash the benefits of privatisation.
Unveiling the third tranche of the INR 20 lakh crore economic package under the Atmanirbhar Bharat Abhiyan, Finance Minister Nirmala Sitharaman’s announcements today focused on strengthening India’s agriculture and allied activities sector; she also introduced governance reforms.