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5th tranche of Atma Nirbhar Bharat package- Structural Reforms Part of: GS-III- Economy- Economic reforms (PT-MAINS-PERSONALITY TEST) Finance Minister in her announcement of the fifth tranche of measures to address the economic situation in the country amid COVID-19, outlined structural reforms with focus on seven areas of MNREGA, Health and Education, Business during COVID, Decriminalisation of Company Act, Ease of doing business, Policy related to Public Sector Units, State government and resources related to it. Imp Announcements MNREGA: MGNREGA scheme, an additional Rs 40 thousand crore will be allocated for employment generation in the rural parts of the country. She…
18 May, 2020
Economic bailout plan
Coronavirus package - Government throws open defence production Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST) The fourth tranche of stimulus focuses on reforms across the industry, aviation and space. Steps to indigenous defence production by banning the import of some weapons and platforms while hiking foreign direct investment into the sector were among the highlights of the fourth tranche of the Aatmanirbhar Bharat Abhiyan package, which seemed to focus more on industry reforms than any sort of economic stimulus. Union Finance Minister also announced measures to introduce commercial mining in the coal sector, liberalise the mineral sector, ease airspace restrictions and encourage private…
17 May, 2020
Economic bailout plan
The economic package announced by Finance Minister Part of: GS-III- Economy- Bailout plan (PT-MAINS-PERSONALITY TEST) This whole initiative is called Atmanirbhar Bharat Abhiyan. She said, PM Modi in his address to the nation had outlined his vision for a self-reliant India and exhorted the Indians to become vocal about our local products. The Finance Minister said this vision was laid out after wide consultations with several sections of society. She said the focus will be on the factors of production, labour, land, liquidity and law. She said it will improve the ease of doing business. The intention is to build and take local brands to a…
16 May, 2020
Economic bailout plan
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