New Delhi: Finance Minister Nirmala Sitharaman has nnounced the fifth and the final tranche of Centre’s Rs 20 lakh crore fiscal stimulus announced by Prime Minister to overcome the onlsaught of the coronavirus and the lockdown on the economy.
The Finance Minister had on Saturday announced a number of structural reforms in the coal, defence and civil aviation sector.
A day earlier, she had announced Rs 1 lakh crore Agri Infrastructure Fund for farm gate infrastructure for farmers and Rs 10,000 crore scheme for the formalisation of Micro Food Enterprises (MFEs) under the Rs 20 lakh crore stimulus package.
On Sunday morning, Sithraman began her address quoting Prime Minister, who said that the stimulus emphasizes on land, labor liquidity and law.
“India will emerge stronger and can tackle this global pandemic. We have helped people with foodgrains. FCI and NAFED have worked tirelessly to make this possible,” she said adding that reforms for eight sectors, namely coal, minerals, defence production, airspace/airport management, aircraft MRO (maintenance-repair-overall), power distribution in union territories, space, and atomic energy have been announced under the last tranche.
Highlights of the address
*51 lakh PPE kits supplied from 300 manufacturers. So far, 87 lakh N-95s have been supplied, 11 crore hydro chloro queen has been produced. The companies were given the facility to do AGM through EGM technology. PM Care funds brought under Corporate Social Responsibility
*Online education during COVID19: Swayam Prabha DTH channels launched to support and reach those who do not have access to the internet; now 12 channels to be added, says FM Nirmala Sitharaman.
*The Government is working on a mission mode on the next phase of ‘ease of doing business’ reforms: Finance Minister Nirmala Sitharaman
*Health workers were given 50 lakh insurance by Centre
*Many changes made in the Company’s Act to reduce compliance burden on COs
*Rs 550 crore spent on coronavirus testing kit
*12 more channels were added for online teaching during lockdown
*NSAP beneficiaries got Rs 1,405 crore in first installment & Rs 1,402 crore in the second installment, a target of Rs 3,000 crore nearly achieved: Finance Minister Nirmala Sitharaman
*Rs 4113 crore released to the state during the pandemic situation
*The 20 lakh economic package focus on reforming public sector policies
*Rs 15,000 crore spent on COVID containment
*FM announces 7 important areas considered in the package: Mahatma Gandhi National Rural Employment Act, Health (rural and urban) and education, Businesses and COVID, Decriminalisation of business, Ease of doing business
PSU related matters, State government and resources
*85 percent of Shramik train tickets amount paid by Centre
*8.1 crore farmers got Rs 16,394 crore under Kisan Yojana. 6.8 crore cylinders distributed under Ujwala Yojana: FM
*Rs 10,025 crore given through Jan Dhan account and Rs 3950 crore for building and construction
