Finance minister releases fifth tranche of economic package

News: Union finance minister has unveiled the fifth and last tranche as part of the Atmanirbhar Bharat Abhiyan(Self-reliant India campaign). Facts: Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA):  Government to allocate an additional Rs 40,000 crore for MNREGA.This will help generate nearly 300 crore person days in total and will also help provide more… Continue reading Finance minister releases fifth tranche of economic package

Finance minister announces 4th tranche of economic measures

News:The Union Finance Minister has announced the 4th economic package under Atma Nirbhar Bharat Abhiyan. Facts: Coal sector: Commercial mining will be introduced in the coal sector and the government monopoly in coal mining will be removed. Defence production:  Enhancing self-reliance in defence production- Indigenization of imported spares, separate budget provisioning for domestic capital procurement. … Continue reading Finance minister announces 4th tranche of economic measures

Finance minister announces third tranche of economic revival package

News:The Union Finance Minister has announced the 3rd economic package under Atma Nirbhar Bharat to strengthen Infrastructure Logistics, Capacity Building, Reforms for Agriculture, Fisheries and Food Processing Sectors. Facts: Essential Commodities Act: Government will amend the Essential Commodities Act to deregulate cereals, pulses, onions and potatoes. Stock limits will be imposed under very exceptional circumstances… Continue reading Finance minister announces third tranche of economic revival package

2nd economic package tranche: Atma Nirbhar Bharat

News: Union Finance Ministry announced the 2nd economic package under Atma Nirbhar Bharat for supporting the poor, including migrants, farmers, small businesses and street vendors. Facts: Key measures: Migrants: Free food grains will be supplied to all Migrant labourers for 2 months i.e. May and June,2020.Migrant labourers not covered under National Food Security Act(NFSA),2013 or… Continue reading 2nd economic package tranche: Atma Nirbhar Bharat

Economic Package to make India self reliant: Atma Nirbhar Bharat Abhiyan

News:Union Finance Minister has announced the first tranche of the Atma Nirbhar Bharat Abhiyan to deal with the COVID-19 pandemic. Facts: Key Features of the Package: Real Estate:The deadline for completion of projects has been extended by up to six months treating the coronavirus outbreak as an event of ‘force majeure’ under the realty law… Continue reading Economic Package to make India self reliant: Atma Nirbhar Bharat Abhiyan

₹20 lakh crore package for “self-reliant” India

News:Prime Minister has announced a special economic package worth 20 lakh crore rupees for an ‘Atma-Nirbhar Bharat’ or self-reliant India. Facts: Aim: To make India self-reliant (Atma-Nirbhar) by promoting business, attracting investment, cutting down import dependence and by strengthening Make in India. The package includes earlier announcements made by the RBI and the government which… Continue reading ₹20 lakh crore package for “self-reliant” India