Monday, 30 November 2020

Finance Minister outlines reforms in seven areas

Updated: May 18, 2020 11:53 am

Finance Minister Nirmala Sitharaman yesterday unveiled the fifth and final tranche of financial stimulus and policy measures to help build a self-reliant India under the Atma Nirbhar Bharat Campaign.  Prime Minister Narendra Modi had on Tuesday in his address to the nation announced a special economic package equivalent to 10 per cent of India’s GDP, amounting to 20 lakh crore rupees.

Addressing a media briefing in New Delhi, Finance Minister 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.

Under the MNREGA scheme, an additional 40 thousand crore rupees will be allocated for employment generation in the rural parts of the country. She said, this will help to generate nearly 300 crore person days to provide relief to the migrant workers.

The Finance Minister said, more than 11 thousand crore rupees have been released to the states as advance from State disaster relief fund in the first week of April and Ministry of Health and Family Welfare released another 4 thousand 113 crores rupees for direct anti-covid activities.

Prime Minister Narendra Modi has said measures and reforms announced by Finance Minister Nirmala Sitharaman  will have a transformative impact on country’s health and education sectors. In a tweet, Mr Modi said, they will boost entrepreneurship, help public sector units and revitalise the village economy.

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