Home Political News Nirmala Sitharaman Released Fourth Financial Package

Nirmala Sitharaman Released Fourth Financial Package

Finance Minister Nirmala Sitharaman, who is holding a press conference every day, reveals the details of allocations in the Atma Nirbhar Bharat Abhiyan Scheme, announced by Prime Minister Narendra Modi at Rs 20 lakh crore. The fourth economy package was announced today. Nirmala said the allocation was mainly for coal, minerals, nuclear power, defense, aerospace, aviation, and aircraft repair as said by the minister.

Incentives for tourism and aviation and transportation.

Domestic reforms in line with international markets, Emphasis on employment opportunities.

Focus on the liberalization of policies in key areas, Project Development Cell for coordination with investors in each branch.

Ranking the new policy for states in promoting investments, Incentives for states to invest in new sectors such as solar energy.

5 lakh acres of land ready for industrial use, Ranking for Industrial Hubs in 2020-21, Upgrade infrastructure connectivity in industrial clusters in the states.

IIS Policy for Land Details for Industries, Land mapping of 3,376 industrial parks, SEZs, and 5 lakh hectares through IIS policy. Land Bank Details Available Through GIS Mapping,

The goal is to reduce coal tariffs, Coal is the center for setting prices, and Coal mining bidding is simplified. Also, No conditioned bidding process with 50 mines available for bidding. Anyone can bid for coal mine for 500 new mineral mines across the country. Permission is given for excavation, production, and marketing. 50 thousand crores for infrastructure in the mining sector, Rs 18,000 crore for mechanization of coal mines.

Domestically manufactured arms products, Phased ban on arms imports. Also making India a priority in defense. FDIs range from 49 percent to 74 percent in the defense sector.
Project Management Unit for inspection of arms contracts.

Privatization and maintenance of 6 major airports in PPP mode, Privatization of airports by auction. Also, increase private investment in 12 other airports. Benefits of Civil Aviation up to Rs.1000 crore. Flight to small cities.

Encouraging private investment in the aerospace sector. Opportunities for private companies besides ISRO in the space sector. Private companies are free to use ISRO facilities.

Development of atomic nuclear in the PPP method.

Health Reactors specifically for Cancer Treatment.

Penalties if neglected in respect of quality power supply, Establishment of smart prepaid meters. Instructions to reduce electricity subsidies. Clarification that subsidies should be given directly to the public in cash.

Fourth Economy Package.

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