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Nirmala Sitharaman Announced The Fourth Installment Of The Economic Stimulus Of Rs 20 Lakh Crore

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Nirmala Sitharaman Announced The Fourth Installment Of The Economic Stimulus Of Rs 20 Lakh Crore

Union Finance Minister Nirmala Sitharaman on Saturday unveiled the fourth installment of the government’s Rs 20 lakh crore economic package to provide relief to various sectors of the economy affected by the coronavirus lockdown.

In the first three installments, the government announced several measures for the agriculture sector, amending the stringent Essential Commodities Act, credit lines to small firms, concessional loans to farmers, free grain to migrant workers, working capital incentives and support for street vendors. be provided. Shading banking and power distributors among other initiatives.

Highlights of the Finance Minister’s address are as follows:

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  • FDI limit in the defense manufacturing sector is being raised from 49 percent to 74 percent under the automatic route.
  • Project management units will be set up to support contract management, for time-bound defense procurement process, and faster decision making.
  • In important areas like defense, we have to promote programs like Make in India. We will notify the list of weapons and platforms that will not be allowed to import but we may have purchased them from India.
  • The power distribution companies in the Union Territories will be privatized as per tariff policy reforms. This will provide better service to consumers and improve operational and financial efficiency in delivery.
  • We will corporate with the Ordnance Factory Board to improve autonomy, accountability, and efficiency in the ordnance supply.
  • Civil aviation is in for a big jump. We will be able to reach our destination in the least possible time-saving fuel, time, cost.
  • 6 more airports are up for auction. There is a possibility of additional investment by private players.
  • The tax regime has been rationalized for the MRO ecosystem. The airport component repair and airframe maintenance will increase from Rs 800 crore to Rs 2,000 crore in 3 years.
  • Restrictions on the use of Indian airspace will be reduced so that civilian flight is more efficient. This would give a total profit of Rs 1,000 per year for the sector.
  • To provide a level playing field for private companies in satellites, launches, and space-based services, the private sector is being encouraged to become a co-passenger in our space field journey.
  • The private sector will be allowed to use ISRO facilities and other relevant assets to improve their capacity.
  • We will set up a research reactor in PPP mode for the production of medical isotopes. It will promote the welfare of humanity through affordable treatment for cancer and other diseases.
  • We will connect India’s strong start-up ecosystem with the nuclear sector. Technology development cum incubation centers will be set up to foster synergies between research faculties and tech-entrepreneurs.
  • The government will set up facilities in PPP mode to use radiation technology for food conservation to support agricultural reforms and farmers.
  • Creation of social infrastructure projects worth Rs 8,100 crore, which has been proposed through the restructured feasibility gap funding scheme.
  • The government will increase the amount of viability gap fund up to 30 percent of each of the total project cost.
  • We are bringing commercial mining to the coal sector, the government monopoly is being lifted.
  • 50,000 crore will be spent by the government to ensure extraction infrastructure in the coal sector.
  • We want to bridge the gap between captive and non-captive mines to allow the transfer of mining leases.
  • 500 mining blocks will be offered through an open and transparent auction process, a joint auction of bauxite and coal mineral blocks will be launched to increase the competitiveness of the aluminum industry.
  • Coal bed methane (CBM) extraction rights to be auctioned from coal mines of Coal India Limited.
  • The empowered group of secretaries has been formed for fast-track infrastructure investment, ranking states for investment attraction, project development cells have been formed, champion areas are being promoted.
  • We need to reduce sustainable coal imports and increase self-sufficiency in coal production.
  • The schemes will be implemented in the states through challenge mode for industrial cluster up-gradation of common infrastructure and connectivity.
  • 3,376 industrial parks/estates in 5 lakh hectares mapped on International Information System, all industrial parks will be ranked in 2020-21.
  • Eight sectors that are focused on today’s reforms: coal, minerals, defense, civil aviation, power distribution companies in union territories, space, nuclear power.
  • Today’s announcements focus on structural reforms in new areas where development and employment can be generated.
  • When we talk of self-reliant India, we are not talking of separatism or inward-looking.
  • We should prepare ourselves for global competition. Policy simplification is required.
  • Many sectors need policy simplification to make it easier for people to understand what the sector can provide, participate in activities, and bring transparency. Once we reduce the areas, we can promote the sector, for development and jobs.
  • After PM’s address to the nation about the creation of India, we are announcing the details of the stimulus government, it seems that it should provide for the economy and our people.

Also Read: Follow This Diet To Stay Healthy While Working From Home 

Cricket

Anushka Sharma Cheers as Smriti Mandhana’s RCB Makes History with Second WPL Title!

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Anushka Sharma hails RCB: Powerful Historic WPL Triumph

The air was thick with expectancy, the stadium buzzed with electricity, and everyone’s attention was focused on the emerging drama. The Women’s Premier League (WPL) final, which pitted Royal Challengers Bangalore (RCB) against Delhi Capitals (DC), promised to be a spectacular spectacle. We had no idea it would provide so much more – a nail-biting match culminating in a historic victory that sent shockwaves of joy around the cricketing globe, and no one was more excited than Bollywood diva Anushka Sharma. Her exuberant exclamation of “History repeated!” wonderfully captured the enthusiasm surrounding RCB’s stunning win, their second consecutive WPL title.



A Season of Resilience and Redemption

The Journey to the Final

RCB’s path through the WPL season was one of resilience, strategic brilliance, and unwavering commitment. Smriti Mandhana’s dynamic leadership led to continual growth, with the team learning from each setback and emerging stronger. Their route to the final was not without challenges, but each one strengthened their resolve, transforming them into a strong force eager to triumph.

Mandhana’s Masterclass in Leadership

Smriti Mandhana, known for her graceful batting, shone as a captain throughout the season. Her cool demeanour under pressure, clever tactical selections, and ability to motivate her teammates all contributed to RCB’s win. She led from the front, both with the bat and as captain, exemplifying the spirit of true leadership.


The Grand Finale: A Battle for Supremacy

DC’s Strong Start

The final against the Delhi Capitals was a match worthy of the occasion. DC, a powerhouse squad, started strong, scoring a tough total that tested RCB’s batting lineup. The early overs were tense, with both sides trading blows as they battled for dominance in the high-stakes match.

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RCB’s Clinical Chase

However, the RCB chase was nothing short of clinical. The batsmen showed steel nerves, forming key partnerships and patiently chipping away at the objective. Each run was greeted with enthusiasm, and each boundary elicited tremendous ovation, as the momentum changed in RCB’s favour.


Anushka Sharma’s Elation: A True Fan’s Delight

Beyond The Boundary Ropes

Anushka Sharma, a loud and avid supporter of RCB – and, in fact, of all things cricket, given her husband Virat Kohli’s involvement with the men’s squad – has always been interested in the team’s success. Her presence, though virtual this time, was palpable. Her social media was buzzing with enthusiasm as she tracked every ball, wicket, and run.

“History Repeated!” – A Resounding Declaration

Upon RCB’s momentous victory, Anushka’s joy knew no bounds. Her initial reaction, “History repeated!”, was more than just a congratulatory statement; it was a genuine recognition of the team’s amazing feat. It struck a chord with fans, bringing back memories of RCB’s previous WPL victory and emphasising the squad’s consistent excellence under Smriti Mandhana. This victory was more than simply a single win; it was a declaration of purpose, confirming their place as the dominant force in women’s cricket.


The Impact of Victory

Inspiring a New Generation

RCB’s straight WPL wins are more than simply trophies; they serve as a source of motivation for a generation of ambitious female cricket players. These achievements highlight the incredible skill, devotion, and professionalism of women’s cricket, inspiring young girls to pursue their aspirations in the sport. The WPL’s visibility and success are critical in building a strong ecosystem for women’s cricket around the world.

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Solidifying RCB’s Legacy

This second WPL triumph cements RCB’s legacy in the expanding world of women’s franchise cricket. It demonstrates their dedication to excellence, strategic team development, and developing top people. The team has not only won silverware, but it has also won hearts, resulting in a devoted and ever-growing fan base.


A Celebration of Teamwork and Tenacity

Every Player’s Contribution

The success was due to the combined efforts of all RCB players. From crucial bowling breakthroughs to critical runs scored by batters and great fielding exploits, each individual contribution is woven together to create a winning tapestry. It emphasised the value of teamwork, with each player playing an important role in achieving a common objective.

The Power of WPL

The WPL continues to grow in stature and popularity, giving an important platform for female cricketers to demonstrate their abilities on a worldwide scale. Matches such as the final between RCB and DC help to captivate fans and demonstrate the league’s tremendous competitiveness. The continued success of teams such as RCB only adds to the league’s allure and long-term viability.


Looking Ahead: A Bright Future

Maintaining Momentum

As RCB basks in the joy of winning back-to-back WPL titles, the issue now is to maintain that momentum. The cricket world will be looking to see how they evolve, innovate, and defend their championship status in the coming seasons. The benchmark has been established, and expectations are higher than ever.

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The Expanding Reach of Women’s Cricket

The WPL’s success, fuelled by compelling finals and celebrity endorsements such as Anushka Sharma’s, demonstrates the growing reach and attraction of women’s cricket. It demonstrates the quality, passion, and rising fans that this format continues to attract, implying an even brighter future for the sport.


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