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

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5 years ago

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

Finance Minister Nirmala Sitharaman on Friday unveiled the third batch of the government’s Rs 20 lakh crore economic package to revive the recession-ridden Indian economy due to the ongoing nationwide lockout to curb the spread of the coronavirus epidemic.

In the last two days, as part of Prime Minister Narendra Modi’s campaign for ‘Self-reliant’ India, the Finance Minister announced special measures like free food grains for migrant workers, concessional loans to farmers, working capital incentives for street vendors, collateral is. Free loans to businesses for other initiatives including liquidity facility for MSMEs and NBFCs.

Here are the highlights:

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  • The Essential Commodities Act will be amended to enable better pricing for farmers, de-regulating agricultural products including cereals, edible oils, oilseeds, pulses, onions, and potatoes.
  • Under the amended Essential Commodities Act, stock limits will be imposed in exceptional circumstances like national calamities, price rise, and famine. The stock limit will apply to processors or participants of the value chain subject to their installed capacity or any exporter subject to export demand.
  • In the direction of strengthening the infrastructure in agriculture, agricultural infrastructure projects will be provided with a funding facility of Rs 1 lakh crore for funding at the farm-gate and aggregation points.
  • Government to bring a law to implement agricultural marketing reforms to provide marketing options to farmers; The law will provide sufficient options to the farmer to sell produce at attractive prices.
  • A convenient legal framework will be created to enable farmers to engage with processors, aggregators, large retailers, exporters in a fair and transparent manner.
  • TOP to TOTAL: Operational greens will be expanded from tomatoes, onions, and potatoes (TOP) to all fruits and vegetables (TOTAL). This is expected to give better prices to farmers, reduce wastage, and improve the affordability of products for consumers.
  • 500 crore will be allocated for beekeeping initiative and this will benefit 2 lakh beekeepers in rural areas.
  • As part of PM’s vision for ‘Local for Local’ with Global Outreach, a scheme will be launched to help 2 lakh micro TV enterprises; Income for improved health and safety standards, integration with retail markets and improvement in key focus areas. It will support existing micro food enterprises, farmer producer organizations, self-help groups and cooperatives.
  • Fund of Rs 18,700 crore has been transferred under PM KISAN in the last 2 months and PM Fasal Bima Yojana claims of Rs 6,400 crore issued in the last 2 months.
  • Government has raised 4000 crores for herbal farming in India. The move aims to cover 10 lakh hectares under herbal farming in 2 years; The corridor of medicinal plants that come across the Ganges.
  • National Animal Disease Control Program for foot and mouth disease of animals has been started with a total outlay of Rs 13,343 crore. It will focus on vaccination of 100 percent of the population of cattle, buffalo, sheep, goat and pig in India.
  • The Government announced a Rs 15,000 crore Animal Husbandry Infrastructure Development Fund to support private investment in dairy processing, value addition, and animal feed infrastructure.
  • The government has launched the Pradhan Mantri Matsya Yojana for integrated, sustainable, inclusive development of marine and inland fisheries to reduce significant gaps in the fisheries value chain. The move will provide employment to more than 55 lakh people and double export of Rs 1 lakh crore.
  • During the lockdown period, the demand for milk decreases by 20-25%. New scheme to provide interest subsidy at 2% per annum to dairy cooperatives for 2020-21. Under this scheme, additional liquidity of Rs 5,000 crore, 2 crore farmers will get benefits.
  • The credit goes to those farmers who have always faced various challenges and brought India to some global benchmark.
  • To help the fisheries sector, the operations of Marine Capture Fisheries and Aquaculture have been relaxed to cover inland fisheries.
  • India is the largest producer of milk, jute and pulses; 2nd largest in sugarcane, cotton, groundnut, fruits, vegetables and fisheries, and third in cereals.
  • The third set of announcements focuses on agriculture, fisheries, animal husbandry and allied activities.
  • In the last 2 months, several measures were taken to support the farmers.

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

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US vice president JD Vance, wife Usha and kids visit Jaipur’s iconic Amber Fort | Pics

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19 hours ago

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April 24, 2025

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US vice president JD Vance, wife Usha and kids visit Jaipur’s iconic Amber Fort | Pics

US Vice President JD Vance, his wife Usha Vance, and their children visited the historical Amer Fort in Jaipur on April 22, 2025. The Vance family received a warm welcome at the Fort, where they were greeted with a traditional Rajasthani dance performance and elegantly decorated elephants. Second Lady Usha Vance, the wife of US vice president JD Vance, carries her daughter Mirabel as they watch a cultural performance at the Amber Fort in Jaipur.

Rajasthan CM Bhajanlal Sharma welcomed the Vance family as they visited the historic Amer Fort in Jaipur. The Vance family will depart for the US early Thursday morning. In related news, JD Vance and wife Usha attended Good Friday service at St. Peter’s Basilica in Vatican City. Vance also visited the Taj Mahal in Agra on April 23, 2025. Vance said that “good progress.

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In other news, Pope Francis’ funeral is set to start on Wednesday, and the J&K tourist hub has been completely shut today. On 4/20, celebrations across the US highlight cannabis culture and calls for legalization had been made towards a trade deal with India after meeting with “tough negotiator” Prime Minister Narendra Modi in New Delhi. The Vance family visited.

On April 22, 2025, US Vice President JD Vance, accompanied by his wife Usha Vance, and their three children, visited Jaipur’s historic Amber Fort. The family received a warm welcome, highlighted by traditional Rajasthani folk performances and a red carpet reception. As they entered the fort’s main courtyard, Jaleb Chowk, they were greeted by two elegantly decorated elephants named Chanda and Mala, raising their trunks in greeting. ​

During their visit, the Vances were joined by Rajasthan Chief Minister Bhajanlal Sharma and Deputy Chief Minister Diya Kumari, who guided them through the fort’s rich history and architectural marvels. The family also enjoyed cultural performances featuring traditional dances such as Kacchi Ghodi, Ghoomar, and Kalbeliya, offering a glimpse into the vibrant.

Usha Vance, dressed in a chic white shirt and patterned skirt, explored the fort alongside her family and dignitaries, embracing the cultural experience culture of Rajasthan This visit was part of Vice President Vance’s four-day official trip to India, aimed at strengthening bilateral relations between the United States and India. The Vance family departed for Washington.

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Bhajanlal Sharma welcomed the Vance family as they visited the historic Amer from Jaipur on April 24, concluding their cultural tour of India Upon their arrival at Amber Fort, the Vance family was greeted with traditional Rajasthani hospitality. Two elegantly decorated elephants, Chanda and Pushpa, adorned with silver ornaments, were stationed at the entrance welcome.

The family was also treated to a cultural performance featuring folk artists dressed in traditional Rajputi and Kalbelia attire, accompanied by musicians playing regional instruments. The vibrant rangolis and the overall festive atmosphere highlighted the rich cultural tapestry of Rajasthan The fort’s impressive courtyards and majestic structures.

Exploring the Fort’s Historical Significance

During their tour of Amber Fort, the Vance family explored various architectural marvels, including the Sheesh Mahal (Mirror Palace), known for its intricate mirror work and stunning design. They were accompanied by Rajasthan Chief Minister Bhajanlal Sharma and Deputy Chief Minister Diya Kumari, who provided insights into the fort’s history and significance.​

Engaging with Local Culture

Throughout their visit, Vice President Vance demonstrated a keen interest in engaging with The Vance family’s visit to Amber Fort was part local culture. He interacted with the folk artists and expressed appreciation for the traditional performances, reflecting a genuine curiosity and respect for India’s diverse cultural heritage.​

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