Decoding the 20 lakh crore stimulus packageabhishekc1234
Covid-19 pandemic has been deadly all over the globe and has made its mark on India too. In order to fight it head on, our Prime Minister made a huge announcement of Aatmanirbhar package Abhiyan (ABA) on 12 may 2020 of ₹20 Lakh Crore. This research study has been written by me where I decode the package in detail; discuss its usefulness and its impact on the nation.
Decoding the 20 lakh crore stimulus packageabhishekc1234
Covid-19 pandemic has been deadly all over the globe and has made its mark on India too. In order to fight it head on, our Prime Minister made a huge announcement of Aatmanirbhar package Abhiyan (ABA) on 12 may 2020 of ₹20 Lakh Crore. This research study has been written by me where I decode the package in detail; discuss its usefulness and its impact on the nation.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
Summary of special economic package for self-reliant India (Atma-Nirbhar Bharat Abhiyan) to reduce the economic strain on the country due to the pandemic by the Hon’ble Prime Minister, Mr. Narendra Modi on May 12, 2020.
AatmaNirbhar Bharat Presentation- Government Reforms and EnablersLabour Law Advisor
Aatmanirbhar Bharat Scheme announced by Government of India in the wake of COVID 19. The whole scheme was divided into 5 parts. It is the official PPT of Part 5 Government Reforms and Enablers that includes the direct and indirect schemes launched to help boosting the economy from the slowdown.
India - targeted stimulus continues (Tranche 2)Rutuja Chudnaik
India: Targeted stimulus continues
• In the next tranche of measures announced by the Finance Minister today, migrant labourers, agriculture and small businesses found priority
• From a longer-term perspective, affordable housing, both rental and owned, were given incentives to stimulate demand
Like every year, the finance minister will announce an annual report on expenditure and revenue plans for the next financial year during his budget address.Explain about the PM KISAN YOGANA,INCOME TAXMSME’S(Micro small medium entrepreneur)Haryana, 22th AIIMS(All India instituate medical Science ),INFLATION.
Laghu Udyog Bharati is one of India’s largest MSE Industry Networks in India, with branches in every state and members in every district of India, working towards the welfare of MSEs in India. We have grass-root level insights into the challenges faced by the MSEs as well as changing industry trends & practices on the ground.
National Bank for Agriculture and Rural Development (NABARD) primary function is to touch all aspects of rural economy. Apart from providing financial support to the underserved population of the country, the institution also monitors the functioning and regulation of banks. NABARD have been a boon to millions of rural families across the country.This Paper aims to understand the financial initiatives taken by the NABARD in the rural area.
First india ahmedabad edition-02 february 2021FIRST INDIA
Welcome to the Official Website of First India E-Paper. We are the best ENGLISH NEWS PAPER in India with Special coverage of Rajasthan & Gujrat. Follow us for the LATEST NEWS & Top LIVE NEWS in India and around the world.
Visit:- https://firstindia.co.in/newspaper
Here is a short overview of 20 lakh crore economic relief package introduced by the government of India under Aatmanirbhar Bharat to revive the economy from the effects of COVID-19.
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By S...SN Panigrahi, PMP
#Atmanirbhar Bharat Abhiyaan# - A Call to the Nation for Self-Reliance; By SN Panigrahi,
Essenpee Business Solutions,
During a Crisis, Real Leaders Rise and become Visible,
Call for Atmanirbhar Bharat Abhiyan or Self-Reliant India Movement,
Five announcements on the Aatmanirbhar Bharat Abhiyan stimulus package,
MSME in a New Awatar,
Tranche 1: Business including MSMEs (May 13, 2020),
Tranche 2: Poor, including migrants and Farmers (May 14, 2020),
Tranche 3: Agriculture (May 15, 2020),
Tranche 4: New Horizons of Growth (May 16, 2020),
Tranche 5: Government Reforms and Enablers (May 17, 2020),
Cabinet Decisions on 1st June’2020,
Mudra Shishu Loan,
Instilling Hope & Confidence through Mann Ki Baat,
PM Speaking @ CII : 5 Things to Build a Self-reliant India,
Inaugural Address at CII Annual Session 2020,
Vocal for our Local products,
Redefined the Responsibilities of Citizens,
Boycott Videshi (Chinese) Products
Summary of special economic package for self-reliant India (Atma-Nirbhar Bharat Abhiyan) to reduce the economic strain on the country due to the pandemic by the Hon’ble Prime Minister, Mr. Narendra Modi on May 12, 2020.
AatmaNirbhar Bharat Presentation- Government Reforms and EnablersLabour Law Advisor
Aatmanirbhar Bharat Scheme announced by Government of India in the wake of COVID 19. The whole scheme was divided into 5 parts. It is the official PPT of Part 5 Government Reforms and Enablers that includes the direct and indirect schemes launched to help boosting the economy from the slowdown.
India - targeted stimulus continues (Tranche 2)Rutuja Chudnaik
India: Targeted stimulus continues
• In the next tranche of measures announced by the Finance Minister today, migrant labourers, agriculture and small businesses found priority
• From a longer-term perspective, affordable housing, both rental and owned, were given incentives to stimulate demand
Like every year, the finance minister will announce an annual report on expenditure and revenue plans for the next financial year during his budget address.Explain about the PM KISAN YOGANA,INCOME TAXMSME’S(Micro small medium entrepreneur)Haryana, 22th AIIMS(All India instituate medical Science ),INFLATION.
Laghu Udyog Bharati is one of India’s largest MSE Industry Networks in India, with branches in every state and members in every district of India, working towards the welfare of MSEs in India. We have grass-root level insights into the challenges faced by the MSEs as well as changing industry trends & practices on the ground.
National Bank for Agriculture and Rural Development (NABARD) primary function is to touch all aspects of rural economy. Apart from providing financial support to the underserved population of the country, the institution also monitors the functioning and regulation of banks. NABARD have been a boon to millions of rural families across the country.This Paper aims to understand the financial initiatives taken by the NABARD in the rural area.
First india ahmedabad edition-02 february 2021FIRST INDIA
Welcome to the Official Website of First India E-Paper. We are the best ENGLISH NEWS PAPER in India with Special coverage of Rajasthan & Gujrat. Follow us for the LATEST NEWS & Top LIVE NEWS in India and around the world.
Visit:- https://firstindia.co.in/newspaper
Here is a short overview of 20 lakh crore economic relief package introduced by the government of India under Aatmanirbhar Bharat to revive the economy from the effects of COVID-19.
The Prime Minister of India on May 12,2020 launching Aatma Nirbhar Bharat Abhiyaan under which he announcing a special economic package of Rs 20 lakh crore which is equivalent to 10% of India’s GDP. The policy aims to make India self-reliant, empowering the poor, laborers, and migrants who have been majorly affected by COVID-19.
Atmanirbhar presentation - Stimulus by Indian Government - Part 1 business in...Dilip Sankarreddy
Stimulus package announced by Government of India to tackle the economic distress caused by corona virus or covid-19. The stimulus package has been named as 'Atmanirbhar Bharath'.
The total package size is about 10% of India's GDP.
Date of announcement: 13 May 2020.
Aatmanirbhar Bharat Scheme announced by Government of India in the wake of COVID 19. The whole scheme was divided into 5 parts. It is the official PPT of Part 1 entailing the inclusion of MSMEs in the development of economy.
Laghu Udyog Bharati is one of India’s largest MSE Industry Networks in India, with branches in every state and members in every district of India, working towards the welfare of MSEs in India. We have grass-root level insights into the challenges faced by the MSEs as well as changing industry trends & practices on the ground.
Decoding of government of india 20 lakhs crore packageRajivRoy28
The follwing article decodes Government of India Announcement regarding COVID 19 Economic Package its vision/purpose, its intended usage, its implication in Indian circuit.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Decoding government of india 20 lakh crore covid package
1. DECODING GOVERNMENT OF INDIA
20LAKH CRORE COVID PACKAGE
NAME: JITHO MONACHAN
MBA(BANKING AND FINANCE)
AMITY UNIVERSITY, MUMBAI
2. INTRODUCTION
• On May 12, the Centre announced an economic package of Rs 20 lakh crores..
The equity markets jumped up 2% the next day. The rupee strengthened.
• Finance Minister Nirmala Sitharaman unveiled the package over the five days.
There was a slew of measures announced for (among others) Micro, Small and
Medium Enterprises (MSME), migrant workers and farmers.
• The overall package, which stood at Rs 20,97,053 crore, included the Rs 1.92 lakh
crore stimulus from measures announced by PM Modi recently such as the
Pradhan Matri Garib Kalyan Package worth Rs 1.7 lakh crore.
• . The minister, towards the end of her speech, also provided a tranche-
wise complete break-up of the stimulus.
3.
4. FIRST PHASE
• The first set of relief measures announced by Nirmala Sitharaman focused on enabling the
Indian economy’s backbone – MSMEs that employ around 11 crore people and have a GDP
share of approximately 29 per cent.
• Out of the 16 announcements made by the minister, six were dedicated to the MSME
segment to infuse liquidity.
• This included Rs 3 lakh crore collateral-free loans and Rs 50,000 crore equity infusion for
MSMEs through Fund of Funds. Liquidity relief measures worth Rs 30,000 crore were also
announced for NBFCs, HFCs etc. and Rs 90,000 crore for power distribution companies.
• The minister also advised states and regulatory authorities for extending the registration and
completion date of real estate projects under RERA to de-stress developers and ensure
completion of projects for homebuyers to get their booked houses on time.
5. • Some highlights of phase one are:
• Collateral free loan of Rs 3 lakh crores for MSMEs. This will benefit 45 lakh units so that they
can resume work and save jobs.
• For stressed MSMEs, Subordinate debt provision of Rs 20,000 cr has been announced for 2
lakh MSMEs. It will benefit those which are NPAs or stressed MSMEs.
• A liquidity relief of ₹2,500 crore EPF support is being given to all EPF establishments, EPF
contribution will be paid by Govt. of India for another 3 months till August and will benefit
more than 72 lakh employees.
• Statutory EPF contribution for all organisations and their employees covered by EPFO has
been reduced to 10% from 12% earlier. This doesn't apply to govt organisations. This will
infuse Rs 6,750 cr liquidity into these organisations.
• Rs 30,000 crore special liquidity scheme for investing in investment grade debt paper of
NBFCs, HFCs and MFIs. These NBFCs are those that are also funding MSMEs. These will be
fully guaranteed by government of India.
• Rs 45,000 crore partial credit guarantee scheme 2.0 for NBFCs. The first 20% loss will be
borne by the guarantor that is government of India.
• For Discoms, a one-time emergency liquidity injection of Rs 90,000 crore against all their
receivables. The states will guarantee it.
• An extension of up to 6 months (without costs to contractor) to be provided by all
Central Government Agencies like Railways, Ministry of Road Transport & Highways,
Central Public Works Dept.
• On real estate, urban development ministry will issue advisory to states/UTs so that the
regulators can invoke force majeure.
6. SECOND PHASE
• Nirmala Sitharaman’s second tranche of measures catered to migrant workers and street
vendors. The minister introduced ‘one nation one ration card’ to allow migrant workers to
buy ration from any depot in the country.
• A special credit facility of Rs 5,000 crore was announced to support around 50 lakh street
vendors who will have access to an initial Rs 10,000 working capital.
• The minister also said that close to Rs 2 lakh crore will be given to farmers through Kisan
credit cards while 2.5 crore farmers, including fishermen and animal husbandry farmers,
would be able to get institutional credit at a concessional rate.
• The government allowed states to fund the food and shelter facilities to migrant workers
from the disaster response fund that would cost Rs 11,000 crore to the centre.
7. • Some highlights of phase two are:
• Concessional Rs 2 lakh crore credit to to 2.5 crore farmers via new Kisan Credit Cards.
Fishermen and animal husbandry farmers will also be included
• Rs 30,000 crore additional emergency working capital funds through NABARD to help
farmers in Rabi harvest and for the preparation of Kharif crops
• Rs 6,000 crore announced for CAMPA funds. This will employ Adivasi and tribal people for
afforestation work, forest protection, wildlife protection
• Want to give middle-income group earning between Rs 6 - 18 lakh per year affordable
houses under credit-linked subsidy scheme by extending it to March 2021
• 2.5 lakh middle-class people to get benefited through this move
• Initial working capital of Rs 10,000 will be given to each street vendor
• FM announces Rs 5,000 crore easy credit for all street vendors. 50 lakh street vendors can
avail of the Rs 5,000 crore special credit facility
• Government will provide Interest subvention of 2% for prompt MUDRA-Shishu Loans payees
for a period of 12 months
• This will give relief of Rs 1500 crore to MUDRA-Shishu loan takers
8. • Government trying to work on various factors. Some are:
• Trying for equal wage at national level for national floor rate wage. Every states will have
same wage for labourer.
• Scheme for ESIC benefits to companies having 10 employees
• ESIC benefits for workers in hazardous condition
• Gratuity for all permanent employees
• 14.62 crore man days of work has been increased. 2.33 more wage seekers can be engaged
• Wage rate for MNREGA workers has also been increased from Rs 182 to Rs 202
• 14.62 crore person-days of work generated till 13th May 2020. Actual Expenditure till date is
around Rs 10,000 crore
• Government released Rs 11002 crore of its contribution in advance to all States on 3rd April
• MNREGA offering work to 2.33 crore wage seekers in 1.87 lakh Gram Panchyats as of May 13
• Working capital limit of Rs 6,700 crore sanctioned for procurement of agriculture produce to
state government entities since March 2020
• 3 crore farmers with agricultural loans of Rs 4.22 lakh crore availed benefit of 3 months loan
moratorium
9. THIRD PHASE
• The third tranche of the measures worth Rs 1.5 lakh crore focused on the agriculture
and allied sectors including dairy, animal husbandry and fisheries as the government
announced steps to strengthen the overall farm sector.
• Sitharaman announced Rs 1 lakh crore agriculture infrastructure fund for farm-gate
infrastructure including using it for setting up cold chains and post-harvest
management infrastructure.
• Other key announcements made by the minister included Rs 20,000 to be provided to
fishermen through Pradhan Mantri Matsya Sampada Yojana, and Rs 10,000 crore to
formalize micro food enterprises.
• “This will be a cluster-based approach, with which, local value-added products can
reach global markets,” the minister had said. Rs 4,000 crore for herbal cultivation, a Rs
15,000 crore Animal Husbandry Infrastructure Development Fund, Rs 500 crore for
bee-keeping related infrastructure development were other packages announced by
the minister.
10. • Some highlights of phase three are:
• A facilitative legal framework will be created to enable farmers for engaging with processors,
aggregators, large retailers, exporters in a fair and transparent manner: FM Nirmala
Sitharaman.
• A central law will be formulated to provide adequate choices to the farmers to sell produce
at an attractive price, barrier-free interstate trade and framework for e-trading of agricultural
produce: FM Sitharaman.
• Govt to implement a Rs 500 crore scheme of infrastructure development related to
integrated beekeeping development centres, collection,marketing & storage centres, post-
harvest and value addition facilities; this will lead to an increase in income of 2 lakh bee-
keepers: FM Sitharaman.
• National Medicinal Plants Board will bring 800-hectare area by developing a corridor of
medicinal plants along the banks of river Ganga: FM Nirmala Sitharaman.
• Rs 4000 crore allocated for promotion of herbal cultivation; 10,00,000 hectare will be covered
in the next 2 years: FM Sitharaman.
• FM announces Animal Husbandry Infrastructure Development Fund of Rs 15,000 crore to
support investment in dairy processing.
• FM Nirmala Sitharaman announces Rs 4,000 crore for promotion of herbal cultivation to
bring 10 lakh hectares of land under herbal growing in next 2 years.
11. FOURTH PHASE
• The fourth instalment of the Rs 20 lakh crore package comprised of reforms for sectors
including coal, minerals, defence production, air space management, airports, MRO,
distribution companies in UTs, space sector, and atomic energy.
• Nirmala Sitharaman on Saturday announced easing utilization of the Indian air space to
reduce air travel cost.
• The minister also announced the commercial mining in the coal sector and privatizing
discoms in metros to streamline their functions for better accountability.
• The minister also talked about private participation in the space sector along with coming up
with a policy for private players.
12. • Some highlights of phase four are:
• FDI limit in defence manufacturing sector under automatic route is being raised from 49 per
cent to 74 per cent.
• To ensure time bound defence procurement process and faster decision making, project
management units will be set up to support contract management
• In critical areas like defence we need to boost programmes like Make in India. We shall notify
list of weapons and platforms which shall not be allowed for import but we shall have them
bought from India.
• Power distribution companies in Union Territories will be privatised in line with tariff policy
reforms. This will lead to better service to consumers and improvement in operational and
financial efficiency in distribution
• We will corporatise Ordnance Factory Board to improve autonomy, accountability and
efficiency in ordnance supplies.
• Civil aviation is up for a big leap. We will be able to get to our destination in shortest
possible time saving fuel, time, cost.
• 6 more airports are for auction. Additional investments are likely to happen by private
players.
• Rs 50,000 crore will be spent by government to ensure evacuation infrastructure is being
provided in coal sector.
• We want to remove distinction between captive and non-captive mines to allow transfer of
mining leases.
13. FIFTH PHASE
• In the fifth tranche the government added ₹40,000 crore budget
allocation in the Mahatma Gandhi Rural Employment Guarantee Act
(MNREGA).
• However, according to a financial services company Nomura, the
minimum wage job may be a temporary relief and once the lockdown is
over, urban businesses will struggle with the shortage of labour.
14. • Some highlights of phase five are:
• States have so far borrowed only 14 per cent of the limit which is authorised to them. 86 per
cent of the limit remains unutilised. Centre has decided to increase borrowing limits of states
from 3 per cent to 5 per cent of Gross State Domestic Product (GSDP) for 2020-21: FM
• Centre increases borrowing limits of states from 3% to 5%: FM
• The states have seen a sharp decline in the revenue, we have consistently extended help to
the states. Revenue Deficit Grants to states of Rs 12,390 crores was given on time in April &
May despite Centre's stressed resources; devolution of taxes of Rs 46,038 in April given fully:
FM
• Govt to announce a new public sector policy - a list of strategic sectors requiring presence of
PSEs in public interest will be notified. In strategic sectors, at least 1 enterprise to remain in
public sector but pvt sector to be allowed. In other sectors, PSEs to privatised: FM
• Debts due to COVID19 will not be included in the category of 'default': Finance Minister
• Timely action was taken during COVID19 to reduce compliance burden under various
provisions of Companies Act. Board meetings were allowed to be online, rights issues can be
done digitally, major reform in corporate governance: Finance Minister Nirmala Sitharaman