FM brief Eco-biz

Saffron Vision of India, PM Modi intent of India to bring in forefront of top economic power with its strategy in place Last saffron governments under skipper Parmod Mahajan and in Congress too have drawn the National vision with changes here and there in sectors according technology advancements.Work has to some extent been done.

PM Modi India is excellent vision but for briefs by FM tentamounts to its application implementation with fiscal, knowledge technology and requisite skilled of Men Machine Material Money and terms of time being essence of all such vision.

Foreign Direct Investment limit in defence manufacturing under automatic route is being raised from 49% to 74%: Finance Minister Nirmala Sitharaman. #EconomicPackage

Restrictions on the utilisation of Indian Air Space will be eased so that civilian flying becomes more efficient. Will bring a total benefit of Rs. 1000 crores per year for the aviation sector: Finance Minister Nirmala Sitharaman. #EconomicPackage

Atomic Energy-related reforms; link India’s robust start-up ecosystem to the nuclear sector – Technology Development cum Incubation Centres will be set up for fostering synergy between research facilities and tech entrepreneurs: Finance Minister Nirmala Sitharaman.

Airports Authority of India has awarded 3 airports out of 6 bid for operation & maintenance on Public-Private Partnership (PPP) basis. Additional investment by private players in 12 airports in fIrst & second rounds expected around Rs 13,000 crores: FM Nirmala Sitharaman.

India to become a global hub for Aircraft Maintenance, Repair and Overhaul (MRO). The tax regime for the MRO ecosystem has been rationalized. Aircraft component repairs and airframe maintenance to increase from Rs 800 crores to Rs 2000 crores in 3 years: FM Nirmala Sitharaman.

The private sector will be allowed to use ISRO facilities and other relevant assets to improve their capacities. Future projects for planetary exploration, outer space travel, etc. to be open for the private sector: Finance Minister Nirmala Sitharaman.

Indian private sector will be a co-traveller in India’s space sector journey. Will provide a level-playing field for private companies in satellites, launches & space-based services: Finance Minister Nirmala Sitharaman.

We are going to focus on 8 sectors today – Coal, Minerals Defence Production, Airspace management, MROs Power distribution companies, Space sectors, Atomic energy: Finance Minister Nirmala Sitharaman #EconomicPackage

Govt will introduce competition, transparency, and private sector participation in the Coal Sector through revenue sharing mechanism instead of the regime of fixed rupee/tonne: Finance Minister Nirmala Sitharaman. #EconomicPackage

Diversified opportunities in the Coal Sector, investment of Rs. 50,000 crores: Finance Minister Nirmala Sitharaman. #EconomicPackage

The investment of Rs. 50,000 crores is for the evacuation of enhanced CIL’s (Coal India Limited) target of 1 billion tons of coal production by 2023-24 plus coal production from private blocks:

Rationalisation of stamp duty payable at the time of award of mining leases: Finance Minister Nirmala Sitharaman.

MakeInIndia’ for self-reliance in defence production – we will notify a list of weapons/platforms for ban on import with year wise timelines. There will be indigenisation of imported spares: Finance Minister Nirmala Sitharaman. #EconomicPackage

The structural reforms being announced today will impact those sectors which are new horizons of growth, unleashing new investment, boosting production and creating jobs: Finance Minister Nirmala Sitharaman #EconomicPackage

Schemes will be implemented in states through challenge mode for Industrial Cluster Upgradation of common infrastructure facilities and connectivity: Finance Minister Nirmala Sitharaman

PM has very strong record in taking up deep systemic reforms. Direct Benefit Transfer enabled giving money directly to people, GST brought in One Nation One Market, IBC resolved insolvency issues, ease of doing business step.

Incentive schemes for the promotion of New Champion Sectors will be launched in sectors such as Solar PV manufacturing; advanced cell battery storage etc.: Finance Minister Nirmala Sitharaman.

Many sectors need policy simplification, to make it simpler for people to understand what sector can give, participate in activities & bring transparency. Once we decongest sectors, we can boost the sector, for growth and jobs: FM Nirmala Sitharaman

PM had said that we should prepare for tough competition. When we speak of #AatmaNirbharBharat, we are not looking inwards, it is not isolationist policy, it is making India rely on its strengths, ready to face global challenges: FM

Today’s announcements focussing on structural reforms in new sectors, where growth is possible and employment is generated: Finance Minister Nirmala Sitharaman

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