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Showing posts with the label public sector units

Financial Stimulus Package - for Capitalists

For First, Second and Third tranche See: Twenty lakh crores stimulus package – such a big number The Indian Finance Minister announced the final Fifth tranche of the Atmanirbhar Bharath Abhiyaan Stimulus package on May 17. She has announced many sectoral reforms in her fourth and fifth tranche announcements. Also, she gave the breakup for 20 lakh crores including liquidity, credit guarantee and direct spending. What is the urgency for the sectoral reforms during this pandemic? Does the package is really capable of reviving the economy and helping the situation of distress experienced by the poor, migrant workers etc? Reforms in the core sectors FM announced reforms for the 8 core sectors of the economy in the fourth tranche of the financial stimulus package. The core sectors include Atomic energy, space, Defence, Ordinance factories, Power distribution companies, civil aviation, Minerals and Coal. FM announced there will be Public-Private Partnership in Atomic energy, space and civ...