Finance Minister Nirmala Sitharaman can make big announcements: Detailed information is being given for two days after PM Narendra Modi announced an economic package of Rs 20 lakh crore to revive the economy in the wake of Kovid-19. Finance Minister Nirmala Sitharaman will present this package in different installments daily till Sunday. He announced the second installment on Thursday. On Thursday, he announced mainly for migrant laborers, poor, small and marginal farmers. Let us know that in the third installment today, the Finance Minister will announce a section of the economy.
Emphasis on sectoral concessions
The central government will focus exclusively on sectoral concessions in the third installment of the Fiscal Stimulus package. Under this, concessions will be announced for different sectors. The central government can make a special announcement for the fisheries industry on Friday.
Big announcement possible for the fisheries industry
It is expected that ‘Pradhan Mantri Matsya Sampada Yojana’ will be announced for this area today. 20,000 crores can be allocated under this scheme. Apart from this, the emphasis of the central government will also be on marine and deep-sea fishing. It is possible that for inland fishing, aquaculture, the central government will announce to provide subsidy and capital works. For this, also announce to provide loans at a cheaper rate.
Apart from all these, some big announcements can also be made regarding the infrastructure sector in today’s press conference about the economic relief package. In this, funds can be allocated for different areas.
Relaxation in foreign investment rules possible
Some big announcements can also be made regarding sectoral reforms. It is possible that the central government may announce reforms in those sectors in which laws have been in place for years, but there has been no change in them over time. An important thing will also be that exemption can also be announced in the rules of foreign investment.
Who was given relief in the first two days
Explain that in the announcement of the first day, the central government had announced mainly for medium, small and micro industries. For this, the central government had announced liquidity for discoms and non-banking financial companies. In the announcement of the second day, the government made many big announcements to the migrant laborers for free, from two months of grain to small and marginal farmers. This included the announcement to provide interest loans at a discounted rate through One Nation One Ration Card to Kisan Credit Card.