{"id":86545,"date":"2020-05-17T22:21:48","date_gmt":"2020-05-17T16:51:48","guid":{"rendered":"https:\/\/factly.forumias.com\/?p=15497"},"modified":"2020-05-17T22:21:48","modified_gmt":"2020-05-17T16:51:48","slug":"finance-minister-announces-4th-tranche-of-economic-measures","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/finance-minister-announces-4th-tranche-of-economic-measures\/","title":{"rendered":"Finance minister announces 4th tranche of economic measures"},"content":{"rendered":"\n<p><strong>News:<\/strong>The Union Finance Minister has announced the 4th economic package under Atma Nirbhar Bharat Abhiyan.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/Dm_R16o3zOmTcl9ckTHljp62LG7uK9klKZBE8smoL6UBFAJw8Xge1MxqO5zVWFCx3ZGfP9_tf6ZB-BdRr_r7yIfTnv2iwuKw3KlyLoEzwMT7gC_CWb740YUbQARdvC5kQjwxeWfz\" alt=\"\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Coal sector:<\/strong><ul><li>Commercial mining will be introduced in the coal sector and the government monopoly in coal mining will be removed.<\/li><\/ul><\/li><li><strong>Defence production:&nbsp;<\/strong><ul><li>Enhancing self-reliance in defence production- Indigenization of imported spares, separate budget provisioning for domestic capital procurement.&nbsp;<\/li><li>FDI limit in defence manufacturing under automatic route will be hiked from 49% to 74%.<\/li><li>Corporatisation of Ordnance factory board.<\/li><\/ul><\/li><li><strong>Civil aviation:&nbsp;<\/strong><ul><li>Restrictions on the utilisation of Indian airspace are going to be eased so that the flying of civilian aircraft becomes more efficient.&nbsp;<\/li><\/ul><\/li><li><strong>Power distribution sector:&nbsp;<\/strong><ul><li>Power distribution companies in the union territories (UT) will be privatised.<\/li><\/ul><\/li><li><strong>Mining sector:&nbsp;<\/strong><ul><li>Structural reforms in the mining of minerals through the introduction of a seamless composite exploration cum mining regime under which 500 mining blocks would be auctioned.<\/li><li>Joint auctions for bauxite and coal mines will be conducted to help the aluminium industry.<\/li><\/ul><\/li><li><strong>Social-infrastructure projects:&nbsp;<\/strong><ul><li>Boosting private sector investment in Social Infrastructure through increased Viability Gap Funding Scheme of upto 30% for each project.<\/li><\/ul><\/li><li><strong>Space sector:&nbsp;<\/strong><ul><li>Privatisation will be introduced for future projects such as planetary exploration and outer space travel.<\/li><\/ul><\/li><li><strong>Atomic energy:&nbsp;<\/strong><ul><li>Government will link India&#8217;s robust start-up ecosystem to the nuclear sector with the setting up of Technology Development cum Incubation Centres.<\/li><li>Government will establish a research reactor in the PPP model for the production of medical isotopes for affordable treatment of cancer and other diseases.<\/li><\/ul><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The Union Finance Minister has announced the 4th economic package under Atma Nirbhar Bharat Abhiyan. Facts: Coal sector: Commercial mining will be introduced in the coal sector and the government monopoly in coal mining will be removed. Defence production:&nbsp; Enhancing self-reliance in defence production- Indigenization of imported spares, separate budget provisioning for domestic capital procurement.&nbsp;&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/finance-minister-announces-4th-tranche-of-economic-measures\/\">Continue reading <span class=\"screen-reader-text\">Finance minister announces 4th tranche of economic measures<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[4107,4111],"class_list":["post-86545","post","type-post","status-publish","format-standard","hentry","category-economy","tag-atma-nirbhar-bharat","tag-economic-package","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704687711},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86545"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86545\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}