November 2020
3:11 AM IST
News Headlines
End of an era: Argentina football legend Diego Maradona dies        Greg Barclay elected ICC's Independent Chair        Have great respect for Indian bowlers but our batsmen have seen them a lot: Langer        Rupee rises 6 paise to 73.95 against US dollar in early trade        Biden seeks swift Cabinet votes, but GOP Senate stays silent        As virus cases spike, financial outlook for world's airlines dims        Nivar makes landfall, weakens into severe cyclonic storm        Senior Congress leader Ahmed Patel passes away at 71        India's COVID-19 caseload goes past 92 lakh; no. of active cases increases by 6,079        Left Govt moves ahead with projects having no central clearances: Chennithala        Kerala Cabinet decides to approach Governor to repeal new ordinance        Kerala reports 5,420 new COVID cases, 5,149 recoveries: CM        Cyclone Nivar : heavy rain lashes Chennai, suburbs, govt holiday today        UP okays ordinance against conversion for marriage, violators face up to 10 yrs in jail        Govts have to work as team to ensure vaccination drive is smooth, sustained: PM Modi        ICC nominates Kohli, Ashwin for Men''s Player of the Decade Award        Rohit, Ishant to miss first two Australia Tests, also doubtful for remaining two: BCCI source        India''s home series against England to feature four Tests instead of five        Odisha pay the penalty as Hyderabad keep first-ever clean sheet        Looking at India squad, Surya could have been there: Brian Lara        
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Kerala News
FM announces measures on Atma Nirbhar Bharat 3.0
New Delhi: As part of efforts to revive the derailed COVID-19-hit economy, the Modi government on Thursday announced the ''Atmanirbhar Bharat 3.0 package'' and ''Atmanirbhar Bharat Rozgar Yojana'' for those, who lost their jobs during the pandemic. Union Minister for Finance and Corporate Affairs Nirmala Sitharaman announced 12 key measures, as part of the Centre''s stimulus to the economy, under the Atma Nirbhar Bharat 3.0. The net stimulus announced today amounts to Rs 2.65 lakh crore. Ms Sitharaman further said the total stimulus announced by the Government and the Reserve Bank of India till date, to help the nation tide over the COVID-19 pandemic, works out to Rs 29.87 lakh crore, which is 15 per cent of national GDP.

Out of this, stimulus worth nine per cent of GDP has been provided by the government. Addressing a press conference here, Ms Sitharaman and Minister of State for Finance Anurag Thakur said that 12 schemes are being announced in this new package. The Finance Minister said that recent figures are showing signs of improvement in the economy. The GST revenue collection has reached Rs 1.05 lakh crore in October, she added. The Minister said that Reserve Bank of India has also indicated positive growth of the economy in the third quarter itself. The stock market is also touching a new record level.

FDI investment has also been positive, she noted. Ms Sitharaman said that Foreign exchange reserves have also reached a record 560 billion dollars. Railways have increased freight by 20 per cent. Bank loan disbursement increased by five per cent in the same sequence.

According to Ms Sitharaman, 10 more Champion Sectors will be covered under the Production Linked Incentives Scheme to help boost competitiveness of domestic manufacturing. This will give a big boost to economy, investment, exports and job creation. She said a total amount of nearly 1.5 lakh crore has been earmarked across sectors, for the next five years. These 10 sectors include Advance Cell Chemistry Battery, Electronic/Technology Products, Automobiles & Auto Components, Pharmaceuticals Drugs, Telecom & Networking Products, Textile Products, Food Products, High Efficiency Solar PV Modules, White Goods (ACs & LED), and Specialty Steel, added the Minister.

She said Rs 10,200 crore additional budget stimulus is being provided for capital and industrial expenditure on domestic defence equipment, industrial infrastructure and green energy. Rs 900 crore is being provided to the Department of Biotechnology for Research and Development of Indian COVID Vaccine, added Ms Sitharaman. The Finance Minister said the workers have benefited greatly from the steps taken under the Atma Nirbhar Bharat. Similarly, efforts to provide relief to farmers have also resulted in good results. She said that 61 lakh people have benefited under the Emergency Credit Line Guarantee Scheme (ECLGS) under the Atma Nirbhar Bharat and now, the duration of this scheme is being extended till March 31, 2021.

According to Ms Sitharaman, Rs 1.52 lakh crore have been disbursed and loans worth Rs 2.05 lakh crore have been approved under the Emergency Credit Line Guarantee Scheme (ECLGS) under the Atma Nirbhar Bharat. The Finance Minster said the Income Tax Department has given a refund of Rs 1.32 lakh crore. ''''Under the Emergency Credit Liquidity Guarantee Scheme, a total amount of Rs 2.05 lakh crore has been sanctioned to 61 lakh borrowers, out of which Rs 1.52 lakh crore has been disbursed,'''' she said.

Explaining the progress of schemes under the Atma Nirbhar Bharat Package, she said 28 states have been brought under the One Nation One Ration Card scheme and around 14 lakh loans have been sanctioned under the PMSVA Nidhi scheme for street vendors. She further said that in a significant demand, booster for the residential real estate sector, the government has decided to make amendments in the Income Tax Act to help home-buyers as well as developers. The Finance Minister said that Rs 65,000 crore fertiliser subsidy will be provided to farmers. Increased supply of fertilisers at subsidised rates will help 140 million farmers, she added.

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Cyclone Nivar : heavy rain lashes Chennai, suburbs, govt holiday today
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