InvestorQ : What were the highlights of the stimulus announced by Finance Minister Nirmala Sitharaman on the fourth day?
Riya Dwivedi made post

What were the highlights of the stimulus announced by Finance Minister Nirmala Sitharaman on the fourth day?

Answer
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rhea Babu answered.
5 months ago


On the penultimate day of the post-COVID reforms announcements shifted focus to more structural areas like foreign investments and Make in India.

· Government will permit research into setting up of atomic reactors via public-private partnerships (PPP). It will be drawn into the start-up ecosystem.

· Planetary exploration and space travel to be opened to the private sector. They can use can use ISRO facilities for research support.

· As a starting step, the power distribution companies in union territories will be privatised. States will wait and focus on making power viable.

· Create a global hub for aircraft maintenance, repair, overhaul (MRO) in India. Tax regime for MRO will also be rationalised.

· Only 60% of Indian airspace is freely available. Such restrictions on utilisation of air space to be eased so that civilian flying becomes more efficient.

· Coal will no longer be a government monopoly as government shifts to commercial mining in coal sector with through revenue sharing mechanism.

· FDI limits in defence manufacturing to be increased from 49% to 74%. Ordnance boards to be listed on stock exchanges as corporate entities.

On Sunday, 17th May, the FM will announce the last tranche of the economic package; hopefully with a focus on exports.