Modi Govt New Announcement for India
New Definition of MSME as Per prime Minister of Indian Mr Narendra Modi & Finance Minister Nirmala Sitharaman ?
Modi Govt New Announcement for India
*Statement 1.*
*Five pillars:*
1. Quantum jump in economy
2. Infrastructure
3.Tech driven system
4. Vibrant demography
5 Demand and supply chain to meet the same.
*Statement II*
Economic package to make India self sufficient - 20 lakh crore (10% of GDP) to support economy.
*"20 lakh cr in 2020"*
*Land, Labour, Liquidity, Law* focus for liquidity package. Focus SME and MSME.
*Statement III*
Finance minister to give more information over few days.
*Statement IV*
Reform now to expand to Agri and Allied related
Rationale tax system
Infrastructure
Human resources
Financial system
*Statement V*
Self reliance is key and India should play a large role in global supply chain. Ensure efficiency and quality of produce.
*Statement VI*
Need to make global brands - from *local to global* and hence to be vocal about local (propogate local produce).
*Statement VII*
Corona may remain with us and our life will not remain restricted by it. We will wear mask, social distance.
*Lockdown 4.0* new way of life. It will be released before May 18. Likely opening with rules.
*Summary*
Make India self reliant and commit to do so.