Thursday, Nov 12 2020 | Time 23:51 Hrs(IST)
image
  • Pilot infected with COVID-19
  • DDC Polls: 2473 nominations filed for Phase-I
  • Forest fires continue in HP, even post monsoon
  • FM announces measures on Atma Nirbhar Bharat 3 0
  • BJP hijacked election to get into power through backdoor: Tejaswi
  • Ideology should never be put before national interest: PM
  • Urgent need to look for sustainable solutions to control air pollution; Multiple waves of Covid-19 across India
  • Find out health status of activist Varavara Rao through medical examination, HC to Maha Govt
  • Aatmanirbhar Bharat 3 0 to push job creation & stronger recovery of economy: ASSOCHAM
  • ULFA-I leader’s surrender will bring peace in Garo Hills, says Meghalaya CM
  • ACM Bhadauria reviews infrastructural development at South Western sector
  • Raise your 'Dhaai Kilo Ka Haath' in favour of beleguered farmers: Min
  • Will review Bihar poll debacle: Congress
  • INS Airavat delivers 50MT food items to Djibouti
  • COVID-19: Toll in Bengal rises to 7,506, cases touch 4,20,840
Business EconomyPosted at: Nov 12 2020 10:02PM


Aatmanirbhar Bharat 3.0 to push job creation & stronger recovery of economy: ASSOCHAM

Kolkata, Nov 12 (UNI) Government’s continuous support and the new announcements under
the Aatmanirbhar Bharat Yojana 3.0 will make the road to recovery post-pandemic stronger
and facilitate and incentivize job creation, and provide much relief and impetus to housing and infrastructure sector,” said Dr Niranjan Hiranandani, President ASSOCHAM reacting to the announcement of the 7th major stimulus package after pandemic by the Union Finance Minister,
Nirmala Sitharaman in New Delhi.
“It is a good Diwali gift from the government,” he said. FM announced 12 measures to counter
the effects of Covid pandemic lockdown on the economy and people.
“Strong growth and an increase in demand have propelled the economy on a rebound. “The
effects of previous announcements Aatmanirbhar Bharat Abhiyaan 1.0 & 2.0 are evident by the
RBI’s prediction of a strong likelihood of economy returning to positive growth in Q3 rather
than Q4 earlier by the quarter,” he said.
“The measures announced by today is a kind of relief the infra and housing industries were
looking forward to. It would certainly push the sluggish demand in the housing sector and will
also address the issue of unsold inventory in the sector. The announcement will also push the infrastructure sector out of the doldrums. The tax relief will take some pressure off the end-user
and also the provider,” exclaimed Dr Hiranandani.
“The additional outlay of Rs 18000 crore for PMAY over and above the budget estimate will
help lakhs of Indians in the urban and semi-urban area to fulfil their dream of a home in such a
dire situation,” he said.
Dr Hiranandani believes that by providing fertilizer subsidy of Rs 65,000 crore to farmers and
Rs 900 crore for the research and development and of Covid vaccine, the government has once
again proved that it does not let go of the focus on the core issues while taking care of the rest
of the problem.
“The total stimulus provided by the Government and RBI is 15 per cent of the GDP which is
been our demand and suggestion right from the beginning,” he reiterated. So far the government
has announced Rs. 29.87 lakh crore stimulus packages in 7 instalments since the Covid lockdown.
UNI XC BM
Tags: #Aatmanirbhar Bharat 3.0 to push job creation & stronger recovery of economy: ASSOCHAM
More News

Norwegian Cruise Line Launches 'EMBARK - The Series'

12 Nov 2020 | 11:01 PM

LONDON, Nov. 12, 2020 /PRNewswire/ -- Norwegian Cruise Line, today announced a new docuseries, "EMBARK – The Series," inviting the public to experience the Brand and enjoy a front row seat to its highly-anticipated comeback.

see more..
Dr Reddy Lab launches Succinylcholine Chloride injection in US market

Dr Reddy Lab launches Succinylcholine Chloride injection in US market

12 Nov 2020 | 10:50 PM

Hyderabad, Nov 12 (UNI) Dr Reddy’s Laboratories Ltd on Thursday announced the launch of Succinylcholine Chloride Injection USP, 200 mg/10 mL (20 mg/mL), Multiple-Dose Vials a therapeutic equivalent generic version of Quelicin® (Succinylcholine Chloride) in the US market.

see more..

Urgent need to look for sustainable solutions to control air pollution; Multiple waves of Covid-19 across India

12 Nov 2020 | 10:06 PM

Kolkata, Nov 12 (UNI) There is an urgent need to look for sustainable solutions and be more
aggressive towards controlling air pollution, more so during this year because with Covid-19
pandemic being around and still showing an increase in the number of cases, it can lead to a
huge burden of disease if both of them get combined, All India Institute of Medical Sciences
(AIIMS) director, Dr Randeep Guleria said in an ASSOCHAM webinar on Thursday.

see more..

Aatmanirbhar Bharat 3 0 to push job creation & stronger recovery of economy: ASSOCHAM

12 Nov 2020 | 10:02 PM

Kolkata, Nov 12 (UNI) Government’s continuous support and the new announcements under
the Aatmanirbhar Bharat Yojana 3.0 will make the road to recovery post-pandemic stronger
and facilitate and incentivize job creation, and provide much relief and impetus to housing and infrastructure sector,” said Dr Niranjan Hiranandani, President ASSOCHAM reacting to the announcement of the 7th major stimulus package after pandemic by the Union Finance Minister,
Nirmala Sitharaman in New Delhi.

see more..

American Airlines completes transition to digital Global Cargo Business with IBS Software’s iCargo solution

12 Nov 2020 | 8:17 PM

Thiruvananthapuram, Nov 12 (UNI) American Airlines Cargo continued the modernization of its business with the deployment of the iCargo Mail business capability, completing the implementation of all key modules in IBS Software’s iCargo platform.

see more..
image