Union Finance Minister Nirmala Sitharaman is currently addressing a press briefing today.
Below are the key highlights:
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Union finance minister Nirmala Sitharaman during her press briefing said that the Indian recovery is in a state of a strong recovery. The energy consumption trended higher in October at 12% yoy, she said.
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Sitharaman also added that the Goods and Services Tax (GST) collections for October grossed at 1.05 lakh crore- 10% yoy.
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Improved manufacturing PMI -- at decade high -- shows it's not just pent-up demand in the economy, says FM
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Markets are at record high with record m-cap; FDI inflows are up 13% yoy, says FM Sitharaman
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There is a strong recovery in the economy; Covid cases, fatality rate easing: FM Sitharaman
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FM Nirmala says One-nation-one-ration card is now in 28 states & union territories’. Adds that 68.6 Cr beneficiaries now availing ration from shops in 28 states & UTs.
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Some of the announcements made in AatmaNirbharBharat 1.0 are seeing good progress: FM
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2.5 cr farmers have been served through Kisan Credit Cards. Rs1.43 lakh cr was distributed in two phases via Kisan Credit Cards: FM
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Rs7,227cr has been disbursed to non-banking finance companies and housing finance companies as special liquidity, says Finance Minister Nirmala Sitharaman
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61 lakh borrowers have sanctioned loans worth Rs2.05 lakh crore under Emergency Credit Linked Guarantee Scheme, says Finance Minister Nirmala Sitharaman
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Govt announces Atmanirbhar Bharat Rozgar Yojana. Aatmanirbhar Bharat Rozgar Yojana will incentivise the creation of new jobs, says FM.
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Govt to announce 12 measures under Atmanirbhar Bharat 3.0, says FM Sitharaman.
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Under liquidity injection for discoms, Rs118,273cr worth of loans has been sanctioned to 17 states: Finance Minister Nirmala Sitharaman.
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Rs25,000cr has been disbursed through NABARD for additional emergency working capital funding for farmers: Finance Minister Nirmala Sitharaman.
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Atmanirbhar Bharat Rozgar Yojana scheme will be operational for the period from Oct 1, 2020, to June 2021, FM says
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Govt extends Emergency Credit Liquidity Guarantee Scheme till March 31, 2021, Nirmala Sitharaman said.
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Govt to set aside Rs 900 cr for Covid-19 vaccine R&D
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Govt outlays Rs 10,200 crore for capital and infra spends as additional budget spends, says FM
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Rs 3,000 crore to be given to EXIM bank to promote exports through lines of credit under IDEAS scheme, says FM
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Govt to spend additional Rs 10,000 cr on PM Gareeb Kalyan Rozgar Yogana
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Govt to spend Rs 65,000 cr on subsidies for fertilisers
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Govt to provide Rs 6,000 crore of equity to NIIF. By 2025, they will have to fund projects worth Rs 1,10,000 crore
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Differential allowed between agreement value and circle rate has been increased from 10% to 20% till June 30, 2021.
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Govt cuts performance security on contracts to 3% from 5% for ongoing PSU projects, says FM
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Govt expands PM Awas yojana (Urban). Rs 18,000 crore to be provided over and above the Budget announcement to help 1.2 million houses be grounded and 1.8 million houses be completed.
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