आत्मनिर्भर भारत अभियान -V
(Self-Reliant India Movement -V)
Today’s steps will focus on these seven areas:
- Health and Education
- Businesses and Covid
- Decriminalization of Company’s Act
- Ease of doing business
- Public Sector Enterprises and related matters
- State governments and resources related to state governments.
- Land, Labour, Liquidity and Laws have all been emphasized in Aatma Nirbhar Bharat Package. The crisis and the challenge is an opportunity to build a Self Reliant India.
- Aatma Nirbhar Bharat Package used technology to do direct benefit transfer to people, we could do what we did because of the initiatives taken during the last few years
- One-time transfer of ₹ 2,000 has reached 8.19 crore farmers, total amount ₹ 16,394 crore
- NSAP beneficiaries got ₹ 1,405 crore in first installment and ₹ 1,402 crore in 2nd instalment, target of ₹ 3,000 crore nearly achieved
- Health-related steps
- Rs 15,000 crore was released by the PM,
- insurance cover of Rs 50 lakhs per person for health professionals,
- made sure telemedicine comes into play,
- capacity building exercises have been taken up,
- for protection of health care workers, amendment of Epidemic Diseases Act was required which was undertaken,”
- Rs 15000 crore announced for states, essential items and testing labs and kits along with rolling out of tele-consultation services,
- launch of Arogya Setu app and protection to health care workers with adequate PPEs.
- Education – related steps:
- 200 new Textbooks Being Added to E-pathshala
- Online education is being taken up in a big way.
- Another 12 channels will be added.
- It will be a great help to students in rural areas
- Shramik special trains were started when it was possible for workers to move, states were requested to bring workers to stations, 85% cost was borne by the Central government.
Corporate Law Measures for Ease of Doing Business
Timely action was taken during #COVID19, to reduce compliance burden, under various provisions of #Companies Act:
These amendments will be brought through an ordinance
- Board meetings were allowed to be online,
- rights issues can be done digitally,
- Rationalization of RPT related provisions
- 44% recovery has been achieved since inception of Insolvency and Bankruptcy Code
- No fresh IBC Proceeding for 1 year – Fresh initiation of insolvency proceedings up to one year;
- Debts due to COVID19 will not be included in the category of ‘default’
- Section 240A of IBC will be notified for MSME – Special Insolvency Resolution Framework
- Decriminalize of Provisions of Companies Act – Decriminalization of companies act defaults involving minor technical and procedural violations
- Internal Adjudicating Mechanism for Compounding of Offences – Majority of the compoundable offences sections to be shifted to internal adjudication mechanism and powers of RD for compounding enhanced
- Seven compoundable offences altogether dropped and 5 to be dealt with under alternative framework
- companies to directly list their securities in foreign jurisdiction
- Private companies which list non-convertible debentures (NCDs) on stock exchange not to be regarded as listed companies
- Power to create additional / Specialized benches for NCLAT
- Provisions related to Producer Company (Part IX of Companies Act, 1956) included in Company Act 2013
- Lower Penalties for default done by Small / OPC / Producer/ Start Up Companies.
- Rs 40,000 crores increase in allocation for MGNREGA to provide employment boost.
- Will help generate nearly 300 crore person days in total
- Tech-driven Education with Equity Post Covid-19:
- PM eVidya: A program for multi-mode access to digital education to be launched immediately, consisting of:
- Top 100 universities will be permitted to automatically start online courses by 30th May
- DIKSHA for school education in states and union territories, e-content and QR coded textbooks for all grades
- Special digital content for Divyang children
Public Sector Enterprise Policy:
The government will announce a new policy whereby:
- In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed
- In other sectors, PSEs will be privatized
- States have so far borrowed only 14% of the limit authorized, 86% of the authorized borrowing remains unutilized.
- Revenue Deficit Grants to states of Rs 12,390 crores was given on time in April & May despite Centre’s stressed resources; devolution of taxes of Rs 46,038 in April given fully