New Delhi: Union Finance Minister Nirmala Sitharaman on Sunday announced the fifth and final tranche of the Rs 20 lakh crore economic package amdst the coronavirus cisis.
The minister announced the release of Rs 15,000 crore as support to healthcare besides ensuring an insurance cover of Rs 50 lakhs per person.
👉This will give states extra resources of₹4.28 lakh crore: FM
👉Centre has decided to accede to the request and increased borrowing limits of states from 3% to 5% for 2020-21
👉States have so far borrowed only 14% of the limit authorised but 86% of the authorised borrowing remains unutilised.
👉Revenue deficit grants to states worth₹12,390 crore given on time in April and May, despite Centre’s stressed resources.
👉Devolution of taxes worth ₹46,038 crore in April was given fully as if Budget estimates were valid, even though actual revenue shows unprecedented decline from Budget estimates.
👉Number of PSUs in strategic sectors will be maximum four. Others will be privatised or merged.
👉In certain sectors, PSUs will be privatised.
👉New policy to broadly categorise strategic sectors
👉Public sector enterprise policy: All sectors will be open to private sectors also while PSUs will play an important role in defined areas.
👉Lower penalties for all defaults for small companies, one-person companies, producer companies and start-ups.