20 lakh crore package and other pro business announcement, when announced, appeared like a mirage; however, the experience was quite different and touching!
Government-backed Make in India, Software Technology Park Scheme, Electronics Development Fund Policy, Atal Tinkering Mission and many more such plausible initiatives are already in place. But is it still enough? Is this emotional patriotic impulse enough to sustain?
Nitin Gadkari - a highest-ranking cabinet minister said Covid-19 is the blessing in Disguise, which insights that the medium and long term picture of New Delhi would be completely different.
Indian economy is in much better shape today than what it was in 1991 when a balance of payment crisis loomed largely and there was a chance that India might default on the payment of its external debts.
We might need a new parameter, like metric system to define economic development and all the terms associated with it, which can be understood by anyone.
After a tsunami of "Aatamnirbhar" memes I think it's really important to take a deeper look into the subject and see how it is going to play out in the current Global crisis.
जिन क्षेत्रों में संस्थागत, नीतिगत और निवेश आधारित सुधारों की बात की गई है वो सभी अति महत्व के क्षेत्र हैं। जहाँ एक ओर कोयला, खनिज और ऊर्जा क्षेत्र रोजगार निर्माण एवं अवसंरचना विकास के लिए महत्वपूर्ण हैं वहीं अंतरिक्ष, परमाणु और उड्डयन जैसे क्षेत्र भारत की आत्मनिर्भरता के लक्ष्य में महत्वपूर्ण भूमिका निभा सकते हैं।
The low threshold limit in the old definition of MSMEs averts companies from expanding further, which also stops them from enjoying the benefits that are accorded to them by the law. With the emended definitions of MSMEs, they will not have to worry about growing their size and can still avail benefits.