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FM begins 5th and last tranche of economic package announcement by quoting PM Modi's recent remarks on self-reliant India on "land, labour, liquidity & laws."

#atmanirbhar
7 measures today in 5th tranche

1. MNREGA
2. Health - rural & urban
3. Businesses
4. Decriminalization of Companies Act.
5. Ease of Doing biz
6. PSU
7. Resources for state govt's

#atmanirbhar
#EconomicPackage
●MNREGA allocation for FY21 increased by an additional Rs 40,000 Cr from earlier budget estimate of 60KCr
●Public expenditure on health & related activities will be hiked
●Public health labs to be set up in all Blocks across India with PPP model as well.
#atmanirbhar
●PM e-Vidya programme for school education. One TV channel per class. E-content for visually and hearing impaired children.

●Top 100 universities to be allowed to start online learning by May 30, 2020. (Budget mention)

#atmanirbhar
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Siddharth Zarabi
@szarabi
Insolvency & Bankruptcy Code:BIG
●Debts related to #Covid_19india will be excluded from default under IBC
●No fresh insolvency proceedings for 6 months (1yr)
●Special insolvency framework for MSMEs u/a 240A
●Minimum threshold for MSME insolvency raised to Rs 1Cr via Oridnance
●Most sections in Companies Act related to technical violations to be decriminalized

●Amendments via Ordinance to drop 7 compoundable offenses + 5 others.

#atmanirbhar
Details of IBC and Cos Act.
Read 11 tweets
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Siddharth Zarabi
@szarabi
#AtmaNirbharBharatPackage
FM says:
4th package focusses on measures for self-reliant India.
☆"We are not looking inwards. Its about making India strong to face global challenges."
☆"Policy simplification, decongesting sectors for necessary growth boost. Deep systemic reforms".
FM says not a single phone call to banks (from anyone in govt) seeking loans for someone since 2014.

Structural reforms is focus of 4th economic package.

#atmanirbharbharat
#AtmaNirbharBharatPackage
BIG MOVES!

FM says reforms to be carried out in:

1. Coal
2. Minerals
3. Defence Production
4. Airspace management
5. Airports
6. Aviation MRO
7. Power discoms in UT's
8. Atomic Energy

#AtmaNirbharBharatAbhiyaan
#atmanirbharbharat
Read 19 tweets
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Siddharth Zarabi
@szarabi
Fascinating details from a Reliance Industries (RIL) corporate presentation on the behemoth.
Thread on highlights from "New Reliance for a New India" for investors feeling left out after recent Jio deals with FB etc (the prospects of great returns will be tantalizing).
(1/2)
RIL's Oil-to-Chemicals (O2C) is world class platform & most profitable biz. Past investments make O2C biz future-proof.
Consumer biz rapidly scaled up to mkt leadership in 5 years, with 2x EBITDA growth. $23.4bn cash & equivalent.Imprvd cash flow gen=greater shareholder benefits.
RIL says re-rating of stock to continue with increasing share of consumer businesses in earnings.
Digital platforms & ecosystems being created by Jio will be primary drivers of growth, "company best placed to capitalize on India's massive growth opportunity".
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