To jump on the bandwagon of "Nationalism" by trending #BoycottChineseProducts is complete buffoonery & idiocracy.

Boycotting is not a SOLUTION for the Indian industries/ manufacturers/retailers who depend on or sell Chinese imports.

It's a economic suicide.

(THREAD) First provide adequate ALTERNATIVES so that they can survive if U start boycotting.

Stop hindering our economy by such petty hashtags.

#AtmaNirbharBharat is not Boycotting, it is first to achieve SELF RELIANCE & SELF SUFFICIENT goals, then boycott whomever u want.

Today's FM announcements were focused towards govts intention for structural and sectoral reforms for #AtmnirbharEconomy.

Coal
Mineral
Defence
Civil Aviation: Airports, MRO
Electricity sector
Social Infrastructure
Atomic sector
Space

[THREAD]

#AatmaNirbharBharatAbhiyan Legislative Reforms needed for #AtmaNirbharEconomy:

MSME Act
ECA Act
APMC Act
Coal Mines Act
Mines & Minerals Act
Mines & Collieries Act
Electricity Act
Aircraft Act
AAI Act

Only INTENTS no clarification on LEGISLATIVE IMPLEMENTATION yet.

The Economic package for Self-Reliance (#atmanirbharbharat) amid covid:-

Announced package - ₹20lakh cr
Already announced PMKGY - ₹1.7lakh cr
RBI liquidity announced - ₹6.5lakh cr

11.5 lakh cr NEW packages to be announced by #NirmalaSitharaman

(THREAD) ₹3 lakh cr loan package, ₹50k cr equity infusion and ₹20k subordinate debt(NPA) relief for #MSMEs are great announcements.

But only 33% MSMEs take credit from formal sector(Banks&NBFCs), 66% take it from informal sectors.

Will this reduce NPA in formal sector by MSMEs??