Atma Nirbhar Bharat
Atma Nirbhar Bharat economic budget pack released by Finance minister Nirmala sitaraman, After Garib Kalyan package, with the leading of pm Narendra Modi To make Selfreliant India and manage the Economic activity of India.
Pm successfully reached weaker section people and confessed that Three sections are Farmer, labor, and poor, And the whole nation should stand for them. Hence, a package of 20lakh crore has announced by him to make Self-reliant India
Japan released a 21% package of its GDP which is 1st place. A 13% relief package launched by America from their GDP comes under 2d position. 3rd position Sweden stands with 12% of GDP. With the whole GDP of 10.7% in Germany standing in 4th position. With the package of 10% GDP pm Modi Announced 20 lakh crore package in India with the 5th position.
According to pm Modi, The weaker sections had shown their patience and struggle to fight against coronavirus lockdown session.
Go Vocal For Local
On 12 may Prime minister Narendra Modi proclaimed to Indians for buying a local and traditional product and brands.
According to him, covid19 taught us that we must make local the mantra of our lives.
The Atmanirbhar Bharat Abhiyan will be placed on 5 pillars locating toward the nation. Shri Narendra Modi appeal to render India self-reliant. 5 pillar that is Economy, Infrastructure, Technology-driven system, Vibrant demography, and Demand.
Economy: Economic structure should, not only bring incremental change but also bring quantum jump to about country 🇮🇳 .
Infrastructure :
Infrastructure should be modern and sound good to build modern India.
System:
The system of the country should be introduced newly based on the Economy and desire of the nation for this time.
Demography:
The largest Democracy in the nation is the power flow of Self-reliant said by Narendra Modi
Supply Chain:
This demand cycle chain should be used to strengthen and cyclic process
1.74 Lak crore was announced already by Nirmala sitaraman from Reserve bank.
New investors will be relaxed from taxes for 10 years.
Indian government relief $ 50 crore for New investors to launch their company for 10-year tax-free. They should finalize their startup between 3 years. The company which invests about $10 crore will be relaxed for 4 years. The corporate tax will be 10% for 6 years.
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