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The value of defence production has crossed the figure of Rs 1 lakh crore for the first time ever during financial year 2022-23. Centre has taken several policy initiatives in the past few years and brought in reforms.
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The Ministry of Defence has announed that as a result of the consistent efforts, the value of defence production in Financial Year (FY) 2022-23 has crossed the figure of Rs 1 lakh crore for the first time ever.
It was rightly expected that this budget will focus on revitalizing MSMEs. The following are the key highlights of the Union Budget 2023 to achieve this goal.
Odisha has taken up various developmental initiatives for the development of MSMEs
V. Anantha Nageshwaran, Chief Economic Advisor, participated in an interaction meeting with business and academic leaders organized by Swadeshi Jagaran Manch
Listing many positive points in the budget the BMS in a press release said that the budget aims to provide ease of living to a large section of people. It is the first time that the ease of living has been emphasized in the union budget which has been continuously demanded by the BMS.
This project will be done in partnership with Russia and reflects the deepening partnership between the two countries in the defence sector.
The Ministry of Finance, has launched various schemes in the past seven years, which have special provisions for empowerment of women. On the occasion of International Women's Day, the Ministry of Finance has shared a statistical insight of the women beneficiaries of the schemes.
COVID-19 pandemic has set countable challenges towards employment in many Indian sectors. ‘Atmanirbharta’ is the concept, which we Indians have adopted in line, it being the traditional thought, also to MSMEs.
Union Minister of State for Defence Shripad Naik believes that developing a strong domestic capability in defence would lead to an increase in economic growth as well as generating employment. His statement came as he was addressing a two-day digital conference on the defence & aerospace manufacturing sector ‘Defence Conclave 2020, Gujarat’ via video conferencing.
Defence Minister Rajnath Singh on Thursday encouraged the MSMEs to make India ‘Atma Nirbhar' (self-reliant) in developing the defence technology and products while acknowledging that defence manufacturing has been adversely affected due to coronavirus pandemic. He also highlighted the measures announced by Finance Minister Nirmala Sitharaman under ‘Aatma Nirbhar Bharat’ scheme.
A day after Prime Minister Narendra Modi announced the 'Aatma Nirbhar package' of Rs 20 lakh crore, Finance Minister Nirmala Sitharaman said that the package ais to spur growth and build a very self reliant India. She said would announce 15 measures- 6 today for micro, small and medium enterprises, PF, HFCs and MFIs, discoms, contractors, real estate and three tax measures.
Union Finance Minister Nirmala Sitharaman Wednesday announced a slew of measures to help businesses, including micro, small and medium enterprises (MSMEs), recover from the economic impact of the coronavirus pandemic. This was a part of the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi a day before to spur growth and help build a self-reliant India. Here, economic expert Ranjeet Natu slates 15 major goods and bads in the context-
Modi-Sitharaman duo are under virtual seize from both ends: Covid-19 War; and the “Stimulus Package” warriors. The majority are aware that limited means are only available to satisfy numerous claimants. Surely, the government machinery is getting all the inputs on a daily basis from all corners of the country.
“States have to decide if they have the fiscal space for farm loan waivers. Any generalised write-off obviously has adverse impact on credit culture and future credit behaviour of borrowers.”, cleared the recently appointed RBI Governor today at a press conference in New Delhi.