Live Updates: FM Nirmala Sitharaman’s Third Tranche Of Economic Stimulus

Finance Minister Nirmala Sitharaman is set to outline the third tranche of the economic stimulus. Here is the live blog.

LIVE Feed

May 15, 2020, 5:16 pm IST

Govt. Clarified On Tax Refund

Sitharaman said that the government is not sitting on the taxpayers money and will issue them immediately.

May 15, 2020, 5:14 pm IST

Standard mechanism for predictable pricing

Legal framework so as to enable farmers in setting their own price. Before sowing, assured price return quantity for farmers. To enhance opportunities to sell and availability of farming technology.

May 15, 2020, 5:05 pm IST

Central law for farmers to enable them to sell their produce across states.

E-trading platform for produce to be facilitated. Inter-state trade to be made possible without any barrier. Right now, farmers are bound to sell agricultural products only to licensees in APMCs. Such restriction of sale is not there for any industrial produce. This restriction results in hindrance in the free flow of agricultural produce. It also results in less price realisation for farmers. - FM Sitharaman

May 15, 2020, 4:54 pm IST

Essential Commodity Act Amended

The Act has been amended by degulating it. No stock limit will be applied for food processors.

May 15, 2020, 4:52 pm IST

Operation Green

For supply chain that have been disrupted by the lockdown Rs. 500 crores will be granted. Includes all perishable items 50% subsidy on transport There will be subsidy on storage of 50%. The scheme shall run as a pilot project for initially 6 months. And once the pilot plan is cleared, the plan shall be extended.

May 15, 2020, 4:48 pm IST

Rs. 500 crore for Bee-Keeping

The scheme will benefit 2 lakh keepers for their bee-keeping initiatives. Production of wax to be encouraged.

May 15, 2020, 4:46 pm IST

Promotion of herbal cultivation

Rs 4,000 crore to be allocated for this scheme. Under herbal cultivation up to 10 lakh hectare will be brought This is expected to result in the generation of Rs 5,000 crore income for farmers 800 hectares will be allocated alongside Ganga river for growing herbal and medicinal plants.

May 15, 2020, 4:44 pm IST

Animal Husbandry Infrastructure Fund

Rs 15,000 crores fund to be created. For dairy infrastructure and cattle feed infrastructure This shall incentivise private investments.

May 15, 2020, 4:40 pm IST

National Animal Disease Programme

Rs 13,343 crore have been earmarked for the programme. Will ensure 100% vaccination of cattle, buffalo, sheep and pigs against foot and mouth disease (FMD): Sitharaman

May 15, 2020, 4:36 pm IST

Logistics for marine and inland fisheries activities under PMMSY

Rs 20,000 crore fund to be created. 55 lakh people will get employment in in the sector. And this would likely contribute to India's exports Rs 1 lakh crore Will help in formulating better standards, new fishing vessels, harbours, insurance for person and boats. It is to empower people to make a livelihood for themselves. Making sure India is helped to stand on its own: Sitharaman

May 15, 2020, 4:30 pm IST

Rs. 10000 Crore For Micro Food Enterprises

This scheme shall be cluster based approach depending on the location so Bihar will go for Makhana and similarly Kashmir would engage in Saffron. This will enable locally-made products reach the global markets

May 15, 2020, 4:23 pm IST

Rs. 1 Lakh Crore For Agri-Infrastructure

This financing facility will be provided for funding Agri-Infrastructure at farm gate and aggregators. For cold chains and post harvest infrastructure Specially for private and startups

May 15, 2020, 4:15 pm IST

11 Measures For farmers of India

Of these 8 will be related to logistics and storage 3 Measures Pertain To Governance

May 15, 2020, 4:13 pm IST

Focus To Be On Agriculture and Allied activities Today

The third tranche will cover agriculture and allied activities.

May 15, 2020, 4:03 pm IST

Previous Tranches To Result In Fiscal Impact Of Rs. 66,500 Crore

On May 14 Barclays estimated the impact of the announcement made in the last two days as part of the Aatma Nirbhar Bharat plan at Rs 66,500 crore or 0.34 per cent of the GDP.

May 15, 2020, 3:49 pm IST

Focus To Be On Agriculture and Infra Sectors

Today the focus area as per CNBC TV 18 report shall be reforms in agriculture and infra space. Plus there can be announcements pertaining to LTCG, DDT tax cuts.