Aatmanirbhar Bharat Abhiyan

The Prime Minister had announced the Aatma Nirbhar Bharat package that will focus on making India self-reliant during his national address on 12th May at 8 pm.

On 13th May, Finance Minister Nirmala Sitaraman shared the first instalment of the mega Rs 20 lakh crore package with the focus being on the relief to the MSME sector.

The finance minister, who was flanked by the MoS Anurag Thakuŕ and the finance ministry officials, said that the Aatma Nirbhar Bharat rests on five pillar Economy, Infrastructure, Technology-driven system, Demography and Demand. The focus will be on factors of production, land ,labour,liquidity and laws.The intention is to make local brands global.

Six major steps for the revival of the MSME sector. 

1. Collateral free loan of Rs. 3 lakh crores for MSMEs.This will benefit  45 lakh  units so that they can resume work and save jobs.

2.For stressed MSMEs,subordinate debt provision of Rs 20,000 cr. has been announced for 2 lakh MSMEs. It will benefit those which are NPAs or stressed MSMEs.

3.Rs.50,000 cr. equity infusion through Mother fund-Daughter fund for MSMEs that are viable but need handholding. A fund if funds with corpus of Rs 10,000 cr will be set up to the help these units expand capacity and help them list on markets if they choose.

4.Definition of MSMEs has been revised to allow MSMEs to aims for expansion and not lose benefits. Also, There'll  be no distinction between manufacturing &Services sector MSMEs.

New definition:

Micro units with investment till Rs 1 cr, turnover upto Rs 5 cr.Small units with investment till Rs 10 cr, turnover upto Rs 50 cr. Medium units with investment till Rs 20 cr, turnover upto Rs 100 cr.

5. Global tenders will be disallowed upto Rs 200 crore for government contracts. 

6.Will ensure e-market linkages are provided across the board in the absence of non-participation in trade fairs due to covid-19. Government of India and PSUs will clear all the receivables in next 45 days.

For Employees 

7. A liquidity relief of Rs.2,500 cr EPF support is being given to all EPF establishments, EPF contribution will be paid by Government of India for another 3 month till August and will benefit more than 72 lakh employees. 

8.Statutory EPF contribution for all organisations and their employees covered by EPFO has been reduced to 10% from 12% earlier.This doesn't apply to government organisations. This will infuse Rs.6,750 cr liquidity into these organisations. 

For NBFCs/HFCs/MFIs

9.Rs 30,000 crore special liquidity scheme for investing in investment grade debt paper of NBFCs,HFCs and MFIs.These NBFCs are those that are also funding MSMEs.These will be fully guaranteed by government of India. 

10. Rs 45,000 crore partial credit guarantee scheme 2.0 for NBFCs. The first 20% loss will be borne by the guarantor that is government of India. 

11.For Discoms a one -time emergency liquidity injection of Rs 90,000 crore against all their receivables. The states will guarantee it.

 

     Other Details 

12.An extension of upto 6 months (without costs to contractor) to be provided by all Central Government Agencies like Railways,Ministry of Road Transport &Highwaya,Central Public Works department. 

13.On real estate, Urban development ministry will issue advisory to states/UTs so that the regulators can invoke force majeure.The regulators can suo moto extend completion registration dates for sir months for projects expiring on or after march 25,2020.

14.A reduction of 25% of existing rates of Tax Deducted at Source (TDS) & Tax Collection at Source (TCS) from tomorrow till march 31,2021.This will release Rs 50,000 crores.

15.Due  date of all IT Returns filings extended from July 31 to November 30. Vivaad se Vishwas scheme extended till December 31,2020.Date of assessments getting barred as on March 31,2021 extended to September 20,2021.

Hope for the best 

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Coronavirus impact on Indian economy

why is India still a developing country

How to be happy in life

best place to visit in delhi

Coronavirus impact on Indian Economy

Coronavirus outbreak was first reported in Wuhan,China on 31 December 2019. In India, the first case of covid-19 pandemic was reported on 30th January 2020.  Covid-19 virus spreads all over the world. It is one of the most dangerous pandemic after the Spanish flu.Thousands of people died everyday due to covid-19. It's has been four month and still there is no specific treatment of it. According to the recent data,USA have confirmed a lots of patients of covid-19, it's around 1.34 million. In India, As of 10 May 2020,the ministry of health and family welfare have confirmed a total of 62,939 cases, 19,358 recoveries and 2,109 deaths in the country.

Before reading in detail about the impact, first let us study about coronavirus 

Coronavirus is a large family of viruses that causes illness. It ranges from the common cold to more severe diseases like Middle East Respiratory Syndrome (MERS-Cov) and severe Acute Respiratory Syndrome (SARS-Cov). The novel coronavirus is a new strain of virus that has not been identified in human so far.  WHO advice to take precautionary and preventive measures to the countries. 

Impact of covid-19 pandemic on Indian economy 

To come out against novel coronavirus, Indian government extended the date of lockdown to 17 May,2020. The first phase of lockdown of the country on 25 March to 14 April.Then it has been extended to 3 May which is considered as second phase. And In third phase lockdown extended by 14 days. During lockdown government permitted only necessary goods to be sold out and other items shop must be closed. Due to which Indian Economy goes down. 

According to the survey, Covid-19 is having a 'deep impact '  on Indian economy. Over the coming months jobs are at high risk because firms are looking for some reduction in manpower. Over 122 million Indian lose their jobs in April 2020. India's unemployment rate is now at a record of 27.1% according to the Centre of Monitoring the Indian Economy (CMIE). The new data shows India's unemployment figures four times that of the US. Of the 122 million who have lost their jobs, 91.3 millions were small traders and labours. But a fairly significant number of salaried workers 17.8 million and self-employed people 18.2 million have also lost work. According to the World Bank's assessment, India is expected to grow 1.5 per cent to 2.8 per cent. And IMF projected a GDP growth of 1.9 per cent for India in 2020 because the global economy is affected by the covid-19 pandemic, the worst recession since The Great Depression in the 1930s.Also we can't ignore that the lockdown and pandemic hit several sectors including Ministry of Micro,Small & Medium Enterprises (MSME), hospitality, civil aviation, agriculture and allied sector. 

Let us have a look at the sector-wise impact on Indian Industry 

    Electronic Industry 

Most of the electronic being a final product or raw material imported from China and used in the electronic Industry. Due to the Chinese virus, government has ordered to stop unnecessary item's import or export. By which India's electronic Industry may face supply disruptions, production, reduction impact on product prices due to heavy dependence on electronics components supply directly or indirectly and local manufacturing. According to the recent survey,  Exports of  electronics goods in India decreased to 54.28 INR Billion in March from 83.81 INR Billion in February 2020.

    Chemical Industry 

Some Chemical plants have been shut down in China. Due to which raw materials supply restricted. So there will be restrictions on import. It was found that 20% of the production has been impacted due to the disruption in raw materials supply. China is a major supplier of Indigo that is required for denim. Business in India is likely to get affected so people securing their supplies. Also, stock has not been cleared due to  national emergency as well as production rate goes down. 

     Shipping Industry 

Coronavirus outbreak has impacted the business of cargo movement service providers. In India, Government has  announced that only necessary items will be export or import. As well as ordered to lockdown the factory for some intervals. So that production of goods has been stopped. As per the source per day per vessel has declined by more than 75-80% in dry bulk trade from mid January. 

    Auto Industry 

It's impact on Indian companies will vary and depend upon the extent of the business with china. China's business no doubt is affected. However, current levels of the inventory seem to be sufficient for the Indian Industry. If the shutdown in China continues then it is expected to result is an 8-10% contraction of Indian auto manufacturing in 2020.

    Pharmaceutical Industry 

Despite being one of the top formulations of drug exporters in the world, the pharma Industry of India relies heavily on importers of bulk drugs. Due to the coronavirus outbreak, it will also be impacted. 

    Textiles Industry 

Due to coronavirus outbreak, several garments/textile factories in China has halted operations that in turn affecting the exports of fabric, yarn and other raw materials from India. 

    Tourism and Aviation 

Due to the coronavirus outbreak, the inflow of tourists from China, East Asia regions and rest of world to India will lose that will impact the tourism sector and revenue. 

An outbreak of covid-19 impacted the whole world and has been felt across industries. The outbreak is declared as a national emergency by the  World Health Organisation. In India the three major contributors to GDP namely private consumption,  investment and external trade will all get affected. World and Indian economy are attempting to mitigate the health risks of covid-19 with the economic risks and necessary measures needed will be taken to improve it.

From the economy's point of view, the lockdown undoubtedly looks costly right now, but compared to the lives of Indian citizens, it is nothing. 

                    Prime minister Narendra Modi, speech to the nation  on 14 April 2020 at 10 am.

               Jaan hai toh Jahaan hai

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Why is India still a developing country

How to be happy in life

Best place to visit in Delhi

Why is India still a developing country?

INDIA  is country in south Asia. The Republic of India has some principal short names in official hindi and english usage, each of which is historically significant,"India,Hind,Hindustan and Bharat or Bharatvarsh. The culture of India refers collectively to the thousands of distinct and unique cultures of all religions and communities present in India. India's languages,religions,dance,music,architecture, food and customs differ from place to place within the country.India is one of the best counrty in the world but still it is known as developing country. Now question arise why ?

There are many factors by which India is still a developing country.

1.POPULATION 

India has the 2nd largest population in the world which consists of  17.7% population of the world.Around 135.26 crores of people live here.Due to high most populous nation in the world,All citizens can not fulfill their wants because of the limit resources.

2.POVERTY 

Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living.According to the Census 2011,In India 21.9% of population lives below the national poverty line.There are several causes of poverty in India like Population Explosion, Low Agricultural Productivity, Inefficient Resources utilisation, Low Rate of economic development, price rise, Unemployment,lack of capital  and entrepreneurship, social factors,colonial exploitation and climatic factors. 

3.HEALTH CARE 

In India,There is one doctor for every 1445 Indians as per the country's current population estimate of 135 crore, which is lower than the WHO's prescribed norm of one doctor for 1000 people.Due to lack of health facilities many people died every year. According to world health organisation India has ranked 141th out of 190th countries.

4.EDUCATION QUALITY 

According to the  survey India has expended only 3% of GDP on education in 2019.India has ranked 149th out of 197th counties on the basis of spending on education.  Because of low education quality many rural Indians are still illiterate and now a days school and college are the biggest platform of business only. 

Good education with adequate vocational training and opportunities to learn new skills is what can provide the youth of any nation to become well-equipped and rights skilled workers. Education along with training for developing skills and emphasis on employability will strengthen the youth to take up the right career paths.Lacking of skills also increase in the rate of unemployment.

5.CORRUPTION 

According to Corruption Perception Index.India has 41 score which perceived as more corrupt.

Corruption is an issue which affects the economy of central,state and local government agencies in many ways.Not only has it held the economy back from

reaching new heights,but rampant corruption has stunted the country's development. 

6.UNEMPLOYMENT 

India's unemployment rate is 27.1%, according to the Centre for Monitoring the Indian Economy(CMIE).

In 2019,The estimated youth unemployment rate in India was at 10.51 percent.According to the source,the data are ILO estimates.The major cause of unemployment and underemployment in underdeveloped countries like India is the deficiency of the stock of capital in relation to the needs of the growing labour force.

           Striking for unemployment 

7.CRIME

 

Crime rate is calculated by dividing the number of reported crimes by the total population and then result is multiplied by 100000.  India reported high crime rate every year. High crime rates are seen in India because of high poverty levels and low job availability.And most violent crimes, being committed by the ages 20-30 years old.In India most crimes reported against women like Rape,which is mostly happened.Then,Dowries which considered a major contributor towards violence against women in India. Domestic violence in India is endemic.Around 70% of women in India are victims of domestic violence. Through this we can understand about the  Gender Inequality of India. 

India's current Economic growth (as the world's fastest-growing major economy as of 2015) has improved its standing on the world's political stage,even through it is still a developing country,but one that is showing strong development.India has just a decade to become a developed country.

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Best places to visit in Delhi

India is the one of the best place in the world.It is situated in Asia continent.There are many good places to visit. Many foreigners come every year to visit India.The Travel and tourism competiveness report 2019 ranked India 34th out of 140 countries overall.  Day by day India improves its ranking in the tourism.Government also takes initiative steps to explore India tourism in the world.The capital of India  is New Delhi.which is located centre of the India.There are many place to visit in delhi.

Best place to visit in delhi.

1.Red Fort 

2.Qutub Minar

3.India Gate

4.Humayun's Tomb

5.Gandhi Smriti

6.Lotus Temple 

7.Akshardham

8.Rashtrapati Bhavan

9.Raj Ghat

10.Jantar Mantar

How to be HaPpy in Life?

                       

Many people have  a lots of questions in their mind and they are always trying to get their answer. All the questions are very differ from each others question. Some people want to know about who was the first person to live in the earth?,What's his/her name?,how he/she  used to live?, and so on....and some others people want to know Who have discovered the language?and many questions arises like this but we really don't have any satisfied answers of them.But one question is common among all of them is that "HOW TO BE A HAPPY IN LIFE?"

"Look this picture, this is a picture of poor family with a big smile"

For being happy in our life we don't need anything.Happiness will be come from bottom of your heart.but you don't know  how is it possible? 

All people have different problem in their life some of them have family issues ,others have problem of boss scolding,some of have girlfriend/boyfriend issues,some of get frustrated in life because of don't get jobs and many people have financial problems. 

First of all i wanna ask each and everyone "is there any people in the earth who have no problem in their life"

You will get only one answer of it that "NO".

You may ask few people to your surroundings.you will get to know what's fact and fact is that all are facing their problems in their life.

I have few mantra  if you will follow it i will guarantee you.you will always happy in your life😊😊😊😊

1.Do what do you want to do👍

2.Always be positive 

3.Give time to yourself 

4.make aim of your life 

5.Never hurt anyone

6.Always keep away from the nasty people 

7.Give time to your own😊

Smile of a poor family who don't know what to eat next day.but still they want to be happy in their life..beacuse they want but you don't want if you really want to be happy in your life no barrier come between you and your happiness. Always  think if such people can live happy life why don't we?

Thanks for giving valuable time😊😊