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Top News Story LIVE: FinMin's fourth tranche of economic measures focuses on structural reforms

Top News Story LIVE: FinMin's fourth tranche of economic measures focuses on structural reforms.

Chandigarh, May 16
Union Finance Minister Nirmala Sitharaman's fourth tranche of economic measures on Saturday evening focused on structural reforms.
Sitharaman has been holding consecutive press conferences to announce measures since Prime Minister Narendra Modi announced an economic stimulus aimed at trying to help restart economic activities and offer relief measures after the global coronavirus pandemic and a subsequent lockdown brought all economic activities to a grinding halt.
The finance minister has so far announced measures for MSMEs, NBFCs, real estate, the middle class, farmers and migrants.
LIVE UPDATES
4:26 pm: Mining of minerals---seamless composite exploration-cum-mining production mechanism. 500 mining blocks will be available through mechanism. Removing distinction between captive and uncaptive mines. Ministry of Mines is developing index for minerals.
4:21 pm: Coal---commercial mining in coal on revenue-sharing basis to end government monopoly and make it available at market price. Liberalised enteries. Incentives given to those who produce before deadline. Regulations are required only when there's shortage. 50 coal blocks to be offered immediately with no eligibility conditions, only upfront payment with a ceiling. Incentives to convert coal into gas to keep up Indias environmental commitments. Coal bed methane extraction will be auctioned. Rs 50,000 crore to be spent by GoI for evacuation infrastructure.
4:15 pm: Eight sector will be the focus area today: coal, mineral, defence production, air space management, airports MRO, power distribution companies in UTs, space and atomic energy.
4:13 pm: Efforts have already started to upgrade industrial infrastructure: FM
4:11 pm: Reforms to fast-track investments: FM
4:10 pm: Structural reforms will be the focus today: FM


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