Aatma Nirbhar Bharat Abhiyaan | UPSC

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Aatma Nirbhar Bharat Abhiyaan

Aatma Nirbhar Bharat Abhiyaan UPSC

      HEADLINES:

Finance Minister announces Government Reforms and Enablers across Seven Sectors under Aatma Nirbhar Bharat Abhiyaan

      WHY IN NEWS:

Hot from PIB !

MINISTRY? :-Ministry of Finance
SYLLABUS COVERED: GS 3:Schemes : Policies of GOI

      LEARNING: 

For PRELIMS Aatma Nirbhar Bharat Abhiyaan is an important policy framework . It is clubbed with many MINI-Schemes . We have mentioned them below . Just dive in !

For MAINS go through the five pillars of this Abhiyaan !

      ISSUE: 

Hon’ble Prime Minister Shri Narendra Modi announced a Special economic and comprehensive package of Rs 20 lakh crore – equivalent to 10% of India’s GDP on 12th May 2020.

He gave a clarion call for आत्मनिर्भर भारत अभियान or Self-Reliant India Movement. 

FIVE PILLARS OF AATMA NIRBHAR BHARAT ABHIYAAN

  • Economy
  • Infrastructure
  • System
  • Vibrant Demography and
  • Demand.

KEY HIGHLIGHTS

  • Rs 40,000 crore  increase in allocation for MGNREGS to provide employment boost
  • Increased investments in Public Health and other health reforms to prepare India for future pandemics
  • Technology Driven Education with Equity post-COVID
  • Further enhancement of Ease of Doing Business through IBC related measures
  •  Decriminalisation of Companies Act defaults
  • Ease of Doing Business for Corporates
  • Public Sector Enterprise Policy for a New, Self-reliant India
  • Increase borrowing limits of States from 3% to 5% for 2020-21 only & promoting State level reforms

WHY आत्मनिर्भर भारत अभियान ? 

  • The crisis and the challenge is an opportunity to build a self-reliant India.
  • The Finance Minister said today’s announcement is in continuation in the series of reforms.
  • As part of the Rs 1.70 lakh crore PMGKP, the Government announced distribution of free food grains, cash payment to women and poor senior citizens and farmers etc.
  • Around 41 crore poor people received financial assistance of Rs 52,608 crore under the PMGKP.
  • The Finance Minister also said PMGKP used technology to do Direct Benefit Transfer (DBT) to people.
  • And for this, Smt. Sitharaman appreciated the concerted efforts of FCI, NAFED and States, giving pulses and grains in huge quantities, despite logistical challenges.

MGNREGS TO PROVIDE EMPLOYMENT BOOST :

  • MGNREGS SUPPORT : The Government will now allocate an additional Rs 40,000 crore under MGNREGS.
  • ADDRESSING DEMANDS : It will help generate nearly 300 crore person days in total addressing need for more work including returning migrant workers in Monsoon season as well.
  • UPLIFTING RURAL ECONOMY  : Creation of larger number of durable and livelihood assets including water conservation assets will boost the rural economy through higher production.

HEALTH REFORMS & INITIATIVES:

  • Public Expenditure on Health will be increased by investing in grass root health institutions and ramping up Health and Wellness Centres in rural and urban areas.

  Setting up of INFECTIOUS DISEASES HOSPITAL BLOCKS in all districts and strengthening of lab network and surveillance by Integrated Public Health Labs in all districts & block level Labs & Public Health Unit to manage pandemics.

  • National Institutional Platform for One health by ICMR will encourage research.
  • And implementation of National Digital Health Blueprint under the National Digital Health Mission.

TECHNOLOGY DRIVEN EDUCATION WITH EQUITY POST-COVID

  • PM eVIDYA : a programme for multi-mode access to digital/online education to be launched immediately.
  •  MANODARPAN : an initiative for psycho-social support for students, teachers and families for mental health and emotional well-being to be launched immediately as well.
  • NEW NATIONAL CURRICULUM AND PEDAGOGICAL FRAMEWORKfor school, early childhood and teachers will also be launched.
  • NATIONAL FOUNDATIONAL LITERACY AND NUMERACY MISSION  : for ensuring that every child attains Learning levels and outcomes in grade by 2025 will be launched by December 2020.

EASE OF DOING BUSINESS :

  • INCREASED LIMITS : Minimum threshold to initiate insolvency proceedings has been raised to Rs. 1 crore (from Rs. 1 lakh, which largely insulates MSMEs).
  • INSOLVENCY FRAMEWORK : Special insolvency resolution framework for MSMEs under Section 240A of the Code will be notified soon.
  • FRESH INSOLVENCY : Suspension of fresh initiation of insolvency proceedings up to one year, depending upon the pandemic situation.
  • DEFAULT DEFINITION : Empowering Central Government to exclude COVID 19 related debt from the definition of “default” under the Code for the purpose of triggering insolvency proceedings.

DECRIMINALISATION OF COMPANIES ACT DEFAULTS

  • Decriminalisation of Companies Act violations involving minor technical and procedural defaults such as shortcomings in CSR reporting, inadequacies in Board report, filing defaults, delay in holding of AGM.
  • The Amendments will de-clog the criminal courts and NCLT. 7 compoundable offences altogether dropped and 5 to be dealt with under alternative framework.

EASE OF DOING BUSINESS FOR CORPORATES :

KEY REFORMS INCLUDE:

  • LISTING : Direct listing of securities by Indian public companies in permissible foreign jurisdictions.
  • UNLISTED COMPANIES : Private companies which list NCDs on stock exchanges not to be regarded as listed companies.
  • Including the provisions of Part IXA (Producer Companies) of Companies Act, 1956 in Companies Act, 2013.
  • SPECIAL BENCHES : Power to create additional/ specialized benches for NCLAT
  • PENALTY : Lower penalties for all defaults for Small Companies, One-person Companies, Producer Companies & Start Ups.

PUBLIC SECTOR ENTERPRISE POLICY :

GOVERNMENT WILL ANNOUNCE A NEW POLICY WHEREBY –

  • List of strategic sectors requiring presence of PSEs in public interest will be notified
  • STRATEGIC SECTOR : In strategic sectors, at least one enterprise will remain in the public sector but private sector will also be allowed.
  • PRIVATISATION : In other sectors, PSEs will be privatized (timing to be based on feasibility etc.)
  • DISINVESTMENT : To minimise wasteful administrative costs, number of enterprises in strategic sectors will ordinarily be only one to four; others will be privatised/ merged/ brought under holding companies.

SUPPORT TO STATE GOVERNMENTS

  • BORROWING LIMITS : Centre has decided to increase borrowing limits of States from 3% to 5% for 2020-21 only.
  • EXTRA EDGE :  This will give States extra resources of Rs. 4.28 lakh crore.
  • Part of the borrowing will be linked to specific reforms (including recommendations of the Finance Commission).
  • GOAL OF REFORMS : Reform linkage will be in four areas: universalisation of ‘One Nation One Ration card’, Ease of Doing Business, Power distribution and Urban Local Body revenues.
  • A specific scheme will be notified by Department of Expenditure on the following pattern: Unconditional increase of 0.50% 1% in 4 tranches of 0.25%, with each tranche linked to clearly specified, measurable and feasible reform actions Further 0.50% if milestones are achieved in at least three out of four reform areas.

      IASbhai WINDUP: 

COVID-19 Pandemic has brought a message and an opportunity. We need now to build an Aatma Nirbhar Bharat. Smt. Sitharaman said that in order to prove the resolve of Aatma Nirbhar Bharat, land, labour, liquidity and laws have all been emphasised in Aatma Nirbhar Bharat Package.

SUGGESTED READING : https://iasbhai.com/schemes/ 
     SOURCES:THE HINDU & PIB/DAILY CURRENT AFFAIRS for UPSC CSE Prelims & Mains

DISCOVER MORE : Important UPSC Schemes

 

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