On Saturday, Union home minister Amit Shah honoured Prime Minister Narendra Modi and finance minister Nirmala Sitharaman for the “landmark” reform initiatives in defence, aviation, coal and some other sectors, as according to him, these are gonna benefit India in the future run.
“I thank PM @narendramodi & FM @nsitharaman for today’s landmark decisions which will surely boost our economy and further our efforts towards Atmanirbhar Bharat,” he tweeted.
He brought up how Rs 50,000 crore for infrastructure development in the coal sector and policy reforms could raise India up to other nations. “I congratulate PM Modi for this unprecedented step to make India self-reliant in coal production. A strong, secure and empowered India is PM @narendramodi’s topmost priority,” he said.
He pointed out raising of FDI limit in defence manufacturing to 74 per cent and banning the import of selected weapons could freshen up the burden of import on India. He extended gratitude to the PM.
PM also provided Rs 8,100 crore revamped viability gap funding to boost private sector investment in social infrastructure and encouraging private participation in space activities. Sitharaman on Saturday announced the fourth tranche of the Rs 20 lakh crore economic package under the ‘Atmanirbhar Bharat’ campaign that covered eight sectors.