{"id":323232,"date":"2020-05-16T12:19:26","date_gmt":"2020-05-16T12:19:26","guid":{"rendered":"http:\/\/tehelka.com\/?p=323232"},"modified":"2020-05-16T12:19:26","modified_gmt":"2020-05-16T12:19:26","slug":"government-allows-commercial-mining-of-coal-defence-manufacturing-fdi-limit-raised-from-49-to-74-nirmala-sitharaman","status":"publish","type":"post","link":"https:\/\/tehelka.com\/government-allows-commercial-mining-of-coal-defence-manufacturing-fdi-limit-raised-from-49-to-74-nirmala-sitharaman\/","title":{"rendered":"Government allows commercial mining of coal, Defence Manufacturing FDI limit raised from 49% to 74%: Nirmala Sitharaman"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-323233 aligncenter\" src=\"http:\/\/tehelka.com\/wp-content\/uploads\/2020\/05\/nirmala-1.jpg\" alt=\"\" width=\"683\" height=\"517\" srcset=\"https:\/\/tehelka.com\/media\/2020\/05\/nirmala-1.jpg 683w, https:\/\/tehelka.com\/media\/2020\/05\/nirmala-1-300x227.jpg 300w, https:\/\/tehelka.com\/media\/2020\/05\/nirmala-1-80x60.jpg 80w, https:\/\/tehelka.com\/media\/2020\/05\/nirmala-1-555x420.jpg 555w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/>Finance Minister Nirmala Sitharaman on Saturday announced commercial mining of coal by the private sector &#8211; a government monopoly till now.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Government brings Policy Reforms in Coal Sector:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Introduction of Commercial Mining in Coal Sector<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Investment of Rs 50,000 crores<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Liberalised Regime in Coal Sector<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Addressing the nation fourth time on economic stimulus announced by PM Modi, the Finance Minister said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee\/tonne.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Enhancing Private Investments in the Mineral Sector: Structural reforms to boost growth, employment and bring state-of-the-art technology.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">The structural reforms to boost, growth, employment and bring state-of-the-art technology especially in exploration through:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Introduction of a seamless composite exploration-cum-mining-cum-production regime. 500 mining blocks will be offered through an open and transparent auction process.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Enhancing Self Reliance in Defence Production: \u2018Make in India\u2019 for Aatma Nirbhar Bharart in Defence Production<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Notify a list of weapons\/platforms for ban on import with year wise timeline.<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Indigenisation of imported spares<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Separate budget provisioning for domestic capital procurement<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Will help reduce huge defence import bill<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Improve autonomy, accountability and efficiency in ordnance supplies by corporatisation of ordnance factory board<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">FDI limit in the defence manufacturing under automatic route will be raised from 49 per cent to 74 per cent<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Efficient Airspace Management for Civil Aviation: \u201cRestrictions on utilisation of the Indian Air Space will be eased so that civilian flying becomes more efficient,\u201d said FM<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Reduction in flying Cost \u2013 Rs 1000 crore<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Only 60 per cent of the Indian airspace is freely available<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">More World-class Airports through PPP: Another 6 airports will be put out for the third round of bidding<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">AAI has awarded 3 airports out of 6 for operation and maintenance on PPP basis<\/span><\/li>\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">6 more airports identified\u00a0in second round bid to commence immediately.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Power Departments \/ Utilities in Union Territories to be privatized.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Boosting private sector investment in Social Infrastructure through revamped Viability Gap Funding Scheme with a Total outlay of Rs 8100 crores.<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">\u201cThe government will enhance the quantum of viability gap funding up to 30% each of total project cost as VGF by Centre and state,&#8221; said Finance Minister.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Boosting private participation in Space activities: Govt. to provide predictable policy and regulatory environment to private players.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Govt. to establish research reactor in PPP mode for production of medical isotopes to promote welfare of humanity through affordable treatment for cancer and other diseases.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: 'times new roman', times, serif; font-size: 14pt;\">Govt. to bring in Policy Reforms to fast-track Investment; Project Development Cell in each Ministry to prepare investible projects, coordinate with investors and Central\/ State Governments.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Nirmala Sitharaman on Saturday announced commercial mining of coal by the private sector &#8211; a government monopoly till now. Government brings Policy Reforms in Coal Sector: Introduction of Commercial Mining in Coal Sector Investment of Rs 50,000 crores Liberalised Regime in Coal Sector Addressing the nation fourth time on economic stimulus announced by [&hellip;]<\/p>\n","protected":false},"author":59,"featured_media":323233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[167,36],"tags":[4753],"_links":{"self":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/323232"}],"collection":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/comments?post=323232"}],"version-history":[{"count":1,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/323232\/revisions"}],"predecessor-version":[{"id":323234,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/posts\/323232\/revisions\/323234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media\/323233"}],"wp:attachment":[{"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/media?parent=323232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/categories?post=323232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tehelka.com\/rest-api\/wp\/v2\/tags?post=323232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}