#Atmanirbhar_Bharat (Part-4)
·
The 4th Tranche of the “Self Reliant India Movement” was
announced today; its focus was on various Structural Reforms towards making
Self-Reliant India.
·
Self
Reliant India means making India strong & self dependent so that we can
face Global challenges.
·
8 sectors were there where several reforms were made today which are Coal, Minerals, Defence Production, Civil Aviation, Power Distribution
companies in UTs, Space & Atomic Energy.
·
Following
measures were announced :
A)
COAL Sector
ü Introduction of private
sector participation in the Coal Sector on the basis of a Revenue share mechanism.
ü Entry norms will be liberalised which includes no eligibility conditions, only upfront
payment with a ceiling.
ü Nearly 50
blocks to be offered immediately.
ü Allowing auctioning
of partially explored blocks and Coal Bed Methane (CBM) extraction rights
from Coal India Limited (CIL).
ü Incentive
for Early production (i.e. before scheduled time limit) and also for
Coal Gasification/Liquefaction.
ü Ease of
doing business measures, such as
Mining Plan simplification, will be taken.
ü Relief
worth Rs. 5,000 crores through
concessions to CIL’s consumers.
ü Investment of Rs.
50,000 crores for creating evacuation infrastructure.
ü Benefits
(1)
Competition
(by removing Government monopoly) and Transparency in Coal Sector.
(2)
Reduced
environmental impact.
(3)
Assist in
switching India to a gas based economy.
B)
DEFENCE PRODUCTION
ü Facilitating
“Make in India” by production of weapons/
spares in India itself. For this, a list
of weapons/ platforms will be notified (with year-wise timelines) for which Ban
on import will be there so that it can be obtained from India which help in
reduction of huge import bill of Defence.
ü A separate
budget provisioning for domestic capital procurement.
ü Corporatisation
(NOT PRIVATISATION) of Ordnance Factory Board to improve its autonomy, accountability and
efficiency.
ü FDI limit (under automatic route) to be raised from 49% to 74%.
ü Setting up of a
Project Management Unit (PMU) to support contract management.
ü Overhauling
Trial and Testing procedures.
C)
CIVIL AVIATION
ü Easing Air Space utilisation (presently 60%) for
optimal & efficient utilisation of Indian Air Space.
ü Will reduce fuel usage, time and positive
environmental impact providing a total benefit of about Rs. 10,000 crores per year for aviation sector.
ü Operation and maintenance of airports on PPP (Public Private Partnership) basis.
ü Auctioning to be done for 12
airports (6 identified in 2nd round, 6 to be put out for 3rd
round ).
ü Additional Investment by private players expected
around Rs. 13,000 crores.
ü Major engine manufacturers in the world would set up
engine repair facilities in India in the coming year.
ü Convergence between Defence sector and the civil MROs
will be established to create economies of scale.
ü Maintenance
cost for airlines will come down.
D)
SPACE ACTIVITIES
ü Making private sector a co-traveller in India’s space sector journey.
ü Will provide level
playing field in space-based services and also predictable policy and regulatory environment to private players.
ü Private sector will be allowed to use ISRO facilities and
other relevant assets to improve their capacities.
ü Opening Future
projects for private sector.
ü Liberal geo-spatial data policy for providing remote-sensing
data to tech-entrepreneurs.
E)
POWER DISTRIBUTION
COMPANIES IN UTs
ü Power Departments/Utilities in Union Territories (UTs)
will be privatised.
ü Consumer
Rights reforms :
(1)
DISCOM inefficiencies
not to burden consumers
(2)
Standards
of Service and associated penalties for DISCOMs
(3)
DISCOMs to
ensure adequate power; load-shedding to be penalized
ü Reforms to Promote
Industry :
(1)
Progressive
reduction in cross subsidies
(2)
Time bound
grant of open access
(3)
Generation
and transmission project developers to be selected competitively
ü Reforms for
Sustainability of Sector
(1)
No
Regulatory Assets
(2)
Timely
payment of Gencos
(3)
DBT for
subsidy; Smart prepaid meters.
F)
SOCIAL
INFRASTRUCTURE
ü Enhancement
of quantum of Viable Gap Funding (VGF) upto 30% of Total Cost of Project in
Social Infrastructure Projects having a Total outlay of Rs. 8,100 crores.
ü Projects shall be proposed by Central Ministries/
State Government/ Statutory entities
G)
ATOMIC ENERGY
ü PPP mode
for
(1)
Establish
research reactor for production of
medical isotopes – promote welfare of humanity through affordable treatment
for cancer and other diseases.
(2)
Establish
facilities to use irradiation technology
for food preservation – to compliment agricultural reforms and assist farmers.
ü Link India’s robust start-up ecosystem to nuclear
sector – Technology Development cum
Incubation Centres will be set up for fostering synergy between research
facilities and tech-entrepreneurs
H)
MINERAL Sector
ü Introduction of a seamless composite
exploration-cum-mining-cum-production regime.
ü 500 mining
blocks to be auctioned.
ü Introduction of Joint
Auction of Bauxite and Coal Mineral Blocks
ü Allowing transfer
of mining leases.
ü Developing
a Mineral Index for different minerals.
ü Rationalisation of stamp duty payable at the time of
award of mining leases.
Note:- Any suggestion/advise is welcomed.
Comments
Post a Comment