Nirmala Sitharaman English news | Nirmala Sitharaman, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

BJP president JP Nadda on Friday welcomed 'far-reaching agriculture reforms' announced by Finance Minister Nirmala Sitharaman, saying that these measures will hugely benefit farmers and enhance their income."Today's announcements will hugely benefit farmers and enhance their income. Rs 1 lakh crore fund for farm gate infrastructure, a scheme for global marketing of local agri-produce, new schemes to benefit herbal cultivators, fruits and vegetable growers, beekeepers, fisheries, dairying etc," Nadda tweeted."I welcome far-reaching agricultural reforms announced by FM today. Proposed amendments to the Essential Commodities Act, 1955; APMC Act and legal framework for advance sale agreements to ensure better returns to farmers. I thank Prime Minister Narendra Modi for these very effective decisions," he added.Sitharaman on Friday announced Rs one lakh crore financial assistance to fund agriculture infrastructure projects at farm-gate and aggregation points. The agri-infrastructure fund will be used for setting up cold-chain and post-harvest management infrastructure, she said.She made the announcement at a press conference here as part of the third tranche of the Rs 20 lakh crore economic stimulus package announced by Prime Minister Modi in his May 12 address to help India become self-reliant in the wake of novel coronavirus pandemic.The Finance Minister also announced a Rs 10,000 crore scheme for the formalisation of micro-food enterprises (MFEs). A cluster-based approach will be taken for unorgsed MEFs to get technical upgradation to attain FSSAI food standards.Sitharaman said that critical gaps in the existing fisheries value chain need to be filled. The government will launch Pradhan Mantri Matsya Sampada Yojana for integrated, sustainable, inclusive development of marine fisheries.A sum of Rs 11,000 crore will be allocated for activities in marine, inland fisheries and aquaculture besides Rs 9,000 crore for infrastructure development. "This will lead to additional fish production of 70 lakh tonnes over the next five years."For 100 per cent vaccination of all mals across the country, a national mal disease control programme for the foot-and-mouth disease will be launched with an outlay of Rs 13,343 crore for estimated 53 crore cattle, buffalo, sheep, goat and pig population.Also, Sitharaman said that an mal husbandry development fund worth Rs 15,000 crore will be set up to support private investment in dairy processing, value addition and cattle feed infrastructure. Incentives to be given to private sector players for establishing plants for the export of niche products.( With inputs from ANI )

Nirmala SitharamanFOLLOW

Nirmala sitharaman, Latest News

Finance Minister Nirmala Sitharaman on Saturday announced that Foreign Direct Investment (FDI) limit in defence manufacturing under automatic route will be raised from 49 per cent to 74 per cent. ...

Finance Minister Nirmala Sitharaman on Saturday gave massive reform boost to mining, defence, civil aviation and power distribution sectors ... ...

Finance Minister Nirmala Sitharaman on Saturday said that the Central government will introduce competition, transparency and private sector participation in the coal sector and will do infrastructure development of Rs 50,000 crore. ...

In a major reform, the Union government has decided to permit commercial mining of coal. Speaking to the media ... ...

In yet another attack on the BJP ruled central government, Congress leader Rahul Gandhi on Saturday asked Prime Minister ... ...

Congress leader Rahul Gandhi has said that the financial package announced by Finance Minister Nirmala Sitharaman should be re-worked ... ...

Finance Minister Nirmala Sitharaman will address a press conference in the national capital on Saturday. ...

BJP president JP Nadda on Friday welcomed 'far-reaching agriculture reforms' announced by Finance Minister Nirmala Sitharaman, saying that these measures will hugely benefit farmers and enhance their income. ...