Sitharaman said that infrastructure development of Rs 50,000 crore in the sector for the evacuation of enhanced Coal India Limited's (CIL) target of one billion tonnes coal production by 2023-24 plus coal production from private blocks.
500 mining blocks would be offered through an open and transparent auction process, a joint auction of Bauxite & Coal mineral blocks will be introduced to enhance Aluminum industry's competitiveness.
In her fourth press conference to share details of an economic package announced by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman also announced a cluster-based approach to promote the mantra of "vocal for local with global outreach".
The Congress Rajaya Sabha member claimed that the government's outgo is "very little" and the rights of migrants and poor labourers have been "violated" by the government.
The Finance Minister said that government will amend six-and-a-half-decade old Essential Commodities Act to deregulate food items, including cereals, edible oil, oilseeds, pulses, onion and potato.
Finance Minister Nirmala Sitharaman on Friday announced Rs 1 lakh crore Agri Infrastructure Fund for farm gate infrastructure for farmers and Rs 10,000 crore scheme for the formalisation of Micro Food Enterprises (MFEs) in the third tranche of Rs 20 lakh crore stimulus package.
Sitharaman also said that the Rs 10,000 crore scheme for the formalisation of MFE promotes Prime Minister Narendra Modi's vision of 'Vocal for Local with global outreach.'
Sitharaman has been announcing the tranches of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi.
Finance Minister Nirmala Sitharaman will hold a press conference at 4 pm today. This is going to be her third press briefing in as many days.
The tally includes 1,818 active coronavirus cases while 125 fatalities have been reported due to infection in the state till Friday.
