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Historic Decisions, Which Will Definitely Boost Our Economy: Amit Shah Lauds Announcements Made By Sitharaman

Mumbai: Union Home Minister Amit Shah on Saturday praised the announcements made by Finance Minister Nirmala Sitharaman in the fourth instalment of the Rs 20 lakh crore stimulus package and said that “a strong, secure and empowered India” is Prime Minister Narendra Modi’s top priority.

In a series of tweets, Amit Shah said that the historic decisions will boost the economy and strengthen efforts towards a self-reliant India.

He said that ‘improvement, performance and change’ is the key to India’s unprecedented growth in the last six years.

He said, “I thank PM Narendra Modi and FM Nirmala Sitharaman for today’s historic decisions, which will definitely boost our economy and our efforts towards Atmanbir India.”

“A strong, secure and empowered India is PM Narendra Modi’s topmost priority. Raising the FDI limit in defence manufacturing to 74 per cent and banning the import of selected weapons/platforms with year-wise timelines will surely boost ‘Make in India’ and reduce our import burden,” he added.

The Home Minister said that Rs 50,000 crore for infrastructure development in coal sector and introduction of commercial mining is a “welcome policy reform which will bring more competition and transparency.”

“I congratulate Prime Minister Modi for this unprecedented step to make India self-reliant in coal production,” he said.

He also lauded decisions concerning the aviation sector.

“I thank PM Modi for futuristic decisions to push the aviation sector. – By easing out restrictions on utilisation of Air Space, our aviation sector will be benefited by about Rs 1,000 crores/year. – Tax regime for MRO has been rationalized to make India a global hub for Aircraft MRO,” he said.

Shah hailed the moves to boost private sector investment in social infrastructure and to encourage private participation in space activities.

“I also applaud PM Modi for today’s decisions like providing Rs 8100 cr revamped Viability Gap Funding to boost pvt sector investment in social Infrastructure & encouraging private participation in Space activities so that they can become a co-traveller in India’s space journey,” he said.

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.

The Prime Minister had on Tuesday announced Rs 20 lakh crore comprehensive special economic package to help the country become self-reliant and deal with COVID-19 crisis.

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