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Power distribution companies to get emergency liquidity infusion of Rs 90,000 crore

in National May 13, 2020 Comments Off on Power distribution companies to get emergency liquidity infusion of Rs 90,000 crore 277 Views

Newdelhi:13/5/20: In a relief to Power Distribution companies, Finance Minister Nirmala Sitharaman announced a liquidity flow of 90 thousand crore rupees to the PFCs and RECs . Vivaad se Vishwas scheme has also been extended up to 31st December without obligation of any extra payment.

Finance Minister said that the economic package  of 20 lakh crore rupees announced by the Prime Minister will enhance growth and build a very self -reliant India- Atmanirbhar Bharat. She said, Mr Modi in his address to the nation yesterday  had outlined his vision for a self reliant India and exhorted the  Indians to become vocal for our local products. The Finance Minister said, this vision was laid out after wide consultations with several sections of the society.

She said, the focus will be on the factors of production, labour, land, liquidity and law. She said, it will improve ease of doing business. Ms Sitharaman said, the intention is to build and take local brands to a global level. She said, Self-reliant India does not mean cutting off from rest of the world.

Finance Minister highlighted various other reforms introduced by the Centre, since 2014, which have brought structural changes in the system of addressing issues of farmers and workers. Over the next few days, the Finance Minister will release more details about the stimulus measures being taken by the Government.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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