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Atmanabir Bharat Package: Significant Structural Reforms for Different Sectors

Structural Reform undertaken in Agriculture Sector

  1. Essential Commodities (Amendment) Act, 2020
  2. Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020
  3. Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020

Structural Reform undertaken in Ministry of Micro, Small & Medium Enterprises (MSMEs)

  1. New MSME definition on the basis of investment limit and turnover size covering around 99% of all firms empowering MSMEs to grow in volume and create employment.
  2. Elimination of artificial separation between manufacturing and service MSMEs as they will be defined likewise.

Structural Reform undertaken in Labour Sector

  1. Enactment of four labour codes namely,
    • Wage Code,
    • Industrial Relations Code, 2020,
    • Code on Occupational Safety, Health & Working Conditions Code, 2020
    • Social Security Code, 2020
  2. ‘One labour return, One Licence and One Registration’ to bring ease of doing business in India.

Structural Reform undertaken in Power Sector

  1. Tariff Policy Reform:
    • DISCOM incapability not to burden consumers,
    • Gradual reduction in cross-subsidies,
    • Time-bound grant of open access, etc.
  2. Privatization of Power Distribution business in UTs with an aim to improving private sector investment in power distribution companies (DISCOM)

Structural Reform undertaken in Mineral Sector

  1. Institution of a seamless composite exploration-cum-mining-cum-production regime
  2. Transparent auction of mining blocks
  3. The distinction between captive (self-use) and merchant (commercial sale) mines has been eliminated by amending the Mines and Minerals (Development and Regulation) Act, 1957
  4. Commercial Mining in Coal Sector to promote ease of doing business.
  5. Amendment to Stamp Act, 1899 to bring uniformity and affordability of the stamp duty on securities across States

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