It places special emphasis on education, employment generation and skill development recognising these as crucial components for sustainable economic growth and social welfare.
The Finance Minister gave a significant impetus to the MSME sector to enable them to grow and compete on the global stage. In a welcome move public sector banks have now been tasked to build inhouse capabilities to assess the MSME credit based on their digital footprint in the economy, rather than traditional modes of assessing based on assets and turnover criteria.
Realising the importance of innovation in economy, it is proposed that the government will come up with an economic policy framework that would steer next-generation reforms aimed at speeding up the economic expansion. The government also proposes to provide appropriate fiscal support for land reforms over the next three years.
Denne historien er fra July 24, 2024-utgaven av Business Standard.
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Denne historien er fra July 24, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Avoid partial payout: Buy health cover with fewer sub-limits
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FIRST LINE OF DEFENCE
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A fine balance
Markets in agriculture must be allowed to function