From UPSC perspective, the following things are important :
Prelims level : Atmanirbhar Bharat Abhiyan
Mains level : Self-reliance measures
Finance Minister has announced a fresh set of relief and stimulus measures for the economy worth ₹1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic.
Assist this newscard with:
- Atmanirbhar Bharat, which translates to ‘self-reliant India’ or ‘self-sufficient India’, is the vision of our PM of making India a bigger and more important part of the global economy.
- It doesn’t mean “self-containment”, “isolating away from the world” or being “protectionist”.
- It calls for pursuing policies that are efficient, competitive and resilient, and being self-sustaining and self-generating.
- The five pillars of ‘Atmanirbhar Bharat’ are stated as economy, infrastructure, technology-driven systems, vibrant demography and demand.
Highlights of the Package 3.0