Page 413 - ES 2020-21_Volume-1-2 [28-01-21]

40 Economic Survey 2020-21 Volume 2

Measures Nature Policy Tools
• Lowering of Repo and reverse repo rate
by 115 and 155 bps respectively.
• Injection of durable liquidity through
Open Market Operation (OMO)
• Targeted Long Term Repo Operations
(TLTROs) of up to three years’
• Reduction in the CRR requirement of
banks
• Policy Rates • Raised bank’s borrowing limit
• Liquidity • Working capital support- term loan
Monetary • Asset Purchases moratorium, deferment of interest and
measures
• Loan moratorium easing of financing requirements
• Enhanced WMA borrowing limits and
relaxation of CSF withdrawal rules
• Easing of compliance to stressed asset
classify
• Deferment, easing of capital buffer &
liquidity coverage requirements
• Deferring compliance requirements for
FPIs under Voluntary Retention Route
(VRR)
Agriculture
• Farmers’ Produce Trade and Commerce
(Promotion and Facilitation) Act, 2020
• Farmers (Empowerment and Protection)
Agreement of Price Assurance and Farm
Services Act, 2020
• Agriculture • Essential Commodities (Amendment)
• MSMEs Act, 2020
• Labour
• Business Process MSMEs
• New MSME definition covering almost
Outsourcing (BPO)
Structural • Power 99 per cent of all firms enabling MSMEs
reforms to grow in size and create jobs
• Privatization of PSUs • Removal of artificial separation between
• Mineral Sector manufacturing and service MSMEs
• Industry
• Space Labour
• Enactment of four labour codes namely,
• Defence
Wage Code, Industrial Relations Code,
2020, Code on Occupational Safety,
Health & Working Conditions Code, 2020
& Social Security Code, 2020
• ‘One labour return, one licence and one
registration’