Page 53 - ES 2020-21_Volume-1-2 [28-01-21]

36 Economic Survey 2020-21 Volume 1

MSMEs • New MSME definition covering almost 99 per cent of all firms enabling
MSMEs to grow in size and create jobs
• Removal of artificial separation between manufacturing and service MSMEs

Labour • 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
• 'One labour return, one licence and one registration'
Business Process • Simplification of the Other Service Provider (OSP) guidelines of the Department
Outsourcing of Telecom. Several requirements, which prevented companies from adopting
(BPO) ‘Work from Home’ and ‘Work from Anywhere’ policies have been removed
Power • Tariff Policy Reform: DISCOM inefficiencies not to burden consumers,
Progressive reduction in cross subsidies, Time bound grant of open access, etc.
• Privatization of Distribution in UTs

PSUs • PSUs in only strategic sectors
• Privatization of PSUs in non-strategic sectors
Mineral Sector • Commercial Mining in Coal Sector
• Removal of distinction between captive and merchant mines
• Transparent auction of mining blocks
• Amendment to Stamp Act, 1899 to bring uniformity in stamp duty across States
• Introduction of a seamless composite exploration-cum-mining-cum-production
regime
Strengthening Productive Capacity
Industry • Production Linked Incentive (PLI) Scheme for 10 identified sectors
• National GIS-enabled Land Bank system launched
Space • Level playing field provided to private companies in satellites, launches and
space-based services
• Liberal geo-spatial data policy for providing remote-sensing data to tech-
entrepreneurs
Defence • Corporatization of Ordnance Factory Board
• FDI limit in the Defence manufacturing under automatic route to be raised
from 49 per cent to 74 per cent.
• Time-bound defence procurement process
Strengthening Productive Capacity
Education • PM-eVidya to enable multi-mode and equitable access to education
• Manodarpan initiative for psychosocial support
Social • Scheme for Financial Support to Public Private Partnerships (PPPs) in
Infrastructure Infrastructure Viability Gap Funding (VGF) Scheme extended till 2024-25
Ease of Doing Business

Financial Markets • Direct listing of securities by Indian public companies in permissible foreign
jurisdictions
• Provisions to reduce time line for completion of rights issues by companies
• Private companies which list NCDs on stock exchanges not to be regarded as
listed companies