17 May, 2020
6 Min Read
Coronavirus package | Government throws open defence production
Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST)
Fourth tranche of stimulus focuses on reforms across industry, aviation and space.
Steps to indigenise defence production by banning the import of some weapons and platforms while hiking foreign direct investment into the sector were among the highlights of the fourth tranche of the Aatmanirbhar Bharat Abhiyan package, which seemed to focus more on industry reforms than any sort of economic stimulus.
Union Finance Minister also announced measures to introduce commercial mining in the coal sector, liberalise the mineral sector, ease airspace restrictions and encourage private involvement in space and atomic energy projects.
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