The ten big policy plays: Key economic initiatives India has seen under Modi from 2014 to 2024


The goods and services tax, the bankruptcy code, PM-Kisan — key economic initiatives India has seen over the past 10 years. The last decade has also been marked by big social interventions, beginning with the financial inclusion drive launched soon after the NDA came to power in 2014. The results of these measures will serve as the launch pad for achieving developed economy status in 2047. A look at some of the transformative policy changes over the decade.2014: Pradhan Mantri Jan Dhan YojanaThe government announces the Pradhan Mantri Jan Dhan Yojana scheme to drive financial inclusion

2015: Insolvency and Bankruptcy CodeThe Insolvency and Bankruptcy Code bill, which lays the foundation for faster and more efficient insolvency resolution, introduced in Lok Sabha

Untitled2

2016: DemonetisationOn November 8, the Prime Minister announces demonetisation of Rs 500 and Rs 1,000 notes to promote cashless transactions and curb the shadow economy

Untitled3

2017: Good and Services TaxThe government implements one nation-one tax to simplify the tax regime

Untitled4

2018: Pradhan Mantri Jan Aarogya YojanaThe health assurance scheme is started to provide health cover of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation

Untitled5

2019: PM-KISANThe government launches PM-Kisan Samman Nidhi to transfer Rs 6,000 per annum as minimum income support to farmers

Allocations – FY19: Rs 1,241 crFY20: Rs 48,714FY21: Rs 60,990FY22: Rs 66,825 crFY23: Rs 58,254 crFY24: Rs 60,000 cr

Untitled6

2020: New Income Tax RegimeThe government introduces a new tax regime for individual taxpayers with no exemptions, running parallel with the old tax regime

Untitled7

2021: PM Gati ShaktiThe government launches Gati Shakti to push for the coordinated implementation of infrastructure connectivity projects

Untitled8

2022: Developed India@2047The Prime Minister sets 2047 as the target for making India a developed economy, to mark the 100th year of the country’s independence

Untitled9

2023: Sun, Moon & StarsIndia successfully lands Chandrayaan-3 on the moon and launches its first mission dedicated to observe the sun

Untitled10

OTHER KEY DEVELOPMENTS:India hosts G20 ?India announces it will release a National Data Governance Policy

(You can now subscribe to our Economic Times WhatsApp channel)



Source link

Hot this week

The Best Way to Keep Track of New and Upcoming Queer Books

There have never been more new queer books coming...

Sgt. First Class (res.) Lidor Porat killed in southern Lebanon, IDF announces

Sergeant First Class (res.) Lidor Porat, a 31-year-old soldier...

How a Norwegian pastor helped Jews pray in secret during the Holocaust

The Holocaust in Norway was especially devastating relative to...

Ghazal, youngest female Kurdish Peshmerga, dies after IRGC strike and medical neglect

Friends and comrades of Ghazal Molan, a 19-year-old Peshmerga...

Israeli scientists successfully germinate rare Swamp Orchid in conservation breakthrough

After years of failed conservation attempts, Israeli ecologists have...

Israeli drone‑detection start-up scores major US commercial breakthrough

The Israeli start-up Tondo Smart completed a successful pilot...

Between missiles and swifts: A stay at the Gordonia hotel – review

“Where are you from?” I asked.“Tel Aviv.”“Oh, you are...

A cold, allergy or asthma? An expert doctor explains how to identify

One week rainy, the next already a heatwave –...

Ittai Binnun’s ‘Home’: Jerusalem jazz meets post–Oct 7. reality

There don’t appear to be too many musical bases...

Damascus claims to arrest more Hezbollah-linked cell members behind plot to kill rabbi

Five more members of a Hezbollah-linked terrorist cell, who...

Supreme Court justices accuse Levin of deepening judge shortage as appointments clash escalates

A sharp new confrontation over judicial appointments broke into...
Advertisementspot_img

Related Articles

Advertisementspot_imgspot_img