GoM to meet today to review and monitor eco package-July 2024-www.financetom.com

GoM to meet today to review and monitor eco package

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

GoM to meet today to review and monitor eco package

May 18, 2020 2:30 AM

A meeting of group of ministers (GoM) with the responsibility of monitoring Rs 21 lakh crore special economic package is to take place at the residence of Defence Minister Rajnath Singh on Monday.

Share Market Live

NSE

Union Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Rural Development Minister Narendra Singh Tomar and Cabinet Minister Smriti Irani among others will attend the meeting to be held at 12 noon on Monday.

The GoM is likely to review the announcement of the economic revival package totalling an economic value of Rs 21 lakh crore by Finance Minister Sitharaman on five consecutive days.

The economic package will tend to the needs of the MSME sector, as well as reform certain agricultural infrastructure in the country. The central government has stepped up reforms for sectors including coal, minerals, defence production, air space management, and airports.

The GoM is also likely to strategize how the benefits of the economic package reach to the needy and the most vulnerable as they are the ones who are the hardest hit by the prolonged lockdown enforced due to the coronavirus pandemic.

Also, catch all the latest updates and trends on the novel coronavirus with CNBCTV18's blog.

First Published:May 18, 2020 11:30 AM IST

Previous page： Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital Next page： India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital

Nov 29, 2023

Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.

India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh

Oct 18, 2023

Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.

In fight to curb climate change, a grim report shows world is struggling to get on track

Nov 14, 2023

The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.

JPMorgan has a new way to gauge its green progress

Nov 15, 2023

As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.