CURRENT AFFAIRS

Detailed explanation-1: -Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman has announced 12 key measures, as part of Government of India’s stimulus to the economy, under AatmaNirbhar Bharat 3.0.

Detailed explanation-2: -Sitharaman said this after announcing the Atmanirbhar Bharat 3.0 package on November 12, under which 12 measures worth Rs 2.65 lakh crore were listed.

Detailed explanation-3: -Atmanirbhar Bharat, which translates to ‘self-reliant India’, is a phrase the Prime Minister of India Narendra Modi and his government used and popularised in relation to the country’s economic development plans.

Detailed explanation-4: -Hon’ble Prime Minister Shri Narendra Modi on May 12th, 2020, announced the Special economic and comprehensive package of Rs. 20 lakh crore - equivalent to 10% of India’s GDP – to fight COVID-19 pandemic in India.