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Finance Minister Nirmala Sitharaman Latest Live Updates atmanirbhar bharat package part 4. Fourth installment of Self-reliant India package today, Finance Minister Nirmala Sitharaman press conference at 4 pm


Finance Minister Nirmala Sitharaman Latest Live Updates atmanirbhar bharat package part 4

new Delhi. The Union Finance Minister Nirmala Sitharaman will hold a press conference for the fourth consecutive day today i.e. Saturday at 4 pm in relation to the economic package of 20 lakh crore rupees. Finance Minister Nirmala Sitharaman can again give relief to different sectors. This will be the fourth installment of the Rs 20 lakh crore package announced by PM Modi under the Self-Reliant India Package. Let us know that on Friday (May 15), the Finance Minister announced 11 important steps related to farming and allied activities. In the third installment of the economic stimulus package, on Friday, Finance Minister Nirmala Sitharaman announced various measures worth Rs 1.63 lakh crore for the betterment of the agricultural sector. Earlier, she had made important announcements for the MSME sector, taxpayers, salaried class, hawkers and migrant laborers.

Between the Corona crisis and the lockdown, the Finance Minister is constantly making big announcements to strengthen the economy. On Friday, Nirmala Sitharaman gave great relief to the farmer. During this period, 11 announcements were made for the agriculture sector, 8 decisions related to agriculture and infra, while 3 decisions were about governance and reform. The government announced a grant of one lakh crore rupees for agricultural infrastructure. During this time, an important decision was taken regarding changes in the Essential Commodities Act 1955, now grains, oilseeds, onions, potatoes etc. will be freed from this act.

At a press conference on Thursday (May 14), Nirmala Sitharaman made 9 big announcements involving street-street traders, small farmers, migrant workers. During this, he said that a special loan of Rs 10,000 will be given for 50 lakh street-trawlers. Similarly, the deadline of rebate on credit loans, credit linked subsidy scheme has been extended.

Finance Minister Nirmala Sitharaman announced a package of around Rs 6 lakh crore for strengthening micro, small and medium industries (MSMEs) in the first phase on Wednesday (May 13). A large part of this package was given to Micro, Small and Medium Businesses (MSME). At the same time, the government has also changed the definition of micro, small and medium businesses. 30,000 crore cash facility has been given to non-banking financial companies, housing finance companies, MFIs. Similarly, electricity distribution companies owe Rs 94,000 crore and they have been given bail out of 90,000 crore.

Let me tell you that in his address to the nation earlier this week (12 May 2020, 8 pm), Prime Minister Narendra Modi announced a total package of 20 lakh crore rupees for the corona virus to relieve the economy. was. This amount sits around 10 percent of the country's GDP. This includes an amount of Rs 1.70 lakh crore for the aid package which was announced on March 25, within a few days of the nationwide lockdown being implemented. Subsequently, the Reserve Bank also announced monetary stimulus measures of about Rs 5.6 lakh crore through various monetary measures.

This post was published on May 16, 2020 3:14 pm

Content Team

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