Categories: Business

Finance Minister Nirmala Sitharaman Economic Package live updates latest news. Finance Minister Nirmala Sitharaman will hold press conference at 11 am today, there may be many big announcements

Photo: ANI

Finance Minister Nirmala Sitharaman

new Delhi. Today i.e. Sunday (May 17, 2020) at 11 am, Finance Minister Nirmala Sitharaman will announce the final link of the economic package. Please tell that, Finance Minister Nirmala Sitharaman has been giving information about PM Modi's special economic package of 20 lakh crore rupees for the last 4 consecutive days. The Finance Minister has so far announced four phases of the Special Economic Package. In the fourth phase of the relief package announced on Saturday, announcements were made for several sectors including aviation.

In the fourth installment released on Saturday (May 16, 2020) of the Self-Reliant India Campaign Package, the government today announced several reforms and reform processes to increase private participation with investment in 8 sectors and ease of business for all parties. Announcements were made for space, coal, minerals, defense production, aviation sector, power distribution, social infrastructure and nuclear power technology. Now the private sector will be able to take the facilities of ISRO, private sector should come forward in the search of new planets or space travel, this will be our endeavor. 30% of the central and 30% of the state governments will give in the Viability Gap funding, but the remaining area will remain 20-20%. A provision of about Rs 8100 crore has been made for this.

The Finance Minister said that there will be some changes in the power sector. Consumers will have their rights, adequate electricity, consumers will not have to bear the loss of electricity companies. Electricity generation will get a boost. Competition will increase in power generation companies. They will also be selected on the same basis, so that they can provide good facilities. Privatization of Power Discom will be the first in the Union Territory. If power is cut without telling, then the company will be fined.

This post was published on May 17, 2020 10:01 am

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