Kashmir Indepth

FM Sitharaman to share details of Rs 20 lakh cr package at 4 pm today

New Delhi: Union Finance Minister Nirmala Sitharaman will address the media at 4 pm on Wednesday to share the details on economic package that was announced by Prime Minister Narendra Modi on Tuesday.

In a televised address to the nation on Tuesday evening, PM Modi announced Rs 20 lakh crore – equivalent to 10 per cent of India’s GDP — in fiscal and monetary measures to support an economy badly hit by the 50-day lockdown to fight the spread of COVID-19.

The package includes Reserve Bank of India (RBI)’s assistance and a Rs 1.74 lakh crore fund announced earlier, days after the country went into lockdown to slow the spread of coronavirus.

He had said the details of the package would be shared by Sitharaman.

In a series of tweets after the address, the Finance Minister called it not just a financial package but a “reform stimulus and a mindset overhaul”.

“A special economic package is being announced- for an Atma Nirbhar Bharat Abhiyan with nearly 10% of a GDP (approx Rs 20 lakh) getting committed. MSMEs and the honest middle class help build a selfreliant India,” she tweeted.

“Indian economy has acquired strength in its various dimensions. Now, we can confidently engage with the world. We aim at overall transformation & not incremental changes. We shall convert the pandemic challenge into an opportunity. AatmanirbharBharat will integrate not isolate,” her another tweet read

“AatmanirbharBharat Abhiyan to include everyone-a hawker/street vendor, a trader, a MSME, an honest tax paying middle class,a manufacturer etc. This shall not be just a financial package, but a reform stimulus, a mindset overhaul, and a thrust in governance,” Sitharaman posted.

Self-reliant India “does not imply isolationism or becoming exclusionist,” she posted.

“We’ll build capacities, skill people and compete globally acquiring strengths. We’ll build the Local. After all, every global brand began with their Local strength.”

Related posts

Facebook, WhatsApp become fake news factories in India

Kashmir Indepth

ICMR to participate in Global Solidarity Trial for COVID-19 treatment

Kashmir Indepth

Rupee opens 18 paise lower at 70.18 against US dollar

Kashmir Indepth

PM Modi urges people to collectively ensure flora and fauna thrives on mother Earth; Urban Forest Programme launched on World Environment Day

Kashmir Indepth

Jet Airways employees seek Prez’s intervention for salary dues, emergency funds to airline

Kashmir Indepth

India withdrew request for financing Amaravati project: World Bank

Kashmir Indepth

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy