Rs 20 Lakh Crore Economic Stimulus: Nirmala Sitharaman To Spell Out Details At 4 PM

NEW DELHI: Union Finance Minister Nirmala Sitharaman will address a press conference at 4 pm today to share the details of Rs 20 lakh crore economic stimulus announced by Prime Minister Narendra Modi yesterday to fight coronavirus and boost the economy.

The information regarding the press conference by the Union Finance Minister was given through a tweet by the Ministry of Finance today morning.

Prime Minister Modi who announced Rs 20 lakh crore (USD 265 billion) package to deal with COVID-19 situation in the country is said to be the second largest in Asia after Japan. This is 10 per cent of India’s GDP,” the Prime Minister said in his address to the nation on Tuesday.

This economic package is meant for the small-scale industries, MSMEs, which are the means of livelihood of crores of people and is the strong base of our resolve for self-reliant India.

He also spoke about the importance of making India self-reliant. The emphasis has been given on land, labour, liquidity and laws, in this package also.

He also spoke about the package meant for the country’s workers, farmers, and the middle class of our country, who pay taxes and contribute to the development of the country. While announcing the stimulus, he said the details of the package will be made available by the Finance Minister Nirmala Sitharaman on Wednesday.

Also Read: India’s Rs 20 Lakh Crore Economic Package Is Striking!