Finance Minister Nirmala Sitharaman will address a press conference today at 4 pm to share details of the Rs 20 lakh crore package, announced by PM Modi.
“Finance Minister Smt. @nsitharaman will address a Press Conference today, 13th May 2020, at 4 PM in New Delhi,” Ministry of Finance tweeted.
In a series of tweets, Sitharaman on Tuesday said, “This shall not be just a financial package, but a reform stimulus, a mindset overhaul, and a thrust in governance.”
“#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,” 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,” she added.
On Tuesday, PM Modi announced a special economic package and gave a clarion call for ‘Atmanirbhar Bharat’. He noted that this package, taken together with earlier announcements by the government during COVID crisis and decisions taken by RBI, is to the tune of Rs 20 lakh crore, which is equivalent to almost 10% of India’s GDP. He said that the package will provide a much needed boost towards achieving ‘Atmanirbhar Bharat’.
Modi observed that the package will also focus on land, labour, liquidity and laws. It will cater to various sections including cottage industry, MSMEs, labourers, middle class, industries, among others.
Prime Minister said that several bold reforms are needed to make the country self-reliant, so that the impact of crisis such as COVID, can be negated in future.