Nirmala Sitharaman LIVE updates: FM may announce stimulus package shortly
Finance Minister Nirmala Sitharaman will address a press conference at 12:30 pm today. She is expected to announce the fourth tranche of the government’s stimulus to tide over the economic crisis in the wake of the coronavirus pandemic. There is a talk that her latest in a series of measures announced in the past few months will be a $20-billion stimulus package, according to News agency IANS.
The package would follow Wednesday’s announcement of production-linked incentives (PLI) worth about $27 billion over five years for manufacturers in 10 sectors. To give an impetus to the manufacturing sector, the Union Cabinet on Wednesday approved a mega PLI scheme for 10 sectors at a total outlay pegged at Rs 1.46 trillion.
Stay tuned for LIVE updates on Nirmala Sitharaman’s announcements on economic stimulus.