Nirmala Sitharaman to announce fifth and final tranche of Rs 20 lakh economic package at 11 am today
New Delhi | Jagran Business Desk: Union Finance Minister Nirmala Sitharaman will announce the fifth and final tranche of the Rs 20 lakh crore economic stimulus package at 11 am on Sunday.
This will be the final tranche of the Rs 20 lakh crore economic package that was announced by Prime Minister Narendra Modi earlier this week to revive the economy that has taken a hit because of the coronavirus lockdown.
Sitharaman on Saturday announced the fourth tranche of the economic package. In her fourth address, Sitharaman said that the central government will introduce competition, transparency and private sector participation in the coal sector and will do infrastructure development of Rs 50,000 crore.
She announced measures for eight sectors – coal, minerals, defence production, aviation/airspace management, MRO (maintenance, repair and overhaul), power distribution companies, space, atomic energy. -- in the fourth tranche.
Earlier on Friday, Sitharaman announced Rs 1 lakh crore Agri Infrastructure Fund for farm gate infrastructure for farmers and Rs 10,000 crore scheme for the formalisation of Micro Food Enterprises (MFEs) under the Rs 20 lakh crore stimulus package.
She also proposed amendments to the Essential Commodities Act to enable better price realisation for farmers, and said no stock limit should apply to processors or value chain participants.
On Thursday, the Finance Minister announced the 'One Nation One Ration Card', free food grain supply to migrants and creation of affordable rental housing complexes (ARHC) in urban areas for migrant workers and poor under the COVID-19 stimulus package.
The announcements came after the PM Modi on Tuesday announced the economic package for the country to become 'self-reliant' and deal with coronavirus crisis.
The special economic package will have emphasis on land, labour, liquidity and laws, and will be for "our labourers, farmers, honest tax payers, MSMEs and cottage industry", PM Modi had said.
(With ANI inputs)
Posted By: Aalok Sensharma