Nirmala Sithraman to address media at 4 pm today to share details of Rs 20 lakh crore economic package
New Delhi | Jagran News Desk: Finance Minister Nirmala Sitharaman will address the media at 4 pm on Wednesday to share the details of the Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi on Tuesday in his address to the nation, to tackle the coronavirus-induced lockdown impact on the economy.
The address will be the first from the finance minister on the stimulus package after PM Modi during his address on Tuesday announced the Rs 20 lakh crore stimulus package for the coronavirus-battered economy and said that the details on the package will be shared by shared by the finance minister in the coming days.
Earlier yesterday, shortly after PM Modi's address, Nirmala Sitharaman, in a series of tweets, said that this is not just a financial package but a reform stimulus and a mindset overhaul, and asserted that 'Atmanirbhar (Self Reliant) Bharat will integrate not isolate'.
She also said that India's economy has acquired strength in various dimensions and now it can confidently engage with the world.
"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 said in a tweet.
"#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 said in another tweet.
In his third address to the nation on coronavirus crisis, Prime Minister Narendra Modi on Tuesday announced a special economic package for the poor, farmers and middle-class taxpayers of the country. He said that the economic stimulus package, along with the recent decisions by the Centre and Reserve Bank of India, will be worth Rs 20 lakh crore.
About the financial package, he said it will be around the 10 per cent of the GDP and will address problems of a wide range of sectors as well as difficulties of the migrant workers.
Prime Minister also asserted that local suppliers have met the country's demands in this hour of crisis, urging that Indians will have to be "vocal about local" and buy products from them, adding, that the goal of the country is to become "self-reliant" and identify economy and infrastructure as key drivers for it.
"Time has taught us that we must make 'local' the mantra of our lives. Global brands that are there today were once local too but when people there started supporting them they became global. That is why from today, every Indian must become vocal for our local," PM Modi said in his address.
Posted By: Talib Khan