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Nirmala Sitharaman to shriek subsequent location of measures at 4pm this day

NEW DELHI: Union finance minister

Nirmala Sitharaman

will shriek the 2d tranche of measures of the manager’s Rs 20 lakh crore financial bundle at a press convention at 4 pm on Thursday.

The files concerning the click convention used to be given through a tweet by the ministry of finance, earlier in the day.

Finance Minister Smt. @nsitharaman will address a Press Convention this day, 14th Can also simply 2020, at 4 PM in Unique Delhi.… https://t.co/mbZup2DUVC

— Ministry of Finance 🇮🇳 #StayHome #StaySafe (@FinMinIndia) 1589432362000

Here’s the 2d such briefing by the finance minister after High Minister

Narendra Modi

— in a televised address to the nation on Can also simply 12 — launched a particular stimulus bundle to revive the

economy

that has been battered by weeks-long lockdown to curb the spread of the original coronavirus.

In the first tranche on Wednesday, Sitharaman launched about Rs 6 lakh crore bundle comprising Rs 3 lakh crore of collateral-free loans for limited companies and a Rs 30,000 crore lifeline to non-monetary institution and housing finance companies as half of measures to support the economy tide over disruptions induced by the coronavirus lockdown.

The minister additionally launched in the good buy of in tax rate on non-wage funds by 25 per cent, strengthen to companies to fulfill statutory liability on employees’ retirement fund, supplied a Rs 90,000 crore bailout to cash-starved electrical energy distribution companies and gave construction companies as much as six more months to entire the manager initiatives.





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