In a series of tweets after the address, Finance Minister Nirmala Sitharaman called it not just a financial package but a “reform stimulus and a mindset overhaul”.
New Delhi, May 13:
Finance Minister Nirmala Sitharaman will address a press conference at 4 pm today to share details of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi yesterday to tackle the impact of coronavirus and weeks of lockdown on the economy.
This is the first of a series of press briefings by the Finance Minister in the coming days.
In a televised address to the nation on Tuesday evening, PM Modi announced Rs 20 lakh crore – equivalent to 10 per cent of India’s GDP — in fiscal and monetary measures to support an economy badly hit by the 50-day lockdown to fight the spread of COVID-19.
If our sankalp is #selfreliantIndia since we have everything that it takes for achieving it we indeed can attain the goal. Skill, enterprise and the spirit that converted the earth-quake affected Kutch (Gujarat) into a prosperous area can help our sankalp.
— Nirmala Sitharaman (@nsitharaman) May 12, 2020
After a devastating earthquake in 2001, Kutch was built, thanks to the undaunted spirit & dedication of its people. Recalling that experience PM @narendramodi felt that people of India will lead the #AatmanirbharBharat Abhiyan.
— Nirmala Sitharaman (@nsitharaman) May 12, 2020
The package includes Reserve Bank of India (RBI)’s assistance and a Rs 1.74 lakh crore fund announced earlier, days after the country went into lockdown to slow the spread of coronavirus.
He had said the details of the package would be shared by Ms Sitharaman.
In a series of tweets after the address, the Finance Minister called it not just a financial package but a “reform stimulus and a mindset overhaul”.
“#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,” Ms Sitharaman posted.
Self-reliant India “does not imply isolationism or becoming exclusionist,” she posted.
“We’ll build capacities, skill people and compete globally acquiring strengths. We’ll build the #Local. After all, every global brand began with their #Local strength.”