India’s Rs 20 lakh crore Covid relief package one among the largest in the world

Union Finance Minister Nirmala Sitharaman will hold a press conference at 4.00 pm on May 14 to share more details on the COVID-19 economic relief package.

This will be the second in a series of planned press conferences. On May 13, FM Nirmala Sitharaman announced the first tranche of the package’s details.

Measures announced on May 13 were aimed at alleviating the stress in sectors such as micro, medium, and small enterprises (MSMEs), power discoms and real estate.

The government announced a Rs 90,000 crore liquidity infusion in electricity distribution companies to help them overcome the current financial stress.

The Finance Minister’s announcements were also aimed at improving the sagging morale of India’s workforce, facing the brunt of a slowing economy and muted corporate earnings.

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▪️ 2 months Ago