FM Nirmala Sitharaman likely to announce details of economic stimulus package today
Finance Minister Nirmala Sitharaman will address a press conference at 4 PM today in New Delhi, her office informed today morning in a tweet. Sitharaman expected to provide the details of Rs 20 lakh crore economic package which was announced by Prime Minister Narendra Modi on Tuesday.
In his address to the nation, PM Modi also announced massive new financial incentives on top of the previously announced packages for a combined stimulus of Rs 20 lakh crore.
This will play a very important role in the 'Atmanirbhar Bharat Abhiyan'. The announcements which were made by the government over COVID-19, decisions of RBI & today's package totals to Rs 20 Lakh Crores. This is 10% of India's GDP,"
Equity benchmark Sensex rallied over 1,400 points in the opening session on Wednesday as Prime Minister Narendra Modi's Rs 20 lakh crore stimulus package to revive the coronavirus-hit economy boosted domestic investor sentiment.