Delhi / Finance Minister Nirmala Sitharaman will address a press conference at 3 p.m.
Delhi / Finance Minister Nirmala Sitharaman will address a press conference at 3 p.m.
Union Finance Minister Nirmala Sitharaman will hold a press conference today (June 28) at 3 p.m.
Union Finance Minister Nirmala Sitharaman is addressing a press conference. The finance minister has announced some new relief measures amid economic distress caused by the second wave of COVID-19 in the country. After the pandemic began in March 2020, the Ministry of Finance and the Reserve Bank of India (RBI) had announced several measures to aid individuals and business during the first wave of COVID-19 cases. Many of the schemes were announced under the Pradhan Mantri Garib Kalyan Yojana and the Aatmanirbhar Bharat economic stimulus package.
FM Sitharaman Press Conference LIVE Updates: EPF support to employers and employees under Aatmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022.
FM Sitharaman Press Conference LIVE Updates: Free tourist visas will be given to the first 5 lakh tourists, once visa issuance resumes. Total financial implication of the measure is Rs 100 crore.
FM Sitharaman Press Conference LIVE Updates: Finance minister announces financial support to more than 11,000 registered tourist guides/travel and tourism stakeholders through the loan guarantee scheme for COVID-affected sectors.
FM Nirmala Sitharaman Press Conference LIVE Updates: Credit guarantee scheme announced to facilitate loans of up to Rs 1.25 lakh per individual to 25 lakh persons through MFIs. Interest rate on loans from banks will be capped at MCLR plus 2 percent.
FM Sitharaman Press Conference LIVE Updates: Additional Rs 1.5 lakh crore announced under the Emergency Credit Line Guarantee Scheme (ECLGS). Sector-wise details will be finalised as per evolving needs
FM Nirmala Sitharaman Press Conference LIVE Updates: Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors announced. Of this, Rs 50,000 crore has been allocated to the health sector and Rs 60,000 crore for other sectors
According to media reports, the finance minister is likely to make announcements related to some economic relief measures.
According to news reports, the Finance Ministry may include an Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore in the financial relief measures under consideration.
It may also announce plans to boost healthcare infrastructure in tier-two cities. D.A. of Central Employees. Payment can also be announced.
Delhi / Finance Minister Nirmala Sitharaman will address a press conference at 3 p.m.
Likely to make a big announcement
Fiscal incentives could be increased to help a still recovering economy from the effects of the second wave and the sanctions imposed by the states.
Over the past few weeks, finance ministry representatives have said the center is ready for a stimulus package to boost the economy.
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