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Highlights of Finance Minister announcement on 13th May, 2020

Members are aware that Finance Minister Nirmala Sitharaman addressed a press conference on 13th May, 2020 to give out details of a Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modi on Tuesday the 12th May, 2020 to soften the devastating impact of coronavirus pandemic and the lockdown on the Indian economy.

Today, FM announced package of 6 lakh crore for MSME sector. Sitharaman says that the package will spur growth and build a self-reliant India and push local brands to be competitive at the global level, but not make India an isolationist economy. She says that the package to build an ‘AATMANIRBHAR BHARAT‘ was realised after long deliberations with all sections of the society.

 

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May-13-20