FM Nirmala Sitharaman’s 4th phase of announcement on economic package today at 4pm – india news

Union Finance Minister Nirmala Sitharaman will address the media again on Saturday at 4 pm in the fourth phase of announcements on government’s Rs 20 lakh crore package.

Sitharaman held her first press conference and shared details of the stimulus package on Wednesday. The second and third phases of announcements on Centre’s economic package were made on Thursday and Friday.

The finance minister on Friday announced a mix of financial, legislative and reform measures aimed largely at increasing the pricing power of farmers – or share of profits in farm incomes. She proposed to dismantle historical domestic trade barriers, bring new laws for freer food and commodities markets, and better infrastructure.

Sitharaman’s third tranche of measures, aggregating Rs 1.63 lakh crore and part of a larger Rs 20-lakh crore stimulus, did not contain any direct cash transfer programme for farmers, or money in hand, but is a mix of new allocations and top-up to existing agriculturally critical schemes, some them announced in Budget 2020-21 in February.

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