WATCH : FM Nirmala Sitharaman announces economic reforms
Finance Minister Nirmala Sitharaman will address the media at 3 pm today. India braces itself for a third wave of infections. Though the exact announcements are not known, the FM, Nirmala Sitharaman is likely to extend some economic relief measures for the sectors badly affected by the second wave of pandemic. Also read PM Modi’s address to the nation
The total number of coronavirus cases in the country now stand at 30,279,331. There are 572,994 active cases at present and 29,309,607 people have recovered from the disease.
Key Updates from FM Nirmala Sitharaman’s speech
3:00 PM The media briefing is expected to begin shortly.
3:10 PM FM’s media briefing begins. Will be announcing 8 economic reliefs
3:10 PM ₹1.1 Lakh crore loan guarantee scheme for COVID affected sectors. ₹50,000 crores for health sector, balance for other sectors
3:17 PM Additional ₹1.5 lakh crore for emergency credit line guarantee scheme
3:20 PM Credit Guarantee Scheme to facilitate loans to 25 lakhs persons through Micro Finance Institutions (MFIs). This is a new scheme.
3:26 PM Reviving tourism: Financial support to more than 11,000 registered tourist guides/travel and tourism stakeholders. This is a new scheme.
3:30 PM Free tourist visa to 5 lakh tourists.
3:33 PM Extension of Atmanirbhar Bharat Rozgar Yojana
3:37 PM Additional subsidy for DAP & P&K fertilizers
3:42 PM Extension of Pradhan Mantri Gareeb Kalyan Anna Yojana (PMGKAY)
3:46 PM ₹23,220 crore more for public health
3:51 PM Fighting malnutrition and improving farmers’ income: release of climate resilient special traits varieties
3:55 PM Revival of North Eastern Regional Agricultural Marketing Corporation (NERAMAC)
4:00 PM ₹33,000 crore boost for Project Exports through National Export Insurance (NEIA)
4:03 PM ₹88,000 crore boost to Export Insurance Cover
4:04 PM Digital India: ₹19,041 crore for broadband to each village through BharatNet PPP Model
4:08 PM Extension of tenure of PLI scheme for large scale electronics manufacturing
4:11 PM ₹3.03 lakh crore for reform based result linked power distribution scheme
4:16 PM New streamlined process for PPP Projects and Asset monetisation
4:18 PM Total financial details summary of the schemes being presented
The press conference has ended and the floor is now open for questions for the press personnel.