June 25, 2024

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Nirmala Sitharaman PC LIVE: FM likely to announce relief for tourism, aviation sectors

Finance Minister Nirmala Sitharaman is live with the third tranche of measures under the Rs 20-lakh crore package for the revival of the economy hit by novel coronavirus outbreak. Here are the live updates from the press conference.

Finance Minister Nirmala Sitharaman. (Photo: PTI)

Finance Minister Nirmala Sitharaman is announcing e the third tranche of relief measures at a press conference in New Delhi. The government has already announced relief measures to deal with the problems faced by the all-important Micro, Small and Medium-Scale Enterprises (MSMEs) apart from providing free ration and concessional rental benefits for migrant workers.

The government has also announced relief measures to address issues faced by the realty sector, street vendors and small traders. Sources have confirmed to India Today that the finance minister is expected to announce relief measures to help the virus-hit hospitality and aviation sectors.

Follow Live Updates:

04:07 PM: The government to announce 11 measures for the agriculture and allied sector today. Eight of these measures will be related to strengthening of the infrastructure to quickly ramp up storage, capacity and logistics etc, and the rest three will be linked to governance and administrative reforms, Finance Minister Sitharamna said.

04:05 PM: The finance minister said that today’s announcements will be focussed on agriculture and allied services, like fisheries and food processing.

04:04 PM: Finance Minister Nirmala Sitharaman PC on the third tranche of Rs 20-lakh economic package begins

03:51 PM: Finance Minister Nirmala Sitharaman’s press conference to begin shortly. Stay tuned.

03:45 PM: Finance Minister Nirmala Sitharman will shortly address a press conference where she will announce the third tranche of the Rs 20 lakh crore mega economic relief package to revive the coronavirus-hit economy. Sources have informed that the government will focus on providing relief to the hospitality and aviation sectors today.

Read | Stimulus package Day 2: Free food, credit & housing in focus as govt unveils sops for migrants, farmers

Read | Covid-19: WHO has warned but why exactly may coronavirus never go away?

Watch | Mumbai family, including 86-year-old woman, share their coronavirus recovery journey

IndiaToday.in has plenty of useful resources that can help you better understand the coronavirus pandemic and protect yourself. Read our comprehensive guide (with information on how the virus spreads, precautions and symptoms), watch an expert debunk myths, and access our dedicated coronavirus page.
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