We have to be prepared for tough competition: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman is making the fourth phase announcements related to the economic package of Rs 20 lakh crore through a press conference on Saturday.
Sitharaman is announcing the measures being taken for the people, sectors and industries affected by the lockdown in front of the media every day at 4 pm from Wednesday.
In fact, this relief package was announced by Prime Minister Narendra Modi on Tuesday in his address to the nation. The Finance Minister has announced several relief measures for farmers, livestock farmers, MSME sector, migrant laborers, street vendors and other sections in the three installments so far. Know their big announcement today…
The Finance Minister said that many sectors need easy policies. There is no pressure on banks to give loans to anyone.
The Finance Minister said that we have to be prepared for tough competition. He said that we have made major reforms related to the system. These include reforms related to GST, IBC, Ease of Doing Business, Power Sector Reforms, Tax System Reforms etc.
Finance Minister Nirmala Sitharaman at the beginning of her address on Saturday underlined the importance of the supply chain. He mentioned the steps taken to improve the banking sector. He explained how direct benefit transfer is proving helpful.