Finance Minister Nirmala Sitharaman to address press conference at 4 pm today, likely to share details of Rs 20 lakh crore package

Finance Minister Nirmala Sitharaman will address a press conference at 4 pm today in which she's expected to share details of the Rs 20 lakh crore economic package announced by Prime Minister Narendra Modi on Tuesday in his address.

The Prime Minister spoke about making India self-reliant and announced an Aatma Nirbhar Economic Package with focus on land, liquidity, labour and laws.

The Rs 20 lakh crore package encompasses the government's Rs 1.7 lakh crore package announced in March and the liquidity measures announced by the RBI for NBFCs and the financial sector.


The finance minister is expected to announce package for the MSME sector which has bore the brunt of the lockdown as sales have frozen and payments from bigger industrial units are overdue. A credit guarantee scheme could likely be announced.

Tax sops could be on the table for certain labour-intensive sectors where scope for indigenisation is more.