FM Sitharaman to announce fourth tranche of Centre’s stimulus package at 4pm

Team Udayavani, May 16, 2020, 9:48 AM IST

New Delhi:  To revive the Indian economy hit by the nationwide spread of the contagious coronavirus disease and the prolonged lockdown, finance Minister Nirmala Sitharaman is all set to announce the fourth tranche of the government’s mega economic relief package at 4pm today, reported news agency ANI.

Finance Minister Nirmala Sitharaman in her 3rd tranche of Aatma Nirbhar Bharat package on Friday, announced several reforms in the agriculture sector. One of the major reforms announced by the government was the amendment in the Essential Commodities Act to deregulate prices of food items.  This, the finance minister said, would not only revive the economy but also unleash its latent potential through opening up of production and marketing avenues.

This package will be the fourth tranche of the Atmanirbhar Bharat Abhiyan economic package of Rs 20 lakh crore.