Union Finance Minister Nirmala Sitharaman will address a press conference at 12.30 pm today. The presser comes amid wide speculations that the government will announce another mega stimulus worth $20 billion to help the key sectors badly affected due to coronavirus.
Also read: Diwali stimulus! Centre may announce benefits worth $20 billion for stressed sectors
The presser will be held after Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman and other top officials will give the final go-ahead to the fourth mega stimulus plan.
Finance Minister Nirmala Sitharaman (file photo) to address a press conference today. pic.twitter.com/L6bm79k8N9ANI (@ANI) November 12, 2020
Also read: Next set of economic stimulus soon, sectors send suggestions to FinMin
The presser comes a day after the Union Cabinet gave its approval to the Production Linked Incentives (PLI) scheme for 10 sectors, under which businesses will get incentives worth over Rs 2 lakh crore in 5 years.
The PLI scheme intends to enhance India's manufacturing capabilities and exports. "It will make Indian manufacturers globally competitive, attract investment and enhance exports," said Union Minister Prakash Javadekar.
Also read: Cabinet approves PLI scheme worth Rs 2 lakh crore for 10 key sectors for next 5 years
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