Finance Minister Nirmala Sitharaman much awaited press conference on Rs 20 lakh crore economic package which was announced by Prime Minister Narendra Modi on Tuesday will be held today at 4pm. The news was revealed on the official twitter handle of Ministry of Finance. PM Modi said the economic measures earlier announced by the government to tackle the COVID-19 pandemic, steps taken by the Reserve Bank of India (RBI), and the latest package will come up to a total of Rs 20 lakh crore, nearly 10 percent of India's gross domestic product (GDP).
The special economic package will have an emphasis on land, labour, liquidity and laws, and will be for "our labourers, farmers, honest taxpayers, MSMEs and cottage industry", Modi said. "The package will be doled out in 2020 and aimed at minimizing the impact on agriculture, attract investments and ensure self-reliance," he said. PM Modi's ecomomic relief package announcement was hailed by political leaders and celebrities. However, Modi's idea received mixed reviews from Congress leaders.