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Sitharaman makes important announcement during 4th phase

On Saturday, Finance Minister Nirmala Sitharaman addressed the media in the fourth phase of announcement on government’s Rs 20 lakh crore economic stimulus packages.

 

Sitharaman said that the fourth day of the announcements on the stimulus package will focus primarily on “structural reforms”.

 

“The direct benefit transfer (DBT) has become very useful for us to be able to directly give money in the hands of people. GST, which was pending for a very long time. All states were taken on-board. GST brought in ‘one nation-one market,” Sitharaman noted.

 

The finance minister also said that several steps have been taken under PM Modi’s leadership for the ease of doing business, “so that India becomes an attractive destination for investment,” she said.

 

Sitharaman said that over the days, along with her team, she has been announcing the various steps that the government wants to take to give stimulus to the economy and help various sectors.

 

“We have made several announcements and introduced many measures. We also made sure people don’t have to struggle to file taxes and have given a boost to the MSMEs,” the finance minister said.

 

Sitharaman said that today’s announcements will focus on structural reforms in 8 sectors – coal, minerals defence production, airspace management, MROs power distribution companies, space sectors, atomic energy.