Finance Minister Nirmala Sitharaman will soon announce a comprehensive package to deal with coronavirus impact on the economy.The announcement is expected to take place at 1 pm on Thursday, according to an official.Earlier this week, the Finance Minister had said a package is under works and will be announced soon.Prime Minister Narendra Modi last week had constituted a task force headed by the Finance Minister to work out a package for the economy hit by coronavirus.On Monday, Modi held two separate interactions with heads of media houses and leaders of India Inc. via video conferencing to discuss the fallout of the coronavirus crisis.India Inc., through industry associations such as CII (Confederation of Indian Industry) and Assocham (The Associated Chambers of Commerce and Industry of India), had earlier written to Prime Minister Modi and Finance Minister Nirmala Sitharaman seeking measures such as a year-long moratorium by banks on debt repayment, tax cuts and fiscal stimulus amounting to Rs 2 lakh crore to needy citizens through Aadhaar-based direct benefit transfer.
Nirmala Sitharaman will soon announce a comprehensive package to deal with coronavirus impact on the economy
