FM Nirmala Sitharaman live news: 3rd tranche of Rs 20 lakh crore Atmanirbhar Bharat Abhiyan package

New Delhi: Finance Minister Nirmala Sitharaman on Friday announced the third tranche of the Atmanirbhar Bharat Abhiyan economic package of Rs 20 lakh crore.

FM's announcements focused on 11 measures today. 8 of them related to infrastructure related to agriculture and allied activities and the rest three pertained to governance and administrative reforms.

On Thursday (May 14) Sitharaman announced the second tranche of measures related to Atmanirbhar Bharat. The FM 2nd tranche of package laid focus on migrant workers, street vendors, small traders, small farmers.

On Wednesday (May 13) Sitharaman announced the first tranche of measures related to Atmanirbhar Bharat. The FM gave details of 15 new and some enhanced measures to revive businesses. She announced a host of fiscal and regulatory measures for MSMEs, Real Estate, NBFCs, EPF, and Discoms.

Sitharaman has said that the Rs 20 lakh crore economic package is to spur growth and build a self-reliant India. The package was finalised after consulting various stakeholders.

It may be noted that PM Modi in his speech had emphasised that bold reforms are needed to make the country self-reliant so that the impact of crisis such as COVID can be negated in future that ranges from supply chain reforms for agriculture, rational tax system, simple and clear laws. He also pointed that measures must be in place to attract investment and further strengthen 'Make in India'.

Here are the Live Updates

15 May 2020

17:02 IST

Stock limit to be imposed under very exceptional circumstanes like national calamities, famine with surge in prices

No such stock limit shall apply to processors or value chain participant, subject to their installed capacity or to any exporter subject to the export demand

17:01 IST

EC Act, 1955 was enacted in days of scarcity

Need to enable better price realisation of farmers by attracting investments and making agriculture sector competitive