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Home / Business News / Focus on 8 sectors in FM Nirmala Sitharaman’s stimulus announcement

Focus on 8 sectors in FM Nirmala Sitharaman’s stimulus announcement

She was announcing the fourth tranche of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi during his address to the nation on May 12, vowing to make India atmanirbhar or self-reliant.

business Updated: May 16, 2020, 18:11 IST
hindustantimes.com| Edited by: Meenakshi Ray
hindustantimes.com| Edited by: Meenakshi Ray
Hindustan Times, New Delhi
The finance minister said many sectors need policy simplification to make it simpler for people to understand what that sector can give, participate in activities and bring transparency.
The finance minister said many sectors need policy simplification to make it simpler for people to understand what that sector can give, participate in activities and bring transparency. (Bloomberg file photo. Representative image )

Eight sectors will be the focus of the day’s announcement, including coal, mineral, defence production, civil aviation areas, space sector and atomic energy, Union minister Nirmala Sitharaman said on Saturday as she unveiled the fourth set of stimulus measures.

The finance minister said many sectors need policy simplification to make it simpler for people to understand what that sector can give, participate in activities and bring transparency.

Also read| Govt will notify list of weapons for ban on import with year wise timelines: Sitharaman

“Once we decongest sectors, we can boost the sector for growth and jobs,” she said during her press briefing.

She was announcing the fourth tranche of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi during his address to the nation on May 12, vowing to make India atmanirbhar or self-reliant.

Also read: Nirmala Sitharaman announces easing of restrictions on utilisation of air space

The finance minister held her first press conference to share details of the stimulus package on Wednesday. The second and third phase of announcements on Centre’s economic package were made on Thursday and Friday.

Her last press conference will be on Sunday.

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