Nirmala Sitharaman to announce next set of measures at 4pm today

NEW DELHI: Union finance minister Nirmala Sitharaman will announce the second tranche of measures of the government's Rs 20 lakh crore economic package at a press conference at 4 pm on Thursday.
The information regarding the press conference was given through a tweet by the ministry of finance, earlier in the day.

This is the second such briefing by the finance minister after Prime Minister Narendra Modi -- in a televised address to the nation on May 12 -- announced a special stimulus package to revive the economy that has been battered by weeks-long lockdown to curb the spread of the novel coronavirus.
In the first tranche on Wednesday, Sitharaman announced about Rs 6 lakh crore package comprising Rs 3 lakh crore of collateral-free loans for small businesses and a Rs 30,000 crore lifeline to non-bank and housing finance companies as part of measures to help the economy tide over disruptions caused by the coronavirus lockdown.
The minister also announced cut in tax rate on non-salary payments by 25 per cent, support to companies to meet statutory liability on employees' retirement fund, provided a Rs 90,000 crore bailout to cash-starved electricity distribution companies and gave construction firms up to six more months to complete the government projects.