Atmanirbhar Bharat: FM Nirmala Sitharaman to address media on phase two economic package

New Delhi, May 14: Union Finance Minister Nirmala Sitharaman will on Thursday address a press conference again at 4 pm. This announcement, by the Finance Minister, will be the second phase of announcements on government's Rs 20 lakh crore package.

On Wednesday, Sitharaman had held a press conference and shared details of the stimulus package. Over the next few days, the Finance Minister will be seen, along with her team to put forth the Prime Minister's vision and share more details on the economic package.

Coronavirus crisis: No meals served to passengers, same pilots; New rules for flying

Earlier, Sitharaman had announced a slew of measures under the economic package that she said would infuse vigour in the economy and benefit various economic sectors.

Addressing the media, Sitharaman said that TDS, TCS rate for non-salaried payments for period up to March 31, 2021 has been cut by 25 per cent. She also said that the move would release Rs 50,000 crore.

The complete list of announcements made by Finance Minister Nirmala Sitharaman

To provide more take home salary for employees and to give relief to employers in payment of Provident Fund, Sitharaman said that Employees' Provident Fund Organisation (EPF) contribution is being reduced for businesses and workers for three months, amounting to liquidity support of Rs 6,750 crores.

The finance minister did not miss a chance to reiterate the importance of "self-reliant India" which is also called as Atmanirbhar Bharat in the press conference. She said the announcement, made by PM Modi over Rs 20 lakh crore economic package for 'Atmanirbhar Bharat' is to spur growth in the country.