FM Nirmala Sitharaman to address a press conference on June 28

Union Finance Minister Nirmala Sitharaman will address a press conference at 3 pm on June 28. The finance minister may announce some relief measures to fight the second wave of Covid-19 according to reports.

The news report suggested that the finance ministry may include increasing the Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.

It may also unveil a scheme to promote healthcare infrastructure in tier two cities. There has been a growing chorus for a fiscal stimulus to assist the economy still recovering from the impact of second-wave and subsequent restrictions imposed by states. It is expected that something may be worked out in this regard.

Given that the third wave of Covid-19 is imminent, many companies have pushed for the relief.

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Sindhu Nagaraj

Global Business Line Team
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