FM Nirmala Sitharaman Press Conference Live Updates: An increased borrowing by states, an additional allocation of Rs 40,000 crore for MNGREGA workers and the inclusion of private players in public sectors were among the seven announcements made by Union Finance Minister Nirmala Sitharaman as part of the last tranche of the Rs 20 lakh crore COVID package on Sunday.
While addressing reporters this morning, the minister also said “debts related to the virus will be excluded from default under the Insolvency and Bankruptcy Code”. No fresh insolvency proceedings will be registered for a year, she added. The minister also said that during the coronavirus-induced lockdown, Rs 16,394 crore has been paid to 8.19 crore farmers under the Rs 2,000 free cash dole scheme of PM Kisan.
The Congress, however, alleged that all the five economic packages announced by Sitharaman did not amount to Rs 20 lakh crore as promised by the Prime Minister. “I am questioning the finance minister, disputing the Prime Minister and challenging the government to disprove me on numbers. I am ready for a debate with the finance minister in this regard,” Congress leader Anand Sharma said.