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Congress claims- Modi government’s package of only Rs 3.22 lakh crore, only 1.6% of GDP

Let me tell you that today Finance Minister Nirmala Sitharaman held a press conference about the 5th installment of the economic package of the Modi government. Today he made announcements on MNREGA, education, business, company act and resources of state governments.

The main opposition party Congress has attacked the Narendra Modi government’s package of 20 lakh crore at the center. Anand Sharma said that the package is only Rs 3.22 lakh crore, which is 1.6 percent of GDP. There is no package of twenty lakh crores as the Prime Minister said. He has said that the Finance Minister should answer, not question. The government will have to answer to the plight of migrants forced to walk on the roads in the absence of a plan.

Anand Sharma said that on the pension given to older people, women, our question is that only 21 percent have an account, it would have been good that it would have been linked with MNREGA. The Prime Minister did not show courage. We said that you should not worry about financial losses and inflation. The government should raise money through bonds. Our demand will be that every laborer should get 150 days of work and be given at least 300 rupees, and the announcement of raising 20 rupees is a cruel joke. It was already announced in the budget. We welcome an increase of 40 thousand crores in the budget of MNREGA.

He said, “Unless money goes directly into the hands of poor and laborers, we are not ready to accept it as any kind of encouragement.” PM-Kisan’s money is not part of the incentive package, it is a pre-election announcement. Better arrangements have still not been made for migrant laborers. We should learn a lesson from this. The government should see where the shortage has gone.

Anand Sharma further said, “Many reforms have been announced. But this is the time to bring the cremation system and industries on the right track… not to announce such controversial reforms. These announcements have no relation with the poor, farmers, laborers, MSMEs. They still need relief. They are all citizens of India, they are not a pity for mercy. “He further said,” Congress President Smt. Sonia Gandhi has written letters to Congress-ruled Chief Ministers, having a video conference with them. We are constantly following our duty. ”

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Today the finance minister announced the fifth installment of the economic package

Let me tell you that today Finance Minister Nirmala Sitharaman said on Sunday that the total size of the incentive economic package announced to bring back the economy affected by the corona virus epidemic has been Rs 20.97 lakh crore. Announcing the fifth installment of the package on Sunday, he said that the total incentive package also included measures to increase liquidity (availability of funds for lending with banks) to the tune of Rs 8.01 lakh crore announced by the Reserve Bank of India (RBI) in March. Huh. Apart from this, the initial package announced by the government in March for free food grains and LPG cylinders to the poor and cash assistance to some sections of the society is also part of this incentive package.

The announcement of the incentive package in five installments began on 13 May. He said that under this, measures worth Rs. 5.94 lakh crore were announced in the first installment. In the first installment, measures were taken to provide loan facilities for small companies and help for non-banking financial companies (NBFCs, micro finance institutions (MFIs) and power distribution companies.

The Finance Minister said that in the second installment, measures worth Rs 3.10 lakh crore were taken, including free food grains for stranded migrant workers and loans to farmers. He said that a total of 1.5 lakh crore rupees were taken in the third installment. These included expenditure on basic agricultural facilities and other measures taken for agriculture and allied sectors. Sitharaman said that the fourth and fifth installments emphasized structural reforms. In these two last installments, measures worth Rs 48,100 crore were taken.

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