New Delhi: Finance Minister Nirmala Sitharaman today announced an economic relief package in view of the conditions created by the Coronavirus. Announcing a relief package of Rs 1.70 lakh crore, he said that this is the attempt of the government not to starve. The Finance Minister said that the lockdown is the second-day beginning and the government is monitoring the situation.


Govt ready to amend the regulation of EPF due to this pandemic so that workers can draw upto 75% non-refundable advance from credit in PF account or 3 months salary, whichever is lower: FM Sitharaman https://t.co/kHfRjlyZNm — ANI (@ANI) March 26, 2020 Advertisement

The Finance Minister said that 80 crore people will be provided food under the Pradhan Mantri Garib Kalyan Anna Yojana. Every person will be given 5 kg of food grains separately.

There will be Rs 50 lakh insurance per health care worker as a medical insurance cover for them for three months. Hopefully, we would be able to contain the virus in this period: Finance Minister Nirmala Sitharaman pic.twitter.com/SaLbeXULZN — ANI (@ANI) March 26, 2020

In view of the damage done to the country due to Coronavirus, the government has been declaring on the economic front for two consecutive days. In this episode, on Tuesday, the Finance Minister made big announcements and yesterday, Cabinet Minister Prakash Javadekar made announcements for the people of the country.

Finance Minister Nirmala Sitharaman held a press conference two days ago i.e. on Tuesday, in which she gave relief in rules related to GST to PAN-Aadhaar linking and withdrawing cash balance from ATMs for customers, and minimum balance in banks.

The expectation of Finance Minister Nirmala Sitharaman’s announcement of the relief package had led to a huge surge in the stock market and the Sensex was seen rising by more than 1500 points at 1 pm.