Finance Minister Nirmala Sitharaman in a press conference today beginning at 3 PM, is announcing some financial relief measures to increase sectors worst impacted by the second wave of coronavirus. The government and RBI (Reserve Bank of India) have been working in tandem to assistance the economy considering the fact that the pandemic hit the nation in March 2020.
Sitharaman has not too long ago announced no cost tourist visas in the press conference that would be provided to the initially 5 lakh vacationers after Visa issuance resumes. The scheme will be applicable till March 31, 2022 or till 5,00,000 visas are issued, whichever is earlier.
The advantages of the scheme will be readily available only after per tourist. The scheme would have a fantastic incentivising effect on brief term vacationers who come in for just one month.
The total monetary implications of this scheme would be Rs one hundred crore. Once the scheme expires, normal charges for applying for a visa will resume.
Apart from this, the centre on June 28 has also expanded the monetary assistance becoming supplied beneath the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 1.5 lakh crore. The all round cap of admissible assure has been raised from Rs 3 lakh crore to Rs 4.5 lakh crore, FM Nirmala Sitharaman mentioned. FM has also announced an added Rs 23,000 crore announced for public wellness with an emphasis on children and paediatric care/paediatric beds.
The government had also announced quite a few relief measures through the initially wave of coronavirus that incorporated the initially stimulus package of Atmanirbhar Bharat which came into force in May 2020.