Updated : 13 May 2020 09:02 PM (IST)
On Tuesday, Prime Minister Narendra Modi announced an economic package of Rs 20 lakh crore to kickstart the economy that has been on a standstill due to the lockdown. On Wednesday, Finance Minister Nirmala Sitharaman and MoS Finance Anurag Thakur unveiled phase 1 of the economic plan in which relief measures were announced for MSME and NBFC sector. In addition, a reduction in TDS was also announced.