Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participated in the 103rd Meeting of the Development Committee Plenary, via video conferencing. During the meeting, she shared the measures taken to combat COVID-19 including social support measures for the poor and vulnerable, and relief measures for firms in statutory and regulatory compliance matters.
The main agenda of the conference was:
- World Bank Group (WBG) and International Monetary Fund Support for Debt Relief Under the Common Framework and Beyond;
- COVID-19 pandemic: World Bank Group Support for Fair and Affordable Access to Vaccines by Developing Countries;
- From COVID-19 Crisis Response to Resilient Recovery – Saving Lives and Livelihoods while Supporting Green, Resilient and Inclusive Development (GRID).
As a part of the meeting, Sitharaman also informed that the Government of India has announced Aatma Nirbhar Packages of Rs 27.1 trillion, which amounts to more than 13% of the GDP. These packages would provide social protection to the poor and vulnerable as well as push forward the economic reforms.