Finance minister Nirmala Sitharaman is going to address a press conference at 5 pm on Thursday. “FM Smt. @nsitharaman to address a press conference today, 16th September, at 5 PM in New Delhi,” finance ministry said in a tweet. Finance minister on Thursday is likely to announce that the government will provide guarantee of up to Rs 31,000 crore for the bad bank — National Asset Reconstruction Company Ltd (NARCL). Union Cabinet earlier on Wednesday approved a proposal of government guaranteeing security receipts (SR) issued by NARCL, sources told News18.