In a major development announced by FM, the government will now allocate an additional Rs 40,000 crores to MGNREGS to provide employment boost.

FM'S Economic package: 'MGNREGA budget hiked by Rs 4000 crore'

Finance Minister Nirmala Sitharaman on Sunday announces Fifth Tranche of Stimulus Package in order to boost the ailing economy due to nationwide lockdown amid COVID-19 pandemic. This package exclusively focused over Employment, health, ease of doing business.

FM's Fifth Tranche of Stimulus Package: Focus Areas: Employment, health, ease of doing business

After having announced economic package and relief measures for farmers, migrant labourers, MSMEs, SMEs, NBFCs, MFIs and other categories, Finance Minister Nirmala Sitharaman is now releasing the fourth tranche of her ₹20 lakh crore economic package today with a focus on structural reforms.

FM'S Tranche 4 economic package: 'Major reforms are being pushed in the coal sector'

With the governments imposing large-scale restrictions on economic activities to halt the spread of coronavirus, the global economy has come to a virtual standstill. A report by the United Nations Department of Economic and Social Affairs has projected that the world economy is set to lose nearly $8.5 trillion over the next 2 years.

UN Predicts slowing down of India’s growth