Government is likely to announce a relief package of up to 2.3 lakh crore

New delhi date. March 26, 2020, Thursday

The government is likely to announce an economic relief package of Rs 1.5 lakh crore ($ 19.6 billion) to combat the corona virus, sources in the region said. However, the sources further said that the final decision on the economic package was not taken by the government. Discussions are underway between Prime Minister Narendra Modi's office, the finance ministry and the Reserve Bank officials.

According to another senior official, the government is likely to announce a relief package of Rs 2.3 lakh crore. However the figure is not final and the chart is under way in this regard. According to sources, it is likely to be announced this weekend.

This package is likely to help direct the deposits of 10 million poor accounts and help closed industries due to lockdown. The Prime Minister yesterday announced a lockdown for the entire country for 21 days. That means 130 million people in the country will have to stay locked in the house.