The government is reportedly planning another stimulus package for the economy which could be finalised as early as Thursday. There is talk of a $20 billion stimulus package in a series of packages that the government seems to be rolling out to boost the economy during the times of the Covid-19 pandemic. The package would follow Wednesday's earlier announcement of production linked incentives (PLI) worth about $27 billion over five years for manufacturers in 10 sectors.

To give an impetus to the manufacturing sector, the Union Cabinet on Wednesday approved a mega PLI scheme for 10 sectors. The total outlay has been pegged at Rs 1,45,980 crore. Announcing the decision, Union Finance Minister Nirmala Sitharaman said that the scheme would entail an expenditure of about Rs 2 lakh crore. Top government functionaries are likely to finalise the stimulus package as early as Thursday, just days before Diwali.