Budget 2021: Economy suffered biggest shock after first lockdown in March when around 11.3 crore people lost jobs as entire economy went into shutdown mode

The quantum of disbursement is indicative of the stress on formal sector workers that led to job loss, pay cuts and forced migration

Gangwar while speaking at the Assocham Foundation Week programme, said EPFO has settled 52 lakh COVID-19 withdrawal claims and disbursed Rs 13,300 crore to subscribers during the pandemic

The decline in the GDP narrowed to 7.5% in the second quarter of this financial year, over 23.9% in April-June quarter

Under the latest stimulus package, FM Sitharaman made 12 big announcements, and allocated funds and ensured credit guarantees to various sectors, including real estate, rural employment, Covid-19 vaccine research and Atma Nirbhar Bharat Rozgar Yojana

FM Nirmala Sitharaman Press Conference Live: FM Sitharaman's announced several stimulus measures to revive the ecomony on Thursday, November 12. Among several of them, she announced new subsidies for employers and employees under the Atmanirbhar Bharat Rozgar Yojana Subsidy

Centre may come up with subsidised credit scheme for stressed sectors, including hospitality, aviation, automobile and textiles. Some sectors may even get credit without any collateral, with govt acting as a guarantor

After the third stimulus package last month, Finance Minister Nirmala Sitharaman had said that the option for another stimulus package has not been closed

Several critical high-frequency indicators show that in August and September the improvements noticed in June and July reversed; high-frequency data, in any case, tells the story of organised sector but not unorganised sector contributing 45% to GDP

The Lower House later approved the first batch of the supplementary demands for grants, mainly to enable the government meet expenses for combating the COVID-19 pandemic

Of the 10.4 million salaried employees who withdrew their retirement savings in this period, at least 8.2 million were those who earn less than Rs 15,000 per month

Former finance minister P Chidambaram says the government should also increase spending on infrastructural projects and start massive public works programmes to boost economic activity

The finance minister, in her review meeting with the heads of Scheduled Commercial Banks (SCBs) and NBFCs, added that COVID-19 related distress must not impact the lenders' assessment of their creditworthiness

Six years of Pradhan Mantri Jan Dhan Yojana: The Centre also said that the average deposit per account has increased over 2.5 times to Rs 3,239 since August 2015

The first three months in this fiscal saw 8,47,649 new jobs compared to 30,02,975 jobs in the same period previous fiscal.

With unemployment rate of more than 23% in the first two months of FY21 only 4.19 lakh net jobs were created

\"In all these very grim scenarios, there are some silver linings and we have to see how we leverage them as we near total recovery of the economy,\" he said

Cabinet meeting decisions: Cabinet has also approved the extension for availing benefits of the Pradhan Mantri Garib Kalyan Yojana for Ujjwala beneficiaries by three months with effect from July 1

\"In West Bengal, we will give free ration till June 2021... We have decided to extend it so that everybody has food to eat. We can't depend on what the Centre is providing,\" she said minutes after the prime minister's address to the nation

PM Modi Speech on Unlock 2.0, Coronavirus and India-China Tensions Live: PM Gareeb Kalyan Anna Yojana will be extended till the end of November, extension to cost over Rs 90,00 crore, says Prime Minister Narendra Modi