The union cabinet is scheduled to meet at Prime Minister Narendra Modi's 7, Lok Kalyan Marg official residence this morning.
According to sources, the cabinet is likely to take up key issues such as the next steps to be taken in the Ujwala Scheme, when to roll out the next phase of economic policies and give approval to the extension of Chief Economic Advisor Arvind Subramanian' term by a year.
During the meeting, the cabinet may also take a call on the recent article written by senior Bharatiya Janata Party (BJP) leader Yashwant Sinha.
Sinha, a former finance minister, has criticised the NDA Government's economic policies in an article he penned for the Indian Express.
In the article, titled 'I need to speak up now', Sinha said that demonetisation had proved to be an "unmitigated economic disaster" and that the Goods and Services Tax (GST) was a "badly conceived and poorly implemented" havoc.
He introduced the strongly-worded article, saying, "I shall be failing in my national duty if I did not speak up even now against the mess the finance minister (Arun Jaitley) has made of the economy."