PM Narendra Modi on Tuesday addressed to the country with respect to COVID-19 pandemic and its effect on the country. In the main feature of his speech, Prime Minister Modi discussed the new Rs 20 lakh crore financial relief package for a self-independent India. This is only 10 percent of India's GDP (Gross Domestic Product). The package additionally incorporates the government's ongoing declarations to help some key areas as well as recent measures rolled out by the RBI (Reserve Bank of India). India has so far recorded 78,003 coronavirus cases and 2,549 deaths. A sum of 26,235 patients has recovered so far from the disease.
Finance Minister Nirmala Sitharaman held a press conference session today and outlined the details of the mega package during COVID-19. In his fourth virtual address to the country since the across the country lockdown was implemented in India in 24th March, PM Modi reported that there will be another, fourth period of the continuous lockdown starting eighteenth May. However, PM highlighted that Lockdown 4.0 will be in a totally unique shape and structure with new principles and guidelines, as compared to the past lockdowns. Reporting the start of the “Aatma Nirbhar Bharat Abhiyan”, PM Modi laid a solid emphasis on a national development for an 'Independent India' and pushed for more noteworthy help and strength of the nation’s local businesses.
This mega economic package is the second biggest in Asia after Japan and is equivalent to 10% of the Indian economy. This package covers all the significant public service of the Indian economy, for example, Agriculture, Manufacturing, MSMEs, among numerous others. On this event, Finance Minister Nirmala Sitharaman further representative democracy and said that today's 15 declarations will be followed up with every day starting today and a progression of such declarations will be made in the following coming days to completely outline the full financial package.
Here Are the highlights from PM Modi’s Address To The Nation
1. In view of the recommendations by states, information related lockdown 4 will be given to you before 18 May: PM Modi said.
2. Researchers state that coronavirus will be a part of our lives for a very long time. However, we can't let our lives stay bound around Corona. We will wear masks and keep up social distancing and following the guideline as recommended by scientists.
3. In this time of crisis, nearby providers have met our needs; Indians must be vocal about the neighbourhood and purchase items from them, says PM.
4. Special mega economic package is for our workers, farmers, honest taxpayers, MSMEs and cottage industry.
5. Special economic package will have accentuation on land, labour, liquidity and laws.
6. Medications provided by India have implanted new expectations in the world which is fighting the battle of life and death. With these means, when India is being praised everywhere in the world, each Indian feels glad.
PM Modi stated that, we have followed the do's and dont's of lockdown 3.0 guidelines to protect ourselves and family. We had never observed or heard out about such a crisis ever previously. This is unquestionably incomprehensible for humanity. In any case, humankind won't acknowledge defeat from this infection. We have to not only protect ourselves and family as well as push ahead. Meanwhile, the government has indicated that the lockdown phase 4 will continue, however, PM Narendra Modi has indicated that the next lockdown will have major easing of restrictions.