PM Modi speech live update: for the battle of Kovid-19, an economic package of Rs 20,00,000 crore
PM Modi Speech Today LIVE, Coronavirus India Lockdown Latest News Update: In his address to the nation, the Prime Minister has announced an overall economic package of Rs 20 lakh crore, stating that the fourth phase of lockdown will be different with new rules.
PM Modi addresses the nation today: Addressing the nation five days before the third phase of nationwide lockout ends on May 17, Prime Minister Narendra Modi said on Tuesday that the fourth phase of the lockdown would be in a new form. “Scientists say the novel coronavirus will be a part of our lives for a very long time. But we cannot allow our lives to be limited around that. We will wear masks and maintain social balance but we will not let it (the virus) be affected. He said that new rules would be announced before 18 May.
The Prime Minister also announced a full package of Rs 20 lakh crore to deal with the economic crisis caused by COVID-19. Finance Minister Nirmala Sitharaman will announce the details of the special economic package from Wednesday. “It will play an important role in the ‘Atmanabir Bharat Abhiyan’,” he said, adding that the announcements made by the government so far, RBI decisions and today’s packages amount to Rs 20 lakh crore or 10% of India’s GDP. “
The Prime Minister emphasized on achieving self-sufficiency for the country at a time when the epidemic has given a boost to the economy. “This era of self-reliance will be our new vow, we have to move forward with new resolve.” This is the fifth Prime Minister’s address to the country, including a video message after the Covid-19 outbreak, which has so far claimed 2,293 lives and infected 70,756 people in the country.
PM Modi’s address comes a day after Maharashtra held a six-hour marathon meeting with chief ministers of several states including Punjab, Telangana, and West Bengal. Others called for further loosening of the restrictions on which districts fall under the red, orange, and green areas.