Speech by Prime Minister Modi: “The details of the 4th closure will be shared with the states’ proposals by May 18.” said Prime Minister Modi, who has addressed the nation for the third time since announcing a complete shutdown at the end of March.
New Delhi: Prime Minister Narendra Modi today announced the Rs 20 lakh crore economic package to the so-called “Aatma Nirbhar Bharat Abhiyan” or the self-real Indian mission to hand over the coronavirus crisis. Noting that India could not be controlled by the virus, it also announced “lockdown 4” after May 17, which would be “completely different” with new rules.
“The details of the 4th closure will be shared with the states’ proposal by May 18,” said Prime Minister Modi, who has addressed the nation for the third time since announcing a complete shutdown at the end of March.
“Corona will be with us for a long time, but our lives can’t revolve around us. We wear a mask, we follow the doh gaj doori (six feet away), but we don’t let it escape our attention,” he stressed. indicating major rest on 17 May.
The special economic package will be a key component of “Atma-Nirbhar Bharat (self-confident India),” he said of the crisis becoming a chance.
The recent decisions by the Reserve Bank of India, combined with today’s financial package, will reach Rs 20 lakh crore, he says, at nearly 10% of India’s GDP.
“This package is for immigrants and farmers who work around the clock for the nation, whatever the circumstances,” the prime minister said.
“The package focuses on land, labor, liquidity and the law; it will help small businesses, workers, farmers,” the prime minister said. “It also focuses on the well-being of migrant workers.”
The package covers a variety of sections, including the home industry, MSMEs (micro, small and medium enterprises), the middle class, industries.
Finance Minister Nirmala Sitharaman will detail the contours of the package tomorrow, in the coming days, the prime minister said.
Speaking about the coronavirus pandemic, Prime Minister Modi said: “A virus has destroyed the world, we have never seen or heard such a crisis.”
India’s only way to triumph over the crisis was to “strengthen our intent so that our determination is even greater than this crisis”.
He said India needs to realize the potential of a leading player in the 21st century by focusing on its independence.
He listed what he calls the five pillars of autonomy: “Economy with Quantum Leap Potential, Infrastructure, Technology-Driven System, Demography, and Intelligence-Driven Supply System.”
The prime minister held a six-hour meeting with prime ministers on the road yesterday after May 17, when the third phase of the national coronavirus blockade expires.
At the meeting, Prime Minister Modi indicated that the blockade – extended twice – would continue, but with much less restrictions.
There have been more than 70,000 cases of coronavirus in India today.