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PM Modi announces economic package, says lockdown 4.0 will have new rules

PM Modi Address to Nation Today: "When India speaks of self-reliance, it does not advocate for a self-centered system. In India's self-reliance there is a concern for the whole world's happiness, cooperation and peace," PM Modi said.

By: Express Web Desk | New Delhi |
Updated: May 12, 2020 9:46:59 pm
pm modi address to nation, 8 pm address to nation pm modi, lockdown, lockdown extension, pm modi address, pm modi address today, pm modi address today live, lockdown extension news, pm modi, pm modi speech, pm modi speech live, pm modi speech today live, lockdown extension latest news, lockdown extension in india, lockdown latest news, lockdown latest news today, lockdown news, lockdown live news, lockdown date, lockdown date extension, lockdown date extended latest news, coronavirus, lockdown coronavirus, lockdown in india PM Modi also announced a special economic package today. (Screen grab)

PM Modi Address to Nation: Stressing that “we have to protect ourselves and move ahead as well”, Prime Minister Narendra Modi, in his address to the nation, announced a special economic package amounting to Rs 20 lakh crore to deal with the Covid-19 crisis. PM Modi also said the fourth phase of nationwide lockdown would be different and have new rules and guidelines.

“I announce a special economic package today. This will play an important role in the ‘Atmanirbhar Bharat Abhiyan‘. The announcements made by the government on Covid-19, decisions of RBI and today’s package totals to Rs 20 Lakh crore. This is 10 per cent of India’s GDP,” PM Narendra Modi said.

Emphasising that the special economic package would focus on land, labour, liquidity and laws, PM Modi said it would benefit labourers, farmers, honest tax payers, MSMEs and cottage industry. “Beginning Wednesday, Finance Minister will announce details of special economic package,” PM Modi said.

With the third phase of the lockdown expiring on May 17, PM Modi said the next phase would be different and have new rules and guidelines. “Based on the suggestions by states, information related to lockdown 4 will be given to you before 18th May. We will fight corona and we will move forward,” the PM said.

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Calling it an unprecedented crisis, the PM said making the country self-reliant was only way to make 21st century belong to India.  “India’s self-reliance will be based on five pillars — economy, infrastructure, technology driven system, vibrant demography and demand,” he said.

“When India speaks of self-reliance, it does not advocate for a self-centered system. In India’s self-reliance there is a concern for the whole world’s happiness, cooperation and peace,” PM Modi said.

The PM said when the Covid-19 crisis started, not even a single PPE kit was manufactured in India and only a few N95 masks were available. “Today 2 Lakh PPE kits and 2 Lakh N95 masks are manufactured in India daily,” PM Modi said.

PM Modi first addressed the nation over India’s coronavirus preparedness in March. On March 22, he proposed a janata curfew for a day.

PM Modi first addressed the nation over India’s coronavirus preparedness on March 19, where he announced a “janta curfew” on March 22. On March 24, he announced a 21-day nationwide lockdown. On April 14, he extended the lockdown period till May 3. On April 3, in a video message, Modi asked the nation to light lamps for frontline corona warriors on April 5. The lockdown was further extended till May 17 by the Home Ministry.

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First published on: 12-05-2020 at 12:24:09 pm
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