Good News: PM Modi announces economic package of 20 lakh crores #coronavirusnewstolive - May 12, 2020 21 0 COMMENTS
New Delhi: PM Modi on Tuesday introduced an enormous monetary package to revive the nation’s economic system by asserting a complete stimulus of Rs 20 lakh crore, or 10 per cent of the nation’s GDP.
This quantity additionally contains the sooner packages introduced by the Ministry of Finance and the Reserve Bank of India (RBI).
Addressing the nation for the third time through the lockdown, the Prime Minister stated that it’s now the time to make India self-reliant in each manner.
Modi additionally talked about new infrastructure and techniques for a quantum leap of progress.
Here are the highlights of PM Modi’s handle:
-PM Modi announces monetary package value Rs 20 lakh crore to combat Covid disaster.
-The fourth section of the lockdown will likely be totally different from the earlier ones. The announcement for Lockdown 4.zero will likely be made earlier than May 18.
-“The humankind will not deter. We will have to further firm up our resolve, protect ourselves and march forward,”
-He stated when the disaster started, the nation didn’t manufacture a single PPE and only some N95 masks had been out there. “Today two lakh PPE kits and two lakh N95 masks are manufactured in India daily.”
-Indian medicines have come out as a ray of hope. “Due to this step, India is being praised across the world and the Indians feel proud. The world has started believing that India can perform much better.”
-The nation has the sources, capability and world’s finest expertise and may make the perfect merchandise, he added.
-In India, there are over 70,000 confirmed instances and greater than 2,200 folks have succumbed to the viral illness.
-The PM expressed his condolences to the households who’ve misplaced their family members to the lethal virus.