COVID-19: PM Modi announces Rs 20 lakh crore economic package
New Delhi,12 May: Prime Minister Narendra Modi on Tuesday announced a Rs 20 lakh crore package, which combined the government’s recent announcements on supporting key sectors as also measures rolled out by the Reserve Bank of India.
Highlights of the speech
One virus has destroyed the world, says Prime Minister Modi.
“This is an unprecedented crisis; we have to protect ourselves and move ahead as well,” PM Modi said.
“Making India self-reliant is only way to make 21st century belong to India,” he said.
India didn’t produce any PPE before COVID-19 crisis and manufactured very few N-95 masks; now we are producing 2 lakh of each: PM Modi
India’s self-reliance addresses concerns about world’s happiness, cooperation and peace: PM Modi
Medicines supplied by India have infused new hopes in the world which is fighting battle of life and death: PM Modi
India has resources and talent, it will make best products, improve quality and supply chain: PM Modi
India’s self-reliance will be based on five pillars — economy, infrastructure, technology driven system, vibrant demography and demand: PM
I am announcing special economic package which will be key to making country self-reliant: PM Modi
Special economic package will amount to Rs 20 lakh crore which is nearly 10 pc of GDP: PM
Special economic package will have emphasis on land, labour, liquidity and laws: PM Modi
Beginning Wednesday, finance minister will announce details of special economic package: PM Modi
Special economic package is for our labourers, farmers, honest tax payers, MSMEs and cottage industry: PM Modi
In this hour of crisis, local suppliers have met our demands; Indians have to be ‘vocal about local’ and buy products from them: PM Modi
He said the 4th phase of lockdown will be of new features.
“States are giving suggestions and before May 18 all will be given details,” the PM said.
Coronavirus going to be part of our lives for long time, but we can’t let our lives revolve around it only: PM
‘Lockdown 4’ will be different and have new rules; you will be informed about it before May 18: PM Modi
This era of self-reliance will be our new pledge and new festival; we have to move on with new resolve: PM Modi