PM Modi Speech HIGHLIGHTS: To battle Covid-19, Rs 20,00,000 crore economic package

PM Modi Speech HIGHLIGHTS: In his address to the nation, the Prime Minister has announced an overall economic package worth Rs 20 lakh crore, adding that the fourth phase of the lockdown will be different with new rules.

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PM Modi Address to Nation: This was the Prime Minister’s fifth address since the coronavirus outbreak in the country.

PM Modi Address to Nation:¬†Addressing the nation five days before the third phase of the nationwide lockdown is slated to end on May 17, Prime Minister¬†Narendra Modi¬†Tuesday said the fourth phase of the lockdown will be in a new form. ‚ÄúScientists say that the novel¬†coronavirus¬†will be a part of our lives for a very long time. But we can‚Äôt let our lives remain confined around it. We will wear masks and maintain¬†social distancing¬†but we will not let it (the virus) affect us.‚ÄĚ The new rules will be announced before May 18, he added.

The Prime Minister also announced a complete package worth Rs 20 lakh crore to deal with the economic crisis due to the¬†COVID-19. Finance Minister¬†Nirmala Sitharaman¬†will announce the details of the special economic package from Wednesday. ‚ÄúThis will play an important role in the ‚ÄėAtmanirbhar Bharat Abhiyan‚Äô, he said, adding that the the announcements made by the govt so far, the decisions of the RBI and today‚Äôs package adds to Rs 20 Lakh Crores or 10% of India‚Äôs GDP.‚ÄĚ

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