Narendra Modi Speech on Coronavirus LIVE Updates: PM Announces 'Atma-nirbhar Bharat' Economic Package of Rs 20 Lakh Crore, Says Lockdown 4 Will be Entirely Different

"The Confederation of All India Traders (CAIT) has appreciated the announcement of Prime Minister Shri Narendra Modi for a Special Economic Package amounting in all to Rs. 20 lakh crore which is equal to about 10% of GDP of the Country  having a special focus on MSME sector of the Country. 7 crore traders are now anxiously awaiting the detailed announcement to be made by Finance Minister Smt. Nirmala Sitharaman," the CAIT said in a statement. (2/3)

Traders Body Welcomes Economic Package | The Confederation of All India Traders (CAIT) has "appreciated" the announcement by PM Narendra Modi for a special economic package amounting in all to Rs. 20 lakh crore. (1/3)

Lockdown 4.0 in New Form: PM Modi | "Scientists say that coronavirus will be a part of our lives for a very long time. But we can't let our lives remain confined around coronavirus. We will wear masks and maintain social distancing but we will not let it affect us. So lockdown 4.0 will be in a new form with new rules," says PM Modi.

"The lockdown 4.0 will be based on the suggestions by the state. The details will be out before May 18." says PM.

The prime minister propagates the use of local-made products. "Local has saved us. It is not only a necessity, it is our responsibility. Local has to become our 'jeevan mantra'. Today's global brands were once local. We should use local products and also promote them vocally," he says.

"This economic package aims at reforms which will shield our farmers and strengthen Indian industries," says PM.

"The package will help India compete at the global scale. India will play a major role in the global supply chain," says PM. 

The prime minister says, "Starting tomorrow, the finance minister will apprise you on details about the package meant to drive the country's 'Aatmanirbhar Bharat Abhiyaan'."

The economic package for the 'Aatmanirbhar Bharat Abhiyaan' is close to 10 per cent of India's GDP.  The total allocation including the last package stands at Rs 20 lakh crore.

PM Announces Economic Package | The prime minister announces an economic package with the aim to build a self-reliant India.

In a world that is fighting life and death, India's medicines today bring a new hope. With these steps, when India is being praised everywhere in the world, every Indian feels proud, says Prime Minister Modi.

India has changed the world with its policies. Yoga has been India's gift to the world. India's efforts to tackle the coronavirus pandemic are being lauded by the world, which has started believing in India's abilities, says PM.

Will Not Accept Defeat: PM | "We have heard that the 21st century will be India's. Our resolve is much bigger than the crises. We have to save ourselves and continue our fight. We will not give up or accept defeat," the prime minister says.

"The crisis has brought a key opportunity for India. We are at a critical juncture in this fight. A self-reliant India is the only way forward. We need to make India excel in a post-Covid world order," says PM Modi.

"Today when the entire world is in crisis, we will have to further firm our resolve," he says.

"We had never seen or heard about such a crisis ever before. This is definitely unimaginable for mankind. This was unprecedented. But humanity will not accept defeat from this virus. We have to not only protect ourselves but also move forward," says PM Modi.

LIVE | Listen to the prime minister's speech LIVE on CNN-News18.

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Prime Minister Modi begins his address by offering condolences to those who lost their lives due to the the COVID-19 pandemic. 

PM's Address Begins | The prime minister's address to the nation begins

According to the Health Ministry, the death toll due to COVID-19 rose to 2,293 and the positive cases climbed to 70,756, registering an increase of 87 deaths and 3,604 cases in the last 24 hours till 8am today.

PM's Address to Begin Shortly | Prime Minister Narendra Modi's address to the nation will begin shortly. He is likely to speak on issues related to the lockdown and the economy.

Watch PM's address to the nation.#LIVE on CNN-News18 at 8pm.#StayHome | #IndiaFightsCOVID19

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While some CMs suggested reopening economic activity, others believed that it would be too dangerous at this stage in India's fight against the spread of Covid-19.

"I am of the firm view that the measures needed in the first phase of lockdown were not needed during the second phase and similarly the measures needed in the third phase are not needed in the fourth," the prime minister told the chief ministers according to the statement. (3/3)

"We can now focus our strategy in this battle against coronavirus, as should be the case. We have a two-fold challenge, to reduce the transmission rate of the disease, and to increase public activity gradually, while adhering to all the guidelines. We will have to work towards achieving both these objectives," he said. (2/3)

Updates from PM's Interaction With CMs | According to an official statement, Modi also said resumption of train services was needed to rev up the economic activity. But, he made it clear that services on all routes will not be resumed and that only a limited number of trains would ply for now. (1/3)

CMs Demand Extension of Lockdown | In yesterday's meet, a number of states asked for the lockdown to be extended but limited to areas worst hit by the virus, government sources said. They also requested for red zones to be changed from entire districts to just containment zones. The PM also assured the states that the Centre was working to reopen the economy and said suggestions given by them for its revival were being given due consideration.

Follow LIVE Updates Here | Follow this space for latest updates on PM Modi's address today, while it will also be live streamed on CNN-News18. You can also watch PM's address to the nation live at the official Twitter handle of the Prime Minister @PMOIndia, as well as, the YouTube handle of the prime minister.

Earlier Announcements | In his March 19 address, the prime minister 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.

Lockdown Will Have to Continue: PM | Concluding the meet yesterday, the prime minister had said the lockdown will have to continue. He asks the states to give suggestion before May 15 on what economic activities should be allowed and how to go about it.

Two-fold Challenges: PM Modi | In his virtual meet with the chief ministers yesterday, Modi said the challenges are two-fold -- reduction of the transmission rate of the novel coronavirus and gradual increase in public activities while adhering to all guidelines. The Centre and states will have to work towards achieving the twin objectives, he said.