PM Modi Address to Nation Today: This was the Prime Minister’s fifth address since the coronavirus outbreak in the country.
PM Modi Address to Nation Today: 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. “Scientists say that the novel coronavirus will be a part of our lives for a very long time. But we can’t 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.” 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. “This will play an important role in the ‘Atmanirbhar Bharat Abhiyan’, he said, adding that the the announcements made by the govt so far, the decisions of the RBI and today’s package adds to Rs 20 Lakh Crores or 10% of India’s GDP.”
The Prime Minister emphasised on achieving self-reliance for the country at a time when the pandemic has brought the economy to a standstill. “This era of self-reliance will be our new pledge, we have to move on with new resolve.” This is the prime minister’s fifth address to the nation, including a video message, following the outbreak of Covid-19, which has so far claimed 2,293 lives and infected 70,756 people in the country.
PM Modi’s address comes a day after he held a marathon six-hour meeting with chief ministers, with several states, including Maharashtra, Punjab, Telangana and West Bengal, seeking an extension of the lockdown. Others pitched for further easing of restrictions and more say in which districts fall under red, orange and green zones.
Coronavirus India Lockdown LIVE Latest News Update: Photograph released by PIB of PM Modi, Ministers Amit Shah and Rajnath Singh at a meeting with CMs on Monday.
N Venkatram, CEO, Deloitte India on Prime Minister Narendra Modi's call for making India self-reliant.
“It is exemplary of our Prime Minister to defend the country against the ravages of the pandemic and rally Indian citizens to capture global opportunities that will define our country’s future. It is a clarion call for Swadeshi 2.0. Our neighbour China exports circa US $2.3 trillion of goods annually, and as global supply chains are reimagined, India has a once in a lifetime opportunity to look at serving the domestic market through import substitution, and also address the export opportunity of about US $1 trillion in defined sectors.
The regulatory changes should be designed to encourage entrepreneur spirit, the industrialist mind-set to build a new India, as manufacturing and jobs move to India. The establishment of a food processing industry in itself will, for example, have great potential for export and will also be a big boost to our agriculture sector, reducing the tribulations of migrant labour.”
In his fifth address to the nation, Prime Minister Narendra Modi announced an economic package totaling Rs 20 lakh crore to tide over the Covid-19 crisis under ‘Atmanirbhar Bharat Abhiyan’. The Rs 20 lakh crore package includes the government’s recent announcements on supporting key sectors and measures by Reserve Bank of India.
PM Modi said the economic package would be around the 10 per cent of the GDP. “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
CPI(M)'s General Secretary Sitaram Yechury criticised PM Modi's address to nation, saying it didn't mention the "misery and hunger being faced by millions of Indians," and the four big problems confronting the country.
Reacting on PM Modi's package announcement, Chhattisgarh Chief Minister Bhupesh Baghel told ANI: 'Financial package should have been announced earlier. It is not clear what is in the package for laborers, farmers, traders, and MSMEs. Tomorrow Finance Minister will clarify it then only it will be clear which sector is getting what.'
Responding to Prime Minister Narendra Modi's address to the nation on the coronavirus pandemic, the Congress said the PM's announcements have given the country and the media a "headline." The party's spokesperson Randeep Surjewala raised the issue of migrant labourers. "India is deeply disappointed by your utter lack of empathy, sensitivity & failure to address the woes of millions of migrant workers," he said.
"Today, our Honble Prime Minister has declared the world’s largest holistic relief package. The Modi govt has given financial packages of ₹ 20 Lakh Crore to support every section of the society. It is around 10% of Indian GDP. Hon PM’s proactive approach will build an AatmanirbharBhara," BJP president JP Nadda tweeted.
Economy, Infrastructure, System, Demography, Demand: These are the five pillars of an aatmanirbhar Bharat, Prime Minister Narendra Modi said in his address to nation
In his fifth address to nation since the coronavirus outbreak in the country, Prime Minister Narendra Modi Tuesday said even as the people take precautionary measures in their daily lives, the virus cannot control us.
Indicating a relaxed lockdown 4.0, the PM said it was time to be safe and move forward as well.
Taking note of the economic situation, the Prime Minister said the total package to mitigate the economic stress owing to the lockdown amounts to Rs 20 lakh crore. He also emphasised on making India self reliant or "aatmanirbhar" and encourage local demand.
BJP leaders have hailed Prime Minister Narendra Modi's address to nation in which he urged the country to be "vocal about local" in making the country "self-reliant" and announced the overall economic package to deal with the economic fallout of the coronavirus pandemic to be worth Rs 20 lakh crore.
Lauding Prime Minister's appeal for a self-reliant India, Finance Minister Nirmala Sitharaman urged to make "local our mantra" and that the "AatmaNirbhar Bharat" will build the 21st century for the country.
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.
Key quotes
#Before the outbreak, not a single PPE or N95 masks were made in India, but now we are making at least 2 lakh of PPE and 2 lakh N95 daily.
#India’s self-reliance will be based on five pillars–economy, infrastructure, technology-driven system, vibrant demography and demand.
#The fourth phases of lockdown will be based on inputs we are getting from the states. Information on this will be given to you before May 18.
#This special economic package is for our labourers, farmers, honest taxpayers, MSMEs and cottage industry. The details of the package will be announced by Finance Minister Nirmala Sitharaman in the coming days.
How big is a 20 lakh crore economic package when compared to the recent annual budget announcement:
Expenditure: “The government proposes to spend Rs 30,42,230 crore in 2020-21, which is 12.7% higher than the revised estimate of 2019-20.”
Receipts: “The receipts (other than net borrowings) are expected to increase by 16.3% to Rs 22,45,893 crore, owing to higher estimated revenue from disinvestments.”
To strengthen local markets, PM Modi said local suppliers have met 'our demands' during this crisis and now Indians will have to be 'vocal about local' and buy products from them. "The Covid-19 pandemic has taught us the importance of local supply chains very well. The global brands we see today were once local, they grew after their countrymen supported them. From today, all Indians should become vocal for our local products," he said.
In his address to the nation, PM Narendra Modi said the next lockdown will be different with new rules and people will be informed about it before May 18. The present lockdown will come to an end on Sunday. 'Lockdown 4' will be different and have new rules; you will be informed about it before May 18,' he said.
Modi said, "This era of self-reliance will be our new pledge and new festival; we have to move on with new resolve. Maintaining social distance and wearing masks will become the norm in the future."
Spelling out the furture, PM Modi said the coronavirus will be a part of everybody's lives for a long time. "Coronavirus going to be part of our lives for long time, but we can't let our lives revolve around it only," he said.
"In this hour of crisis, local suppliers have met our demands; Indians have to be 'vocal about local' and buy products from them," the prime minister said.
As the nationwide lockdown brought the country's economy to a grinding halt, Prime Minister Narendra Modi said the government will anounce a special economic package worth Rs 20 lakh crore, which is nearly 10 per cent of the GDP. He said the package will focus on land, labour, liquidity and laws. The PM further said Finance Minister Nirmanla Sitharaman will announce details of the special economic package beginning Wednesday.
PM Modi said from tomorrow Finance Minister Nirmala Sitharaman will announce details of special economic package. "Special economic package is for our labourers, farmers, honest tax payers, MSMEs and cottage industry. Beginning Wednesday, finance minister will announce details of special economic package."
Prime Minister Narendra Modi said the magnificent building of a self-reliant India will stand on five pillars - Economy; Infrastructure, Tech-driven System, Vibrant Demography and demand. He said India has resources and talent and it will make best products, improve quality and supply chain.
PM Narendra Modi in his address to the nation said, "Special economic package will have emphasis on land, labour, liquidity and laws."
An economic package worth Rs 20 lakh crore or 10% of the GDP has been announced to enable a foothold for the country's economic self reliance. "I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan'. The announcements made by the govt over COVID, decisions of RBI & today's package totals to Rs 20 cakh crores. This is 10% of India's GDP. Special economic package is for our labourers, farmers, honest taxpayers, MSMEs and cottage industry," said Prime Minister Modi.