PM Modi addresses the nation: economic relief package worth 20 Lakh crores announced

Prime Minister Narendra Modi addressed the nation a few hours ago at 8:00 PM. With the whole world facing the corona pandemic and with that, the disruption of lives due to the lockdown, the address was being anticipated as one which would bring good news, or at the least some comfort to the nation. PM […] The post PM Modi addresses the nation: economic relief package worth 20 Lakh crores announced appeared first on The Sikkim Chronicle - Sikkim News.

PM Modi addresses the nation: economic relief package worth 20 Lakh crores announced

Prime Minister Narendra Modi addressed the nation a few hours ago at 8:00 PM. With the whole world facing the corona pandemic and with that, the disruption of lives due to the lockdown, the address was being anticipated as one which would bring good news, or at the least some comfort to the nation.

PM Modi started with the addressing that 4 months have passed in the world’s battle with COVID-19 pandemic, in which more than 4 million have been infected and almost than 300,000 have lost their lives. He offered his condolences to all the Indian families who lost their loved ones due to the virus; he also stressed how the virus has destroyed the world.

“Tens of millions of lives are facing hardships, and the whole world is fighting to save lives. Never have we seen or heard of this kind of problem, unimaginable crisis but we shouldn’t tire, or face defeat. Indians should have a strong resolve in such times, and to lose hope is unacceptable,” said PM Modi.

He urged his fellow country people to be vigilant and follow all the norms, be safe and keep going on. “Our resolve will be stronger than this pandemic,”. 

The Prime Minister stressed on the fact that the 21st century has to be Indian, and that India has to be a beacon of hope. “The world’s situation right now shows us that the way forward for the country is India being self-reliant,” said the PM.

Announcing that India is on a crossroads and that the pandemic has brought a message and an opportunity to all Indians, the PM gave an example of how India didn’t produce a single PPE before the pandemic, how N95 masks were just a name to be heard, whereas today, the situation is that everyday India produces 2 lakh PPEs and 2 lakh N95 masks. “This is done because India has turned this crisis into an opportunity. This mind-set of turning a crisis into opportunity is going to be a factor that will turn India into a self-reliant country.”

The PM stressed on the fact that being self-reliant was India’s way forward and it was the only way to evolve as a country. He also said that in the global stage the definition of self-reliance is changing, and the talks for economy centred policies/ humanity centred policies are on the rise and India is on the frontlines being a role model and a beacon of hope. 

India’s culture speaks of self-reliance as the cornerstone to success. “The Indian culture that takes the world as a family and the Earth as its mother is all set to take this next step of being self-reliant and that the growth of India has always underlined the growth of the world.”

Giving examples of International Solar Alliance as a stand from India against Global Warming and a gift to the world, and International Yoga day is a gift to humanity from India to rid the world of stress. 

“Indian medicine has been a beacon of hope in the fight against Corona and every Indian is proud of it,” says PM Modi.

“The world is now confident that India can do good in the global stage and can be productive for the betterment of humanity and Global Welfare. The worldview of India has changed, and the world has hope in India’s capabilities. India has the best resources and the best talent.”

PM Modi also discussed the 5 pillars of self-reliance, the way forward for India:

1st pillar: Economy, not one that has incremental changes but one that takes quantum leaps.

2nd pillar: Infrastructure, the likes of which will be the one to be the face of advanced- technological India.

3rd pillar: System, the one that won’t follow the steps of the previous century but is a technology-driven system.

4th pillar: Demography, the world’s biggest democracy has the power of the world’s most vibrant demography, and it is the fuel that will take India into being self-reliant.

5th pillar: Demand, a 100% use of our supply and demand cycle, for which every stakeholder of the supply chain has to be pro-active.

With that, the PM announced a special self-reliant economic relief package. A total package of 20 lakh crores that amounted to 10% of India’s GDP, it supports 2020’s vision for Land, Labour, Liquidity, and Laws was announced.

Detailed information on the package, named Aatma Nirbhar Package,  will be given by the Finance Minister tomorrow.

“The package is the first step towards bold economic reforms for future, this is for farmers, labourers and vendors so nothing like corona will ever affect India in the future,” said PM Modi.

The PM also addressed labourers and migrant workers, and how everyone faced the absence of these labourers and said it is now India’s duty to make these dispossessed labourers, vendors stronger. This process is now activated and which will be done by the economic relief package.

PM stressed on how local produce has to be the life mantra of India saying every global product was local, so India has to be vocal for local. Emphasising on how every Indian should promote local produce and companies, and buy from them.

The motto: “VOCAL FOR LOCAL” was coined. 

In the end, the PM discussed a breakdown of Lockdown 4.0, whose details would be shared before May 18th.  Lockdown 4.0 will be based on State suggestions and will be State-specific, informed the PM.

The post PM Modi addresses the nation: economic relief package worth 20 Lakh crores announced appeared first on The Sikkim Chronicle - Sikkim News.