New Delhi: In a big push to revive the economy, 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.
Major highlighs of PM's televised address to the nation:
- In this hour of crisis, local suppliers have met our demands; Indians have to be 'vocal about local' and buy products from them
- 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
- India has resources and talent, it will make best products, improve quality and supply chain
- This era of self-reliance will be our new pledge and new festival; we have to move on with new resolve
- India's self-reliance will be based on five pillars -- economy, infrastructure, technology driven system, vibrant demography and demand
- "I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan.' The announcements made by the government over COVID, decisions of RBI and today's package totals to Rs 20 lakh crore. This is 10 per cent of India's GDP," said Prime Minister Modi
- Special economic package which will be key to making country self-reliant and will have emphasis on land, labour, liquidity and laws
- 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: PM Modi in address to nation
- 'Lockdown 4' will be different and have new rules; you will be informed about it before May 18
- Humanity would not accept defeat from the coronavirus but the people have to stay safe and move forward
(With inputs from PTI)
