PM Modi today announced a financial revival package of Rs 20 lakh crore to uplift a sagging economy
Bengaluru: Millions across the country were waiting with bated breath as Prime Minister Narendra Modi addressed the nation at 8 pm in relation to the coronavirus pandemic.
This was the 5th address to the nation.
He started off his address by paying condolences to the dead, while acknowledging that the fight has been going on for the last four months now.
Modi also did not miss out on an opportunity to tell his countrymen the robustness with which the country was manufacturing Personal Protective Equipment (PPEs).
He said, “When the crisis started, not even a single PPE kit was manufactured in India, only a few N95 masks were available. Today 2 lakh PPE kits and 2 lakh N95 masks are manufactured in India daily.”
The Prime Minister also did not miss out on redefining the concept of self-reliance. He extended it to the entire world.
He said, “When we talk of self-reliance, we don't just think of ourselves. We believe the entire world is one family.”
The Prime Minister also mentioned the five pillars of Indian democracy.
Here are the five pillars:
First Pillar: Economy, an economy that brings quantum jump, not just incremental change.
Second Pillar: Infrastructure, an infrastructure that becomes the hallmark of modern India.
Third Pillar: Our System - A system that is based on the technology-driven systems that fulfill the dreams of the 21st century, not the policy of the past century.
Fourth Pillar: Our Demography - Our vibrant demography is our strength and source of energy for self-reliant India.
Fifth Pillar - Demand: The cycle of demand and supply chain in our economy, the power that needs to be harnessed to its full potential.
Most importantly, the Prime Minister also announced a financial package of Rs 20 lakh crore.
In this regard, he said, “This economic package is for that labourer of the country, for that farmer of the country who is working day and night for the countrymen in every situation, every season. This economic package is for the middle class of our country, which pays taxes honestly and contributes to the development of the country.”
This financial package is 10% of India’s GDP.
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Last Updated 12, May 2020, 8:36 PM