20 Lakh Crore Package Announced by PM Modi - Lockdown 4.0 to continue

FM Nirmala Sitharaman to announce details of Centre’s Rs 20 lakh crore economic

PM Modi in his address to the nation on May 12, 2020 announced a Whopping 20 Lakh Crore Relief package to the nation. Further he announced that the lockdown will continue with new guidelines. Center has asked states to send the suggestions by 15th May. The new guidelines are expected before 18th May, PM said.

The most important point covered by Modi was Atma Nirbhar Bharat, A self reliant India which can manage on its own. 

We need to promote Local, so lets be Vocal for the Local now onward. 

Announcing the 20 lakh crore stimulus package PM said that this package will definitely infuse vitality into the economy and benefit all sections of the society from the migrant labourers to big businesses.

The entire world is under lockdown situation from many days due to Coronavirus. Nearly 300000 people have already died and lakhs people are infected as of now. To reduce the spread of COVID-19, all schools, markets, malls are shut down across the country. The companies have asked the employees to Work From Home (WFH) where possible. As a result the economy of the country is in doldrums. There was a dire need of government stimulus to boost the economy of the country.

An unprecedented damage has already been done by the COVID-19 this year. The entire world is now facing the economic damage caused by the deadly virus.

The consequences of a combined health pandemic and a global recession will be catastrophic for many developing countries and halt their progress towards the Sustainable Development Goals - UN

The United Nation (UN) is calling for a USD 2.5 trillion rescue package for the developing nations out of which

• $1 trillion should be made available through the expanded use of special drawing rights
• $1 trillion of debts owed by developing countries should be cancelled this year
• $500 billion needed to fund a Marshall Plan for health recovery and dispersed as grants

The announcement of 20 Lakh crore package has come as a boon to the already struggling economy. The small scale industres, labour class, middle class are expecting the relief from this package.

Finance Minister Nirmala Sitharaman will be giving the details of the package soon.

PM Modi’s Appeal to Follow Seven Steps During Lockdown 2.0

Prime Minister Narendra Modi, while addressing the nation on April 14, 2020, announced the extension of the nationwide lockdown till May 3. The government is preparing new guidelines, which will be shared with the general public on 15th April.

PM Modi hinted that there would be more strictness this time and requested people to follow the lockdown guidelines to prevent the further spread of COVID-19.  The Administration will keep an eye on the situation till April 20 on the COVID-19 outbreak.

However, if in some areas where no COVID-19 cases are reported, the government could give some conditional relaxations.

Narendra Modi said that this is not the right time to compare our efforts with other nations, but it was fast-action by the government and early lockdown that has helped India to spread Corona. As a result, India has done much better than the developed nations.

He even raised his concern about the daily wagers and farmers who have suffered a lot due to the lockdown. His government is committed to helping this section of society and will announce further measures and relief for them.

In an emotional appeal to the nation, Modi requested the citizens to follow seven steps amid Lockdown 2.0.
PM's 7 Pointers Appeal to the Citizens:
1. Every citizen should take proper care of the senior citizens in the house. Particular attention should be given to those who are ill and are already suffering from underlying problems.

2. PM requested people to follow social distancing and emphasized on wearing masks, particularly homemade masks or face covers.

3. Modi asked people to follow the directions of the Ayush Ministry and try to increase their immunity. They can drink warm water or homemade Kaadha (Brew).

4. PM requested to download the Aarogya Setu application mobile application developed by the Government of India to connect essential health services with the people of India in our combined fight against COVID-19. People should also ask their friends and relatives to download the app.

5. At this hour of crisis, people should help the needy and low-income families wherever possible.

6. Modi also asked the businessmen to be sensitive towards their employees and coworkers and requested them not to downsize the employees.

7. Last but not least, Modi applauded the efforts of the Coronavirus 'soldiers'. He asked the entire nation to respect doctors, nurses, sanitation workers, Police and all others who are serving us during the Corona crisis.

We, at The Brand Global, will constantly keep you updated with the latest COVID- 19 updates. Do share your thoughts on the extension of the Coronavirus Lockdown 2.0.