Coronavirus India: PM Modi announces Rs 20 lakh crore special economic package, says lockdown 4.0 will have new rules

12 May, 2020 | Priyanka Sharma

PM Modi National

Coronavirus India Latest Updates, Lockdown 4.0 new guidelines and rules, Lockdown Extension News, Emergency Economic Package of Rs 20 lakh crore, Aatma Nirbhar Bharat Abhiyan: Prime Minister Narend...

Coronavirus India Latest Updates, Lockdown 4.0 new guidelines and rules, Lockdown Extension News, Emergency Economic Package of Rs 20 lakh crore, Aatma Nirbhar Bharat Abhiyan: Prime Minister Narendra Modi,  in his address to the nation on Tuesday, announced that the lockdown will be extended beyond May 17. He said that there will be a lockdown 4.0 but in a new form and with rules. Coronavirus is here to stay for a very long time so we will wear masks and maintain the norms of social distancing but we would not let it affect us. The revised guidelines on Lockdown 4.0, based on the suggestions given by the states, will be shared before May 18.

PM Modi also announced a special economic relief package of Rs 20 lakh crore. Called the Aatma Nirbhar Bharat Abhiyan, the special economic package will be a compiled package of the announcements made by the Indian government over COVID-19, RBI’s decision and today’s package, which makes up for 10% of India’s GDP. The five important pillars of Aatma Nirbhar Bharat Abhiyan would be economy, infrastructure, system, demography and demand.

Underlining the importance of becoming self reliant and achieving a self reliant economy, PM Modi said we must make ‘local’ the mantra of our life. The global brands were once local too. They became global after people started supporting them. It is thus important that every Indian becomes vocal about our local brands.

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Earlier on Tuesday, Health Minister Dr Harsh Vardhan said that the recovery rate in India against coronavirus is getting better everyday. The recovery rate is currently at 31.7%. Moreover, India has the lowest coronavirus mortality rate in the world. While the global mortality rate is around 7-7.5%, the mortality rate in India is around 3.2% and even less in some states.

The total number of coronavirus cases in India has crossed 70,000 mark today. With the total number of positive cases now at 70,756, there are 22454 cured/discharged/migrated cases and 2293 deaths. In last 24 hours, about 3604 new cases and 87 deaths have been reported. States with the highest number of coronavirus cases include Maharashtra (23,401), Gujarat (8541), Tamil Nadu (8002) and Delhi (7233).

Also Read: Former Prime Minister Manmohan Singh discharged from AIIMS, tests negative for COVID-19