Prime Minister Modi has announced Rs 20 Lakh Crore Economic Stimulus package to fight against Covid-19 Battle

Prime Minister Narendra Modi has addressed the nation Fifth time and five days before the Nationwide Lock down 3.0 is going to end. Modi Told the Lock down 4.0 will be in a new form. He also mentioned that Caronavirus will be a part of our lives for a longer period of time as said by experts and research scientists.We need to overcome this pandemic situation by wearing masks and Maintaining Social Distancing measures. The Government will announce the new rules before May 18th.

Prime Minister Narendra Modi

Narendra Modi has announced Rs 20 Lakh crore worth Stimulus package that helps to revive the economic crisis arised due to Caronavirus. This Package is equivalent to 10% of India's GDP. Finance Minister Nirmala Sitaraman will give the complete details regarding the economic package on 13th May 4 PM. This Package will play a bigger role in "Atmanirbhar Bharat Abhiyan" 

The reforms will strengthen Make in India and promotes global & local businesses that attracts investments. The new reforms includes Rational Tax System Policy, Simple and clear rules and regulations,laws Agriculture Supply Chain reforms,Efficient Human Resources, strong financial system. This Package will also focus on MSME's ( Micro Small and Medium Sized Enterprises ) , Cottage industries, Farmers and Labourers ,Middle class people and Industry. This package will also help poor people , migrant works Organized and unorganized sectors to empower them to provide their best of their efficiency and quality deliverables.

Narendra Modi mentioned  The economy with strong financial system, Quality Infrastructure, System Demography and Demand are considered as top five pillars of  India's self-reliance. He also stresses more on local manufacturing , Local Markets and supply chains related to farming etc that help them become global. India has converted this pandemic Covid-19 challenges into an opportunity. 

This package may have loan guarantees to Micro Small and Medium Sized Enterprises, Wages support for workers, Protection and support for Migrant Labourers, Various Tax incentives for local production units , Tax rebates for spur spending activities and providing support for Construction activities.