20 Lakh Crore Economic Package India : Modi Lockdown Package India
20 Lakh Crore Economic Package India : Modi Lockdown Package India
Published on Nov 15, 2020
20 Lakh Crore Economic Package India : Modi Lockdown Package India
20 Lakh Crore Economic Package India : 20 lakh crore = 20,000,000,000,000 ( 13 zeros) : 20 Lakh Crore in Dollars is equivalent to 307.65 Billion US Dollars : Also, we hate to break it to you, but 20 lakh crores divided by 133 crores (the population of India) is not 15 lakh crores. That's just really poor math. It is roughly INR 15,000. Not to mention the fact that Modi never mentioned that the money would be deposited into every Indian's bank account.
To counter the various financial difficulties brought about by the novel coronavirus, Prime Minister Narendra Modi announced an economic package of Rs 20 lakh crore. "Atma Nirbhar Bharat Abhiyan" is a package for people working endlessly in multiple sectors of our economy, announced Modi. PM Modi also said that centre will enforce a fourth lockdown- with a lot of modifications. The details of the fourth lockdown Lockdown 4.0 will be communicated by May 18, stated Modi.
Prime Minister Narendra Modi has announced a special economic package, and said the recent decisions by the government, the decisions by the RBI combined with the May 12 financial package announcement come to about ₹20-lakh-crore — nearly 10% of India’s GDP.
About Atma Nirbhar Bharat Abhiyan
Special economic package is for our labourers, farmers, honest tax payers, MSMEs and cottage industry, the Prime Minister said in a televised address to the nation. India is standing on five pillars — economy, infrastructure, governing systems, vibrant democracy and supply chain, he said..
"From tomorrow, FM will give details of this Self Reliance campaign package. We need to go forward with bold reforms.
He said that through all this, various sections of the country, the links of the economic system, will get the support of 20 lakh crore rupees, will get support. This package of 20 lakh crore rupees will give a new impetus to the development journey of the country in 2020, the self-reliant India campaign.
The address comes a day after the Prime Minister held a video-conference with chief ministers on the Covid-19 situation. Modi also said in the meeting that states will have greater say in determining the extent of restrictions and relaxations after May 17. The country is in the third phase of lockdown which will end on May 17.
Major Highlights of PM Modi Address to the Nation
• PM delved on the amount of loss caused by the 120nm novel coronavirus
• The irreparable loss which occurred due to the pandemic is beyond any explanation
• India has converted the challenge of coronavirus into an opportunity
• India needs to fulfil its role as one of the leaders in the 21st century
• The Pandemic has taught us the true value of self-reliance
• India has always been a leader and our efforts at International forums are a testimony.
“Needs are changing in all phases, and so gradual changes are going to happen. We will incorporate the changes that you suggest,” the PM told the CMs, according to a participant at the meeting yesterday.
He also emphasised that social distancing remains the “biggest weapon” against the virus till a vaccine is found, and suggested that the lockdown may not be lifted entirely.
"If you remember the year 1999 and people were worried about Y2K, it was Indian ingenuity that worked. I remember very clearly the devastation of the earthquake in Kutch. And how Kutch stood again. Today we have the will and the way.
"Five pillars will prop up this edifice;
1) Economy that doesn’t talk of incremental change but a quantum jump.
2) Infrastructure
3) Technologically driven systems
4) Demography is our strength. Source of our energy
5) Demand - we need to stoke demand and every spoke of our supply chain has to be strengthened
Live Update India : Cases Till Now 20th Dec 2020
# Total number of passengers screened at airport : 15,24,266
# Total number of Confirmed COVID-19 cases across India * : 1,00,31,618
# Total number of Active COVID-19 cases across India * : 3,03,785
# Total number of Discharged/Cured COVID 2019 cases across India * : 95,79,658
# Total number of Deaths due to COVID 2019 across India * : 1,45,513
(*including foreign nationals, as on 20.12.2020)
Signs and Symptoms of COVID 19
Although those infected with the virus may be asymptomatic, many develop flu-like symptoms including fever, cough, and shortness of breath. Emergency symptoms including difficulty breathing, persistent chest pain or pressure, confusion, difficulty waking, and bluish face or lips; immediate medical attention is advised if these symptoms are present. Less commonly, upper respiratory symptoms such as sneezing, runny nose, or sore throat may be seen. Symptoms such as nausea, vomiting, and diarrhoea are seen in a minority of cases, and some of the initial cases in China presented with only chest tightness and palpitations. In some, the disease may progress to pneumonia, multi-organ failure, and death.
As is common with infections, there is a delay from when a person is infected with the virus to when they develop symptoms, known as the incubation period. The incubation period for COVID-19 is typically five to six days but may range from two to fourteen days
Social Distancing is a non-pharmaceutical infection prevention and control intervention implemented to avoid/decrease contact between those who are infected with a disease causing pathogen and those who are not, so as to stop or slow down the rate and extent of disease transmission in a community. This eventually leads to decrease in spread, morbidity and mortality due to the disease. In addition to the proposed interventions, the State/UT Governments may prescribe such other measures as they consider necessary.
