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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" 


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.


This post first appeared on Latest Technology News|Current Events|Business Inf, please read the originial post: here

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

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