Economy

PM Narendra Modi announces lockdown 4.0; urges country to become 'Aatma Nirbhar'

Updated : May 12, 2020 09:11 PM IST

Lockdown 4.0 dates will be announced before May 18, Modi said.

Prime Minister Narendra Modi has announced lockdown 4.0 which will be focused on India fighting the economic hit due to the coronavirus pandemic.

Lockdown 4.0 dates will be announced before May 18, Modi said.

The Prime Minister also announced an economic package worth Rs 20 lakh core (will subsume current packages) and said it calculates to 10 percent of the country's GDP.

Finance Minister Nirmala Sitharaman will announce details of the new stimulus package in the next two days.

ALSO READ: Key highlights from PM's speech

Modi also said that the country needs to focus on being self-reliant rinding on five parameters/guidelines.

- Go for a quantum jump and not incremental changes. - Modern infrastructure which can reflect the new India - 21st-century technology-driven systems - A vibrant demography - Increasing demand in the country.

PM Narendra Modi announces lockdown 4.0; urges country to become 'Aatma Nirbhar'

You May Also Like

Irdai asks insurers to offer standard annuity product Saral Pension from April 1

L&T Q3FY21 operationally stronger than expectations but revenue down 1.8%

Closing Bell: Sensex, ends 531 points lower, Nifty down 1%; RIL falls over 5% post Q3

Trending on CNBC-TV18

recommended for you