PM Modi announces mega Rs 20 lakh crore financial package: Who said what | India News

NEW DELHI: In a big push to revive the Covid-hit economy, Prime Minister Narendra Modi on Tuesday announced a special economic package that will focus on empowering the poor, labourers and migrants both from organised and unorganised sectors. The package will also focus on land, labour, liquidity and laws.
During his televised address to the nation, the PM said the recent decisions by the government, the decisions by the RBI combined with Tuesday’s financial package announcement come to about Rs 20 lakh crore – nearly 10 per cent of India’s GDP.
Here is a look at who said what on the financial package:
Home minister Amit Shah
The Modi government takes decisions in the interest of the country and the just announced Rs 20 lakh crore relief package will help the poor, farmers and middle class.
The time has come for everyone to take a pledge to use more and more local products.
In every decision of the Modi government, the interest of the country and the countrymen has been at the centre. A special package of about Rs 20 lakh crores announced by the Modi government is reflective of this.
Congress leader Randeep Surjewala
Prime Minister Narendra Modi’s address is one that gave the country a headline. The nation is disappointed by his “failure” to address the woes of millions of migrants.
The mammoth heartbreaking human tragedy of migrant workers walking back home needed compassion, care and safe return.
“Dear PM, What you said today gives the country and the media a HEADLINE,” Surjewala said on Twitter.
BJP president JP Nadda
In the times of Covid-19, PM Narendra Modi is leading the country from the front. The 21st century will be defined by India, PM’s message today has laid foundation stone for implementing this. Aatmanirbhar Bharat is our mantra for driving country towards this new change.
Today, our PM has declared the world’s largest holistic relief package. Modi government has given financial packages of Rs 20 lakh crore to support every section of the society. It is around 10% of the Indian GDP. PM’s proactive approach will build Aatmanirbhar Bharat.
Assocham secretary general Deepak Sood
With this announcement, we can say the estimations of 0-1% growth are now defeated and we’re very clear that if all this money is pumped into the economy we should see 2-3% or 4% growth as we move along and as early as March of next year.
Assocham had reasoned with the Indian industry, the government and had made this request about a month-and-a-half back for a package of US$ 200-300 billion. We are delighted that we were able to foresee this and we’re glad that it’s in alignment with the Indian thinking
Ficci secretary general Dilip Chenoy
PM’s announcement of the package of Rs 20 lakh crore is very significant. What he said about it covering all sections of society, all sectors of industry and really looking for a self-reliant India was a very positive message.
We all need to collaborate and work together to make that happen and make Indian economy revive again.
Union minister Nitin Gadkari
The industry can never forget this support given by PM Modi to small industries, cottage and rural industries. Over 11 crore wokers, who work in these industries, have been given relief. We’ll come out of this crisis and walk towards development.
With its technological and other resources, India can become a super economic power which is the dream of the PM.
Chhattisgarh CM Bhupesh Baghel
The financial package should have been announced earlier. It is not clear what is in the package for labourers, farmers, traders, and MSMEs. Tomorrow the finance minister will clarify it, then only it will be clear which sector is getting what.
Confederation of Indian Industry DG C Banerjee
The PM made an unprecedented announcement of an economic package to deal with the extraordinary situation we are in today because of the coronavirus. The economic package of Rs 20 lakh crores really promises to place India back into the path of economic recovery.
Uttarakhand CM Trivendra Singh Rawat
Uttarakhand CM Trivendra Singh Rawat welcomed PM Modi’s announcement of an economic package for labourers, farmers and industries, saying it will pave the way for a self-reliant India.
The package will bring great relief to labourers, farmers, medium and small industries besides benefitting all sections of society, he said.
It will also boost the local economy, Rawat said.
Haryana CM Manohar Lal Khattar
Haryana CM Manohar Lal Khattar has expressed gratitude towards Prime Minister Narendra Modi for announcing the Rs 20 lakh special economic package to revive the Covid-hit economy, describing it as “the world’s most holistic Covid-19 relief package”.
“It is the world’s most holistic Covid-19 relief package,” said Khattar, adding that it will increase efficiency of all sectors.
Rajasthan CM Ashok Gehlot
Rajasthan chief minister Ashok Gehlot also welcomed the financial package announced by the Prime Minister.
“The financial package announced by PM Modi ji was much awaited. Better late than never. We welcome this. Now when details emerge, we would know exactly how different sectors would benefit,” he tweeted.
Congress spokesperson Jaiveer Shergill
Hoping that the Rs 20 lakh crore package is not scripted with same pen which was used to make the promises of giving everyone Rs 15 Lakh, cleaning ‘Maa Ganga’, bringing back black money in 100 days, transforming Varanasi into Kyoto and ending terrorism with demonetisation.
Madhya Pradesh chief minister
This package will give youth, farmers and all sections of the society #Sambal (support). The country will emerge more powerful than earlier.
The move has clearly shown to the world that India is not only capable of meeting all challenges but also has a capable roadmap to fight it.
ACMA president Deepak Jain
Auto components manufacturers’ body ACMA welcomed the Rs 20 lakh crore economic package to overcome the impact of coronavirus pandemic, saying it will bring relief to many stressed sectors.
The announcement of the economic package is indeed very welcome and is the need of the hour, Automotive Component Manufacturers Association of India president Deepak Jain said in a statement.
TMC leader Sougata Roy
Most of the PM’s speech was all about boasting about his government’s so-called achievements. The address has been incomplete and disappointing. There is no clear direction about how this Rs 20 lakh crore would be spent.
What will happen after May 17, there is no clear indication regarding it. He spoke about Lockdown 4.0, but what will be its structure nobody knows.
While delivering his speech, the prime minister did not spare a word about the ongoing migrant labour crisis.


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