Prime Minister Narendra Modi yesterday announced a 'financial package' of Rs 20 lakh crore to protect the economy from the crisis and build a 'self-reliant India'. Which is equal to 10 percent of the country's GDP. However, he himself said, it is not entirely new. The project already announced by the government to address the poor and the relief announced by the Reserve Bank to increase the supply of cash is also part of this Rs 20 lakh crore.

The Prime Minister did not say yesterday where and how much of this financial package will be used. He said that in the next few days, Finance Minister Nirmala Sitharaman will give all the details. However, Modi's assurance that the financial package will include cottage industries, small and medium enterprises to the corporate world, workers, and peasants to the middle class. There will be bold reforms of land and labor laws. Which will help India become financially self-sufficient.

But according to some economists, the center will not bear the responsibility of Rs 20 lakh crore, it is clear. After the lockdown, the Modi government has announced a poor welfare project worth Rs 1.7 lakh crore. RBI's relief amount is Rs 4.5 lakh crore. 7.2 lakh crore in total. In other words, according to the announcement of the Prime Minister, about 12.7 lakh crore more financial medicine is going to come.

 Modi also mentioned the fourth episode of Lockdown. Assured with that, the fourth episode will look a lot different. He wanted to know about the future of the lockdown like the states. He also asked the chief ministers to inform in writing by May 15 where a state wants a discount. The current lockdown period ends on May 18. Modi also said that the people would be informed about the new rules before May 16. "I will follow all the rules and fight and move on," he said.