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Last Updated : May 12, 2020 10:04 PM IST | Source: Moneycontrol.com

PM Modi's speech on coronavirus: Lockdown 4.0, economic relief package — here are the key takeaways

His address came a day after his meeting with state chief ministers where he sought suggestions on the lockdown strategy

Prime Minister Narendra Modi on May 12 addressed the nation amid the ongoing nationwide lockdown. This phase of the lockdown is set to end on May 17.

His address came a day after his meeting with state chief ministers where he sought suggestions on the lockdown strategy.

Track this blog for LIVE updates on the PM Modi's address

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Here are the key takeaways from his address today:

COVID-19 Vaccine

Frequently Asked Questions

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

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>> PM Modi announced a special economic relief package in light of the ongoing situation due to the COVID-19 outbreak. He said the economic measures earlier announced by the government to tackle the COVID-19 pandemic, steps taken by the Reserve Bank of India (RBI), and this latest package will come up to a total of Rs 20 lakh crore, nearly 10 percent of India's gross domestic product (GDP).

>> The package, he said, will focus on land, labour, liquidity and laws.

>> He emphasised the need for a self-reliant India, the five pillars of which will be economy, infrastructure, technology-driven system, demography and demand.

>> PM Modi also said Lockdown 4.0  will be a new one, with new rules. It will be implemented based on suggestions from the states and details of the same will be announced before May 18.

>> He talked about the need to become local for vocal. The prime minister emphasised how we need to make the 'local' the mantra of our lives. He said today's global brands were once local too, but only with people's support did they go global.
First Published on May 12, 2020 08:53 pm
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