Maybe explicitly indicate that all instructions are in italics or between square brackets (also holds for other README files), especially since these should be removed once this file has been finalized.
Instructions consist of a mix of explanations and things that should be done (remove instructions, edit github.txt, create a ,gitignore file). It would be helpful to better separate these,
The way I understand it, text in bold (for example, Short title + project description) should not be deleted. Is that correct?
should be place in -> should be placed in
apprpriate changes -> appropriate changes
Remove empty line before The \Processing directory should contain (otherwise Notepad++ gets confused)
Explain in detail how to execute the code -> How to execute the code