Stating that pushing GDP growth, which has slipped to 5-year low of 6.8 per cent in 2018-19, is the top priority, President Ramnath Kovind said Modi govt will bring more reforms and raise farm investments to boost growth.
Hard selling India as an investment destination at the WEF, Modi said the government is following the principle of reform, perform and transform.
Faulting previous governments for not taking adequate measures to economically empower women in the country, Prime Minister Narendra Modi on Thursday said his government was constantly creating an environment in which women self-help groups can connect villages with prosperity as he released Rs 1,625 crore as capitalisation support fund to over four lakh such groups. In a virtual interaction with the women self-help groups (SHGs) under the "Aatmanirbhar Narishakti se Samvad" (dialogue with self-reliant women) initiative, Modi said in a changing India, opportunities are increasing for women to move forward. The movement of woman SHGs has intensified in the last 6-7 years with over 70 lakh of them working across the country, a figure over three times more than earlier, he said, adding over eight crore women are connected with these groups.
The prime minister, on his first trip to his Lok Sabha constituency in over eight months, claimed poverty alleviation measures have lacked a proper direction and they are spoken about during election time as a "tradition".
The biggest achievement of demonetisation is that it has brought about a social revolution against black money and corruption, says Sukumar Mukhopadhyay.
Three recent initiatives kicked off with renewed vigour to improve governance were actually started, perhaps in a different format by the UPA government.
'When the campaign started the Congress said it had been miserable for the last 27 years for UP and that people should get rid of those who made it miserable, and that they should bring back the glorious years of the Congress.' 'Then they joined hands with those who ruled for the last 26 years. Some called it a shrewd strategy, but to the people this was not shrewdness.' 'Where is the credibility in your actions when you change direction of the campaign?'
Prime Minister Narendra Modi will undertake a day-long tour of his Lok Sabha constituency on Friday.
The meeting will be attended by all heads and EDs of public sector banks
Prasad, who referred to the days when the saffron party had won just two seats in the 1984 Lok Sabha polls, slammed the BJP for shying away from declaring its 'face' for state polls.
Modi sarkar took few initiatives to uplift the poor strate of society.
'Genuine mistakes can and must be forgiven,' argues Vivek Gumaste.
Arun Jaitley will aim for jumps in other revenue streams for the government.
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The year 2014 was one of the most challenging years for India. For two consecutive years our GDP growth was sub 5 per cent. Employment generation had declined, the revenue buoyancy was low and the country had become investment starved.
India will welcome two trade missions in 2015 focused on meeting its infrastructure needs with US technology and services.
Noting that Goddess Durga was worshipped as a symbol of 'Shakti' (strength), Modi said his government was consistently working for the empowerment of women.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The prime minister lamented on the lack of unanimity amongst the member states on the issue of terrorism, saying it dents those very principles, that are the basis for the creation of the United Nations.
'The clearest interpretation of the November 8 mandate is that the backwards, Dalits and minorities, and a huge proportion of women cutting across caste and class, displayed massive consolidation to the extent that despite chipping of votes by the Left Front, by the Third Front and by the BSP, Mahagathbandhan candidates won, and in many cases by huge margins,' says Mohammad Sajjad.
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
After the Bihar setback, these are the issues the PM must address to maintain the people's faith in him.
For the CBI, crimes are likely to become more innovative, complex, driven increasingly by technology and transcending geographical boundaries, says Anil Kumar Sinha.
The Economic Survey called for improving business environment.
The Budget will indicate where the Modi government stands on reforms, growth and development.
The government is determined to stop generation of black money, he said.
Bankers need to take a call on whether they will allow technology firms to run banks or banks themselves will turn into tech firms, says Tamal Bandyopadhyay.
The number of cyber crimes in India could touch 3,00,000 in 2015
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
'Most of the measures the finance minister announced will take effect after the lockdown.' 'By that time, millions of people will be starving.'
The prime minister is aware that whatever be its consequences, a new taxation regime cannot be launched closer to the general elections in 2019. Thus, any date after April 2017 for the launch of GST is risky, says A K Bhattacharya.
The new tax rates will come into effect from January 1, 2019.
Nilekani said new-age technology markets work on a winner-takes-all basis.
The Indian economy requires a Rs 3 lakh crore fiscal stimulus, including cash transfer to households through Jan Dhan accounts to spur economic growth amid the pandemic, industry chamber CII said on Thursday and pitched for appointment of a 'Vaccine Czar' for speedy vaccination coverage. CII president T V Narendran also said the chamber expects GDP to grow at 9.5 per cent in 2021-22 as the strong growth in the second half of the fiscal year will be supported by robust external demand and large-scale coverage of vaccination, allowing resumption of economic activity. He also advocated for appointment of a "Vaccine Czar" for speedy vaccination coverage.
'The government and the RBI have been playing a very good part in terms of inflation management.'
How much money the Modi government has already spent and is going to spend on all those foreign trips, muses Sunita Iyer
Bankers said the mammoth task of cleaning up the PSBs and improving their health will be a mammoth task for any chief executive.
Low consumer demand, a slide in investments and troubles in the banking sector should prompt the government to recalibrate taxes and expenditure. It is also important to ramp up spending on health care and education, says CII president Sumit Mazumder.
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
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