Previous govts hated development, says PM Modi

Agencies
September 22, 2017

Varanasi, Sept 22: Prime Minister Narendra Modi on Friday lashed out at previous governments, saying they seemed to hate development and “looted” public money to win elections.

Starting his two-day visit to Varanasi, Mr. Modi gifted schemes worth Rs 1,000 crore to his Lok Sabha constituency.

“Development is solution to all our problems. Previous governments seemed to hate development and looted public money to win elections,” he said addressing a public meeting here.

The Prime Minister, who was speaking after inaugurating several development initiatives, said, “We not only launch but also complete projects.”

He targeted previous governments, saying they were driven by political calculations, resulting in schemes being inaugurated but never seeing completion.

‘Empowering the poor’

Asserting that his government’s effort was to empower the poor, he said, “Our aim is to see that the dream of development is fulfilled and lives of poor changes and they get opportunities.”

Mr. Modi said even the poor people do not want their future generations to eke out a living like themselves. “No poor person wants to give their children their poverty in inheritance,” he said.

He said his government shares their dream and is working to realise it. “Our government has a dream to wipe out poverty,” he said.

He inaugurated the Deendayal Hastkala Sankul — a trade facilitation centre for handicrafts and crafts museum — constructed at a cost of ₹ 300 crore.

Referring to development projects for weavers, who constitute a major chunk of the population in the city, Mr. Modi said his government wants their works to be showcased globally so as to enhance their economic prospects.

“Our weavers need a global market which will enhance their economic prospects significantly,” he said.

At the Deendayal Hastkala Sankul, Mr. Modi evinced keen interest in the wooden and glass products on display and talked to the rural artisans to encourage them.

Flags off Mahamana Express

The Prime Minister said his government has started initiatives to connect waterways for economic develoment.

He also flagged off, via a video link, the Mahamana Express train to connect Varanasi with Vadodara and Surat in Gujarat, his home state.

Mr. Modi inaugurated banking services of the Utkarsh Bank and unveiled a plaque to mark the laying of foundation stone of the headquarters building of the Bank.

The Utkarsh Bank specializes in micro-finance.

The Prime Minister dedicated a Jal Ambulance (water amublance) service and a ‘Jal Shav Vahan’ service (water—based vehicle service for ferrying bodies) to the people of Varanasi, through a video link.

On the first day of his two-day tour, he is scheduled to visit the historic Tulsi Manas Temple, where he will release a postal stamp on “Ramayana.” He will also visit the Durga Mata Temple in the pilgim city.

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News Network
May 18,2020

May 18: Goldman Sachs expects India will experience its deepest recession ever after a poor run of data underscored the damaging economic impact of lockdowns in the world’s second-most populous nation.

Gross domestic product will contract by an annualized 45% in the second quarter from the prior three months, compared with Goldman’s previous forecast of a 20% slump. A stronger rebound of 20% is now seen for the third quarter, while projections for the fourth quarter and first of next year are unchanged at 14% and 6.5%.

Those estimates imply that real GDP will fall by 5% in the 2021 fiscal year, which would be deeper than any other recession India has ever experienced, Goldman economists Prachi Mishra and Andrew Tilton wrote in a note dated May 17.

India’s government has extended its nationwide lockdown until May 31, while further easing restrictions in certain sectors to boost economic activity, as coronavirus cases escalate across the country. The announcement followed Finance Minister Nirmala Sitharaman’s fifth briefing in as many days, in which she outlined details of the country’s $265 billion virus rescue package, which is equivalent to 10% of India’s GDP.

 “There have been a series of structural reform announcements across several sectors over the past few days,” the Goldman economists wrote. “These reforms are more medium-term in nature, and we, therefore, do not expect these to have an immediate impact on reviving growth. We will continue to monitor their implementation to gauge their effect on the medium-term outlook.”

Infections are surging across the South Asian nation of 1.3 billion people, with more than 91,300 infections, including 2,897 deaths as of Sunday, according to data from Johns Hopkins University.

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News Network
March 26,2020

New Delhi, Mar 26: Ujjwala beneficiaries will get free gas cylinders (LPG cylinders) in the next three months, Finance Minister Nirmala Sitharaman announced on Thursday. Addressing a press briefing amid coronavirus pandemic, the finance minister said the announcement is set to benefit 8.3 crore BPL families. 

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News Network
June 16,2020

New Delhi, Jun 16: Delhi Health Minister Satyendar Jain on Tuesday said that he has been hospitalised after suffering from high-grade fever and a sudden drop in his oxygen level.

He tweeted to inform that he was admitted to the Rajiv Gandhi Super Speciality Hospital (RGSSH) here, a dedicated COVID-19 facility under the Delhi government.

"Due to high-grade fever and a sudden drop of my oxygen levels last night I have been admitted to RGSSH. Will keep everyone updated," Jain tweeted.

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