I dream of every family owning a house by 2022: PM Modi in Gujarat

Agencies
August 23, 2018

Jujwa, Aug 23: Prime Minister Narendra Modi today said he dreams of every family owning a house by 2022 when the nation will celebrate 75 years of independence, and asserted that no bribes have to be paid to avail benefits of the Centre's housing scheme.

He said there is no place for the system of paying 'commission' in his government.

In an apparent jibe at former (Congress) prime minister Rajiv Gandhi who had once claimed that if the Centre releases Re 1, only 15 paise reach the poor, Modi said in his government "if Re 1 goes from Delhi, the entire 100 paise reach the house of the poor".

The prime minister was addressing a public gathering at Jujwa village in Gujarat's Valsad town after witnessing the collective 'e-gruha pravesh' (online house warming) of the beneficiaries of Pradhan Mantri Awas Yojana (Gramin).

More than one lakh houses have been built in the state under the Centre's flagship scheme which envisions housing for all.

"While talking to women beneficiaries of the Pradhan Mantri Awas Yojna, I was watching the houses behind them. Even you would be wondering how such good quality houses were built under the scheme," Modi said after interacting with some of the beneficiaries in various districts of Gujarat through video conferencing.

"This was made possible because there is no place for the system of paying commission in my government. If one rupee goes from Delhi, the entire 100 paise reach the house of the poor," he said.

Modi said his government has the "guts", and when the entire country is watching and the media is present, he can ask the women beneficiaries if they had to pay any bribe or commission to get the houses.

"In reply, the mothers and sisters could say with satisfaction that they got the houses according to rules and they did not have to pay a single rupee bribe," he said.

The prime minister said his endeavour is to ensure that every Indian family has its own home by 2022.

"Gujarat has taught me a lot. This lesson has taught me to fulfil dreams within a specific time. It is my dream, it is our endeavour to ensure that every Indian family has its own home by 2022," Modi said.

He said the government has given money, but along with it, these homes have been built with the "sweat of the family".

"The family decided how will the house be, what material will be used and how will it be made. We did not believe in contractors but the family. When a family makes its own home, it makes it the best," Modi said.

The prime minister arrived in Gujarat this morning on a day's visit and headed to Valsad.

He would later go to Junagadh town in Saurashtra to inaugurate various projects, including a newly-built hospital of the Gujarat Medical and Education Research Society and two fisheries colleges at Veraval town in the Gir Somnath district, another official said.

Modi would also address a public meeting at the Police Training College ground near Junagadh.

Later, he will preside over the convocation ceremony of the Gujarat Forensic Science University in Gandhinagar and before leaving for Delhi, he will attend the meeting of the Somnath Temple Trust in the evening at the Raj Bhavan there.

Comments

Mr Frank
 - 
Friday, 24 Aug 2018

PM forget he has choosen upto 2019 only his promise must not cross beyond that,all the promises are FEKU upto now that is why he want to drag people to 2022 with FEKU promises in advance,but janatha will not excuse you destroyed peace,security,prosperity,free speech,appearance of activist,womens safety ,rupee value,employment to youth etc etc no end.

 

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News Network
July 17,2020
New Delhi, Jul 17:  Congress leader Rahul Gandhi on Friday said that as India's COVID-19 tally has crossed 10,00,000 mark and issued a warning that by August 10, more than 20,00,000 people may be infected in the country. He called on the government to take concrete steps to control the pandemic.
 
Taking to Twitter, Gandhi marked his earlier tweet from July 14 that stated: "This week the figure will cross 10,00,000 in our country."
"The tally has crossed 10,00,000 mark. If COVID-19 continues to spread at the same speed, by August 10, more than 20,00,000 people will be infected in the country.
 
The government must take concrete, planned steps to stop the epidemic," he tweeted today.
With the highest single-day spike of 32,695 cases and 606 deaths, India's COVID-19 tally on Thursday reached 9,68,876, informed the Union Ministry of Health and Family Welfare on Thursday.
 
The total number of COVID-19 cases includes 3,31,146 active cases, 6,12,815 cured/discharged/migrated and 24,915 deaths. 

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News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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