India working to achieve 8 p.c. growth: Modi

July 9, 2016

Johannesburg, Jul 9: India is working to achieve over 8 per cent growth in the coming years, Prime Minister Narendra Modi said in Johannesburg on Friday, while attributing the rise of the country to HOPE — Harmony, Optimism, Potential and Energy.

modi

He told the Indian diaspora that India is “one of the brightest spot in the global economy” and a “land of opportunities” for those who want to invest and have trade.

Mr. Modi said his government is working in a campaign mode to create 500 million new jobs by 2022 besides transforming rural and urban areas of the country through infrastructure development.

“While the world is marked by slowdown, India has registered a growth of 7.6 per cent this year and we are working to grow even at 8 per cent in the years ahead,” he said addressing an estimated gathering of 11,000 members of the Indian diaspora.

Mr. Modi, wearing a ‘Madiba’ shirt identified with anti-apartheid icon Nelson Mandela, said India’s dynamism is not about mere words but it is driven by concrete action.

“It (dynamism) is defined by our commitment to change the face of the Indian economy. Not just through sustained rapid economic growth but through multiple transformations that aim to uplift,” the Prime Minister said.

“India’s rise can be defined as HOPE — Harmony, Optimism, Potential and Energy....India’s rise is a story of rare resilience, renewed resurgence, superb speed and spectacular scale,” he said in his 40-minute address.

He said his government wants enterprises to flourish, businesses to grow and the country to rise.

“For this, we are already shaping a policy framework that strengthens India’s ability to build trade, manufacturing, innovation and investment partnerships with other countries in the world,” he added.

Mr. Modi said his intent was to ensure that the 800 million youth of India should fulfill the dreams, not only of India but the global demand.

“It is not only the economy or society that is racing ahead but the mindsets are also changing,” he said while giving an overview to the audience about the developments in India which he wanted them to see for themselves.

Seeking to strike a chord, Modi said as South Africa works for its economic prosperity, safety and security, it will find in India a “trusted and reliable partner“.

He said both India and South Africa face similar challenges and India is ready to join this country in its endavours.

“India and South Africa are strategic partners. We should build a partnership that spans entirety of human endeavour,” the Prime Minister said.

He said while terrorism is a global challenge, fight against diseases like AIDS and Ebola are some of the other priorities.

The Prime Minister noted that South Africa was the place where Mahatma Gandhi “conceptualised his politics” and is the “birthplace of Satyagraha”.

Describing South Africa as “karambhoomi (land of work)” of Mahatma Gandhi, he said this country “transformed Mohandas into Mahatma”.

He said Mahatma Gandhi held South Africa dearly as he believed that he had got rebirth in this land.

Hailing the Indian diaspora in South Africa as “proud sons and daughters of Indian heritage”, he said several Indians had gone to jail with Mandela and sacrificed their lives in the fight against apartheid.

Mr. Modi said while India was in the lead in opposing apartheid and had boycotted South Africa during those days, it was the first to embrace the country after apartheid was over.

In this context, he noted that India had hosted the South African cricket team a few months after apartheid was lifted on July 10, 1991.

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News Network
March 31,2020

Srinagar, Mar 31: In order to prevent the spread of coronavirus, the Jammu and Kashmir administration on Tuesday declared 20 villages of Kashmir division as 'red zone'.
"20 villages including Parray Mohala Hajin, Chandergeer Hajin, Batagund Hajin in Bandipora district, Gudoora, Chandgam, Pinglena, Parigam, Abhama, Sangerwani and Khaigam in Pulwama district, Waskura in Ganderbal, Sedew, and Ramnagri in Shopian district have been declared as red zones," said Department of Information and Public Relations, J-K, in a tweet.

In Srinagar district, Mehjoor Nagar, Natipora, Lal Bazar, Eidgah and Shalteng villages have been declared as red zones.

"Chadoora in Budgam district of Kashmir division has also been declared as red zone," another tweet said.

The total number of COVID-19 cases in Jammu and Kashmir climbed to 49 after 11 more people tested positive in the Union Territory on Monday. While three of these cases were reported from Jammu region, eight were from the Kashmir division.

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News Network
May 19,2020

Kolkata, May 19: The super cyclonic storm 'Amphan' in west-central Bay of Bengal is likely to weaken into an 'extremely severe cyclonic storm' by noon on Tuesday, the Met department said here.

The system, which was situated 670 km south-southwest of Digha in West Bengal, is very likely to move north-northeastwards across northwest Bay of Bengal, and cross West Bengal-Bangladesh coasts in the afternoon or evening of Wednesday as a 'very severe cyclonic storm', the Met department said.

The weatherman said that 'Amphan' is expected to cross West Bengal-Bangladesh coasts between Digha in West Bengal and Hatiya islands in Bangladesh on May 20 as a very severe cyclonic storm, after losing some steam as it approaches landfall, with a maximum sustained wind speed of 155 to 165 kmph gusting to 180 kmph.

Gale wind speeds reaching 240 to 250 kmph were prevailing over west-central and adjoining east-central Bay of Bengal, the Met office said, adding, it will gradually reduce to 200 to 210 kmph gusting to 230 kmph by Tuesday evening.

The Met department, which has issued an "orange message" for West Bengal, warned of extensive damage in Kolkata, Hooghly, Howrah, South and North 24 Parganas and East Midnapore districts.

There is likely to be disruption of rail and road link at several places, uprooting of communication and power poles and extensive damage to all types of 'kutcha' houses, the weatherman said.

There is also likelihood of massive harm to standing crops, plantations and orchards, the Met office said.

Wind speeds along and off the coastal areas of West Bengal will reach 45 to 55 kmph with gusts of 65 kmph from Tuesday afternoon, and will gradually increase becoming gale wind speeds reaching 75 to 85 kmph with gusts up to 95 kmph from May 20 morning along and off districts of North and South 24 Parganas, East and West Midnapore, Kolkata, Howrah and Hooghly, Regional Met Director G K Das said.

"It will gradually increase thereafter becoming 110 to 120 kmph gusting to 130 kmph over West Midnapore, Howrah, Hooghly, Kolkata and wind speeds of 165 to 175 kmph gusting to 195 kmph over the districts of North and South 24 Parganas and East Midnapore from the afternoon to night of May 20," Das said.

Under its impact, the coastal districts of Gangetic West Bengal, including North and South 24 Parganas, Kolkata, East and West Midnapore, Howrah and Hooghly are likely to experience light to moderate rain at many places with heavy downpour at isolated places on Tuesday, he said.

On Wednesday, rainfall will occur in many places over the districts of Gangetic West Bengal, with extremely heavy rain at one or two places in Kolkata, Howrah, East Midnapore, North and South 24 Parganas and Hooghly districts, he said.

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News Network
January 31,2020

New Delhi, Jan 31: Substantial competition and low tariff rates by telecom operators since 2016 have led to a financial stress in the sector, the Economic Survey said on Friday.

The data price in the country came down by over 99 per cent during 2016-2019, making it among the lowest tariff in the world, according to the survey.

"Since 2016, the sector has witnessed substantial competition and price cutting by the telecom service providers (TSPs), creating financial stress in the sector. As a result, the sector is experiencing consolidation. While some operators have filed for bankruptcy, others have merged, in their quest to improve viability," the survey report said.

In April-June 2019, the price of data was Rs 7.7 per gigabyte (GB) as compared to Rs 200 per GB in June 2016, it added.

"The Average Revenue Per User (ARPU) for GSM based mobile services has also gone down substantially from Rs 126 in June 2016 to Rs 74.30 in June 2019," the survey said.

The tariff war started in the market with entry of new telecom operator Reliance Jio in September 2016.

"BSNL and MTNL are also affected by the tariff war that has impacted their cash flow resulting in mounting losses," the survey said.

The financial health of the public sector telecom firms plummeted to a level where they have been finding hard to pay employees salaries in time.

The government has drawn up a plan to revive these PSUs which is still in works.

The revival plan consists of several measures, including reduction of staff cost through voluntary retirement scheme, allotment of spectrum for 4G services, monetisation of land and building, tower and fibre assets of BSNL and MTNL, debt restructuring through sovereign guarantee bonds and ''in-principle'' approval for merger of BSNL and MTNL.

The survey said that the wireless telephony now constitutes 98.27 per cent of all subscriptions whereas share of landline telephones now stands at only 1.73 per cent where market share is dominated by private sector players.

"The overall tele-density in India stands at 90.45 per cent, the rural tele-density being 57.35 per cent and urban teledensity being 160.71 per cent at the end of September 2019. The private sector dominates with a share of 88.81 per cent (106.06 crore connections) at the end of September, 2019 while the share of public sector was 11.19 per cent (13.36 crore connections)," the survey said.

The lower price of data has also lead in surge of broadband connections and average consumption of the internet.

Total broadband connections increased by about ten times, from 6.1 crore in 2014 to 59.46 crore in June 2019, the survey said.

The number of internet subscribers (both broadband and narrowband put together) stood at 66.53 crore at the end of June 2019 as compared to 25.16 crore in 2014.

The number of mobile internet subscribers was 64.36 lakh at the end of June 2019 while the number of wireline internet subscribers was 2.17 crore.

"India is now the global leader in monthly data consumption, with average consumption per subscriber per month increasing 157 times from 62 MB in 2014 to 9.8 GB in June 2019. The cost of data has also reduced substantially, enabling affordable internet access for millions of citizens," the survey said.

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