Narendra Modi pitches for 'vibrant India', positions himself for 2014 polls

February 7, 2013

vibrant_India

New Delhi, Feb 7: Gujarat chief minister Narendra Modi made a powerful entry on the national centrestage by aggressively hawking his Gujarat model of development and governance as an alternative to the ruling coalition at the Centre, claiming his way would lift the despair enveloping the country and help it realize its potential.

Modi's forceful performance at the country's top commerce college — Shri Ram College of Commerce — and the response it got from his youthful audience is likely to add to the momentum already building up within the BJP for his formal projection as the party's prime ministerial candidate even at the cost of losing Bihar chief minister Nitish Kumar as an ally.

It was Modi's first public appearance in Delhi since his third straight victory in Gujarat and it came amid steadily growing indications about the larger Sangh Parivar tilting towards showcasing him as the BJP's counter to Rahul Gandhi for the 2014 match up.

Modi made full use of the opportunity as he flaunted the impressive growth Gujarat has clocked under his watch. He did not attack the UPA directly, but projected a forward-looking vision to connect with what is loosely referred to as aspirational India — the constituency of youth which is perceived to be up for grabs because of disillusionment with Congress.

He appeared to have pitched it right, with the speech — telecast live by all the networks — receiving repeated applause from the college stadium packed to the rafters. The BJP leader was greeted with cheers when he reached the venue. Outside, though, there was a large group protesting against him and a strong police contingent used lathi charges and water cannon to keep it at bay.

For many, the demonstration was evidence of Modi being a polarizing presence because of the 2002 Gujarat riots: something which is cited by his rivals within the BJP as well as allies like Nitish Kumar to argue that he does not have prime ministerial credentials.

But the cheers that Modi evoked from SRCC students, a group with a predisposition for entrepreneurship and economic growth, reinforced the argument of the faction which feels that only he can bring in the additional votes that BJP needs to overtake Congress decisively. This faction now appears to have gained an upper hand in the leadership debate.

The actual leadership drill is set to start next month when BJP holds meetings of its national executive and national council. The twin exercises will clear the way for Modi's return to the central parliamentary board as a possible prelude to his appointment as the chairman of the party's campaign committee. The decision on whether to project him or not will take longer to resolve but there is no mistaking the trajectory.

His foray into the Capital on Wednesday showed that Modi was game for the challenge. Coming after his visit to Rajasthan for a wedding and his plan to visit Allahabad for the Maha Kumbh on March 12, the outing at SRCC showed that speculation about a national role may have encouraged the chief minister, so far comfortably ensconced in Gujarat, to venture farther afield.

Modi certainly did not seem fazed by the protesters as he reached out to his audience. "Minimum government, maximum governance is my creed," he said: an apt formulation for a college which has been the recruiting ground for corporate India and where a government with heavy footprint has always been frowned upon.

There was more on similar lines. Modi bandied his 3 'S' — skill, scale and speed - as the means to break out of stagnant growth India is currently experiencing. The extempore speech was peppered with managerial formulations — value addition, skill development, lab-to-land (agriculture), farm-to-fiber-to-factory-to-fashion (textile), and P2G2 (pro-people good governance).

The criticism of vote-bank politics appeared tailor-made for the throng that routinely despairs at the premium placed on identity politics a short shrift to "merit". If the focus on development brought out the eagerness of the man to leave 2002 behind and to be judged on the secular parameters of growth, investment and development, Modi's attempt to tap into the aspiration-driven youth was quite evident. "There are those who consider you the new age voter, but for me, you are the new age power who can help India realize the glory Vivekananda had envisioned," he said.

Modi started off by painting himself as an unrepentant optimist. "For me, the glass is always full," he declared, waving the tumbler kept for him at the lectern. The "we-can-do-it" theme ran through the nearly hour-long speech, with Modi asserting that the 21st century would be India's and declaring that the country can overtake China in manufacturing.

The effort to showcase his pro-growth credentials had him dipping into the nitty-gritty of packaging and benefits of brand building. Modi said 121 countries and business houses accounting for the 50% of India's GDP had gathered under one roof for the Vibrant Gujarat Summit and that too, at just 11 days' notice.

In the same vein, he asserted that it took him just 162 days to build the country's largest convention centre and that takes just 19 months for a company from the drawing board to start manufacturing coaches for the Delhi Metro in Gujarat.

But did not lose sight of his larger message: an optimistic and hopeful future for a youthful country which deserved better than the all-pervasive despair. "India was a land of snake charmers but now it is known for its mouse charmers (referring to India's expertise in software). And this would not have been possible without the young hands that we have. That shows that Swami Vivekanand was right when he declared that India will be the world leader once again. This is the era of knowledge economy and the opportunity for India to take its rightful place at the top," he concluded to a generous applause.

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News Network
January 2,2020

Perambalur, Jan 2: Veteran Tamil writer Nellai Kannan was arrested in Perambalur for criticizing Prime Minister Narendra Modi and Home Minister Amit Shah during a protest against Citizenship (Amendment) Act.

The Tirunelveli Police had registered the FIR against the writer for the speech delivered at a meeting, which was called by the Social Democratic Party of India on December 29 last year.

The police have booked him on the basis of multiple complaints filed by BJP leaders.

Kannan has been booked under Sections 504, 505(1) and 505(2) of the Indian Penal Code.

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News Network
March 5,2020

New Delhi, Mar 5: Retirement fund body EPFO on Thursday lowered interest rate on provident fund deposits to 8.5 per cent for the current financial year, said Labour Minister Santosh Gangwar on Thursday.

The EPFO had provided 8.65 per cent rate of interest on EPF for 2018-19 to its around six crore subscribers. The decision was taken at a meeting of the the Employees' Provident Fund Organisation's (EPFO) apex decision making body -- the Central Board of Trustee.

"The EPFO has decided to provide 8.5 per cent interest rate on EPF deposits for 2019-20 in the Central Board of Trustees (CBT) meeting today," Gangwar told reporters after the meeting here.

Now, the labour ministry requires the finance ministry's concurrence on the matter. Since the Government of India is the guarantor, the finance ministry has to vet the proposal for EPF interest rate to avoid any liability on account of shortfall in the EPFO income for a fiscal.

The finance ministry has been nudging the labour ministry for aligning the EPF interest rate with other small saving schemes run by the government like the public provident fund and post office saving schemes.

The EPFO had provided 8.65 per cent rate of interest to its subscribers for 2016-17 and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16.

It had given 8.75 per cent rate of interest in 2013-14 as well as 2014-15, higher than 8.5 per cent for 2012-13.

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February 21,2020

Washington, Feb 21: Days ahead of his India visit, US President Donald Trump on Thursday said the two countries could make a "tremendous" trade deal.

"We're going to India, and we may make a tremendous deal there," Trump said in his commencement address at the Hope for Prisoners Graduation Ceremony in Las Vegas.

Trump, accompanied by First Lady Melania Trump, is scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25.

Ahead of the visit, there have been talks about India and the United States agreeing on a trade package as a precursor to a major trade deal.

During his commencement address, Trump indicated that the talks on this might slowdown if he did not get a good deal.

"Maybe we'll slow down. We'll do it after the election. I think that could happen too. So, we'll see what happens," he said.

"But we're only making deals if they're good deals because we're putting America first. Whether people like it or not, we're putting America first," Trump said.

Bilateral India-US trade in goods and services is about three per cent of the US' world trade.

In a recent report, the Congressional Research Service (CRS) said the trading relationship is more consequential for India -- in 2018 the United States was its second largest goods export market (16.0 per cent share) after the European Union (EU, 17.8 per cent), and third largest goods import supplier (6.3 per cent) after China (14.6 per cent) and the EU 28 (10.2 per cent).

"The Trump Administration takes issue with the US trade deficit with India, and has criticised India for a range of 'unfair' trading practices," the CRS said.

"Indian Prime Minister Modi's first term fell short of many observers' expectations, as India did not move forward with anticipated market opening reforms, and instead increased tariffs and trade restrictions," it said.

"Modi's strong electoral mandate may embolden the Indian government to press ahead with its reform agenda with greater vigour. Slowing economic growth in India raises concerns about its business environment," CRS said.

As per a fact sheet issued by the Council on Foreign Relations (CFR), trade in goods and services between the two countries from 1999 to 2018 surged from $16 billion to $142 billion.

India is now the United States' eighth-largest trading partner in goods and services and is among the world's largest economies.

India's trade with the United States now resembles, in terms of volume, the US' trade with South Korea ($167 billion in 2018) or France ($129 billion), said Alyssa Ayres from CFR.

"The United States for two years now has set out in stone pretty clearly the things that they wanted to see to try to get an agreement, and it's basically then on India's doorstep on whether they want to take those steps," Rick Rossow, Wadhwani Chair in US-India Policy Studies at the Center for Strategic and International Studies think-tank told reporters during a conference call.

"The list of US asks has been pretty static all throughout. Not to say that any of these things are easy for India to do, but the United States to my knowledge didn't change the goalposts just because we now consider India to be a middle-income country. The things that we wanted to see happen to get this trade agreement have been pretty static all throughout, no matter how difficult they are," he said in response to a question.

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