President urges people to vote during LS polls

Agencies
January 25, 2019

New Delhi, Jan 25: With Lok Sabha elections round the corner, President Ram Nath Kovind on Friday gave a clarion call to people to perform the "sacred act" of voting, emphasising this year's polls should be seen as a "once-in-a-century moment" that will shape the India of the remainder of the 21st century.

Observing that an election is not just a political exercise, Kovind said it is a collective call to wisdom and a collective call to action, adding the ideas and idealism of our democracy will come into force to elect the 17th Lok Sabha.

In his customary address to the nation on the eve of the 70th Republic Day, the President said development of the country cannot be completed without a salute to the "spirit of inclusiveness and pluralism which rests on a "tripod of diversity, democracy and development".

"This country belongs to each of us and to all of us – every group and every community, every region and every identity. It belongs to every citizen and every individual. India's pluralism is its greatest strength and its greatest example to the world.

"The 'Indian model' rests on a tripod of diversity, democracy and development. We cannot choose one above the other; we must have all three and we will have all three," he said in the address that was telecast and broadcast across the country.

Referring to the general elections that are due before June, the President said it will be the first when voters born in the 21st century will contribute to electing a new Lok Sabha.

The election represents the diverse and singular urges of the people and the Republic of India, he said.

"This makes the very act of voting a sacred act. Please perform this act. Who the voter chooses to vote for is up to him or her, I would only request all eligible voters to go out and vote.

"Our country is at a key juncture. In some respects this is as critical and formative a period as the late 1940s and early 1950s. Decisions and actions of today will shape the India of the remainder of the 21st century. As such, this is not just a once-in-a-generation moment – it is a once-in-a-century moment," he said.

The President said this election, in which the ideas and idealism of democracy will come into full force, is only a milestone in the journey towards fulfilling the aspirations of the people and building a developed India.

While appreciating the role of successive generations in nation building, the President reminded the people that "our voyage is far from complete."

"There are still waters to cover, still gaps to fill and still tears to wipe."

"We have to recalibrate our yardstick of achievement and success – from quantity to quality; from a literate society to a knowledge society; from a nation that has room for all segments and all communities to a family that invokes, encourages and celebrates the uniqueness and potential in each person – each daughter and each son," he said.

He said the ideals of Mahatma Gandhi of all people living in perfect harmony are a constant reminder while building the nation.

In an apparent reference to the 10 per cent quota for economically weaker sections in the general category, he said "the recent constitutional amendment to provide special facilities for talented children from poorer families is another step to an India of our dreams – and of Gandhiji's dreams."

The President also advocated the need for engaging in conversation with groups who have been historically disadvantaged.

"Partnerships are enhanced by open communication, honest conversation and unstinted compassion...This is also true with sections or groups that have been historically disadvantaged and whose grievances must continue to be heard and addressed. It is important to create avenues for such conversations, even if they are inconvenient.

"In a society experiencing rapid change, we must be prepared for such conversations. And similarly, we must be alive to the need for compassion – to those less privileged than us and to the differently-abled, for example," he said.

The President stressed that the vision of India's Republic was to reach democratic goals by democratic means, pluralistic goals by pluralistic means, enlightened goals by enlightened means, inclusive goals by inclusive means, compassionate goals by compassionate means – and constitutional goals by constitutional means.

"May those principles always illuminate our path! After all, 'We, the People …' gave ourselves this Constitution and 'We, the People …' are the custodians and upholders of its principles," he said.

He said the best indicator of social change in India is changing towards gender equity and towards providing equal opportunities, under conditions of equality, to every girl child and every woman.

"...Young women in our country are moving ahead in every field - from academics to the creative arts, from sports to the armed forces. There is no stopping and no hesitation in this process. It is the route to India’s future," he added.

Kovind said this year also marks 150th birthday anniversary of Gandhi ji which will be followed by the 70th anniversary of the adoption of the Constitution. "In his (Bhimrao Ambedkar), honour and in our Constitution's honour, the nation will celebrate Constitution Day this year in an appropriate manner," he said.

The President said the country was at the doorstep of eliminating extreme poverty for the first time in memory and several people friendly programmes including equitable healthcare have begun to be rolled out.

Road, water, rail and air connectivity has improved. "India has been united and integrated – now it is being networked," he said.

Comments

Wellwisher
 - 
Saturday, 26 Jan 2019

Happy Republic Day

 

Long Live India

 

No  doubt this time polling turnout wI'll come with new record.Peace lovIng patriot Indians will reject criminal force and their political leader's. 

 

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News Network
April 9,2020

New Delhi, Apr 9: With an increase of 540 positive COVID-19 cases reported in the last 24 hours, India's tally of coronavirus cases has risen to 5,734, said the Ministry of Health and Family Welfare on Thursday.

Out of the 5,734 cases; 5,095 are active COVID-19 cases and 472 cases have been recovered/discharged and one case migrated.
The death toll has also risen to 166 after 17 new deaths were reported in the last 24 hours.

Maharashtra is the worst-hit state 1,135 positive cases so far and while Tamil Nadu is second with 738 positive cases. Delhi's tally has risen to 669 cases. 

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News Network
March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

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News Network
February 29,2020

New Delhi, Feb 29: India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global Covid 19 coronavirus outbreak stifles growth in Asia’s third-largest economy.

The gross domestic product (GDP) data released yesterday showed government spending, private investment and exports slowing down, while there is a slight upturn in consumer spending and improvement in rural demand lent support.

The quarterly figure of 4.7% growth matched the consensus in a Reuters poll of analysts but was below a revised - and greatly increased - 5.1% rate for the previous quarter.

The central bank has warned that downside risks to global growth have increased as a result of the coronavirus epidemic, the full effects of which are still unfolding.

Prime minister Narendra Modi’s government has taken several steps to bolster economic growth, including a privatisation push and increased state spending, after cutting corporate tax rates last September.

In its annual budget presented this month, the government estimated that annual economic growth in the financial year to March 31 would be 5%, its lowest for last 11 years.

Modi’s government is targeting a slight recovery in growth to 6% for 2020/21, still far below the level needed to generate jobs for millions of young Indians entering the labour market each month.

The annual GDP figure for the September quarter was ramped up from an earlier estimate of 4.5%, while the April-June reading was similarly lifted to 5.6% from 5%, data released by the Ministry of Statistics showed on Friday.

Capital Investment Drop

In the December quarter, private investment grew 5.9%, up from 5.6% in the previous quarter, while government spending rose by 11.8%, against 13.2% in the previous three months.

However, corporate capital investment contracted by 5.2% after a 4.1% decline in the previous quarter, indicating that interest rate cuts by the central bank have failed to encourage new investment. Manufacturing, meanwhile, contracted by 0.2%.

“It appears growth slowdown is not just cyclical but more entrenched with consumption secularly joining the slowdown bandwagon even as the investment story continues to languish,” said Madhavi Arora of Edelweiss Securities in Mumbai.

Many economists said that the government stimulus could take four to six quarters of time before lifting the economy and the impact of those efforts could be outweighed by the global fallout from the coronavirus epidemic that began in China.

“The coronavirus remains the critical risk as India depends on China for both demand and supply of inputs,” said Abheek Barua, chief economist at HDFC Bank.

Indian shares sank on Friday for a sixth session running, capping their worst week in more than a decade. The NSE Nifty 50 index shed 7.3% over the week, while the Sensex dropped 6.8%, the worst weekly declines since the 2008-09 financial crisis.

Separately, India’s infrastructure output rose 2.2% year on year in January, data showed on Friday.

A spike in inflation to a more than 5-1/2 year high of 7.59% in January is expected to make the RBI hold off from further cuts to interest rates for now, while keeping its monetary stance accommodative.

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