Will transform 'scam India' to 'skill India': PM Modi

April 16, 2015

Toronto, Apr 16: Contending that development is the only answer to all of India's problems, Prime Minister Narendra Modi today vowed to clean up the "mess" created by others and change the country's image from the one of "scams" to that of a "skilled" nation.

Modi said the "jan mann" (the attitude of people) had changed over the last 10 months since he took over and there was now an "atmosphere of trust" which was making things happen like the voluntary participation in Clean India campaign, rich people giving up LPG subsidy and bank accounts being opened for the poor.

Modi Canada1Addressing a gathering of Indian community where Canadian Prime Minister Stephen Harper and his wife were also present, Modi exhorted the Indian diaspora to contribute to their home country's development by sharing their expertise and experience.

"The country is facing many challenges. And there is only one medicine," he said. As the crowds shouted "Modi, Modi", the Prime Minister said it is not him but something called "'vikas' (development) is the solution to all the problems of the country.... Only development can take the country forward."

Taking an apparent dig at the previous governments, Modi said he had started a cleanliness drive in the country. "Jinko gandagi karni thi, woh gandagi kar ke chaley gaye, par hum safai karenge (Those who had to create a mess, they have done so and left. We will clean it up)," Modi said, without elaborating.

"The nation is huge and there is a lot of mess. It has been there for long. It will take time but it will be done as the attitude of people has changed," he said. "Earlier, the country was known as 'scam-India'. We want it to be known as 'skilled-India'," he said while talking about the various initiatives taken by his government.

He said the people of the country have enough potential but they only needed an opportunity.

Modi said it was with the aim of strengthening the hands of the people of India that he was asking various countries to share their expertise and technology.

He underlined that India had the youth power as 65 per cent of its population is below 35 years of age and if they decide to work for the progress of the country, nothing can stop the nation.

He said the march of development has already started over the last 10 months in a "transparent and corruption-free" environment.
In this context, the Prime Minister said while earlier two km length of road was being built per day, now 11 km is constructed in a day.

The Prime Minister cited a Bollywood song 'kitna badal gaya insaan...(how much the human has changed)' to make his point that the attitude of people has changed in India and they needed to be trusted to make things happen.

In this regard, he said after he gave a call for "swachh bharat" (clean India), common people have come forward to clean up places. He said his government is focussing on skill development as he was of the view that by 2030, the developed world would require skilled people in a large number and India will be the only place to source them.

The government is planning to do mapping of nations to assess requirement of various countries and work accordingly, Modi said. The government is also working on encouraging youth to set up their own businesses by which they cannot only have employment for themselves but also recruit some others as well, he said.

"I want to say that India has the talent...Indians make the country proud by doing wonders in the IT sector, still why Google was not born in India? It is the same talent which works abroad. I have to give opportunities to them at home," he said and mentioned the launch of Atal Innovation Mission (AIM) in this regard.

Modi also pitched for developing dignity of labour, saying it had been lacking in the country. But "today, the youth is ready to take up any kind of job. That is the reflection of change in 'jan mann' and we want to give them opportunities."

Emphasising that he wants the youth to be job creators not job seekers, he said, "80 crore youth population, 80 crore dreams, 160 crore strong hands. What can we not achieve?"

"In 10 months, not only has the government changed in India, there has been change in attitude of people," the Prime Minister said, adding that it will have a huge positive impact.

Mentioning his initiatives like the push for building of toilets and cleanliness, Modi said he focusses on things which may seem to be small for others. The shape of the nation will change through such "small things", he said.

Talking about his initiative for opening bank accounts for the poor, he said he had suggested that these could be opened even with zero balance. "But see the richness of the poor people. They still deposited Rs 14,000 crore in these accounts," he said, adding that this reflects change in "jan mann".

In this context, he said the then Prime Minister Indira Gandhi had nationalised banks for the benefit of the poor but still 40 per cent of the population remained outside the banking system. This has been addressed by opening of 'Jandhan' accounts, whose number has risen to 14 crore, "equal to three Canadas (three times population of Canada)", Modi said with Harper among the audience.

Modi also said that on the basis of his informal suggestion, 14 crore well-off people have given up subsidised LPG. The Rs 200 crore saved on this account will be transferred to provision of LPG to those who still use wood for cooking and hurt their health as well as ecology.

"This was not done by any order or law. This was not done by Modi but common people because the attitude of people is changing," he said. The Prime Minister also mentioned that the owner of a newspaper had written to him, informing that the publication will have only positive news once a week.

"Earlier, President A P J Abdul Kalam had said that newspapers should have column for positive news. I didn't even dare to say that. But there is change in attitude," he said, adding that if this continues the nation can realise its dreams.

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Agencies
February 29,2020

New Delhi, Feb 29: Former RBI governor Raghuram Rajan has said slowdown in growth is due to the current government focussing more on meeting its political and social agenda rather than paying attention to the economy.

India can still reverse its slowing economic growth by paying attention to key issues, he said. "It's a sad story, I think most recently, it is politics," Rajan said in response to a question on what was stopping India's growth which remains below potential.

In an interview to Bloomberg TV, Rajan said unfortunately the current government after a massive election win has "focussed more on fulfilling its political and social agenda rather than paying attention to the economic growth".

"Unfortunately, this drift has continued a pace of slowing growth, which was precipitated initially by some actions the government took such as the demonetisation and a poorly rolled out Goods and Services Tax (GST) reform," Rajan said.

India's GDP growth hit nearly 7-year low of 4.7 per cent in the December quarter, as per official data released on Friday.

The GDP growth for the quarter is the lowest since January-March of 2012-13.

In the interview, which was telecast before the official numbers were released, Rajan said India has not paid sufficient attention to cleaning up the financial sector and unfortunately, that is leading to the slowing growth.

"These are things that they can change if attention is paid to them and appropriate actions are taken," Rajan, Professor of Finance at University of Chicago Booth School of Business, said.

On being asked about the spread of the coronavirus globally and its impact, he said there will certainly be some legacy issues in terms of business rethinking in the global supply chain.

"If it is disrupted anywhere, the entire supply chain is held ransom and companies are going to start rethinking that should we actually have these really spread out global supply chain or to bring them back closer home and how much diversification should we have. Should we have multiple production sites across the world rather than have it focussed primarily in Asia," he said.

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News Network
January 10,2020

Mumbai, Jan 10: India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday.

India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017, but its domestic production is expected to rise only marginally, making the country more reliant on crude imports and more vulnerable to supply disruption in the Middle East, the agency said.

China’s demand growth is likely to be slightly lower than that of India by the mid-2020s, as per IEA’s China estimates given in November, but the gap would slowly become bigger thereafter.

“Indian economy is and will become even more exposed to risks of supply disruptions, geopolitical uncertainties and the volatility of oil prices,” the IEA said in a report on India’s energy policies.

Brent crude prices topped USD 70 a barrel on rising geopolitical tensions in the Middle East, putting pressure on emerging markets such as India. Like the rest of Asia, India is highly dependent on Middle East oil supplies with Iraq being its largest crude supplier.

India, which ranks No 3 in terms of global oil consumption after China and the United States, ships in over 80 per cent of its oil needs, of which 65 per cent is from the Middle East through the Strait of Hormuz, the IEA said.

The IEA, which coordinates release of strategic petroleum reserves (SPR) among developed countries in times of emergency, said it is important for India to expand its reserves.

REFINERY INVESTMENTS

India is the world’s fourth largest oil refiner and a net exporter of refined fuel, mainly gasoline and diesel.

India has drawn plans to lift its refining capacity to about 8 million bpd by 2025 from the current about 5 million bpd.

The IEA, however, forecasts India’s refining capacity to rise to 5.7 million bpd by 2024.

This would make “India a very attractive market for refinery investment,” IEA said.

Drawn to India’s higher fuel demand potential, global oil majors like Saudi Aramco, BP, Abu Dhabi National Oil Co and Total are looking at investing in India’s oil sector.

Saudi Aramco and ADNOC aim to own a 50 per cent stake in a planned 1.2-million bpd refinery in western Maharashtra state, for which land is yet to be acquired.

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coastaldigest.com news network
August 8,2020

Kozhikode, Aug 8: A tailwind or crosswind could be the reason for the Air India Express flight mishap at Kozhikode international airport in Kerala, according to some aviation experts. 

Team of DGCA and AIE already reached the spot. With the death of the captain and co-pilot in the mishap, the investigation would be focusing mainly on the voice recorders and other technical aspects.

It is learnt that the ill-fated aircraft, IX 1344 with 190 onboard including crew, was initially planning to land on runway-28 of the airport. But later the pilot opted runway-10 which is toward the other direction. Pilots would be taking the decisions on the basis of inputs from ATC.

The questions now doing the rounds are what made the pilot opt runway-10 and whether the tabletop runway lacked adequate safety parameters.

An aviation expert, who didn't want to be quoted, said that Capt Deepak Sathe, who was commandeering the aircraft, was a well-experienced pilot and was also familiar with the terrains. Hence the chances of any error from his part was very unlikely. Hence a fair in-depth probe was required to find the exact cause.

Though the Kozhikode airport has an Instrument Landing System, it was of category-I for which pilot's visibility is very crucial toward a touchdown. Since it is a tabletop airport and rough weather prevailing in the region, the chances of tailwind was also high, said sources.

There had been safety concerns about the airport over quite some time. In 2011 aviation safety consultant captain Mohan Ranganathan reportedly gave a report citing the safety issues, especially the buffer zones at the end of the runway.

However, an AAI officer said that rectification steps were already done by last year by widening the Runway End Safety Area (RESA) from 90 metre to 240 metre. However, the length of the runway had to be reduced to 2,700 metre from 2,850. The AAI was also constantly pressing for increasing the runway length to 3,150 metres. But that was getting delayed due to land acquisition issues pending with the state government.

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