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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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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News Network
June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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News Network
July 3,2020

New Delhi, Jul 3: In a significant step, ICMR has partnered with Bharat Biotech International Limited (BBIL) to fast-track clinical trials of the indigenous COVID-19 vaccine (BBV152 COVID Vaccine). It is the first indigenous vaccine being developed by India and is one of the top priority projects which is being monitored at the topmost level of the Government, says ICMR in a statement.

The vaccine is derived from a strain of SARS-CoV-z isolated by ICMR-National Institute of Virology, Pune. ICMR and BBIL are jointly working for the preclinical as well as clinical development of this vaccine.

In a letter to the institutes that will be involved in the trails of the vaccine, ICMR has said

"It is envisaged to launch the vaccine for public health use latest by 15th August 2020 after completion of all clinical trials. BBIL is working expeditiously to meet the target. However, final outcome will depend on the cooperation of all clinical trial sites involved in this project. you have been chosen as a clinical trial site of the BBV152 COVID vaccine. ln view of the public health emergency due to COVID-19 pandemic and urgency to launch the vaccine, you are strictly advised to fast track all approvals related to initiation of the clinical trial and ensure that the subject enrollment is initiated no later than 7th July 2020."

The ICMR also asked the institutes to comply with the order, "Kindly note that non-compliance will be viewed very seriously. Therefore, you are advised to treat this project on the highest priority and meet the given timelines without any lapse."

The ICMR has selected 12 institutes, including one from Odisha, for the clinical trial of the country's first indigenous COVID-19 vaccine.

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