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
April 12,2020

Hyderabad, Apr 12: Indicating that prolonged lockdown to contain coronavirus spread may lead to job cuts in the Indian IT industry, NASSCOM former president R Chandrashekhar has said that the work-from-home culture may become a positive development in the long run as it opens up newer avenues and save investments by IT firms.

The former bureaucrat also said startups which are surviving on funds infused by venture capitalists may face tougher situations if the present scenario deteriorates.

"The larger companies may not be actually cutting jobs for two reasons. One is that they do not want to lose their employees and they have money to pay. Many of them ( big companies), even if they do shed some jobs it might be at the most people who are on temporary or intern type and all. But they would not want regular and permanent employees to go. So as long as they have sufficient flexibility in their books, they would continue," said NASSCOM former president.

"But beyond a point that it goes on, for let us say, two months or three months, then even for them, they will feel the pressure. They may not just keep on providing subsidies to the employees. So the key question will be how long that goes on," Chandrasekhar said.

He also said the work-from-home systems being adopted by several firms across the globe, including India, may have a negative impact on the industry in the short-term, but in the long run it would change the work culture which hitherto was not experienced by many of the IT firms in India.

 On impact of the prolonged lockdown on startups, he said it would be a big challenge for the budding enterprises as the investments they get are based on their ideas and future revenues and the present situation under which peoples movement is curbed may shackle their progress.

 "Where will they (startups) get money to pay salaries to their employees. Venture capital investors would not pay the money or invest their money to pay salaries because they are not in the charity business."

If the employees are not paid and if they leave and it is difficult for the startup againto come up. So the whole investment plan goes for a toss, he said.

Former chairman of NASSCOM, B V R Mohan Reddy said a clear picture as to what is going to happen has not yet emerged as the situation with all respects is still evolving. Reddy said there will be a demand shrinkage for the IT industry as the entire world is under stress. "There is no economy in this world that is going to do well in this situation.

So, therefore, there will be a demand shrinkage, he said, indicating tougher times of the industry ahead.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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News Network
January 10,2020

New Delhi, Jan 10: An IPS officer's thumb was bitten by a woman protester when he was pushing back agitators, who were trying to march towards the Rashtrapati Bhawan here on Thursday, police sources said.

The protesters had gathered after a call was given by JNU Students' Union president Aishe Ghosh to march towards President's House to demand the removal of University's Vice Chancellor, M Jagadesh Kumar.

Ingit Pratap Singh, a 2011 batch officer, who is currently posted as the additional deputy commissioner of the southwest district, was injured in the attack.

According to sources, Singh was trying to pull a male protester when the woman, in a bid to shield her friend, bit Singh's left thumb.

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