This year's Vijaya Dashami 'very special': PM

October 9, 2016

New Delhi, Oct 9: Prime Minister Narendra Modi today said this year's Vijaya Dashami is "very special" for the country, an apparent reference to the Army's surgical strikes on terror launch pads across LOC, even as he stressed that a "very capable" armed forces is a must for a strong nation.modi 7593

"We will celebrate Vijaya Dashami in the coming days. This year's Vijaya Dashami is very special for the country," he said, evoking a thunderous applause from the audience at a function at Vigyan Bhavan here.

His remarks came in the backdrop of Indian Army's surgical strikes in POK. He also gave his best wishes to the people on the occasion of the festival that marks victory of good over evil.

The Prime Minister released a compendium of 15 books on the life and teachings of former Jana Sangh chief Deendayal Upadhyay whose birth centenary year is being celebrated by BJP.

Modi said Upadhyay's biggest contribution was the concept of organisation-based political party and not a political outfit run by a handful of individuals.

Quoting Upadhyay, the Prime Minister stressed on the need for an exceptionally strong military as a prerequisite for a strong nation and said the country must be a capable one which is a present-day requirement.

"He (Upadhyay) used to say that the country's armed forces should be very very capable, then only the nation can be strong," Modi said.

"In this time of competitiveness, the need is that the nation should be capable and strong," he said.

In a veiled reference to Pakistan, Modi said, "Being strong does not mean being against anyone. If we exercise for our strength, then the neighbour need not worry (thinking) that it is to target him. I am exercising to strengthen myself and for my health."

Referring to Upadhyay, he said even Ram Manohar Lohia spoke about the Jana Sangh leader's efforts that led to the evolution of an alternative to Congress in 1967.

The Prime Minister said as a tribute to Upadhyay, who talked of integral humanism, his government was making the poorest of the poor the focus of schemes evolved by it.

"The biggest contribution of Deendayalji is organisation- based political parties and not just a party run by a handful of individuals. This was the identity of Jana Sangh and BJP," he said.

"In a short span of time, one party completed the journey from 'vipaksh' to 'vikalp' and this was due to foundations laid by Deendayalji," he said, adding that simplicity was the hallmark of the former Jana Sangh leader.

Lauding the ideology of Upadhyay, Modi said he gave impetus to 'karyakarta nirman' (building party workers) and the workers inspired by him were party centric and the party nation centric.

He said at the core of Upadhyay's thoughts were the poor, the villages, the farmers, the Dalits and the marginalised and that is why this government is laying focus on such sections during the centenary year celebration.

"The poor is the central point of Panditji's entire thinking. He used to say that the poor should be the central point of every thing. That is why in this journey towards development, our government is focussing on the poor and to help empower it.

"This government is celebrating Panditji's centenary as 'gareeb kalyan varsh'. Because of that government decisions focus on the poor and poor-centric schemes and policies are evolved. I am confident that there will be no shortcoming in this journey," he said.

BJP President Amit Shah and RSS' second-in-command Suresh Bhayyaji Joshi spoke on the need for strengthening India's security with Joshi saying that India's pursuit for national security was inspired by the need to defend itself rather than to defeat others.

Shah, at the function to release "The Complete Works of Deendayal Upadhyaya", said the former Jana Sangh chief's philosophy is an ideal for those in public life and warnings given by him many years ago are staring at the world today.

"The concept of maintaining a balance between development and nature that he put forth, is before us today in the form of global warming and air and water pollution. If the world would have moved forward on the path of integral humanism, then probably the world would not have faced the present-day problems," he said.

"Earlier it was considered that there is a contradiction between a welfare state and development. This BJP government has proved that despite being poor the country can be empowered.

"This government has made this country secure. Without diverting from the path of peace, the BJP government has ensured the country's safety and security," he said.

Shah lauded Upadhyay as a successful politician who laid the foundation for an alternative to Congress when no option against it was available. He also highlighted his example of evolving alternative politics on basis of ideals, organisation and nationalism.

"He was the first to talk of cultural nationalism and that was his contribution to the country's polity. He had sown the seed of organisation-based political party's thought and BJP has today emerged as a big party and it was imperative upon all workers to follow the path shown by him," he said.

Earlier, RSS leader Bhaiyyaji Joshi said the thoughts of Upadhyay given many years ago are now recognised by the world. He said the late Jana Sangh leader accepted everything that went in the welfare of humanity and had said that if humans are happy the society will be happier.

"India should be safe and secure. It's borders are posing a challenge and everyone has seen that this issue can be resolved too," he said.

"India has a lot to give to the world and that is being recognised now. India's strength is never destructive, but constructive. India's strength has never been used to spread boundaries and be expansionist. We go to win over the world but not defeat anyone...There is need that India should be a country that should lead the world," he also said.

The compendium highlights key events in the life of Upadhyay and the journey of the Jana Sangh and of the country, including watershed events like the 1965 Indo- Pakistan war, the Tashkent Agreement and Goa's liberation.

The collection collated from varied sources contains writings, speeches, intellectual discourses and dialogues of Upadhyay, who pioneered the philosophy of integral humanism.

The volumes are dedicated to 15 personalities including Syama Prasad Mookerjee. The penultimate volume relates to the events leading upto the murder of Upadhyay soon after he became Jana Sangh chief in 1967.

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News Network
July 3,2020

New Delhi, Jul 3: India reported the highest ever single-day spike of 20,903 COVID-19 cases in 24 hours on Friday, said the Union Ministry of Health and Family Welfare.

With these new cases, India's coronavirus tally has risen to 6,25,544 cases of which 2,27,439 patients are active cases while 3,79,892 patients have been cured/discharged/migrated.

379 more deaths due to COVID-19 were reported in the country in the last 24 hours, taking the number of deaths due to the infection to 18,213.

As per the Health Ministry, Maharashtra -- the worst-affected state from the virus -- has a total of 1,86,626 cases including 8,178 fatalities while Tamil Nadu has 98,392 coronavirus cases in the state inclusive of 1,321 fatalities.

Delhi has reported 92,175 cases so far inclusive of 2,864 patients succumbing to the virus.

The Indian Council of Medical Research on Friday said that the total number of samples tested till July 2 is 92,97,749 of which 2,41,576 samples were tested on Thursday.

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News Network
May 25,2020

New Delhi, May 25: Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic.

The association, which has around 15,000 developer members, has sought one-time debt restructuring, lower interest rate on home loans and tax sops to boost liquidity and demand in the sector.

In an open letter to the prime minister, the Confederation of Real Estate Developers' Associations of India (CREDAI) said, "In this distressful situation arising out of the COVID-19 calamity, we in the real estate sector seek immediate relief for our survival."

Stating that the sector contributes substantially to the country's GDP and has backward and forward linkages with almost 250 industries, CREDAI said, "Our survival, therefore, is not just desirable, it is rather crucial for the economy."

Liquidity crunch, stagnant demand and cartelization of raw materials are major impediments for the industry to kickstart, it added.

CREDAI made seven recommendations to revive the sector and sought immediate intervention from the prime minister.

Pointing out that the situation is "much worse" than global financial crisis in 2008, CREDAI said "a one-time restructuring scheme as was permitted by RBI in 2008 may be quickly instituted by all lending institutions."

Since real estate was already reeling under a cyclical downturn before COVID-19, debt restructuring needs to be allowed for all accounts which were standard as on December 31, 2019, it added.

CREDAI demanded that all banks, non-banking financial companies (NBFCs) and housing finance companies (HFCs) should be directed to provide additional credit equal to 20 per cent of the existing real estate project related advances with no additional security and without the classification of project as NPA.

The penal interest charged by banks and financial institutions should be suspended for a period of one year or until such time as it takes for the pandemic to abate.

To revive housing demand, CREDAI suggested that "government should reduce the maximum rate of interest on new home loans to 5 per cent by subsidizing the interest component of EMIs for next five years."

The limit of principal deduction on housing loan under Section 80C should be increased to 2.5 lakh.

Interest deduction under Section 24 on housing loan for homebuyers may be increased to Rs 10 lakh, it said.

There should be no capital gains for residential properties held for a period longer than one year.

CREDAI also demanded that the subvention scheme be allowed again by National Housing Bank (NHB) and the Reserve Bank.

Under the scheme, builders used to pay EMIs on behalf of homebuyers during construction of projects.

"The economic uncertainty and job insecurity at the moment would not allow purchase of residential property at this time. A scheme whereby a homebuyer would need to pay only margin money with no EMI for 24 months will address this insecurity," the letter said.

The association pointed out that prices of cement and steel have been increased during the lockdown period, and asked for crackdown on cartelisation by manufacturers.

On the GST front, CREDAI said that the current regime of GST provides a rate of 1 per cent  for affordable housing.

"The limit of Rs 45 lakh serves as a criterion of affordability for the purpose of GST. On all other housing, GST is applied at the rate of 5 per cent without input tax credit. It has been felt that the criterion of Rs 45 lakh is too low an index of affordability anywhere across the country, and especially so in the metros," the letter said.

It will serve as an inducement to buyers in the metros if the benefit of GST at the rate of 1 per cent is extended to units costing up to Rs 75 lakh, the association said.

CREDAI pointed out that the flat rate of 5 per cent GST for under construction residential housing is causing cost build up and is acting as a deterrent for sale of under construction projects since there is no GST on completed units.

It suggested that GST rate of 1 per cent and 5 per cent, without input tax credit, should continue.

"However, an option of GST @12 per cent for normal housing/ 8 per cent for affordable housing (with 1/3rd deduction for land i.e. effective GST rate of 8 per cent for normal housing and effective GST rate of 5 per cent for affordable housing) with input tax credit (ITC) benefits in line with the scheme applicable for the works contracts for government may be revived and made applicable to the real estate," the letter said.

Lastly, CREDAI demanded that a Rs 25,000 crore stress fund for completing stalled housing projects should be deployed at the earliest.

"We shall be grateful for your much-needed intervention for the above mentioned measures required to revive the real estate sector," CREDAI said in the letter to the PM.

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News Network
February 11,2020

New Delhi, Feb 11: The government has decided to rename National Institute of Financial Management (NIFM), Faridabad, as Arun Jaitley National Institute of Financial Management, an official statement said on Tuesday.

Set up in 1993 as a registered society under the Department of Expenditure, NIFM trains officers of Finance and Accounts Services recruited by the Union Public Service Commission (UPSC) as also officers of Indian Cost Accounts Service. The Union Finance Minister is the President of the NIFM Society.

"Aligning the vision and aspiration of the Institute for the future with the vision and contribution of late Arun Jaitley, the Government has decided to rename National Institute of Financial Management (NIFM) as the Arun Jaitley National Institute of Financial Management(AJNIFM)," the statement said.

NIFM has become a premier resource centre to meet the training needs of the central government for senior and middle level of management in the fields of public policy, financial management, public procurement and other governance issues for promoting highest standards of professional competence and practice.

Padma Vibhushan awardee Jaitley was the Union Minister for Finance and Corporate Affairs during May 26, 2014 to May 30, 2019.

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