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Modi reiterates commitment to transform quality of life, infrastructure and services

Newsroom24x7 Desk

Prime Minister Narendra Modi
Prime Minister Narendra Modi

New Delhi: On the first anniversary of his government, Prime Minister Narendra Modi on Tuesday said our objective is to transform quality of life, infrastructure and services. He also gave the assurance to the people that the goal is to “build the India of your dreams and that of our freedom fighters.”

In a letter to the people to mark his one year in office, the PM has said: “We assumed office at a time when confidence in the India story was waning. Un-abated corruption and indecisiveness had paralyzed the government. People had been left helpless against ever climbing inflation and economic insecurity.”

Stressing that urgent and decisive action was needed, the Prime Minister said runaway prices were immediately brought under control. The languishing economy was rejuvenated, building on stable, policy-driven proactive governance. Discretionary allotment of our precious natural resources to a chosen few was replaced with transparent auctions. Firm steps were taken against Black Money, from setting up an SIT and passing a stringent black money law, to generating international consensus against the same.

Uncompromising adherence to the principle of purity, in action as well as intent, has ensured a corruption-free government Modi has stated in his letter adding significant changes have been brought about in work culture, nurturing a combination of empathy as well as professionalism, systems as well breaking of silos. State governments have been made equal partners in the quest for national development, building the spirit of Team India. Most importantly, we have been able to restore Trust in the government, he has pointed out.

The PM has underscored the achievements of his government by stating that guided by the principle of Antyodaya, his Government is dedicated to the poor, marginalized and those left behind. He has further said in his letter: ‘We are working towards empowering them to become our soldiers in the war against poverty. Numerous measures and schemes have been initiated – from making school toilets to setting up IITs, IIMs and AIIMS; from providing a vaccination cover to our children to initiating a people-driven Swachh Bharat mission; from ensuring a minimum pension to our labourers to providing social security to the common man; from enhancing support to our farmers hit by natural calamities to defending their interests at WTO; from empowering one and all with self attestation to delivering subsidies directly to people’s banks; from universalizing the banking system to funding the unfunded small businesses; from irrigating fields to rejuvenating the Ganga River; from moving towards 24×7 power to connecting the nation through road and rail; from building homes for the homeless to setting up smart cities, and from connecting the North-East to prioritizing development of Eastern India.
In another letter to the people on economic issues, the PM said:

One year ago, you had entrusted me with the task of building a new India and putting a derailed economy back on track. We have achieved a lot. Economic growth has been revived, and is among the fastest in the world. Inflation is substantially down. Fiscal prudence has been restored. Confidence is up. Foreign investments have increased. This positive outlook is endorsed by major rating agencies and international institutions across the world.

Bold reforms pending for decades have been implemented. Diesel prices have been decontrolled. The Goods and Services Tax (GST) is slated to be introduced next year. By facilitating companies to Make in India through a focus on Ease of Doing Business, new jobs are being created. Cooking gas subsidies are being paid directly to beneficiary bank accounts under PAHAL – ensuring the right amount of subsidy, reaches the right people, at the right time. FDI limits in insurance, railways and defence production have been raised. Moreover, we have embraced the states as equal partners in national development, working as Team India in the spirit of cooperative and competitive federalism.

Political interference in public sector banking decisions is a thing of the past. Transparent coal auctions and allotments have mobilized potential revenues of Rs. 3.35 lakh crores to coal-bearing states over the lifespan of mines. And reform in the Mines Act has replaced a discretionary mechanism with a transparent auction process. To combat black money, a Special Investigation Team has been appointed and a new stringent law passed.

Nearly Rs. 1 lakh crores of public investment have been allocated in this year’s budget to improve physical as well as digital connectivity. A comprehensive transformation of the railways into a locomotive of growth has begun. Stalled highway projects are being restructured and revived. Power generation is at an all-time high. A new National Infrastructure Investment Fund has been set up with an annual government funding of Rs. 20,000 crores.

Economic growth benefits all Indians. Growth however, has meaning only if it empowers the poor, farmers, women, as well as middle and neo-middle classes of all communities. To enable us to continue paying remunerative prices to our farmers, we secured a permanent ‘peace clause’ at the WTO. The world’s largest financial inclusion project has brought banking to the doorsteps of the poor, opening a record 15 crore plus bank accounts with deposits of over Rs. 15,800 crores. An affordable social security system including pension, life insurance and accident insurance, has already witnessed 6.75 crore enrolments in its first week. MUDRA has been set up with a corpus of Rs. 20,000 crores to help our small businessmen, who despite being our biggest job creators have historically been starved of credit.

A lot has been achieved. However, this is just the beginning. There is much more to be done and I know your expectations are high. A year ago I gave you my word that while I might perhaps commit errors, I would always act with pure intentions and spend every available moment working for a better India. I have kept my word. I seek your continued support, suggestions and blessings in building the India of our dreams.

We are working not just to increase our economic growth but also quality of life of our people: Narendra Modi

Newsroom24x7 Desk

The Prime Minister, Narendra Modi addressing the India-US Business Summit, in New Delhi on January 26, 2015.
The Prime Minister, Narendra Modi addressing the India-US Business Summit, in New Delhi on January 26, 2015.

Prime Minister Narendra Modi, sharing the India-US Business Summit dais with US President Barack Obama in New Delhi on Republic Day, said for India, the journey has been impressive…”But the road ahead is still long; because, the hopes that we wrote into our Constitution still elude many.

On this occasion, President Obama talked of “natural convergence” between the US and India. He said: “I am excited that not only is the US investing in India but a lot of Indians are investing in the US.”

President Obama said he wanted trade between the two countries to be on a high trajectory. he also asserted the need for “smart regulation”. On this occasion, he announced USD 4 billion investment in India and gave the assurance that the US can work together to develop new technologies to help India.

The Prime Minister underlined his vision by stating that the hopes of the nation will be fulfilled “only when every Indian has a life of dignity; freedom from want; and, belief in the possibility of dreams.”

On this day, sixty five years ago, the people of India gave themselves the longest written constitution in the world, Mr. Modi said adding it was a constitution for a society with huge diversity and disparities; for a young nation facing many challenges and constraints. It was a pledge, rooted in the ancient wisdom of our land – of faith in co-existence, assemblies and republics. A Constitution forged from the highest ideals and inspired by a lofty vision; vision and values that define India and the United States of America.

Mr.Modi said: “We are two nations blessed because of this rich inheritance; even more because of generations of Indians and Americans, who have preserved and upheld them.”

In the past eight months, Mr. Modi said, we have worked tirelessly to fulfill the mandate – not just to increase our economic growth. It is also to transform the quality of life of our people and preserve the gifts of Mother Nature. Our task is huge; and, it won`t happen overnight.

Expressing faith and confidence in the energy of the youth, the enterprise of the businesses and the genius of farmers, the Prime Minister said, above all, we have the confidence and optimism of the nation.

Spelling out the series of bold steps taken by his government, Mr.Modi gave the following message:

  • You will find environment that is not only open, but also welcoming. We will guide you and walk with you in your projects.
  • You will find a climate that encourages investment and rewards enterprise;
  • It will nurture innovation and protect your intellectual property.
  • It will make it easy to do business; our immediate target is to bring us from the rear ranks of the world into the top fifty.
  • You will find a tax regime that is predictable and competitive. We have removed some of the excesses of the past. We will now soon address the remaining uncertainties.
  • Our goal is an economy where skills, infrastructure and resources will not be constraints to growth.
  • In the world of economics, numbers are often an unforgiving mirror to performance.
  • Our economic growth has increased by a percentage point.
  • Today, business sentiments in India are the strongest among major Asian markets. Consumer confidence in India has turned positive after three years.
  • Growth in the eight core sectors of the economy has increased sharply. Inflation is at a five-year low.
  • And, 110 million new bank accounts have opened in the last four months.
  • Investments from the United States have jumped by 50% in the first six months of my Government. And, I know that some of the pledges made in September in Washington have begun to flow in.
  • The scale of our dreams is vast; therefore, the opportunities we offer are huge.
  • We speak of a revolution in our Railways. It carries more people daily than the size of the population of three-fourths of the countries in the world.
  • Our ambition of a Clean Ganga involves 500 million people, hundreds of towns and thousands of villages.
  • Our plans of urban waste treatment must deal with more than 500 cities with a population of over 100,000.
  • Our vision of a connected rural India extends to over 600,000 villages.
  • And, a roof over the heads of every Indian in the next seven years needs at least five million new dwellings every year.
  • It is not just policy and strategies that will take us there.
  • Everything we wish to do involve enterprise and investments, but even more – innovation and imagination.
  • Much of our journey to development is still ahead of us. And, we will pursue a more sustainable path to prosperity.
  • We make this choice with the natural instinct of our culture and tradition. But, we also do this with a commitment to our future.
  • We are more likely to succeed if we offer affordable solutions, not simply impose choices. This requires access to more resources and better technology.
  • That is why I have called for global public action to develop clean energy. In this, we should take a lesson from past efforts to tackle hunger and many diseases.
  • India`s progress is the destiny of 1.25 billion people.
  • But, the success of one-sixth of humanity will also be a great outcome for this world.
  • It will be a world with much less poverty and want; infants with a much better chance to survive; daughters with a life of opportunity; and, a huge global resource in 800 million empowered and skilled youth.
  • India will be an important anchor of stability for the global economy; and an engine for its growth.
  • Above all, a prosperous India will be a force of peace and stability in the world.
  • We have seen that prosperity is no guarantee for peace. I repeat prosperity is no guarantee for peace. But, India sees the world as one family; and we wish to shape it in the values that define our nation.
  • Our inter-dependent world needs strong international partnerships more than ever before.
  • And, few partnerships are so rich in promise and so capable of shaping our world as ours.
  • We only have to see the history of our cooperation. We have worked together to usher in the Green Revolution in India. We have collaborated in Space. We have partnered in setting up IITs and IIMs. And, we have helped shape the digital age.
  • Our engineers, scientists and doctors are developing affordable medical devices for rural areas; and, new vaccines for children.
  • Over 90 institutions from our two countries are collaborating on biofuels; solar energy; and, energy efficiency.
  • U.S. companies are transferring advanced skills and technologies to India. And, Indians are powering U.S. businesses.
  • Indian IT companies are creating skilled jobs in the United States; and, helping U.S. companies stay ahead. They have also helped U.S. military veterans rebuild their lives.
  • We have more than 100,000 Indian students in the United States and thousands of American students visiting India. They are sowing the partnerships of tomorrow. And, the success of 3.0 million Indian Americans points to our potential.
  • Our businesses work together in the familiar environment of democracy; and, in the comfort of our friendship and goodwill.
  • We are now forging ahead in new areas like civil nuclear energy, renewable energy and defence equipment.
  • Economic resurgence in both countries gives us greater optimism about the future of our ties.
  • As the two largest democracies, we have a fundamental stake in each other`s success – for the sake of our values and our shared interests.
  • Working by ourselves, we can still advance our common interests. But, if we work together, we can achieve greater success.
  • Our partnership will be vital for prosperity at home and our economic leadership abroad. It will help address global challenges of our times.
  • For too long, India and the United States have looked at each other across Europe and the Atlantic. When I look towards the East, I see the western shores of the United States.
  • That tells us that we belong to the same vast region. It is a region of great dynamism, but also many unsettled questions.
  • Its future will be vital for our two countries and the destiny of this world.
  • And, our relationship will be indispensable in shaping its course.
  • In the strength of our partnership, I see a greater chance for a world united in shared pursuits and common purposes.
  • Quite simply, the joined hands of India and the United States will make this world a better place for all.
  • This morning, America joined us in friendship to celebrate our shared values.
  • This evening, we have come together in a shared commitment to our future.
  • With your leadership, Mr. President, and with the support of our gifted people, we will turn our commitments into concrete action.
  • Thank you for being with us today, Mr. President; thank you to you all for coming from the United States and all over India.