Menu

modi

modi

Development Goals Can Be Achieved By Focusing On Investment And Human Capital: PM

, ,

Prime Minister Narendra Modi said, “These are uncertain times, still most of the nations are convinced about the fundamentals of the Indian economy.”

The goals of development can be achieved only by focusing on investment and human capital, said Prime Minister Narendra Modi on Wednesday 

While addressing the inaugural function of Invest Karnataka 2022, the Global Investors Meet of the state, he said that the brand Bengaluru comes foremost to mind when it comes to talent or technology. 

PM Modi said, “Through this meet, states can target specific sectors and forge a partnership with other countries,” he added and expressed happiness that thousands of crores of partnerships are planned at this meet which will result in boosting employment for the youth of the nation.

The Prime Minister said that in the 21st century, from its current position, India has only to move forward. India received a record foreign investment of 84 billion dollars last year. 

Referring to the sense of global optimism towards India, he said, “These are uncertain times, still most of the nations are convinced about the fundamentals of the Indian economy.” 

In this period of fragmentation, India is moving with the world and giving emphasis on working with the world. India could assure the world about the supply of medicines and vaccines in the period of the disrupted supply chain, he said. 

Despite a climate of market saturation, our domestic markets are strong due to the aspirations of our citizens. 

The Prime Minister highlighted that even in times of a global crisis, experts, analysts and economists have hailed India as a bright spot.

“We are continuously working towards cementing our fundamentals to further strengthen India’s economy with each passing day,” Modi said. 

The Prime Minister stressed the need to understand the trajectory of the Indian economy. 

He explained the change of approach from 9-10 years ago when the country was grappling with policy and implementation-related issues. 

He underlined that “instead of trapping the investors in the red tape, we created an environment of the red carpet for investment, and instead of making new complicated laws, we rationalised them.”

modi

PM To Inaugurate National Conference Of Environment Ministers

, ,

The two day Conference being organised on 23rd and 24th September will have six thematic sessions

Prime Minister Shri Narendra Modi will inaugurate the National Conference of Environment Ministers in Ekta Nagar, Gujarat on 23rd September, 2022 at 10:30 AM via video conferencing. He will also address the gathering on the occasion.

Taking forward the spirit of cooperative federalism, conference is being convened to create further synergy amongst the Central and State Governments in formulating better policies on issues such as Elimination of Plastic Pollution through multi-pronged approach, State Action Plans to effectively combat Climate Change with focus on LiFE- Lifestyle for Environment. It will also focus on increasing the forest cover with special emphasis on restoration of degraded land and wildlife conservation.

The two day Conference being organised on 23rd and 24th September will have six thematic sessions with topics focusing on LiFE, Combating Climate Change (Updating State Action Plans on Climate Change for Mitigation of Emissions and Adaptation to Climate Impacts) ; PARIVESH (Single Window System for Integrated Green Clearances) ; Forestry Management ; Prevention and Control of Pollution; Wildlife Management ; Plastics and Waste Management.

modi 2

Women Are Real Leaders Of India’s Dairy Sector: PM Modi

, ,

He also said that the dairy cooperative in India is unique in the whole world and can be a good business model for poor countries

Prime Minister Narendra Modi on Monday said that India is building the largest database of dairy animals and every animal associated with the dairy sector is being tagged. 

While inaugurating the international dairy federation world dairy summit 2022 in Greater Noida, he said that India’s dairy sector is characterised by ‘production by masses’ more than ‘mass production. 

He also said that the dairy cooperative in India is unique in the whole world and can be a good business model for poor countries. 

“More than 70 per cent of the money that is received from the customers goes directly to the farmer,” said the prime minister. 

The PM highlighted the power of women in the dairy sector and pointed out that women have a 70 per cent representation in the workforce in India’s dairy sector. 

“Women are the real leaders of India’s dairy sector. Not only this, more than a third of the members of dairy cooperatives in India are women,” he said. 

He said at more than Rs 8.5 lakh crore, the dairy sector is more than the combined value of wheat and rice. This is all driven by the women’s power in India 

 He also said that India produced 146 million tonne of milk in 2014. It has now increased to 210 million tonnes. That is an increase of about 44 per cent. 

Indian milk production is increasing at a 6 per cent annual rate against 2 per cent global growth, according to the PM

Amid the ongoing lumpy skin disease in cattle threatening the local economy, Modi said that Indian scientists have also prepared an indigenous vaccine for the disease

“We have resolved that by 2025, we will vaccinate 100 per cent of the animals against foot and mouth disease and Brucellosis,” he said. 

modi 2

Modern Infrastructure To Make India A Developed Nation: PM

, , ,

The Prime Minister said that Indians have taken a colossal resolution to build a developed India in the coming 25 years

Modern infrastructure has a big role in this roadmap of developed India, said Prime Minister Narendra Modi on Friday while laying the foundation stone of various projects of Kochi Metro and Indian Railways worth over Rs 4500 crore in Kochi. 

The Prime Minister said that Indians have taken a colossal resolution to build a developed India in the coming 25 years. He recalled that in 2017, he had the honour of inaugurating the Kochi Metro. Today, the Phase I extension of the Kochi Metro is being inaugurated and the foundation stone for the second phase of the Kochi Metro is also being laid. 

The Prime Minister said, “The second phase of the Kochi Metro is going to be a boon for the youth and professionals. “Impetus-led development is taking place in the entire country when it comes to transport and urban development.” Remarking on the implementation of The Unified Metropolitan Transport Authority in Kochi, PM Modi said that this authority will work to integrate all the modes of transport, such as metro, bus, waterway etc. 

With this model of multimodal connectivity, the city of Kochi will have three direct benefits. This will reduce the travel time of the people of the city, reduce the traffic on the roads and reduce the pollution in the city, PM Modi said. “To protect the environment, India has taken the colossal pledge of net zero, it will also help in that. This will reduce the carbon footprint,” he added.

modi 2

PM Inaugrates Projects Worth 4000 Cr In Bhuj

, , ,

“You can see that amidst death and disaster, we made some resolutions in 2001 and we realized them today. Similarly, what we resolve today, we will surely realise in 2047,” PM Modi said

Prime Minister Narendra Modi on Sunday inaugurated and laid the foundation stone of projects worth around Rs 4,400 crore in Bhuj. The Prime Minister also inaugurated the Kachchh Branch Canal of the Sardar Sarovar Project. The total length of the Canal is around 357 KM, according to the PMO.  PM Modi also inaugurated the Smriti Van Memorial to celebrate the spirit of resilience shown by the people after the death of around 13,000 people who had lost their lives during the 2001 earthquake which had its epicentre in Bhuj. 

“You can see that amidst death and disaster, we made some resolutions in 2001 and we realized them today. Similarly, what we resolve today, we will surely realise in 2047,” PM Modi said.  He said that there were many who said that Kutch will never be able to stand on its feet. But today, the people of Kutch have completely changed the scenario.  The development of Kutch is a perfect example of a meaningful change with ‘Sabka Prayas’, he said. 

20220712_162641

Sandeep Kumar Gupta To Be Next Chairman Of GAIL, Succeeds Manoj Jain

, , , , , ,

GAIL is India’s largest gas transmission and gas marketing company, with a 14,502-kilometre gas pipeline network and a capacity of 206 million standard cubic meters a day. Its natural gas pipeline network covers 21 states

Sandeep Kumar Gupta, Director for Finance at Indian Oil Corporation, has been picked to head India’s largest gas utility GAIL (India) Ltd, the government headhunter said. The Public Enterprises Selection Board (PESB) selected Gupta, 56, for the post of chairman and managing director of GAIL after interviewing 10 candidates, it said in a post-interview notice. He will replace Manoj Jain, who is scheduled to retire on  31 August.

The PESB recommendation will be vetted by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi, after the go-ahead of anti-corruption bodies such as the CVC and CBI. A commerce graduate and Chartered Accountant by education, Gupta has more than 31 years of working experience at Indian Oil Corporation (IOC), the nation’s largest oil refining and fuel marketing company. He has been Director (Finance) of IOC since  3, August  2019.

With an experience of handling almost the entire gamut of finance and accounts activities, his tenure as Director (Finance) witnessed two extreme volatile global oil price cycles and deregulation of petrol and diesel prices in India. At IOC, his responsibilities also included financial planning and analysis, corporate finance and treasury, international trade and pricing. He is also on the board of IOC Middle East FZE, Dubai and Indian Oil Petronas Pvt Ltd. If approved by ACC, Gupta will have a term till February 2026. 

GAIL is India’s largest gas transmission and gas marketing company, with a 14,502-kilometre gas pipeline network and a capacity of 206 million standard cubic meters a day. Its natural gas pipeline network covers 21 states. It holds around 70 per cent share of the gas-transmission network and more than 50 per cent share of natural gas sales in India. PESB said it interviewed GAIL Directors Rakesh Kumar Jain and Deepak Gupta, as well as four other executive directors of the company on  28 June.  Manoj Kumar Dubey, Director (Finance), Container Corporation of India Ltd (Concor) and Airports Authority of India (AAI) executive director Suneel Dutt were others interviewed.

(PTI)

green energy

India Needs $223 Bn To Meet 2030 Renewable Capacity Goals: Report

, , ,

The government has set a target of increasing non-fossil power capacity to 500 GW by 2030. It wants non-fossil fuel power sources to provide half of its electricity supply by 2030

India will need USD 223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report by research company BloombergNEF (BNEF).

The government has set a target of increasing non-fossil power capacity to 500 GW by 2030. It wants non-fossil fuel power sources to provide half of its electricity supply by 2030.

“To achieve this target, India needs to massively scale up funding for renewables,” the report said, adding that USD 223 billion is required over the next eight years just to meet the solar and wind capacity targets.

At COP26 in November 2021, Prime Minister Narendra Modi announced that India plans to reduce emission intensity by more than 45 per cent by 2030 to below 2005 levels. He also announced a net-zero by 2070 target.

The report ‘Financing India’s 2030 Renewables Ambition’, published in association with the Power Foundation of India, found that corporate commitments from Indian companies could help India achieve 86 per cent of its 2030 goals of building 500GW of cumulative non-fossil power generation capacity, a statement issued by BNEF said.

By 2021, 165 GW of zero-carbon generation had already been installed in the country.

Central Electricity Authority forecasts that the country’s reliance on coal to drop from 53 per cent of installed capacity in 2021 to 33 per cent in 2030, whereas solar and wind together make up 51 per cent by then, up from 23 per cent in 2021.

Shantanu Jaiswal, lead author of the report and head of India research at BloombergNEF, said: “To date, the growth of renewable energy in India has been funded by a diverse set of financiers. Debt and equity structures have evolved as the market grew and new risks emerged. India’s ambitious renewable energy targets now require further scaling up of financing with new instruments and learnings from other global markets”.

Yet, the scaling up of renewables in India faces regulatory, project and financing risks, with PPA renegotiation, land acquisition and payment delays cited as key risks by industry stakeholders surveyed by BloombergNEF.

In the short-term, rising interest rates, a depreciating rupee and high inflation create challenges for the financing of renewables.

“Scaling up financing to meet 2030 goals requires Independent Power Producers to tap into new or underutilised sources of capital. These could be revolving construction debt, investment infrastructure trusts and funding from retail investors, insurance companies and pension funds.

“Higher funding requirements also need measures that can increase the availability of financing, such as de-risking renewable projects to offering contractual terms that provide greater comfort to investors,” Rohit Gadre, an analyst in BNEF’s India research team, commented.

PTI

modi 2

Sri Lankan Economic Crisis: Finance Minister Basil Rajapaksa Calls On PM Modi

, , ,

Finance Minister Rajapaksa noted the deepening of people-to-people relations between both countries, including in the cultural sphere, according to the PMO

Amid the intensifying economic crisis in the entire country, Finance Minister of Sri Lanka, Basil Rajapaksa, who is on an official visit to New Delhi, called on Prime Minister Narendra Modi on Wednesday.  

According to the Prime Minister’s Office (PMO), Rajapaksa briefed Modi on initiatives being taken by both countries to increase bilateral economic cooperation and conveyed his thanks for the support extended by India for the Sri Lankan economy.

PM Modi also spoke about the central role that Sri Lanka occupies in India’s ‘Neighbourhood First’ policy and its S.A.G.A.R (Security and Growth for all in the Region) doctrine. He reiterated that India would continue to stand with the friendly people of Sri Lanka. 

Finance Minister Rajapaksa noted the deepening of people-to-people relations between both countries, including in the cultural sphere, according to the PMO. 

Meanwhile, Modi pointed to the potential for increasing tourist flows, including through the joint promotion of Buddhist and Ramayan tourism circuits.  

modi 2

Technology Will Empower People, Make India Aatmnirbhar: Modi

, , , , ,

The Prime Minister emphasised that in the field of economy, the vision is linked with areas like digital economy and fintech

Union budget 2022 lay down a clear roadmap for 5G spectrum auction and Production Linked Incentive (PLI) scheme have been proposed for design-led manufacturing related with a strong 5G ecosystem, said Prime Minister Narendra Modi on Wednesday while addressing a post-budget webinar. 

“This is a collaborative effort to ensure how, in the light of budget, can we implement the provisions quickly, seamlessly and with the optimum outcome,” he said while explaining the rationale of these webinars.

The Prime Minister emphasised that in the field of economy, the vision is linked with areas like digital economy and fintech. Similarly, advanced technology has a huge role in infrastructure and public service delivery related to vision. 

“Technology for us is a medium to empower the people of the country. For us, technology is the mainstay of making the country self-reliant. The same vision is reflected in this year’s budget as well,” Modi said. 

Modi highlighted the budget’s emphasis on sunrise sectors like Artificial Intelligence, Geo-spatial Systems, Drones, Semiconductors, Space technology, Genomics, Pharmaceuticals and Clean Technologies to 5G. 

The Prime Minister said, “We are familiar with the principles of science, but we have to emphasize on how to make maximum use of technology for the Ease of Living.”

The Prime Minister also spoke about the 2 lakh crore rupees worth PLI schemes in 14 key sectors, in order to promote manufacturing in the country. The Prime Minister gave a clear direction to the stakeholders to provide practical suggestions in the areas like use of optical fibres in the citizen services, e-waste management, circular economy and electric mobility.  

modi 2

Budget Can Bring Great Transformations: Modi

, , ,

“Innovation is ensuring inclusion in our country. Now going even further, the country is moving towards integration,” he said. 

“Empowering our youth who are future nation builders, is empowering India’s future, said Prime Minister Narendra Modi on Monday while addressing a webinar on the positive impact of Union Budget 2022 on the education and skill sectors. 

The Prime Minister mentioned that it was digital connectivity that kept the country’s education system going during the pandemic. “Innovation is ensuring inclusion in our country. Now going even further, the country is moving towards integration,” he said. 

The Prime Minister said, “Dynamic skilling is critical from the point of view of global talent demand for Atma Nirbhar Bharat.” 

Modi added that the budget is not just an account of statistics, the budget, if implemented properly, can bring great transformation even with limited resources. 

He highlighted the need to prepare the ‘demographic dividend’ of the country as per the demands of the changing job roles. A digital ecosystem for skilling and Livelihood and e-Skilling labs were announced in the budget with this vision in mind.

The Prime Minister also explained how recent changes in the budgetary process are turning the budget as a tool of transformation. 

Modi asked the stakeholders to implement the budget provisions seamlessly on the ground. The stakeholders to ensure optimum outcome from the budget provisions. 

Concerned Union Ministers, key stakeholders from education, skill development, science, technology and research were present on the occasion. The webinar was part of the new practice of discussion and dialogue with the stakeholders before and after the budget

Load More