New policies and incentives will soon be announced which will lead to further growth in foreign direct investment (FDI) into Abu Dhabi, a top government official said on Tuesday. In his opening remarks at the 12th edition of Cityscape Abu Dhabi, an official from the Department of Economic Development said the present
Why is Narendra Modi followed blindly in India even though it has been 1 year and we haven’t noticed any improvement except his foreign tours?
Why He is followed blindly, This question contains an incorrect premise, and if you feel that Narendra Modi hasn’t done a lot, it could possibly be due to the lack of attention that his works have received..
Yes it has been one year,and many steps have already been taken by Modi govt.(other than the foreign tours) to ensure betterment of common as well as poor, that most of the common people like you don’t know, whatever be the reason biased media,self bias or lack of interest.
Listing some of the Achievements of Modi Govt. :
- Amendment to insurance bill comes with following benefits
- MORE POWER FOR IRDA The passage of the Bill will empower the Insurance Regulatory & Development Authority to draw up regulations aimed at the betterment of the industry, similar to what the Securities & Exchange Board of India does for capital markets, doing away with the need for it to approach Parliament for even minor changes.
- HIKE IN FDI The FDI in insurance sector have been increased from26% to 49%
- SBI Chairman Arundhati Bhattacharya said, “With financial inclusion proceedings in full force, the timing of increase in limit for FDI in the insurance sector is a blessing in disguise. In our estimate, the FDI limit hike in insurance could result in immediate inflow of around Rs 20,000 crore.
Chanda Kochhar, managing director & CEO of ICICI Bank, said: “The passage of the insurance Bill is a welcome and long-awaited development. It signals the commitment of the government to implementing reform and attracting global capital to support India’s growth.”
2. Agricultural Produce Market Committee Act(APMC):
- Farmers no longer have to sell fruits and vegetables in their local agricultural produce marketing committees (APMCs).
- APMC act run on two principles:
- Ensure that intermediaries (and money lenders) do not compel farmers to sell their produce at the farm gate extremely low price so that farmers are not exploited.
- All food produce should first be brought to the market yard and then be sold through auction.
3. Increase in FDI(Except Retail and agriculture ):
- Limits on foreign direct investment (FDI) in Railways, Defence and Real estate have been increased,so that rapid transformation of these sectors can be done.
4. Real State Bill:
5. The goods and services (GST) tax:
- This is perhaps the single most important reform on the table. The GST will simplify the indirect tax structure as well as create a truly national market for all goods and services. New Delhi will need to close a federal deal with the states before the end of the current fiscal year if it has to move to a new indirect tax regime by April 2016.
6. Land and labour reforms:
- The Modi government has already begun to chip away at some of the more bizarre parts of labour laws, to remove the most restrictive provisions of the 2013 land acquisitions law. What is being proposed now is not radical, but should be seen as a small step in the right direction.
7. Tourism, Culture- E-visas, Lalit Kala Akademi Administrator :
- In tourism, to make India safer for foreign visitors especially women), liberalize visa, add new circuits, add heritage sites under better conservation plan.India’s ranking in WEF Travel & Tourism Competitiveness Index jumped to 52 in 2015 from 65 in 2013, though it may not have been the result of just one year’s work. E-tourist visas or visas on arrival to 77 countries including China.
- Religious and spiritual circuits worked out or being firmed up. Incredible India helpline for culture, process started for filling up vacancies and making regular appointments at institutions such as National Archives. Twenty five ASI-protected heritage sites launched as “Adarsh Smarak” with improved visitor amenities. Museum reforms with digitisation of collections, “Project Mausam” for cooperation with Indian Ocean nations and revival of historical ties.
8. Urban development- Centerpiece Swachch Bharat:
9. Defence- Rafale jets done, one rank, one pension ‘soon’ :
- In line with the “Make in India” slogan, the ministry has said it will amend the defence procurement policy (DPP) to boost a domestic defence industry. Minister Manohar Parrikar has said the blacklisting policy and role of representatives in defence acquisitions will be reviewed. The BJP came to power on the promise of better handling of cross-border problems and one rank one pension. During the year, Border Roads Organisation has been brought under the ministry.
- The acquisition of 36 Rafale fighter jet, pending for over three years, has been a major decision. The ministry has played key roles in rescue and relief operations during the Kashmir floods and the evacuation of Indians from Yemen. The government has prepared a budget has been set for one rank, one pension; it promises to announce the scheme soon.
10. Make In India
- Ultimate objective to make India a renowned manufacturing hub for key sectors. Companies across the globe would be invited to make investment and set up factories and expand their facilities in India and use India’s highly talented and skilled manpower to create world class zero defect products. Mission is to manufacture in India and sell the products worldwide.
- This will help in creating job market for over 10 million people in India
- Manufacturing done here would boost India’s GDP, trade and economic growth
- Launch of Make in India campaign took place on 25th Sep 2014.
- The sales pitch would be made available in capital cities in India and countries with time zone similar to India.
- Over 15000 crores would be spent to open the training centers.
- Translation of prime minister’s speech would be available in multiple languages German, French, Japanese and Russian.
11. The latest one: The economy grows at 7.3%:
- The Indian economy grew at 7.3 percent in 2014-15 due to improvement in the performance of both services as well as manufacturing sectors.
- According to the data release by the Central Statistics Office (CSO) today, the economic growth was 6.9 percent in 2013-14 as per the new series of national accounts with base year of 2011-12.
- The fourth quarter (January-March) of last fiscal saw the economy grow at 7.5 percent, better than 6.6 percent recorded for the previous three months, October-December.
12.Pradhan Mantri Suraksha Bima Yojna and Atal Pension Scheme:
- Government announced insurance schemes Pradhan Mantri Suraksha Bima Yojana (for Accidental Death and Disability), Pradhan Mantri Jeevan Jyoti Bima Yojana (for life insurance) and Atal Pension Yojna (for pension).
- At just INR 12 per annum, it’s an excellent scheme for even the poorest of the poor.
- We can’t forget the Foreign investments to the tune of billions of dollars, Mr. Modi has brought through his various tours.
- Multiple companies planning to set-up new industries in India.
- Corruption has been at an all time low. ( At least at the central level.)
Only 1 year and these many transformations, don’t you feel this man is having a clear vision and a strong will to do something for his nation?
Always do your best. What you plant now, you will harvest later .
Still 4 more precious years are remaining, keep patience and let magic happen
Still, Do I need to explain why he is followed Blindly? 🙂
PS :- Thank youSir, for last two points 🙂