Est of Linda J. Stephens/Wanda A to Suzanne G Martin, 9 Potter Ave, $185,000. JPMorgan Chase Bank, Na to Real Estate Heights, LLC, 613A Sleepy Hollow …
Is India really changing under PM Modi?
- 5000 years of Maharaja and their Kingdoms
- Nearly 200 years of colonization
- Almost 70 years of ineffective or not-up-to-the-mark governance.
That’s a huge time gap since we Indian have seen a good governing system. It has been 1.5 years for Modi and you are expecting him to have a Hermione Granger’s beaded handbag. In which he will put his hand and have a solution to the problem.
N. Modi is the representative of India. He’s not going to develop India alone. It’s the Indian citizen who has to support his Idea and do their best. For example N. Modi has launched Swach bharat abhiyan. That does not means that he himself will carry a broom to clean India. It was PM’s idea but needed to be followed by the citizens to see the results. He has sown many seeds. Give some time and when you reap all the seeds you would be seeing a developing India.
Some of his sown seeds are
- Jan Dhan Yojana: More than 15 crore bank accounts opened, over 10 crore RuPay debit cards issued, with life cover, pension
- Corporate sector adopts prime minister’s ‘Swachch Bharat’ mission with promise of total sanitation by 2019
- Cooking gas now under direct-cash-benefit transfer scheme, with potential saving of $5 billion annually in subsidies, plus Diesel prices de-regulated
- Foreign equity in rail infrastructure allowed, without limit
- Foreign equity cap in defence raised to 49 per cent; 74 per cent in case of technology transfer
- Fast-tracking of defence purchases: 36 Rafale fighters being bought, orders for several long-pending purchases placed
- Foreign equity cap in insurance and pension sectors increased to 49 per cent
- Nod for IPOs/FPOs by banks to raise funds, as long as government equity remains 52 per cent or over
- Nod for real estate and infrastructure investment trusts, with tax benefits
- Cabinet nod for Prime Minister’s 100 Smart Cities Project
- $130 billion proposed spending on railways over five years on schemes including high-speed trains
- Definitive steps forward in introducing pan-India goods and services regime
- Successful conclusion of two rounds of coal block auctions, more lined up
- Impasse in mining sector ended with passage of new bill for regulation and development
- Successful conclusion of auctions for telecom spectrum for mobile telephony and broadband
- Launch of ‘Make-in-India’, ‘Digital India’ and ‘Skill India’ initiatives with focus on defence and electronics, primarily to create jobs
- Mudra bank launched with Rs 20,000 crore corpus to extend loans of between Rs 50,000 and Rs 10 lakh to small entrepreneurs
- Commencement of divestment programme in public sector companies
- Disbanding of various ministerial groups for faster decision-making
- Adoption of 14th Finance Commission recommendation on far-reaching changes in sharing of revenues between the Center and the States
- Single-window scheme for various clearances to steel, coal and power projects
- Price stabilisation fund set up for agri-commodities to check inflation
- Warehouse Infrastructure Fund with Rs 5,000 crore corpus to increase shelf-life of farm produce (replace if possible)
- Clarity in tax treatment on income of foreign fund whose fund managers are located in India , as also on transfer pricing for resident and non-resident tax payers
- Panel set up under law commission chairman on issue of minimum alternate tax
Apart from all these he has visited more than 25 countries and has received Rs 100000 crore (approx) foreign direct investment (FDI) from 12 countries visited by Prime MinisterNarendra Modi in financial year 2014-15. During the period, Indian companies invested $3.42 billion in these countries which include Bhutan, Brazil, Nepal, Japan, the US, Myanmar, Australia, Fiji, Seychelles, Mauritius, Sri Lanka and Singapore.
The total outflow and inflow of foreign investment in general for 2014-15 fiscal was $6.42 billion and $75.71 billion, respectively.