Tag Archives: pm narendra modi

PM Paid Tribute to Indian Soldiers on 1st World War’s 100th Anniversary

PM Paid Tribute to Indian Soldiers on 1st World War’s 100th Anniversary

It’s been 100 years to end of World War I. And on Sunday, November 11, Prime Minister Narendra Modi paid tribute to thousands of Indian soldiers who sacrificed their lives in the war, even when India was not directly involved. Yet our soldiers fought the world over, just for the “cause of peace“. There is a series of tweets in which PM Modi paid tribute with his kind words.

In the below tweet, he also mentioned the link to the speech where he had spoken about India and WW-1.

Also, PM Modi recalled that he had the honor of paying tribute in France at the Neuve-Chapelle Memorial and in Israel’s Haifa at the memorial, places associated with India’s role in 1st World War.

In addition, the Indian Army contributed a large number of soldiers to the European, Mediterranean and the Middle East conflicts of war in World War I, being a British colony.

Moreover, in East Africa, the Indian Army fought against the German Empire and on the Western Front.

Around 13 lakh Indian soldiers served during World War I fighting for the Britishers Especially in places like Mesopotamia, France, and Belgium, Egypt, Gallipoli, Sinai, and Palestine.

A big number of the Indian soldiers, about 74,187 served British in 1st World War & lost their lives. The First World War lasted from July 28 in 1914 to November 11 in the year 1918.

PM Modi First Govt Head to Address Singapore Fintech Festival

PM Modi First Govt Head to Address Singapore Fintech Festival

Prime Minister Narendra Modi to be the first government head who will address the world’s largest fin-tech fest Singapore Financial Technology (Fintech) festival on 14 November. The focus will be on the financial inclusion story of India, demonetization exercise that broad-based tax collection, and ensured better compliance as it gave a boost to digitization. During his visit to Singapore, Modi will attend East Asia Summit on November 14-15 and meet US Vice President Mike Pence and Chinese Premier Li Keqiang.

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As per the South Block officials, PM Modi might also launch a platform anchored in Singapore that will initially connect Indian start-ups to ASEAN banks and financial institutions. This is after the launch of the RuPay platform in May-June this year which he used himself to buy an Indian handicraft product. The first cross-border remittance app based on India’s Unified Payment Interface was also launched to create a convenient, quick, cheap and secure means for the Indians and migrant workers for remitting money to India.

India has one of the world’s largest fin-tech and startup sectors. PM Modi will be addressing more than 30,000 participants from 100 countries at the fest, nearly 400 exhibitors and 230 leading experts from sectors like public policy, finance, and technology.

A senior diplomat said, “There will be over 17 visiting leaders for the East Asia summit but PM Modi has been chosen to deliver the fintech address.”

Apart from the East Asia summit, Modi will hold meetings with US VP Pence in the run-up to his expected meeting with President Donald Trump on the sidelines of the G-20 summit at Buenos Aires. He will also meet Chinese Premier Li Keqiang before meeting President Xi Jinping at the G-20.

PM Narendra Modi MSME Incentive will Strengthen the Sector

PM Narendra Modi: MSME Incentive will Strengthen the Sector

PM Modi on Sunday said that the measures announced for MSME (Micro, Small and Medium Enterprises) would add strength to the sector. He also said that the bigger markets and better opportunities for them are a win-win situation.

On Friday, Modi had announced several measures to provide a boost to the sector such as sanctioning loans of up to Rs. 1 crore in 59 minutes through a portal. Replying to a Twitter user who appreciated the steps, PM said: “Yes, it will add strength to the MSME sector”.

The public sector companies have been mandated to source 25% from the then 20% of their annual procurement from the sector. Moreover, 3% sourcing by the public sector undertakings (PSUs) should happen through MSMEs owned and run by women. Add to that, all the central public sector enterprises (CPSEs) will need to become a member of the Government e-Marketplace (GeM) for facilitating the online procurement of common use goods and services through different government departments and organizations.

Another user tweeted that the move to make GeM mandatory for all CPSEs is a crucial step in creating a level playing field for all manufacturers and traders. To this, PM said: “Bigger markets and better opportunities for MSMEs is a win win”.

PM Modi had also announced that the GST-registered MSMEs would be getting 2% interest subvention or rebate on an incremental loan of up to Rs 1 crore. The interest subvention on pre- and post-shipment credit for MSME exports has been increased from 3% to 5%.

PM Modi Launches 12 New Policies as “Diwali Gifts” for MSME Sector

PM Modi Launches 12 New Policies as “Diwali Gifts” for MSME Sector

Prime Minister Narendra Modi on Friday announced 12 new policies for the MSME (Micro, Small and Medium Enterprises) sector after launching a portal to sanction an MSME loan in 59 minutes.

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The MSME Outreach Programme will provide a boost to the MSME sector as it is a primary sector for generating employment opportunities and contributing to the country’s overall economic growth.

Different announcements and deliverables focusing on access to credit, market access, hand-holding and facilitation support to the sector were made.

The 12 major policy announcements for MSME include:

1. 59-minutes loan

The government’s first step was launching the 59-minute loan sanction portal, allowing easy and quick credit up to 1 lac for small businesses.

2. Computerized random allocation and a time frame

At max, 48 hours will be given for filing a report for any inspection to an inspector, and they can’t decide which factory to go. A computerized random allocation system will decide which inspector will go where.

3. Loan option

The loan option for GST registered firms will now be available through the GST portal. The rebate has risen from 3% to 5% for the exporters seeking pre-shipment and post-shipment loans.

4. Cash flow certainty

It has now been mandated to join the Trade Receivables e-Discounting System (TReDS) for companies having a turnover of over Rs 500 crores. It will prevent MSMEs from the trouble in cash flow.

5. Interest concession

The government will be increasing interest concession on loans for MSME exporters from 3% to 5%. PM Modi also requested big companies to clear bills of MSMEs expeditiously. More than 72,000 MSMEs have been given loans through this portal.

6. Quick loan access

The government has launched a quick loan access scheme for up to Rs. 1 crore for MSMEs and 2% rebate for loans up to Rs 1 cr for GST-registered MSME.

7. MSME’s led by women

It has been mandated for PSUs to procure up to 3% from MSMEs owned by women.

8. Trade receivables and e-discounting systems

To avoid cashflow problems for MSMEs, all the companies having a turnover of over Rs. 500 crores will need to join the Trade Receivables e-Discounting System (TReDS) platform.

9. Pharma clusters for MSMEs

The government will establish pharma clusters for MSMEs. The center will bear 70% of the setup cost. He also said that the government is offering Rs 6,000 crore technology upgradation package for MSMEs.

10. Government e-Marketplace

Government e-Marketplace platform procurement has been mandated for AIIPSEs.

11. Environmental laws

Facilitating compliance with environmental rules, MSMEs will require single air and water clearance and only one consent to set up a factory.

12. Relaxation in labor laws

The MSMEs will need to file only one annual return on 8 labor laws and 10 central rules. Also, an ordinance has been declared for simplifying the levy of penalties for minor offenses under the Companies Act.

PM Modi & US President Trump Hold Talks on Trade Issues White House

PM Modi & US President Trump Hold Talks on Trade Issues: White House

Prime Minister Narendra Modi and US President Donald Trump have discussed bilateral trade issues, a top White House official reported on Thursday.

White House Chief Economic Advisor Larry Kudlow said, “We (India and US) are in talks. We are in talks absolutely. India is a highly-valued ally. The president has spoken to the prime minister and so forth. We’re in talks.”

However, Kudlow did not mention as to when did the two leaders held talks on trade issues.

For past several months, the White House has ceased issue of readouts of most telephonic conversation that Trump has with the world leaders. Trump himself sends out tweets regarding some telephonic conversations.

Not providing any details of the trade talks between the two countries, Kudlow said, “I can’t go there. I can’t go. We’re talking. Talk is good by the way.”

Last week on Saturday, the Commerce and Industry Minister Suresh Prabhu said that India and the US exchanged offers for a potential trade deal to resolve issues related to bilateral commerce.

Prabhu said in an event in New Delhi, “The negotiations are ongoing. Of course, at this stage, they have given an offer and we have also given a counter-offer and we are working on it.”

India is urging for exemption from the high duty put by the US on some aluminium and steel products, resumption of export benefits to some domestic goods under their Generalised System of Preferences (GSP) and better market access for its products from sectors such as the automobile, auto components, agriculture, and engineering.

Under the GSP introduced in 1976, around 3,500 Indian products from sectors like chemicals and engineering get duty-free access to the US market.

Whereas, the US is asking for better market access for its agriculture goods, manufacturing products, and medical devices.

The exports of India to the US in 2017-18 was $47.9 billion, and imports were $26.7 billion. The trade balance is in India’s favor.

PM Narendra Modi Wishes People of Five States on The Foundation Day

PM Narendra Modi Wishes People of Five States on The Foundation Day

NEW DELHI: Prime Minister Narendra Modi today wished the people of five states (Madhya Pradesh, Kerala, Haryana, Chhattisgarh, and Karnataka) on their state’s Foundation Day through his official Twitter handle.

While wishing country’s second-largest state Madhya Pradesh presently election-bound, PM mentioned about its unprecedented growth and development in the last 15 years. He further said that Madhya Pradesh is India’s heartland and has always played a pivotal role in the nation’s development.

Greeting people on Kerala Piravi, PM Modi said that he prayed for the progress and prosperity of the people of the state.

Kerala Piravi greetings! Kerala has a wonderful culture and has always emphasized on human empowerment. It’s people have brought immense pride to India. May all their aspirations be fulfilled in the times to come,” Modi tweeted.

Wishing Haryana, Modi called it a land of courage, hard work, and dedication toward the nation. He added that it’s the land which gives us farmers and soldiers.

PM Modi credited late Prime Minister Atal Bihari Vajpayee behind the vision and foundation of Chattisgarh. Also, he said that with time, Chattisgarh has progressed in many areas especially agriculture.

On the special occasion of Karnataka Rajyotsabva, PM called the state of Karnataka a home to rich history with bright people who have distinguished themselves in different fields.

Greetings to my sisters and brothers of Karnataka on the special occasion of Karnataka Rajyotsava. I pray for the happiness and wellbeing of the people of the state.”

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PM Narendra Modi & Italian PM Giuseppe Conte Attend Tech Summit

Prime Minister Narendra Modi on Tuesday greeted his Italian counterpart Giuseppe Conte who visited India to participate in 24th India-Italy Technology Summit organized by Department of Science & Technology in partnership with CII (Confederation of Indian Industry). Besides participating in the summit, Conte held talks with Modi for furthering cooperation in key areas like lifestyle accessories design, transportation, automobile design, energy, and life sciences.

Welcoming Conte, Modi tweeted:
“A warm welcome to the Italian Prime Minister, Mr. Giuseppe Conte in India. I look forward to meeting him and to participate together at the Tech Summit later today.”

After an Italian court didn’t find any ‘conclusive evidence’ for the alleged bribes paid to Indian authorities in the VVIP chopper deal case, the Italian PM landed in New Delhi for renewal of the defense cooperation between the two countries.

Prime Ministers of both the nations held bilateral talks, discussing various issues of mutual interest especially defense cooperation under the established framework of Joint Defense Commission set up during Modi’s last year visit to Milan. The Joint Defence Committee aimed to enhance and encourage a “structured dialogue” between Indian and Italian defense firms.

According to the sources, the defense ministries of both countries have been engaging with each other to facilitate defense cooperation since last year. Many Italian firms with defense sector expertise have shown interest in joining ‘Make in India’ program.

Post the bilateral talks, both the leaders with their high-level delegation attended the India-Italy Technology Summit. The summit’s agenda was promoting technology transfers, research & development, joint ventures and market access between industry and research institutions of India and Italy.

Here is Modi’s address on India-Italy Tech Summit:

PM Modi to Unveil Sardar Patel’s Bronze Statue 'Statue of Unity' Tomorrow

PM Modi to Unveil Sardar Patel’s Bronze Statue ‘Statue of Unity’ Tomorrow

Marking Sardar Vallabhbhai Patel’s 143rd anniversary on 31 October, Prime Minister Narendra Modi on Wednesday will be inaugurating his bronze statue tomorrow at Kevadia, Gujarat in Narmada district.

Standing 182-meter-long facing the Sardar Sarovar Dam, the statue is going to be the world’s tallest statue being taller than China’s record 153 meters long statue Spring Temple of Buddha and nearly double of Statue of Liberty (93 meters).

A viewing gallery has been established at 135-meter height, accommodating 200 visitors. Built under the Sardar Vallabhbhai Patel Rashtriya Ekta Trust, the Statue of Unity involved an investment worth 2,989 crore rupees (approx $407 million) in less than 4 years.

A viewing gallery has been established at 135-meter height, accommodating 200 visitors.

In this month’s radio address Mann Ki Baat on Sunday, Modi called the Statue of Unity a pride for every citizen of Indian. He said,
This is the world’s tallest sky-scraping statue. Every Indian will now be proud to see the world’s tallest statue here on Indian soil. Sardar Patel, a true son of the soil will adorn our skies too.”

The celebrations led by Gujarat government fascinated the state under Ekta Yatra, spreading awareness about Sardar Patel, his statue and the inaugural event to be held at Kevadia tomorrow. Led by either MLAs or one of the Gujarat ministers, the Yatra covered villages and cities with chariots carrying a replica of the Statue of Unity and a bikers’ group followed by DJs.

Constructed by L&T Ltd, the statue will be interpreted as the largest memorial dedicated to the Iron Man of India. Over 24,000 tonnes of steel, 70,000 tonnes of cement and 1,700 tonnes of bronze have been used for its construction.

Nearly 15,000 tourists are anticipated to visit the statue every day.

PM to Japanese Indians: You're Spreading Light to World like Diwali Lamps

PM to Japanese Indians: You’re Spreading Light to World like Diwali Lamps

Prime Minister Narendra Modi praised the Japanese Indian community for taking the ‘brand India’ to newer heights by ushering in Indian food & culture and cricket to the country.

On the second day of his visit to Japan, Modi addressed a group of Indians on his last day of visit:
Just as how lamps light up the dark during Diwali wherever you are, you are spreading the light of India to every corner of the world and Japan and making the country proud. My best wishes are with you.”

PM Modi along with Japan PM Shinzo Abe reached Tokyo via Express Train Kaiji on Sunday after having spent eight hours together including a private dinner in Abe’s holiday home in Yamanashi Prefecture.

PM Modi along with Japan PM Shinzo Abe reached Tokyo via Express Train Kaiji on Sunday

PM Modi and his Japanese counterpart Shinzo Abe came to Tokyo in a train on Sunday after spending eight hours together in the picturesque Yamanashi prefecture, where they held informal talks and visited FANUC Corporation.

Japan will be lending Rs. 88,000 crore to India for the Ahmedabad-Mumbai bullet train that will travel 508 km of which 21 km will be in an undersea tunnel. The loan will have a minimal interest rate of 0.1 percent which will have to be repaid over half a century.

Modi told Indian community today morning, “India is going through a massive transformative phase today. The world is appreciating India for its efforts towards services towards humanity. The policies being made in India, the work being done towards public welfare, for these the nation is being felicitated today.”

Modi told Indian community today morning, India is going through a massive transformative phase today.

During the speech, PM Modi talked about “Make in India” initiative to provide a boost to India’s manufacturing, especially the mobile phone manufacturing sector.

Modi said, “Broadband connectivity is reaching villages, over 100 crore mobile phones are active in India. One GB (gigabyte) is cheaper than a small bottle of cold drink. Data is becoming a tool for service-delivery.”

PM Modi will be returning to India today.

PM Modi Helps Surat’s Diamond Merchant in Gifting 600 Crores to Staff

PM Modi Helps Surat’s Diamond Merchant in Gifting 600 Cars to Staff

NEW DELHI: Prime Minister Narendra Modi on Thursday helped a diamond merchant in gifting cars to his employees.

A diamond trading company Hari Krishna Exporters by Savji Dholakia gifted around 600 employees were offered cars by Maruti Suzuki. Besides, nearly a thousand more staff were presented gifts of cash deposits and apartments in a grand outdoor ceremony in Surat, Gujrat.

PM Modi had addressed the prize-giving in Gujarat through a video link and presented some employees with car keys in New Delhi.

Dholakia is well-known all over India for providing extravagant gifts to his employees at Diwali, including hundreds of apartments in 2016’s ceremony.

The showroom value of the 600 cars is estimated to be over $2 million.

The gift-giving ceremony is part of a program dedicated to the staff who have provided loyal service to the diamond trader.

In a Facebook post, Dholakia said: “The aim of this program was to reward employees’ loyalty and dedication towards the company.”