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Austerity Modi’s way: Rs.17 crore goes down the drain at washed out Varanasi event

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Varanasi:  As rains led to the cancellation of Prime Minister Narendra Modi’s visit to his parliamentary constituency on Thursday, for the second time in the past one month, a staggering Rs.17 crore of the tax payer’s money also has gone down the drain. Literally!

If local district and protocol officials are to be believed, washed out trip has cost the exchequer more than Rs.17 crores. While VVIP visits do cost a fortune, the amount spent on Modi’s now-cancelled visit is stunning for more than one reason.

First, while this is in stark contrast to the austerity Modi often speaks of, secondly, if one breaks down the expense of the visit, which was to last four hours and 35 minutes, the per-minute expense was to be Rs 6.18 lakh and the per-second averaging Rs 10,333.

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With heavy rains ruining Modi’s programme on June 28, the organizers this time had done their homework well and six special ‘German Hanger’ like marquees were erected for the public rally at Dereka grounds. These gigantic marquees were both fire and water-proof and are estimated to have cost Rs 9 crore. Three air-conditioned mobile toilets were requisitioned from New Delhi for use of Modi and his entourage.

The organizers, on condition, of anonymity said that air-conditioners totaling 100 tonne were in place at Dereka, keeping in mind the humid and sultry weather. Ten special generators to provide 125 KVA electricity were also installed, adding a major expense to the budget. While the VVIP’s were to be provided AC’s to give them respite from the humid conditions, 100 coolers and 2,000 fans were in place for the public.

These generators, along with ten 6 KVA and two 5 KVA gensets would have produced 1.4 MW of electricity that, in ordinary conditions, could have powered more than 1,000 households, an official mused.

This apart, over Rs.4 crore rupees has been sent on boarding, lodging, transport and other expenses of the prime minister’s security and SPG detail.

A Wi-Fi enabled mini-PMO was also raised behind the hanger in which Modi was to be present during the launch of the developmental projects. Fifteen LED screens that would have telecast the prime minister’s address live to almost 20,000 people and a high- quality sound system at the rally venue also burnt a hole in the common man’s pocket. (IANS)

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Prime Minister Narendra Modi Stern On Intensifying India-Korea Economic Relations

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018. 

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Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: "Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion." Pixabay

Making a call to intensify the India-Korea economic relations, Prime Minister Narendra Modi here on Thursday urged more Korean businesses to turn their attention towards India.

“I wish to see more and more Korean businesses turning their attention to India,” Modi said.

Addressing the India-Korea Business Symposium, Modi who is on a two-day official visit to South Korea, said India has become one of the most open countries for foreign direct investment (FDI), recording $250 billion inflow in the past four years.

India
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.
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Noting that this was his third interaction with the Korean business leaders in 12 months, Modi said: “Negotiations to upgrade the comprehensive economic partnership agreement (CEPA) have been fast-tracked to achieve the bilateral trade target of $50 billion.”

India features among the top 10 trade partners of South Korea and is the sixth largest export destination for S Korean goods with the trade volume reaching $21.5 billion in 2018.

Money
Trade Groups Claim, American’s Detention Is A Potential Moment For Russia. Pixabay

“Not just trade, in terms of investment also we are seeing a positive turn. Korean investments into India have reached a cumulative figure of almost $6 billion,” the Prime Minister said.

Noting that the South Korean National IT Industry Promotion Agency (NIPA) has opened its India office in Bengaluru to facilitate Korean startups in India, the Prime Minister said both the countries have decided to set up a future strategy group (FSG) and a centre for research and innovation cooperation.
Also Read: Trade Groups Claim, American’s Detention Is A Potential Moment For Russia
Highlighting the sound fundamentals and that the Indian economy is on its way to become a $5 trillion economy soon, Modi said no other large economy in the world has grown at 7 per cent year after year.

India, he said, has jumped to the 77th spot on the World Bank’s “ease of doing business” rankings on the back of reforms and is determined to break into the top 50 next year. (IANS)