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Top Highlights of PM Narendra Modi’s Speech on India’s 71st Independence Day

10 Important points in PM Modi’s speech

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Prime Minister Narendra Modi’s fourth Independence Day speech from Red Fort
Prime Minister Narendra Modi’s fourth Independence Day speech from Red Fort. Twitter
  • We have to take the country ahead with the determination of creating a ‘New India’
  • His government is serious about tackling various national security issues
  • I want to proudly tell people that within just three years, we have recovered black money of Rs 1.25 lakh crore

New Delhi, August 15, 2017: It was Prime Minister Narendra Modi’s fourth Independence Day speech from Red Fort, Delhi. He talked about a variety of issues like GST, demonetisation, terrorism, and triple talaq among others. Here are the top 10 points of Modi’s speech:

  • A New India will be our democracy’s biggest strength

During his speech, Modi expressed that India should create a new India before 2022, the 76th year of Independence. Modi said, “We have to take the country ahead with the determination of creating a ‘New India’. Let us come together to create an India free of corruption, nepotism, casteism, communalism, and terrorism. Let us build a country which is clean, healthy and is self-determined.”

  • From Quit India Movement to a United India Movement

Modi has previously spoken about the Quit India Movement during the monthly address of Mann ki Baat as well as the special session of the Parliament to commemorate the event. During the Independence Day speech, he once again brought back the historic event.

Asking Indians to take inspiration from the 1942 movement, Modi said, “Within five years, the British had left the country because of our unity. We have to take a sankalp of new India and take the country forward.” Remembering the contribution of Mahatma Gandhi in the freedom movement, “There was a Mohandas Karamchand Gandhi once. People with cotton in their hands support Gandhi and eventually, the country got freedom,” he added. He said on the Independence Day that the need of today’s India is Bharat Jodo, a united India.

  • 2018: A crucial year for India

Modi put special emphasis on January 1, 2018, telling Indians that 2018 will be the year that will mark the coming of age of a whole generation, the generation which will steer India forward.

1 January 2018 will not be an ordinary day. “The people who were born in the 21st century will find that this date will decide a lot in their lives. I welcome all the youths who will turn 18 in 2018. Now, you are getting an opportunity to be a part of the force which develops India,” said the prime minister. He called them the Bhagya Vidhatas’ of our country

  • Surgical Strikes and National Security

Modi hailed the surgical strikes (29 November 2016) on the Independence Day and stressed upon the fact that his government is serious about tackling various national security issues. He said, “After the surgical strike, the entire world had to acknowledge India’s strength.” The concern for national security is a natural one in an independent India. Our armed forces always showed their capabilities in handling both terrorism and during the war.

Also Read: PM Narendra Modi Condemns Religious Violence on 71st Indian Independence Day, Warns “Will Not Accept Violence In The Name Of Faith”

  • Breakthrough measures of Modi government

Modi said that people are celebrating a Mahotsav of honesty today. His government implemented various praise-worthy measures like One Rank One Pension, GST, and demonetisation.

Talking about his government’s commitment to armed forces, Modi said, “For 30 or 40 years, the matter of One Rank One Pension was stuck. But our government took steps to fulfill the demand of our security personnel.” He said that GST gave the nation a new direction to competitive federalism and that GST was rolled so fast across the country, all thanks to technology. He said, “After GST enrollment, our truck drivers save 30 percent of their time in travel now.”

PM Modi spoke on demonetisation, “Today, I want to proudly tell people that within just three years, we have recovered black money of Rs 1.25 lakh crore.” Through Note ban, the black money came out. It was their endeavor to recover black money and then to make it a constructive part of the economy. Demonetisation proved to be a successful move against corruption. “The businessmen with black money used to run shell companies. After demonetisation, three lakh shell companies were found. And out of that, we canceled the registration of 1.75 lakh companies,” said the prime minister.

On development measures, he said, “Today, roads and railway tracks are being constructed twice as fast. Today, over 14,000 villages have got electricity. 29 crore people have got bank accounts now.”

  • Modi opposes Triple Talaq

His government supports the movement against Triple Talaq and India will also support Muslim women in their struggle. “I believe India will fully support the women in their struggle. The women of this country created a revolution against Triple Talaq. There was an atmosphere against Triple Talaq in the country with even the media supporting the women,” he said.

  • Gorakhpur tragedy

The prime minister was being criticized for not speaking on the Gorakhpur hospital tragedy which has killed over 70 children so far. But, Modi broke his silence today. He said, “In the last few days, some of our innocent children died in a hospital. All the countrymen stand together at this time.”

  • Militancy in Kashmir

On Independence Day, taking a peacemaking approach towards Kashmiris, Modi expressed his opinion that the Kashmir issue can be solved only through peaceful means.  He said, Na gaali se samasya sulajhne wali hai, na goli se, samasya suljhegi har Kashmiri ko gale lagane se (Kashmir problem can’t be resolved by either bullet’s or by abuses. It can be resolved only by embracing all Kashmiris).

He promised to bring prosperity to the militancy-infested state. “The development of Jammu and Kashmir is also a commitment of the people and the government there,” said Modi.

  • No leniency for terrorism

Prime Minister spoke of involving common Kashmiris in India’s growth story but took a tough stance on militancy. “A lot happens in Kashmir. A lot of claims have been made. A lot of people abuse each other. There are a lot of separatists. But there will be no leniency for terrorism. I have told many to become a part of democracy,” said the prime minister.

  • Communalism and Casteism are poison for the country

Modi said that violence in the name of faith is not acceptable and described casteism and communalism as poison for the country. The comments assume importance in the backdrop of various incidents of lynching by cow vigilantes. He said that issues like communalism and casteism can’t benefit the country in any way. “Therefore, violence cannot be emphasized in the name of faith,” Modi said.

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Is Islamic inequality a conspiracy against the God?

Islam was conducted in a sense it was never meant to be

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Muslims
An eternal religion like Islam is always targeted for its preachings. Wikimedia Commons

Religion was the purest creation by humans to guide them to a better life, but it is clear that religion is being misused by many to create chaos and misery.

Islam, which is the World’s second largest religion, has become to symolize as the largest religion of devastation. A religion that believes that there is only ‘One God’ and that is their God, has now come to stand for turbulence and violence.

Historically too, Islam has always been linked with ‘terrorism’, but what gave rise to this scenario? The synopsis of this situation is not the right interpretation of ‘Quran’. The term ‘Jihad’ which literally means ‘to strive for the betterment of society’ has been deceitfully presented which leads to production of terrorists like Kasab (he quoted it in his letter to his family). The greed for 72 virgin women, which is just a story, makes them a ‘person of mass destruction. ‘ In the name of God, some ‘juvenile’ people choose the path which they are not familiar with.’

Islamic Terrorism
It is often stated that most of the ‘Terrorists’ are Muslims.Wikimedia Commons

A religion should always teach and preach about equality but Islam surely fails when it comes to their women. They are not so privileged as men are in an Islamic society. Why is it so? Does religion discriminate between two on the basis of gender? Why a Muslim man is taught to think about 72 virgin women but a Muslim woman is told to consider one man as her god? Why a man has a right to marry thrice but a woman is allowed to marry just once?

Islamic scholar Imam Tawhidi’s tweet raised a question on the fairness of the Islamic religion.

The disparity is not limited here. A woman who leaves her home, her parents, her career and even her surname; a woman who makes a home a home; a woman who sacrifices her everything for a man; is the one who is out thrown from her own home just by saying ‘Talaq, Talaq, Talaq’. Is a relation between a husband and wife established on these three words? Why only Muslim men favoured with such power?

Culture of Hijab
Women are meant to cover their full body in Islam. Wikimedia Commons

The word ḥijāb in the Quran refers not to women’s clothing, but rather a spatial partition or curtain. However, the preachers of Islam say that women should get all her parts covered by confidently stating that it is mandated in the Holy Quran. Yet another example of inequality on the basis of gender but the compelling truth is that these customs and thesis are created by the human itself and not Islam. This is how Islam is misused to spread fallacious beliefs among the people and making their life miserable.

Does Islam need to reform? Or do preachers of Islam need to introspect and reform?

– Sumit Buchasia of NewsGram. Twitter @sumit_buchasia

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Demonetisation Anniversary: BJP acts cheeky, releases new video showing Frustration of ‘Corrupt’ Politicians following Demonetisation

The one-minute video, which is now going viral on social media, has already been re-tweeted more than 2 thousand times since it was released on November 7, on the eve of demonetization move.

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Demonetisation Anniversary
Screen grab of the sarcastic video released by BJP to mark Demonetisation Anniversary. Twitter

New Delhi, November 8, 2017 : On November 8 2016, every Indian citizen sat glued to their TV screens as Narendra Modi was set to make a big announcement. Outcome? The Indian Prime Minster shocked the entire nation with the introduction of Demonetisation, a move that was to change the very foundation of the cash-dependent Indian economy.

The much-debated move by Modi garnered the attention of several well-versed economists from the country and abroad, alike. While some people willingly welcomed the move, there were others who stood in staunch criticism.

As the move completes its first year, the Bharatiya Janata Party (BJP) is set to observe November 8 as ‘anti-black money day’ to celebrate Demonetisation anniversary in the country.

On the eve of the Demonetisation anniversary, the BJP released a cheeky video claiming to depict how ‘corrupt’ politicians have been criticizing the move, as the nation won following demonetisation.

WATCH BJP’S TONGUE-IN-CHEEK VIDEO

In the video, the BJP attempted to take a dig at corrupt politicians, who have been criticizing PM Modi’s Demonetisation move.

In the video, a woman, playing the character of a frustrated, corrupt politician can be seen going on a rant over PM Modi’s note ban initiative, which was aimed to combat black money, corruption, fake currency and terrorism.

The video ends with a voice-over saying demonetisation has not only brought out this frustration of corrupt citizens, but also black-money, claiming that almost 99 per cent cash which was previously lying hidden with people has now entered the banking system.

The one-minute video, which is now going viral on social media, has already been re-tweeted more than 2 thousand times since it was released on November 7, on the eve of demonetization move.

Ahead of the Demonetisation anniversary, the last few days have witnessed several leaders present their opinions on PM Modi’s demonetization move.

Finance Minister Arun Jaitley called PM Modi’s note ban initiative a ‘watershed moment’ while Piyush Goyal, Minister of Railways believes the move has pushed India towards a more transparent economy.

However, the move is being criticized by ex-Prime Minister Manmohan Singh calling it ‘irresponsible’. The opposition maintains that PM Modi’s note ban initiative has caused reckless damage to the country and the Indian economy.

On Demonetisation anniversary, the BJP is set to observe November 8 as ‘anti-black money day’, while opposition leaders are set to observe the day as ‘black day’ in protest against the note ban initiative.

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Demonetisation has Beneficiary Long Term Impact on Real Estate with Initiatives of RERA and GST

The transparency brought in by demonetisation, aided by RERA, GST reforms and liberalisation of FDI norms, has boosted the performance by fair Real Estate companies.

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Long Term impact on Real estate
Long Term impact on Real estate has been depicted by Demonetisation.Wikimedia.

New Delhi, October 4: Though the government’s radical measure of demonetisation has disrupted the economy and has hit the real estate sector — already reeling under prolonged slowdown — it will turn out to be a blessing in disguise in the medium-to-long term.

As an asset class, real estate has been a big source of generating and consuming black money. The cash component in real estate has been there at various levels, beginning with land transactions where it amounts to 30-50 per cent. The cash payout is quite high in luxury housing too. The consumption of cash has been as high as 30 per cent in secondary market transactions.

The primary market transactions, however, are by far bereft of cash component as home purchases are financed through loans from banks and housing finance corporations. It is another matter that even in primary market deals, developers have been encouraging cash payouts by luring property buyers with good discounts on property price.

The speculative buying by investors through offerings like underwriting and pre-launches has also been involving cash payout, leading to artificial price hike and in turn making homes out of the reach of masses.

Demonetisation, coupled with the government’s move to check benami transactions through legislation and curbs on cash transactions, was meant to clean up the system.

This sudden ‘shake up’ was, however, not without its adverse impacts. Demonetisation badly affected the liquidity in the capital-intensive real estate sector, deepening the problem of massive fund shortage/cash crunch faced by developers reeling under delayed deliveries, which deterred buyers from purchasing property.

long term impact on Real Estate
There are long term impact on Real Estate due to Demonetisation. Pixabay.

The impact was more evident in markets like NCR and Mumbai which were largely investor-driven, compared to southern markets of Bengaluru and Chennai and even Pune in the west, which have been end-user driven. The premium/luxury residential segment, in which the cash component was more in transactions, got impacted by demonetisation.

Real estate experts’ belief that the impact of demonetisation is only short-term and will not have long-term impact, stems from the fact that developers who have been following transparent and fair practices have not been affected by demonetisation and instead it worked out to their advantage.

This also turned out to be a positive development for big global real estate consultants like JLL India which doubled its profits in 2016 over 2014-15, with 60 per cent revenue growth.

One key positive impact of demonetisation and RERA (Real Estate Regulation Act) has been that speculative investors deserted real estate and end-users/genuine buyers, who were all these years pushed to the sidelines, came out in large numbers. Now, it is the property consumers who are driving the real estate market, especially residential market, aided by the government’s pro-industry and pro-consumer initiatives.

The step to promote affordable housing and according real estate industry status for the purpose of making easy and cheap funds available to the sector also helps.

Demonetisation has particularly boosted foreign funding. The transparency brought in by demonetisation, aided by RERA, GST reforms and liberalisation of FDI norms, has boosted the confidence of foreign investors, which is clearly evident from the spurt in foreign investments, particularly from pension funds.

This will inject much needed liquidity in the sector starved of funds. Targeting consumers, the government under the Pradhan Mantri Awas Yojana (PMAY), is providing substantial interest subsidy to home buyers. The clampdown on floating cash in the system has contributed significantly to curbing inflation which, in turn, helped RBI in cutting interest rates, thereby boosting home buying.

The proposed measures to liberalise FSI norms and rationalise stamp duty, will give further fillip to the residential sector, particularly affordable housing.

Demonetisation had a salutary impact on property prices by curbing cash transactions and checking speculative pricing, in turn increasing affordability, which is a key to achieve the government’s flagship mission of ‘Housing for All’. RERA & GST are further aiding demonetisation to control prices.

long term impact on Real Estate
Demonetisation aided with RERA and GST will put long term impact on Real Estate. Pixabay.

The key provisions in RERA, to speed up project completion, by checking diversion of funds through mandatory escrow account, stringent penalties to check project delays, together with the government’s move to make all building sanctions online, will go a long way in checking time and cost overruns of real estate projects, thereby controlling home prices.

The ban on pre-launching of projects under RERA will also check artificial spurt in pricing. GST has come to tackle the flow of cash in the purchase of building materials by introducing input credit tax. Further, the government’s plans to liberalise FSI norms, especially for affordable homes, and rationalising stamp duty will have a sobering effect on property prices.

But for some little lingering effect, economists and real estate experts believe that the overall downside impact of demonetisation has faded and its impact is not going to be there in the next quarter.

Says Ashwinder Singh, formerly CEO of JLL India & now CEO of leading real estate consultancy, Anarock Consultants: “Other than in terms of the initial confusion-induced decline in sentiment, the trend that is emerging now, points towards a recovery in buying sentiment with serious buyers already returning to primary markets.”

The entire demonetisation exercise undertaken by the government and aided by other reforms, like Benami Property Act, RERA and GST, is to be looked at in the backdrop of the government’s multi-pronged policy to create institutional and regulatory framework for speedy and steady growth of the economy. And at the centre of all these initiatives is real estate, which is a key contributor to GDP. Going forward, these policy initiatives will help make real estate more organised, transparent, credible and affordable, making the sector investor and consumer friendly. (IANS)