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Narendra Modi Prefers to Finish Pending Projects Instead of Waiving Loans

He also targeted the Congress for launching housing schemes in the name of former Prime Ministers

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Narendra Modi
Narendra Modi (Wikimedia Commons)

In an obvious attack on the Congress, Prime Minister Narendra Modi on Saturday said that he preferred to complete the pending irrigation projects to empower farmers instead of waiving their loans.

Modi told a public rally in Palamau, about 160 km from Ranchi, that when he took power in May 2014, he found that several irrigation projects were pending for 30 to 40 years.

“Our government has started work on 99 pending irrigation projects at a cost of Rs 90,000 crore. Our government preferred to complete the irrigation projects instead of waiving loans,” he said after laying the foundation stones of six irrigation projects.

Work on the North Koel (Mandal) irrigation project was started in 1972 and ended in 1993, Modi said. The irrigation project is now a joint venture of Bihar and Jharkhand.

The Prime Minister said that it would irrigate 111,000 hectare of land including 19,000 hectares in Jharkhand.

In 1972, the project cost was Rs 30 crore which had now swollen to Rs 2,400 crore, he pointed out.

“Keeping the irrigation projects pending was criminal negligence on the part of the previous government,” he said.

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Preferred to finish pending projects instead of waiving loans: Modi, flickr

“How could a irrigation project be pending for 50 years? The previous government viewed farmers as a vote bank while our government considers them Annadata.”

Again attacking the Congress, Modi said: “The previous government first made the farmer take loan and is now doing the drama of loan waiving.

“Our government believes in strengthening the farmer and empowering them by ensuring irrigation to agriculture land.”

Modi congratulated Chief Ministers Nitish Kumar of Bihar and Raghubar Das of Jharkhand for setting an example of cooperative federalism.

“I congratulate both Chief Minister for starting the Mandal dam project. This is happening when many states are fighting over water and the cases are in the Supreme Court.”

Narendra Modi also took a dig at Congress President Rahul Gandhi but without taking his name.

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“Those who are showing concern for farmers must not be knowing what Koel is? They must be confused whether Koel is the name of a bird or something else.”

He also targeted the Congress for launching housing schemes in the name of former Prime Ministers.

“I changed the name of the housing schemes so that the PM Awas Yojna should continue under any Prime Minister. Earlier middlemen were active in the housing scheme… Now everything is done in a transparent manner. The housing scheme beneficiaries are now women.

“In less than five years, we have constructed more than 1.25 crore houses and in five years of the Madam-controlled government only 25 lakh houses were built,” he said, referring to former Congress President Sonia Gandhi. (IANS)

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Now India is One of The Most Open Countries for FDI: Narendra Modi

Modi had conceptualised the summit as Gujarat Chief Minister in 2003 to position the state as an ideal investment destination after the 2002 riots.

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Prime Minister Narendra Modi on Friday said that his government had made doing business in India easier, cheaper, faster and smarter with his term accounting for almost 45 per cent of the Foreign Direct Investment (FDI) that the country received in the last 18 years.

Speaking at the inaugural function of the Vibrant Gujarat Global Summit 2019 here, he said India was now one of the most open countries for FDI with over 90 per cent approvals put on the automatic route.

“In the last four years, we have received FDI worth $263 billion. This is 45 per cent of the FDI received in last 18 years,” Modi told the gathering.

He said India was among the top 10 FDI destinations.

FDI
PM Speaks on FDI www.news.civilserviceindia.com

Modi, who is on a three-day visit to his home state to throw open his pet biennial Vibrant Gujarat Global Summit, said the India of today was a land of “immense opportunities” being the only place that offered democracy, demography and demand.

“Fifty cities in India are ready to build metro rail systems. We have to build 50 million houses. The requirement of road, rail and waterways is enormous. We want world class technologies to achieve our goal in a faster and cleaner way. India is thus, a land of immense opportunities.” he said.

The Prime Minister said the challenge for India, as in most emerging economies, was to grow horizontally as well as vertically to ensure that the benefits of development spread to regions and communities that have lagged behind while also meeting enhanced expectations in terms of quality of life, quality of services and quality of infrastructure.

“We are well aware that our achievements, here in India, will directly impact one sixth of humanity.”

Modi said his government had removed the barriers which were preventing India from achieving its full potential and now it was ready for business like never before.

The government has made doing business easier. cheaper, faster and smarter, he said.

“In the last four years, we have jumped 65 places in the global ranking of World Bank’s Doing Business Report. From 142 in 2014 to 77 now, but we are still not satisfied. I have asked my team to work harder so that India is in the top 50 next year.

“We have also made doing business cheaper. The historic implementation of Goods and Services Tax and other measures of simplification and consolidation of taxes have reduced transaction costs and made processes efficient.

“We have also made doing business faster through digital processes, online transactions and single point inter-faces,” he said.

According to LocalCircles, each person who voted in the survey is registered with the portal with their detailed information and in many cases they shared their residential address.
Doing business in India now easier, cheaper, faster, smarter: Modi

He said his government had made doing business smarter by insisting on IT based transactions and digital payments including direct transfer of government benefits.

Modi added that he understood that being a young nation, India needs to create job opportunities and better infrastructure, which are both linked with investments.

“Therefore, in recent years, there has been unprecedented focus on manufacturing and infrastructure,” he said.

Listing the achievements of his government, he said for the first time, India had become a net exporter of electricity, had installed transmission lines at an unprecedented pace and had doubled the speed of road construction with rural road connectivity now at 90 per cent.

Also Read: PM Narendra Modi to Unveil National Film Museum in Mumbai

“At 7.3 per cent, the average GDP growth, over the entire term of our government, has been the highest of any Indian government since 1991. At the same time,the rate of inflation at 4.6 per cent is the lowest for any Indian government since 1991, when India began its process of liberalisation,” he said.

Modi had conceptualised the summit as Gujarat Chief Minister in 2003 to position the state as an ideal investment destination after the 2002 riots. (IANS)