Friday October 19, 2018
Home India Fulfilling Am...

Fulfilling Ambedkar’s vision of inclusive India: PM Modi

0
//
98
Ambedakr
Ambedkar
Republish
Reprint

New Delhi: Prime Minister Narendra Modi said on Sunday that his government was doing everything to fulfil BR Ambedkar’s dreams of “creating a prosperous and inclusive India”.

“Our government is leaving no stone unturned to fulfil the vision and dreams of Ambedkar to create a prosperous and inclusive India,” he said while paying tributes to Baba Saheb on his 60th death anniversary.

He also released two commemorative coins on the occasion which are of the 10-rupee and 125-rupee denomination.

“Honoured to release commemorative coins on Ambedkar. It is because of great men like Babasaheb that India scaled heights of progress,” Modi said.

“He will always be remembered as an original and profound thinker. His views on inclusiveness and harmony continue to inspire us.

“We are aware of Ambedkar’s contributions towards social justice but Babasaheb’s thoughts on economic issues are equally enlightening.”

He also said that Dalit leader’s vision on women empowerment, federalism and economy had their relevance today.

“The more we recall Ambedkar’s thought in the context of issues currently faced by India, the more we come to respect his vision and his approach to inclusiveness.”

Modi said Baba Saheb and the constitution of India should always be discussed and talked about.

Finance Minister Arun Jaitley was present on the occasion. President Pranab Mukherjee also paid homage to the iconic leader. The government has announced that it will have a year-long celebration of the 125th birth anniversary of Baba Saheb.

(IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

The Answer to The Impending Questions On Demonetization Are Here

While it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

0
crop loan
Indian Currency. Pixabay

Nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash came back into the financial system, Resever Bank of India  has announced, indicating the move did little to slow the underground economy.

Prime Minister of India, Narendra Modi’s currency decree, which was designed to destroy the value of billions of dollars in untaxed cash stockpiles, caused an economic slowdown and months of financial chaos for tens of millions of people or demonetization.

Modi announced in a November 2016 TV address that all 500-rupee and 1,000-rupee notes, then worth about $7.50 and $15, would be withdrawn immediately from circulation. The banned notes could be deposited into bank accounts but the government also said it would investigate deposits over 250,000 rupees, or about $3,700. The government eventually released new currency notes worth 500 and 2,000 rupees.

 

demonetization
An activist of Congress party hold the banned 500 and 1000 rupee notes.

 

In theory, the decree meant corrupt politicians and businesspeople would suddenly find themselves sitting on billions of dollars in worthless currency, known here as “black money.”

“A few people are spreading corruption for their own benefit,” Modi said in the surprise nighttime speech announcement of the order. “There is a time when you realize that you have to bring some change in society, and this is our time.”

But even as the decree caused turmoil for those in India who have always depended on cash — the poor and middle class, and millions of small traders — the rich found ways around the currency switch. In the months after the decree, businesspeople said that even large amounts of banned currency notes could be traded on the black market, though middlemen charged heavy fees.

demonetization
Prime Minister Narendra Modi along with mayor, flickr

The reserve bank of India report said in its Wednesday report that 99.3 percent of the $217 billion in notes withdrawn from circulation had come back into the economy. Some officials had originally predicted that number could be as low as 60 percent.

Also Read: Diverse Gathering To Be Addressed This World BioFuel Day: PM Narendra Modi

“Frankly, I think demonetization was a mistake,” said Gurcharan Das, a writer and the former head of Proctor & Gamble in India. He said that while it did broaden the country’s tax base, it was a nightmare for the immense, cash-dependent informal economy.

“You can’t overnight change that in a country which is poor and illiterate. Therefore, for me it’s not only an economic failure but a moral failure as well,” Das said. (VOA)