Prime Minister Narendra Modi opened his heart and told the challenges he had to face while taking over the reins of power from the UPA government. He accused former Finance Minister P Chidambaram of putting an incorrect statement of finances of the government in his budget. Modi didn’t play politics with those numbers as the country could not afford to “multiply the distress”.
PM blamed the traditional matrix of measuring jobs which were insufficient to measure new jobs in the new economy of New India. Hailing the farmers’ welfare programs of NDA as the ones which were helping them at every step, ‘beej se bazaar tak’, the Prime Minister reiterated his commitment to double farmers’ income. According to him a Four-Fold Strategy which included cutting input costs, raising prices of produce, ensuring minimum harvest and post-harvest losses and creating more avenues of income generation, had been put forward by the NDA to address the farm distress issue.
Narendra Modi while talking to the Swarajya magazine revealed that under an ‘economist’ Prime Minister and a ‘know-it-all’ finance minister in the UPA regime, country’s economic management had been ‘dismal’.The brunt of which the successive NDA government had to bear.When asked why didn’t he disclosed the details in 2014, Modi said that he chose to be driven by Rashtraneeti(putting interests of India first) rather than Rajneeti(Political interests).
He said that his government chose to sacrifice a political mileage that would have got if a white paper had been released putting the previous UPA regime in a deadlock. From the 2014’s fragile economy, India reached a revolutionary tax regime fuelled by GST which further enhanced India’s economy adding to that an all-time high foreign investment in India also nurtured the Indian economy.
See also:Congress’s idea of single rate for GST will not work out says PM Modi
Prime Minister while commenting about the job creation under the NDA regime, said that as per EPFO(Employment Provident Fund Organisation) payroll data more than 41 lakh formal jobs were created in India. More than 70 lakh jobs were created in the formal sector last year, said Modi.
He invited everyone’s attention to the 48 lakh newly registered enterprises and also to the 12 crore loans that had been given under the Mudra Yojana to the entrepreneurs.PM Narendra Modi emphasized on the one crore houses that had been constructed in the last one year and the unprecedented development in the roads, rails, airlines etc.
PM urged the private sector to increase the investment in agriculture and also ensured a Minimum Support Price (MSP) to farmers which was 1.5times the cost. Modi showed as an example how private investment could be used wisely in Public sectors by showcasing the Foreign Direct Investment(FDI) in the defense field and also exhorted to the private sectors to make likewise investments in the agricultural field too.
He hailed the Insolvency and Bankruptcy Code which made many businessmen lose their companies for failing to pay bank dues. Regarding the calling off of the sale of Air India, it was more due to the lack of response to the sale offer than due to failure in policy decision, said PM.
Modi’s version of ‘Minimum Government, Maximum Governance’ had the end objective of making the people’s lives hassle-free, often by removing the hindrances a government could create and to let people achieve their full potential.
Prime Minister also talked with Swarajya magazine’s Editorial Director R. Jagannathan and his colleagues on GST, its implementation and its virtues in the later part of the interview. The second part of the interview is scheduled to be published on July 3.
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