Modi Government good work

deposits under this flagship financial inclusion scheme have crossed Rs 42,000 crore-mark and the percentage of zero-balance accounts has fallen below 25 per cent. Since April, there has been an addition of about Rs 6,000 crore under the Prime Minister Jan Dhan Yojana (PMJDY). As many as 24.27 crore accounts have been opened under the scheme and the percentage of zero balance has come down to 24.43 per cent. "No target has been set for reduction of zero balance account, instead strategy is that these accounts are ready for DBT purpose and ensure that there are banking trails for various transactions Source:- PMJDY deposit on rise, crosses Rs 42,000-crore mark: Officials - The Economic Times

India is on the path of becoming a "pivot" for high-tech world manufacturing even as global manufacturing growth is expected to remain low in 2016 due to weakened financial support for productive activities, a new UN report said. The quarterly 'World Manufacturing Production report', published by the UN Industrial Development Organisation (UNIDO) said world manufacturing output is expected to increase by only 2.8 per cent in 2016. However, in contrast to recent years, there will be no breakout from the low-growth trap in 2016. According to the latest GDP data released in India, the manufacturing sector grew 9.1 per cent during April-June 2016, a slight decline from the 9.3 per cent clocked in January to March. Source:- India on path of becoming pivot for hi-tech manufacturing: UN - Times of India

India’s image as a tourist destination has improved considerably, Country has witnessed upto 40 percent growth in tourist footfall from countries which have been visited by Prime Minister Narendra Modi during his last two years in office. 144 investors from 70 companies have already confirmed their participation in the first-of-its-kind mega tourism summit — Incredible India Tourism Investors Summit — to be inaugurated by Finance Minister Arun Jaitley on September 21. Around 600 projects would be showcased during the summit. We expect to attract Rs 50,000 crore investment, 144 investors have already confirmed their participation in the event,” Sharma said. Source:- Domestic tourism expected to attract Rs 50,000 crore investment

Industrial Corridors About Rs 22,000 crore will be granted for industrial corridor to the state in the next two or three years. Irrigation Centre to bear 100% cost of Polavaram project 16000 crore around Creation of new capital of State An amount of Rs .2,500 crore has already been paid as support for creation of new capital of State of Andhra Pradesh and a balance of Rs.1,000 crore would be paid in due course. Package for backward areas An amount of Rs.1,050 crore has been disbursed as special package for backward areas and a further amount of Rs.1,050 crore would be paid in the coming years. Education A Petroleum University has already been established. The IIT has already been functioning from a transit campus and the main campus is being constructed. The National Institute of Technology has already been functioning since September 2015 in a temporary campus and its main campus is being constructed. The Indian Institute of Information Technology, Kurnool has alrea

The government demolished 331 houses at three villages in Kaziranga on Monday. Govt will carry out a similar drive in Mayong soon, Bangladeshi immigrants did not vacate even after the government had given them sufficient time. Source:- After Kaziranga, Mayong to drive out Bangladeshi immigrants

Source:- Led bulbs are reducing your electricity bills by more than rs. 8,000 cr every year #transformingindia

India has climbed 16 places to the 39th rank on the global competitiveness index prepared by the World Economic Forum, in a big boost to Prime Minister Narendra Modi government's reform initiatives. The World Economic Forum's global competitiveness index assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity. The jump of 16 places for India from last year's 55th place is the highest for any economy this year. India is also the second-most competitive among BRICS nations behind neighbouring China, which is ranked at the 28th position. This is the second year in a row India's ranking has jumped 16 spots in the index. For the eighth straight time, the list is topped by Switzerland as the most competitive economy. Singapore and the US are at the second and third positions, respectively. On the index, India has a score of 4.52 while that of Switzerland is 5.81. At the fourth spot is Netherland

Prime Minister Narendra Modi will inaugurate the Shaurya Samarak, the war memorial for martyred soldiers, in Bhopal, Madhya Pradesh, today. The first-of-its-kind memorial has been constructed by the state government in honor of those who laid down their lives in service to the nation. Spread in an area of 12.67 acre land, the 'Shaurya Smarak' is constructed at a cost of Rs 41 crore. According to the detailed plan, it will have light and sound facility to narrate stories of bravery of the nation's valiant soldiers, who have laid down their lives fighting enemies on the borders. Notably, efforts are made to amass valour and courage at the Shaurya Smarak. Pictures of wars from ancient time to modern period have been exhibited. Seventy photographs of wars after independence have been displayed at the Shaurya Smarak. Visitors will feel difficult situation of Siachen. Photographs of Supreme Commander of Defense Forces President of India and Chiefs of three forces are als

Since the Western nations’ sanction on Russia, Russia has been forced to pivot towards Asia — primarily India and China. It’s an opportune time for India to bargain and lap up some stake in Russian oilfields and to increase its stake of overseas energy fields. ONGC Videsh had already acquired a 15% stake in Rosneft’s JSC Vankorneft. Now, it has increased its stake to 23.9%. A consortium of Oil India Limited, Indian Oil Corporation Limited and Bharat Petro Resources Limited (BPRL) will acquire 23.9 percent stake in JSC Vankorneft and 29.9 percent stake in LLC Taas-Yuryakh from Rosneft Oil Company, the National Oil Company of Russian Federation. It will also provide an opportunity to Indian public sector Oil and Gas companies to absorb newer technologies with Rosneft and British Petroleum (BP). BP acquired 20% stake in Taas-Yuryakh from Rosneft last year. Read on: India to acquire stake in Russian oil fields, to invest US $3.2 billion - RTN.ASIA India imports 80% of its energy need

As much as Rs 65,250 crore of Black money was declared during the four-month compliance window of the Income Declaration Scheme+ that ended on September 30, We expect tax collection of Rs 30,000 crore from the IDS declarations.” 64,275 declarations+ were made in the four-month window and this figure could go up once all the declarations filed online and manually are compiled. The money declared totals Rs 65,250 crore, of which 45 per cent would accrue to the government as tax and penalty. The government had provided illegal income and asset holders a one-time opportunity to come clean by declaring their black money+ under the four-month window and pay 45 per cent tax and penalty. Reiterating that the one-time window was not an amnesty scheme like the 1997 one, Jaitley said the tax collected in the 1997 Voluntary Disclosure of Income Scheme (VDIS) was Rs 9,760 crore with an average declaration of Rs 7 lakh. Briefing reporters on the scheme, which was available from June 1 ti

The move is aimed at reducing red tape in the incorporation of businesses, which currently require up to 8 forms. The Narendra Modi-led BJP government marked Labour Day by making it easier to incorporate a new business. Starting today, entrepreneurs need only fill out one form to start a business, down from the eight they had to submit until now. The new form, called INC-29, will allow make compliance and reporting easier website of the Ministry of Corporate Affairs. Name availability, allotment of Director Identification Number (DIN), company incorporation and commencement of business will now be possible through a single form. The move is in keeping with Modi’s public avowal to improve India’s global ease of doing business ranking. The red tape that businesses faces while registering themselves, including at least 8 different forms for various permissions has been a pet peeve of entrepreneurs. Currently, even for a single-person company, the forms required include separate

Pro-Active Governance and Timely Implementation (pragati Portal) is turning out to be quite a help for the Modi government as it tries to speed up development schemes. PM personally involved, even state governments were complying with the deadline set for projects involving them. Every project or issue taken up at Pragati meetings comes with a deadline, which government agencies have to adhere to. Officials said that with the PM personally involved, even state governments were complying with the deadline set for projects involving them. Usually, towards the end of the month, on Wednesday afternoons, Modi focuses on the social sector and immediate challenges confronting states when he sits down in South Block and tries to remove hurdles with secretaries at the Centre and state chief secretaries through a video link There are projects such as the Nangal Dam-Talwara railway line, which has been pending since 1981-82, where the Punjab government has now been advised to speed up hand

The government plans to seal the international border with Pakistan, spread over 2,300 km, soon. Union home minister Rajnath Singh will discuss the proposal at a closed-door meeting in Jaisalmer on Friday with home ministers of Jammu and Kashmir, Punjab, Rajasthan and Gujarat. The Centre also plans to propose installing of radars, CCTV cameras, laser fences and motion sensors to fill the gaps on the international border. The aim is to set up round-the-clock surveillance using sophisticated technology and seal India’s western border to prevent any untoward incident. The aim is to funnel the movement of goods and people from across the border to 1-2 spots and shut down the others. Source:- http://economictimes.indiatimes.com/articleshow/54684840.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Riding on a robust performance of all its verticals, the Indian Railway Catering and Tourism Corporation (IRCTC) achieved a turnover of Rs. 1,506 crore in 2015-16 as compared to Rs.1,141 crore in 2014-15, registering a growth of 32 per cent. The Railways PSU's net profit was pegged at Rs. 189 crore during FY16 as against Rs. 131 crore a year earlier. The net worth of IRCTC during the fiscal was Rs. 542.07 crore while it was Rs. 444.25 crore in the previous financial year, as per the 17th Annual Report (2015-16) which was presented at the company's Annual General Meeting (AGM) held recently. Source:- IRCTC registers 32% growth

Chief Minister Vasundhara Raje launched the Lady Patrol wing from the Fateh Sagar Lake side inUdaipur city on Thursday. Smart lady cops dressed in crisp blue uniforms and helmets carrying glock pistols zoomed off on their task to patrol around the city streets on modified bikes equipped with double colored beacons, search lights, first aid boxes and other needed instruments. Impressed by the unique idea of Udaipur police, CM Raje announced that the initiative will be adopted in other cities too. Encouraging the lady cops to do their best, Raje said “ the public specially young girls, women and elderly persons will feel more secure finding women cops around them. Ladies can walk up without hesitation to share whenever they encounter any awkward situation like ease teasing or passing of lewd comments by onlookers”. IG Anand Srivastava, SP Rajendra Prasad Goyal, Additional SP Chandrasheel Thakur, Collector Rohit Gupta etc were present on the occasion.

Sweden is celebrating its tenth edition of The Sweden India Nobel Memorial Week 2016 in India between October 1 -7 with an eye on celebrating innovation which Alfred Nobel promoted and contributing to Modi government’s focus on creating innovation hub in this country. The Sweden India Nobel Memorial Week 2016 comprises a number of events ranging from seminars and panel discussions among well-known Indian and Swedish decision makers from government and business as well as academia, to competitions for student and cultural performances. These events are taking place across Indore, Pune, Bangalore, Hyderabad, Chennai, Mumbai, Ahmedabad, Bhubaneswar, Kolkata, Guwahati and New Delhi. Source:- Sweden promotes innovation through Make in India initiative - The Economic Times

Background: Maximum speed of coaching trains has increased up to 130 kmph/160 kmph, but the average speed is hovering around 45 kmph. Maximum speed of freight trains has increased up to 75 kmph/100 kmph, but the average speed is hovering around 24 kmph. Average coaching train speeds have declined by ~1 kmph in last 5 years. Average freight train speeds have declined by ~2 kmph in last 5 years. Progress and Road Map: A cross disciplinary, Mobility directorate has been set up in April 2016 to spearhead the mission. For a focused action, Golden Quadrilateral routes along with diagonals (Delhi – Mumbai, Delhi – Howrah, Howrah- Chennai, Chennai – Mumbai, Delhi – Chennai and Howrah – Mumbai) have been taken up for initial emphasis. These are the principal routes of the railways as they carry 58% of freight traffic and 52% of coaching traffic with a share of only 15% of the network. Multi-pronged strategy has been developed to overcome the existing impediments due to fixed infrastr

DISHA was launched by PM in Jharkhand in 2014. The programme offers two-hour, 10-hour and 20-hour courses in local languages. This will help in training the people. GOI launched a programme to invest Rs 450-500 crore on providing basic computer education to about 50 lakh people over the next three years with the help of private companies in 2014. The investment will be made under a project called Disha in certain identified districts. The computer literacy programme is critical for Prime Minister Narendra Modi’s pet project, Digital India , which hopes to bridge the digital divide in the country. The government will choose the districts where this programme will be run. One person would be chosen from every eligible household for training. The main objective of the programme is to declare the selected blocks and districts 100 per cent digitally literate. Computer literacy will be key to the success of the project through which the government hopes to connect 2.5 lakh gram pan