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Narendra Modi

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PM Modi Set to Inaugurate Five New AIIMS Across India in Major Healthcare Initiative

by theparliamentnews.com
written by theparliamentnews.com

In a significant move towards bolstering healthcare infrastructure, Prime Minister Narendra Modi is scheduled to dedicate five new All India Institute of Medical Sciences (AIIMS) facilities today. The AIIMS campuses, located in Rajkot, Bathinda, Mangalagiri, Raebareli, and Kalyani, mark a substantial development push ahead of the impending Lok Sabha elections in 2024.

AIIMS Kalyani:
The AIIMS unit in Kalyani, West Bengal, occupies an expansive area exceeding 20,000 square meters. Commencing its academic session on September 4, 2019, with an initial batch of 50 MBBS students, the campus has encountered controversy for allegedly operating without proper environmental clearance, as reported by Hindustan Times.

AIIMS Raebareli:
The Raebareli AIIMS campus had its Outpatient Department (OPD) partially operational since August 10, 2018, as approved under the Phase-II of Pradhan Mantri Sawasthya Suraksha Yojana in 2009 during the Congress-led UPA government.

AIIMS Mangalagiri:
Initiating its OPD facility on March 12, 2019, the Mangalagiri AIIMS campus in Andhra Pradesh commenced academic sessions from a newly constructed temporary campus at Vijayawada’s Government Siddhartha Medical College in 2018.

AIIMS Rajkot:
With the first academic batch commencing in 2020, the AIIMS Rajkot website highlights the institution’s commitment to medical education. PM Modi is set to address a rally at the Race Course ground in Rajkot after inaugurating the AIIMS facility.

AIIMS Bathinda:
Situated in Bathinda, Punjab, the AIIMS facility boasts 39 functional departments, reflecting a comprehensive approach to medical services and education.

The Prime Minister’s dedication of these AIIMS campuses underscores the government’s commitment to enhancing healthcare accessibility and quality across different regions of the country.

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BlogFeaturedIndia

₹1.25 Lakh Crore Allocated for World’s Largest Food Grain Storage Program

by theparliamentnews.com
written by theparliamentnews.com

New Delhi, India – In a significant move to bolster India’s agricultural infrastructure, Prime Minister Narendra Modi launched the world’s largest grain storage plan in the cooperative sector on Saturday. The ambitious scheme aims to create a storage capacity of 700 lakh tonnes over the next five years, with a substantial investment of ₹1.25 lakh crore. The initiative envisions the construction of thousands of warehouses and godowns across the country, benefitting farmers and transforming the agricultural landscape.

As part of the inauguration ceremony, PM Modi unveiled 11 godowns established by 11 primary agricultural credit societies (PACS) spread across 11 states. Additionally, he laid the foundation for the development of godowns and other agricultural infrastructure in 500 more PACS. The Prime Minister also inaugurated a comprehensive project for the computerization of 18,000 PACS nationwide, marking a pivotal step toward modernizing agricultural practices.

Addressing the gathering, PM Modi highlighted the historical neglect of storage infrastructure by previous governments, resulting in substantial losses for farmers. He underscored the government’s commitment to addressing this crucial issue through PACS and emphasized that the world’s largest food grain storage program would create a storage capacity of 700 lakh tonnes in the next five years, backed by an investment exceeding ₹1.25 lakh crore.

Farmers are expected to benefit significantly from this initiative as they will now have access to well-equipped godowns and warehouses, enabling them to store their produce, obtain institutional credit against it, and strategically sell their items when market prices are favorable.

PM Modi took the opportunity to critique past administrations for their lack of attention to this critical problem and commended the cooperative sector for spearheading the solution. He encouraged cooperative organizations to actively contribute to reducing the import dependence of essential food items, including edible oils, pulses, and fertilizers. Modi suggested that cooperatives compile a list of imported items and develop a strategic plan to enhance local production or manufacturing.

In his concluding remarks, PM Modi emphasized the need to reduce fuel imports and highlighted the government’s significant efforts in ethanol production. He urged cooperatives to play a pivotal role in realizing this vision and contributing to India’s self-reliance in key sectors.

The launch of this expansive grain storage scheme marks a significant milestone in India’s journey toward agricultural modernization and self-sufficiency, showcasing the government’s commitment to empowering farmers and fostering sustainable agricultural practices.

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India’s Economic Journey: A Remarkable Ascent Towards Global Prominence

by theparliamentnews.com
written by theparliamentnews.com

New Delhi: In a promising trajectory, India is set to become the world’s third-largest economy by 2027, surpassing economic powerhouses like Japan and Germany, according to a recent report by Jefferies, a leading global investment banking company. The report highlights India’s anticipated GDP reaching $5 trillion in the next four years, signaling significant economic growth on the horizon.

Jefferies emphasizes that India’s economic landscape is evolving into a formidable $10 trillion market by 2030, making it an irresistible prospect for global investors. Over the past decade, India has made a substantial leap from being the ninth-largest economy to securing the fifth position, boasting a nominal GDP of $3.4 trillion. On a purchasing power parity (PPP) basis, India already holds the prestigious title of the world’s third-largest economy, with a GDP of $13.2 trillion.

Despite facing challenges posed by major reforms such as the Goods and Services Tax (GST), bankruptcy law, Real Estate Regulation Act (RERA), and demonetization, India’s GDP has displayed resilience, consistently expanding. Jefferies acknowledges the short-term impacts of these reforms but underlines their positive long-term implications for the economy.

The report underscores India’s projected growth rate of 6% over the next five years, positioning the country as an outlier in a global landscape where many large economies are grappling with declining growth rates. Jefferies predicts that India will rapidly ascend to the third spot in the world’s GDP rankings by the end of this decade.

Jefferies’ optimism extends to the Indian equity markets, anticipating them to deliver robust 8%-10% dollar returns over the next five to seven years. The structural shift of savings towards equities and the potential listing of large unicorns in India are identified as key drivers that could propel the country’s market cap beyond $10 trillion by 2030.

While India currently holds the fifth-largest market cap globally, its eighth-ranking in the Bloomberg World Index, with a weight of 2.0%, presents significant opportunities for foreign investors. Jefferies believes that increasing investment in the world’s fastest-growing country is not only feasible but advantageous. A rise in the country’s weight in global funds makes Indian stocks an attractive proposition for a diverse set of equity investors.

As India continues its economic ascent, Jefferies emphasizes the potential for foreign investors to actively engage in and benefit from the unfolding chapters of India’s growth story. The country’s journey toward global economic prominence is not just a statistic; it’s a compelling narrative of resilience, reform, and remarkable progress.

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BlogBusinessFeatured

Master Your Finances with the 50/30/20 Rule: A Simple Guide to Balanced Budgeting

by theparliamentnews.com
written by theparliamentnews.com

Many individuals grapple with financial management, often succumbing to impulsive spending without a clear strategy in place. This behavior can lead to significant financial strain, hindering progress towards achieving financial objectives. However, there exists a straightforward guideline that can instill balance and discipline into your spending habits: the 50/30/20 rule.

This budgeting principle divides your post-tax income into three distinct categories: needs, wants, and savings or debt repayment. Here’s a breakdown of how it operates:

  1. Allocate 50% for Needs: Half of your income should be earmarked for essential expenses that are unavoidable. This encompasses housing, groceries, healthcare, transportation, and other fundamental necessities.
  2. Reserve 30% for Wants: Thirty percent of your budget is designated for discretionary spending on things that bring enjoyment but aren’t essential. This may include dining out, entertainment, non-essential shopping, subscriptions, and hobbies.
  3. Dedicate 20% to Savings and Debt Repayment: The remaining portion of your income should be directed towards bolstering savings, investments, and settling outstanding debts. This encompasses establishing an emergency fund, saving for retirement, and reducing credit card balances or loans.

The appeal of the 50/30/20 rule lies in its simplicity and effectiveness in managing finances. It facilitates a harmonious balance between meeting immediate needs, enjoying life, and planning for the future. Furthermore, it encourages living within one’s means and mitigates the risks associated with reckless spending.

It’s crucial to recognize that while this rule serves as a guideline, it’s not a rigid mandate. Depending on individual circumstances, adjustments to the percentages may be necessary to better align with your financial situation. For instance, individuals residing in high-cost areas or those with lower incomes may need to allocate more than 50% of their earnings towards needs. The key is to utilize the rule as a foundational framework and adapt it as required to suit your unique financial circumstances.

The 50/30/20 rule proves to be a potent tool for financial management. By categorizing income into needs, wants, and savings, it empowers individuals to exercise control over their expenditures, mitigate financial stress, and progress towards financial objectives. If you’re grappling with financial management, consider implementing the 50/30/20 rule—it could be the solution you’ve been seeking.

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Historic Day for Uttar Pradesh: PM Modi’s Visit Marks a New Chapter in State Development

by theparliamentnews.com
written by theparliamentnews.com

Prime Minister Narendra Modi is set to embark on a day-long visit to Uttar Pradesh, where he will lay the foundation stone for the Shri Kalki Dham Temple in Sambhal district. The inauguration ceremony is organized by the Shri Kalki Dham Nirman Trust, led by Chairman Acharya Pramod Krishnam, who was recently expelled from the Congress party for alleged “anti-party remarks.”

The announcement of PM Modi’s visit and participation in the temple’s foundation-laying ceremony was made through an official statement. The event is scheduled for Monday, with the Prime Minister expected to arrive at around 10:25 am. During the ceremony, PM Modi will personally place the main stone in the sanctum sanctorum of Shri Kalki Dham.

Acharya Pramod Krishnam expressed pride in hosting PM Modi for the temple’s foundation, stating, “It is a matter of pride for us that Prime Minister Narendra Modi will be laying the foundation of Shri Kalki Dham today.” The inauguration, set for 10:30 am, is anticipated to witness the presence of numerous saints, religious leaders, and other dignitaries.

The temple project, led by Shri Kalki Dham Nirman Trust, has garnered attention due to the expulsion of its chairman, Acharya Pramod Krishnam, from the Congress party. His expulsion came shortly after a meeting with PM Modi, during which he extended an invitation to the Prime Minister to inaugurate the temple.

In addition to the temple inauguration, PM Modi is expected to inaugurate 14,000 projects collectively valued at over ₹10 lakh crore during the fourth ground-breaking ceremony. These projects, stemming from investment proposals received during the UP Global Investors Summit 2023, span diverse sectors such as manufacturing, renewable energy, information technology (IT), food processing, housing, real estate, hospitality, entertainment, and education.

The ceremony, set to take place around 1:45 pm, will attract approximately 5,000 participants, including industrialists, delegates from leading global and Indian companies, ambassadors, high commissioners, and other distinguished guests. PM Modi’s visit and the series of inaugurations underscore the government’s commitment to promoting economic growth and development in Uttar Pradesh.

The Shri Kalki Dham Temple and the accompanying projects inauguration mark significant milestones, blending cultural and economic endeavors in Uttar Pradesh, contributing to the state’s progress and development

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UAE Lights Up for India’s Spiritual Triumph. PM Modi inaugurated the BAPS Swaminarayan temple in Abu Dhabi.

by theparliamentnews.com
written by theparliamentnews.com

A historic moment of cultural significance, Prime Minister Narendra Modi inaugurated the first-ever BAPS Swaminarayan Mandir in Abu Dhabi, marking a monumental chapter in the diplomatic and cultural ties between India and the United Arab Emirates (UAE). The inauguration ceremony witnessed an outpouring of enthusiasm from devotees and dignitaries, further strengthening the bonds of friendship between the two nations.

Lights of Faith:

The BAPS Hindu temple inauguration ceremony, held at Abu Dhabi, saw a sea of devotees converging to witness the auspicious event. The grandeur of the occasion was accentuated by the radiant lights adorning the temple, symbolizing the spirit of unity and shared cultural values.

Scientific Marvel Amidst Spirituality:

Beyond its religious significance, the BAPS temple stands as a scientific marvel, boasting 300 sensors strategically placed within its premises. The intricate construction involved 1,800,000 bricks, 6,89,512 man-hours, and the opulence of 40,000 cubic feet of marble and 1,80,000 cubic feet of sandstone, making it a blend of spiritual sanctity and architectural brilliance.

Global Celebrities Attend:

The inauguration ceremony witnessed the presence of Bollywood superstar Akshay Kumar, adding a touch of glamour to the spiritual affair. The actor arrived at the BAPS Hindu Temple ahead of the inauguration, reflecting the global attention and significance of the event.

Sheikh Hamdan Extends Warm Welcome:

The iconic Burj Khalifa in Dubai lit up with the words ‘Guest of Honor – Republic of India’ ahead of PM Modi’s address at the World Government Summit. Dubai’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum extended a warm welcome to PM Modi, emphasizing the robust ties between the two nations.

Symbolic Elements of Unity:

The BAPS temple in Abu Dhabi carries symbolic elements of the UAE, with seven spires representing the seven emirates, carvings of camels, and the national bird falcon. Built at a cost of approximately ₹700 crore, the temple stands as a testament to the flourishing partnership between India and the UAE.

Diplomatic Triumphs:

PM Modi’s visit to the UAE has not only been marked by the inauguration of the BAPS temple but also by significant diplomatic achievements. The signing of 10 pacts for collaboration, including an investment treaty, demonstrates the commitment to fostering economic and strategic ties between the two nations.

Prime Minister’s Address at World Governments Summit:

Prior to the temple inauguration, PM Modi addressed the World Governments Summit in Dubai, emphasizing the need for inclusive governance and the creation of global prototypes for emerging challenges like AI, cryptocurrency, and cybercrime.

UAE-India Collaboration:

The strategic collaboration between India and the UAE was further solidified with the signing of agreements in key sectors such as energy, infrastructure, investments, and the management of archives. The bilateral investment treaty signed is poised to boost economic cooperation between the two nations.

Conclusion:

As Prime Minister Modi basks in the success of inaugurating the BAPS Hindu Mandir in Abu Dhabi, the event not only marks a milestone in religious history but also underscores the flourishing partnership and shared values between India and the UAE on the global stage.

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BlogEducation & TechFeaturedIndiaScience

Hon. Minister Dharmendra Pradhan Inaugurates 52nd New Delhi World Book Fair, Emphasizing India’s Linguistic Diversity and Literary Richness

by theparliamentnews.com
written by theparliamentnews.com

New Delhi, February 10, 2024: The 52nd edition of the New Delhi World Book Fair (NDWBF) commenced today with Hon. Minister Dharmendra Pradhan officiating the opening ceremony. Celebrating India’s vibrant linguistic diversity and rich literary traditions, NDWBF 2024 promises to be a captivating fusion of literature, cultural expressions, and knowledge exchange.

Returning to the esteemed Pragati Maidan venue from February 10 to 18, 2024, the fair is jointly organized by the National Book Trust and the India Trade Promotion Organisation (ITPO). This year’s theme, ‘Multilingual India: A Living Tradition,’ underscores the country’s dynamic linguistic landscape. Doors are open to visitors daily from 11 am to 8 pm.

In a gesture to encourage participation, entry is complimentary for schoolchildren in uniform, senior citizens, and persons with disabilities. For other attendees, ticket prices are set at Rs 20 for adults and Rs 10 for children.

A notable highlight of NDWBF 2024 is the presence of Saudi Arabia as the guest of honor, with 25 delegates showcasing their literary heritage across 2000-plus stalls. Dr. Abdullatif Al-Wasel, publishing general manager of the Saudi Literature, Publishing, and Translation Commission, expressed the significance of this participation in bolstering bilateral ties, especially following Crown Prince Mohammed bin Salman’s visit to New Delhi in 2019 and subsequent cultural agreements.

Additionally, the Sahitya Akademi has curated a series of programs focusing on India’s indigenous languages. From February 11 to 17, distinguished speakers representing Punjabi, Hindi, Urdu, Assamese, Maithili, Santhali, and Sindhi will share their insights and experiences at Lekhak Manch (Hall 2) and Bal Mandap (Hall 3) of Pragati Maidan.

As a cornerstone event in the publishing world for the past five decades, NDWBF continues to draw international acclaim. The 2024 edition, housed in newly constructed Halls 1-5 at Pragati Maidan, reaffirms its status as a vital platform for literary exchange and cultural dialogue.

Organized by the National Book Trust, India, under the Ministry of Education, Government of India, and co-hosted by ITPO under the Ministry of Industry and Commerce, NDWBF 2024 promises to be a stimulating celebration of literature and learning for all attendees.

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In an Era of Challenges and Aspirations, PM Modi Declares: This is India’s Time

by theparliamentnews.com
written by theparliamentnews.com

An influential address at the Times Global Business Summit in New Delhi, Prime Minister Narendra Modi declared that the world’s trust in India is on a continuous upswing, asserting that this is India’s time to shine. He highlighted the remarkable transformation witnessed in the country over the last decade, a sentiment echoed by global experts and leaders. PM Modi emphasized that the unprecedented enthusiasm towards India, as observed in forums like Davos, signifies a level of trust never witnessed before.

PM Modi emphasized the government’s commitment to completing projects in a time-bound manner, making it a hallmark of their governance. He outlined India’s unique position in addressing 20th-century challenges while simultaneously fulfilling the aspirations of the 21st century.

Asserting a pivotal moment in India’s development journey, PM Modi stated that the current circumstances are favorable for the country to strengthen itself for centuries to come. He outlined the government’s policy pillars as stability, consistency, and continuity.

Addressing the recent Interim Budget, the Prime Minister highlighted the widespread praise from both media and economic experts. He emphasized that the budget, often described as non-populist, aligns with the government’s vision for sustainable growth and development.

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BlogFeaturedIndiaIndia Parliament

Extended Budget Session: Parliament to Witness White Paper on Pre and Post-2014 Economic Conditions. See what’s more

by theparliamentnews.com
written by theparliamentnews.com

In a fiery session of the Parliament Budget Session, Prime Minister Narendra Modi took the floor to respond to the Motion of Thanks to the President’s Address in Rajya Sabha. Unleashing a barrage of criticisms, Modi accused the Congress of compromising national security and creating divisive narratives.

The Prime Minister didn’t hold back, directly addressing the Congress party’s past governance and alleging land concessions to adversaries. He further accused the Congress of attempting to sow a “north-south divide” in the nation. Modi’s sharp remarks also targeted Congress leader Mallikarjun Kharge’s ‘400 paar’ speech and referenced Mamata Banerjee’s prediction of a meager seat count for Congress in the upcoming Lok Sabha elections.

Earlier, Modi had presented his reply in the Lok Sabha on Monday, expressing confidence that the NDA, led by the BJP, would secure over 400 seats, with the BJP alone claiming 370.

The Parliament’s Budget Session has been extended until February 10, facilitating the presentation of a White Paper to compare the state of the Indian economy before and after 2014.

In recent legislative actions, the Rajya Sabha passed the Constitution (Scheduled Tribes) Order (Amendment) Bill, 2024, and the Constitution (Scheduled Castes and Scheduled Tribes) Orders (Amendment) Bill, 2024. Simultaneously, the Lok Sabha approved a bill addressing malpractices in competitive exams, introducing stringent penalties, including a maximum jail term of 10 years and fines up to ₹1 crore.

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Inclusive Growth in Action: PM Modi Empowers Goa with 1330 Crore Development Injection

by theparliamentnews.com
written by theparliamentnews.com

In a groundbreaking initiative towards propelling Goa into a beacon of progress, Prime Minister Narendra Modi inaugurated and laid the foundation stone for a series of development projects, collectively valued at over 1330 crore rupees. This momentous occasion took place under the banner of ‘Viksit Bharat, Viksit Goa 2047,’ where the Prime Minister championed a holistic approach to infrastructure development.

The unveiled projects span diverse sectors, including education, sports, water treatment, waste management, and tourism. Prime Minister Modi, while addressing the public, emphasized the importance of inclusive growth encapsulated in the mantra of ‘Sabka Saath, Sabka Vikas.’ He lauded the social diversity of Goa, noting how people from different societies and religions have coexisted harmoniously for generations.

A significant highlight of the event was the distribution of appointment orders to 1930 new government recruits across various departments, facilitated by a Rozgar Mela. Additionally, the Prime Minister handed over sanction letters to beneficiaries of various welfare schemes, reinforcing the commitment to inclusive development.

PM Modi commended the governance model of the Goa Government, attributing its success to ‘Swayampurna Goa.’ He acknowledged the positive outcomes of the Viksit Bharat Sankalp Yatra, where over 30 thousand Goans reaped various benefits, reflecting the collective spirit of progress.

The Prime Minister inaugurated the permanent campus of the National Institute of Technology and the new campus of the National Institute of Watersports, marking key advancements in education and water-related activities.

Furthermore, the foundation stone was laid for a Passenger Ropeway connecting Panaji and Reis Magos, accompanied by associated tourism activities. This visionary project aims to enhance connectivity and tourism infrastructure, contributing to Goa’s overall economic and cultural prosperity.

Earlier in the day, PM Modi inaugurated the 2nd edition of India Energy Week in Goa, reinforcing the government’s commitment to sustainable and inclusive development. The event witnessed the presence of Governor P S Sreedharan Pillai, Chief Minister Pramod Sawant, Union Minister of State for Tourism and Ports, Shipping, and Waterways Shripad Yesso Naik, along with other dignitaries.

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