Greatly impressed with Govt. of Gujarat’s flagship initiative of block level ranking and monitoring Developing Talukas based on NITI Aayog’s Aspirational Districts Programme is a key step in SD Glocalisation and balanced development driven by the States.Amitabh Kant – CEO, NITI AAYOG
SDGs ADP Pathbreaking !
Glad to share that in furtherance to orders of the Guwahati High Court, 736 houses have been removed from 1410 ha forest land in Lumding Reserve Forest in 5 days.Himanta Biswa Sarma – Chief Minister, Assam:
I appreciate people on giving heed to the request of the administration and vacating the land voluntarily.
Dr S Jaishankar – External Affairs Minister:
Pleased to meet US Congress Delegation led by Senator John Cornyn today in New Delhi.
A productive exchange of views on bilateral cooperation and regional issues, including Indo-Pacific and Afghanistan.
Kerala FM has today revealed some figures on taxes collected on petrol and diesel. If they are wrong, the Union FM must issue a rejoinderp chidambaram – former union finance minister
The numbers reveal that Rs 3,72,000 crore wad collected in 2020-21 as excise duty, cess and additional excise duty.
Of this huge sum, only Rs 18,000 was collected as basic excise duty and 41% of that amount was SHARED with the states The remaining amount of Rs 3,54,000 crore went to the Centre
This is the model of ‘co-operative federalism’ practised by the Modi government!
Besides, where and how and on what was this humongous amount of Rs 3,54,000 crore spent?
One part was used to fill the hole created by reducing corporate taxes and giving the corporates a bonanza of Rs 1,45,000 crore
Prime Minister’s Office:
Prime Minister Shri Narendra Modi launched two innovative customer centric initiatives of RBI
Retail Direct Scheme and
The Reserve Bank – Integrated Ombudsman Scheme.
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman and the Governor of the Reserve Bank of India Shri Shaktikanta Das were also present at the event.
Addressing the event, the Prime Minister praised the Finance Ministry and institutions like RBI for their efforts during the pandemic.
“This period of Amrit Mahotsav, this decade of the 21st century is very important for the development of the country. In such a situation, the role of RBI is also very big. I am confident that Team RBI will live up to the expectations of the country”, the Prime Minister said.
Referring to the two schemes that have been launched today, the Prime Minister said that these schemes will expand the scope of investment in the country and make access to capital markets easier, more secure for investors.
Retail direct scheme has given small investors in the country a simple and safe medium of investment in government securities.
Similarly, One Nation, One Ombudsman System has taken shape in the banking sector with the Integrated Ombudsman Scheme today, he said.
The Prime Minister emphasized the citizen centric nature of these schemes. He said that one of the biggest touchstones of any democracy is the strength of its grievance redressal system. The Integrated Ombudsman Scheme will go a long way in that direction.
Similarly, the Retail Direct Scheme will give strength to the inclusion of everyone in the economy as it will bring in the middle class, employees, small businessmen and senior citizens with their small savings directly and securely in government securities. As Government securities have the provision of guaranteed settlement, this gives assurance of safety to the small investor, he said.
The Prime Minister said that in the last 7 years, NPAs were identified with transparency, the focus was on resolution and recovery, Public Sector Banks were recapitalized, one after the other reforms were carried out in the financial system and public sector banks.
He added, to further strengthen the banking sector, cooperative banks were also brought under the purview of RBI. Due to this the governance of these banks is also improving and the trust in this system is getting stronger among the depositors, he added.
The Prime Minister said in the past few years, in the country’s banking sector reforms ranging from inclusion in the financial sector to technological integration have been carried out.
“We have seen their strength in this difficult time of Covid. The decisions of the RBI also helped in increasing the impact of the big decisions that the government has taken in recent times”, he said.
The Prime Minister said till 6-7 years ago, banking, pension and insurance, used to be like an exclusive club in India. All these facilities were not accessible to the common citizens in the country, poor families, farmers, small traders-businessmen, women, dalits-deprived-backward, etc.
Criticizing the earlier system, the Prime Minister said those who had the responsibility of taking these facilities to the poor never paid any attention to it. Rather, various excuses were made for not changing. It was said that there is no bank branch, no staff, no internet, no awareness, no idea what the arguments were, he lamented.
The Prime Minister said UPI has made India the world’s leading country in terms of digital transactions in a very short span of time. In just 7 years, India has jumped 19 times in terms of digital transactions. Today our banking system is operational 24 hours, 7 days and 12 months anytime, anywhere in the country, Shri Modi stressed.
The Prime Minister said we have to keep the needs of the citizens of the country at the center and keep on strengthening the trust of the investors.
“I am confident that RBI will continue to strengthen India’s new identity as a sensitive and investor-friendly destination”. The Prime Minister concluded.
Pic Credit: BJP India
P Chidambaram – Former Union Finance Minister:
MEA said that China is in “illegal occupation” of Indian territory and India will not accept “unjustified Chinese claims”
Within hours, the Chief of Defence Staff (CDS) said that the Chinese “have not transgressed anywhere on our perception of the LAC” and they are “well within their side of the LAC”
The Chinese are laughing all the way from their Plenum to the 20th Congress of the Communist party.
It is time for the Defence Minister to draw a LAC in the Defence Ministry and ask the CDS to remain well within his side of the LAC.
The countdown is underway to the India International Trade Fair beginning 14th November 2021.PIYUSH GOYAL – Union Minister
A brand new exhibition complex at Pragati Maidan will showcase a New India highlighting:
Vocal For Local
At 11 AM two innovative customer centric initiatives of RBI would be launched.PM NARENDRA MODI
They are: RBI Retail Direct Scheme. Reserve Bank – Integrated Ombudsman Scheme.
These schemes will benefit several of our citizens.
Prime Minister’s Office:
Prime Minister Shri Narendra Modi will launch two innovative customer centric initiatives of the Reserve Bank of India on 12 November, 2021 at 11 AM via video conferencing.
These initiatives are the RBI Retail Direct Scheme and the Reserve Bank – Integrated Ombudsman Scheme.
The RBI Retail Direct Scheme is aimed at enhancing access to government securities market for retail investors. It offers them a new avenue for directly investing in securities issued by the Government of India and the State Governments. Investors will be able to easily open and maintain their government securities account online with the RBI, free of cost.
The Reserve Bank – Integrated Ombudsman Scheme aims to further improve the grievance redress mechanism for resolving customer complaints against entities regulated by RBI.
The central theme of the scheme is based on ‘One Nation-One Ombudsman’ with one portal, one email and one address for the customers to lodge their complaints.
There will be a single point of reference for customers to file their complaints, submit the documents, track status and provide feedback.
A multi-lingual toll-free number will provide all relevant information on grievance redress and assistance for filing complaints.
Union Finance Minister and RBI Governor will also attend the event.
In faith you can transcend the laws of nature, but it needs to be pure:
Pic Credit: Sri Sri