Look Who it Was Random video

अर्थव्यवस्था पर पीएम मोदी ने दिया जवाब, लोगों को निराशा फैलाकर अच्छी नींद आती है !!

2,353 views · Published 4 October 2017 · 1:24 · Indexed 1 November 2026

Channel: Daily Trending News · 2017 · News & Politics

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PM Narendra Modi on Wednesday addressed the state of the economy at the Golden Jubilee celebrations of the Institute of Company Secretaries of India. He lashed out at the previous UPA government and answered critics on GST and demonetisation. Here are the highlights of his address:

* "Registration of 2.10 lakh companies out of 3 lakh suspicious firms identified post note ban has been cancelled."
* "This is the time of a big transformation, the importance of honest and transparent governance is being realized."
* "I will not let the present problems jeopardize the future of the country."
* "Fundamentals of Indian economy are strong; reform process will continue keeping financial stability in mind"
* "The government understands the value of your hard-earned money, our policies are focused at bettering the lives of the poor and middle class."
* "Demonetistaion was a great success. It has reduced cash to GDP ratio to 9%. Before November 8, 2016 it was 12%."
* "I have told the GST council to review the problems being faced by traders and we are willing to make changes as per the suggestions."
* "GDP growth dipped to 5.7% or below eight times during UPA regime when nation was faced with high inflation, CAD and fiscal deficit."

Prime Minister Narendra Modi today refuted criticism of his government's handling of the economy, stating a "handful of people" are trying to spread a contagion of pessimism based on the slowdown of the last economic quarter, when growth slowed to 5.7 per cent, the lowest in three years.

The Prime Minister said GDP growth during the previous Congress-led UPA regime was below 5.7 per cent eight times. "There were quarters when growth was 0.2 per cent, 1.5 per cent," he said. That decline, he said, was more dangerous for the economy, because in those years India was battling "higher inflation, higher current account deficit and higher fiscal deficit".

"There are some people who sleep well only after they spread a feeling of pessimism. We need to recognise such people," said PM Modi, who was addressing company secretaries from all over the country.
 
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