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Prime Minister addresses CREDAI YouthCon-2019

Published By : Admin | February 13, 2019 | 20:08 IST
RERA has strengthened the trust between the customers and the real estate developers: PM Modi
Government is committed towards ensuring Ease of Doing Business in India: PM Modi
When a Government frames policies with the right intent, it results in the elimination of corruption and better outcomes: PM Modi

The Prime Minister, Shri Narendra Modi, today, addressed the CREDAI YouthCon-2019, at Talkatora Stadium, in New Delhi.

Addressing the gathering, Prime Minister said that work is progressing at a fast pace to ensure that every homeless person has a house by 2022. He said that around 1.5 crore houses has been built through PM Awas Yojana, out of which 15 lakh houses were built for the poor in urban areas. He added that under the present Union Government, there is transparency in the entire process. He mentioned that when a Government frames policies with the right intent, it will result in the elimination of corruption and better results.

The Prime Minister said that Real Estate Regulatory Authority (RERA) has strengthened the trust between the customers and the Real Estate Developers.  He said that RERA has been notified in 28 states. More than 35000 Real Estate Projects and 27000 Real estate agents have registered under RERA, and lakhs of flats are being built, PM said.

Speaking about quantum jump in Ease of Doing Business rankings in the past four years, Prime Minister said that Government is committed towards ensuring Ease of Doing Business in India. In this context, he mentioned that all Government permissions, including construction permits are being issued faster than before.

The Prime Minister talked about the tax reforms initiated by the Central Government to aid the housing industry and home buyers. He mentioned about the reduced GST rates for various construction items. He also spoke about the income tax benefits introduced for middle class in the recent Budget. He said that the cumulative effect of these initiatives will help the housing sector and the home buyers.

The Prime Minister complimented CREDAI for their contribution in fulfilling the dreams of ordinary citizens of owning a house. He said that the YouthCon is happening at a time when a ‘New India’ is being shaped. He said that youth of the nation has an important role to play in charting a New India.

Earlier, the Prime Minister visited the exhibition organized by CREDAI at Talkatora Satdium.

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The World This Week On India
December 31, 2024

India has been under the international spotlight this week, with significant developments in diplomacy, economic growth, technological advancement, and cultural recognition. From pivotal diplomatic visits to groundbreaking achievements in defense and technology, India’s story has been one of progress and influence on the world stage.

Diplomatic Triumphs

One of the focal points of this week was the achievements of PM Narendra Modi’s visit to Kuwait on Dec 21-22, the first bilateral prime ministerial visit to the Gulf nation in 43 years.
The world sees the visit PM Narendra Modi’s strategic move to strengthen ties in a region undergoing significant transitions. It not only closes a crucial gap in India’s diplomacy with the Gulf but also signals the nation’s proactive stance in navigating the complex geopolitics of West Asia.

Economic and Technological Advances

  • In the realm of finance and technology, India has made headlines by surpassing China to top the Asian IPO rankings. According to data from Dealogic for 2024, India is poised to become the world’s second-largest equity fundraising market, a testament to the robust investor confidence in the Indian market. This achievement reflects India’s economic resilience and growth potential.
  • India has also taken significant steps towards semiconductor self-reliance. The initiation of construction for semiconductor fabrication and packaging units marks a promising start in the nation’s quest to carve a niche in the global semiconductor industry. Read more about this here.
  • Additionally, India’s maritime sector is set for a transformation, with an investment of $10 billion over the next 25 years to make India one of the world’s top shipbuilding nations. This development not only aims at bolstering India’s maritime capabilities but also positions it as a key player in the global maritime industry.

Defense and Strategic Developments

  • India’s strides in defense technology have also been a topic of global conversation. The successful test of a hypersonic missile places India among an elite group of nations with such capabilities, enhancing its strategic posture in regional geopolitics. This advancement underlines India’s growing military prowess.
  • Adding to the narrative of self-reliance, Prime Minister Modi’s push for domestic production of defense equipment, including the K9 Vajra-T artillery platforms, has been highlighted. This initiative not only boosts the ‘Make in India’ campaign but also fortifies national security through indigenous innovation.

Cultural and Leadership Recognition

  • In the cultural sphere, the influence of Indian cinema was acknowledged with tributes to Shyam Benegal, an influential director known for his contributions to India’s ‘parallel cinema.’ Benegal’s work from the 1970s, which challenged mainstream Bollywood by focussing on social issues, has been celebrated, reflecting India’s rich cultural fabric on the international stage.

Religious Freedom and Vision for the Future

  • The discourse on India’s democratic ethos was enriched by statements from figures like Mary Millben, who praised India’s commitment to religious freedom as a hallmark of its democracy. Such endorsements bolster India’s image as a pluralistic society.
  • India’s goal of Viksit Bharat by 2047 as envisioned by PM Modi has received endorsement from Indermit Gill, chief economist at World Bank. Complementing PM Modi on his vision, Gill believes that India will see its prime potential over the next two decades. Read more about India’s future prospects here.

The week has painted a picture of India as a nation on the move, not just in terms of economic metrics but also in cultural, technological, and diplomatic arenas. The global coverage reflects a growing recognition of India’s multifaceted development and its increasing influence on the world stage.

From the Gulf’s diplomatic corridors to the cutting-edge labs of defense technology, from the boardrooms of American companies to the cultural dialogues of cinema, India’s story this week has been one of global engagement, innovation, and leadership.