April 26, 2024 14:59 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Justice MB Snehalatha takes oath as additional judge of Kerala High Court | NIA arrests key accused in pro-Khalistani attack on Indian Mission in London | Plea filed in Calcutta HC seeking action against Mamata Banerjee's 'judges purchased' remark | LS polls: 88 seats across 13 states, UTs going to polls tomorrow for phase 2; 1202 candidates in fray | 'Neither shocked nor surprised': Mallikarjun Kharge writes open letter to PM Modi over Congress manifesto row
Economic slowdown temporary, fundamentals are strong: Javadekar defends Modi govt. on 100 days

Economic slowdown temporary, fundamentals are strong: Javadekar defends Modi govt. on 100 days

India Blooms News Service | @indiablooms | 08 Sep 2019, 01:47 pm

New Delhi, Sep 8 (UNI) Describing the economic slowdown as a temporary phase due to some cyclic reasons, Information and Broadcasting Minister Prakash Javadekar on Sunday said the fundamentals of our economy are strong and we are sure that investment will increase, domestic demand will go up substantially.

Addressing a press conference here on the occasion of the completion of 100 days of Modi Government 2.0, the I&B Minister said during this period, the Government has taken historic and landmark decisions, both political and economic in the first 100 days.

“Abrogation of Article 370 and 35 A in Jammu and Kashmir was one of the major decisions of the Government which has paved the ways for the implementation of all provisions of Indian Constitution in whole J&K, thus, bringing the state into mainstream”, he said.

Amendment in UA (P)A Act, many decisions toward the realization of 5 trillion dollar economy, merger of Public Sector Banks (PSBs), additional credit expansion through PSBs, Infrastructure projects worth over Rs 100 lakh crore to be finalized are some bold initiatives and decisive action taken by the this Government , he further said.

He also said corporate law reforms has brought transparency in the business and one can get one’s company in only one day.

“ Major GST and Income Tax reforms have been initiated by the Government to reduced the physical interface and discretion”, the Minister said.

Referring to the 35 major Bills that were passed recently in the just concluded Parliament session, Mr Javadekar said this shows the Governmet’s commitment for good Governance and as of now in the last five years, around 1100 archaic laws have been abolished including 58 obsolete laws in last 100 days.

The Triple Talaq Bill could not be passed by the previous Government despite the Supreme Court’s order because of vote bank politics but this Government has taken a bold decision and brought and passed this Bill.

Mentioning about the other bold decisions, the I&B Minister said the Modi Government 2.0 has ensured social justice and empowerment of the all section of the society by introducing death penalty for sexual offence on Children in POCSO Act and also ensured pay parity under ‘the Code on Wages2019’ .

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.