Digital India

0 326

Soon a new mobile is going to be launched for the services, facilities and updates of government. Yes, this app will help you in getting all the news and updates along with the necessary information. According to the government official reports it will take three to four months and this app will be available for the common public with name “UMANG”

Although in the beginning of this app, few government services will be linked with this app but as per plan and format, many essential services will be provided through UMANG. First of all government  will link Adhar card service with this application and Adhar will be mandatory for all services to be used.

Skill development programs for students, farmers will be linked with this app along with some health related services and programs. According to an official report of the ministry of information technology, “ services which are being linked with Adhar, so all those services will be added in UMANG and will be available in the service of public.”

Benefits of “UMANG”

People who use many different applications for getting the facilities of government’s different departments and services, now will be relaxed by using only one app for all those things. One will be able to get the information about Central and state government along with the services of corporation.

Work flow will be increased and it will be proved a boon to government departments as this app will save lot of time of public along with officials.

Government officers said “ there will be no need of making different apps for different departments on the digital platform, now this one app will be enough to maintain the entire work of government which takes place for the public.

As per reports, our many government department are still far away from the concept of digital India. So this app will help them to get connected with the concept of digital India. Now UMANG will provide digital locker, Adhar and many more facilities online.

To establish and develop this app, the contract has given to the spice connect group’s spice digital. 2019 is will be the expected time when this app will be able to provide the facilities of 200 different apps. Government payment gateway Paygov and Adhar will be connected with UMANG.

 

 

What is National Savings Certificate (NSC)?

 

National Savings Certificate or NSC is an investment option introduced by the Government of India in order to motivate individuals to indulge saving habits and channelize in the correct direction. NSC is issued via Post Offices as this agency makes it accessible to the common people. The sum total created through these deposits is utilized for the country’s growth and development.

 

Who can buy NSC?

 

  • Any individual whether singly or jointly along with other adult can buy NSC
  • A guardian or parent on his or her minor’s behalf can buy NSC

 

Who are not eligible to buy NSC?

 

  • Hindu Undivided Families (HUF’s) as well as Trusts cannot invest in NSC
  • Non-Resident Indians (NRI’s) are also not eligible to buy NSC. On the other hand, if an individual was an Indian Resident while buying NSC and becomes an NRI during maturity period, then he or she is eligible to hold this certificate till its maturity

 

Where to buy NSC?

 

  • NSC’s are certificates that are issued by the Department of Post, Govt of India and are accessible at almost all the post offices of the country. The Certificate may be relocated from the post office to the other post office provided you make an application in approved format at any of the two offices.

 

The payments for purchasing of NSC can be done to the P.O. in any one of the following modes mentioned underneath:

 

  • Cash
  • By putting forward an application for fund withdrawal from the P.O. Savings Bank Account
  • Cheque, Demand Draft or Pay Order drawn in goodwill of the Postmaster
  • By giving away an old matured certificate, thereby stating at the back of the certificate given away ‘Received payment through issue of fresh certificate, vide application attached
  • The Postmaster must issue new Certificate of NSC on that spot if possible or must issue provisional receipt to the buyer, which may later on be exchanged with NSC at the time of issue.

 

Types of NSC and their Rate of interest

 

National Saving Certificates or NSC offers a very good return on investments. There are currently two types of NSC available.

 

These are NSC VIII issue and NSC IX issue.

 

  • While the NSC VIII issue offers 8.50% of interest, investors get a hefty 8.80% of interest with NSC IX issue.
  • With NSC VIII issue, the maturity value of certificate of Rs 100 will be Rs 151.62 after 5 years.
  • With NSC IX issue, the maturity value of certificate of Rs 100 will be Rs 234. 35 after 10 years.
  • It is important to note that in case of NSC the interest is compounded half-yearly and therefore interest is reinvested.

 

Various Kinds of NSC

 

Three types of NSC certificates are there which are mentioned below:

 

  1. Single holder Kind Certificate: This NSC is subjected to the holder himself / herself or maybe on minor’s behalf
  2. Joint A Kind Certificate: This NSC is issued subjected for 2 adults and allocated to both holders mutually
  3. Joint B Kind Certificate: This NSC is subjected jointly for 2 adults and allocated to either of them

0 943

As Prime Minister Narendra Modi delivered his second Independence Day speech, IndiaSpend and FactChecker reviewed the implementation of key pronouncements he made in his first Independence Day speech on August 15, 2014:

  • Pradhan Mantri Jan Dhan Yojana

 

By this scheme more than 174 million people have their bank accounts but 46 percent have no money

What Modi said: “I wish to connect the poorest citizens of the country with the facility of bank accounts through this yojana. There are millions of families who have mobile phones but no bank accounts. We have to change this scenario.”

 

  • Saansad Adarsh Gram Yojna (MP’s Ideal Village Programme)

 

A trend of adopting the village by MPs appeared in MODI’s Government. Success or failure will be apparent by 2016

 

What Modi said: “Each of our MPs should make one village of his or her constituency a Model Village by 2016. After 2016, select two more villages for this purpose, before we go for the general elections in 2019.”

 

What happened:

Most of the MPs ignored this scheme started by Modi. Still in Uttar Prdesh there is no change. Although one village of uttar prdesh adopted by congress Vice President Rahul Gandhi.

Success or failure will be apparent by 2016, Modi’s deadline to create the model villages he spoke about in 2014.

 

  • Separate toilets in all government schools

 

According to Modi’s slogan “Beti bchao beti pdhao” the bjp government seems to work for girls of india. Modi gave the concept of seprate toilets for girls in government schools.

 

What Modi said

“All schools in the country should have toilets with separate toilets for girls. This target should be finished within one year with the help of state governments and on the next 15th August, we should be in a firm position to announce that there is no school in India without separate toilets for boys and girls.”

 

What happened:

Only 27 percent of toilets for boys and 31 percent for girls had water, according to the mission document of the Swachh Vidhyalya (Clean Schools) scheme.

                                        

Ten-year moratorium on communal clashes:

 

Riots continue on the name of religion in india from the start and aslo during the UPA government.

What Modi said:

“I appeal to all those people that whether it is the poison of casteism, communalism, regionalism, discrimination on social and economic basis, all these are obstacles in our way forward. Let`s resolve for once in our hearts, let`s put a moratorium on all such activities for ten years, we shall march ahead to a society which will be free from all such tensions. Let`s experiment it for once.”

 

  • Launch of Make in India and Foreign Direct Investment (FDI)

 

Concept of FDI Successfully launched and 29% rise in FDI has promoted.

 

What Modi said: “I want to appeal to all the people world over, from the ramparts of the Red Fort, “Come, make in India”, “Come, manufacture in India”. Sell in any country of the world but manufacture here.”

 

 

God gave life to nature and human. Each and every birth of life brings happiness in surroundings then it may be mankind or environment. Child is a boon of God and only some are blessed with it. Then a child either a boy or girl should be welcomed with a happy heart. India is a land of traditions, customs and rituals.

It’s a religious nation which believes in Lakshmi – the goddess of wealth, Saraswati- goddess of education and Durga- the killer of evil. In India where one side a girl child is considered as a form of Goddess Lakshmi but on the other side it is considered as a bane to society. There is a misconception in people that a girl is a liability to the family. When we worship a goddess with high respect and devotion but on the other side it is ill treated and exploited just for being a girl.

 

Times have changed, we have moved into a new era, where we have achieved and developed in a long way. But one of the thing that remains the same or close to truth, is the way daughters are looked down upon in the society. Women are always considered to be inferior to men. The girl child is considered to be a burden. She is always looked down upon, while the son of the house is considered to be the treasure. She is even many times deprived of basic child needs.

 

Why the girl child is denied of the fundamental right of taking birth through female feticide. In India ten million women were killed in past twenty years and still the quantity is increasing. As regards to the status of girl child- it is believed that each year 12million girls are born within the country and solely 1/3rd of them survive. Some are killed in the womb, some at the time of birth, some die owing to health problem and a few owing to poor nutrition provided. Only some survive until their 15th birthday.

A girl has to face many challenges in her life starting from her birth if she get through female feticide, she has to bear the pointing fingers of society which are always ready to degrade her moral. She has to listen the scolding of her family and near one’s for one or other reason. Sometimes she suffers from child marriage. Then next she may have to sacrifice her studies due to low income of family.

Dowry may be another cause for exploitation against women. Dowry custom has been a curse for India. Now it poses a challenge which seems difficult to meet. It has proved to be a greatest curse for the poor classes of India. Sometimes the girls commit suicide when their in-laws persecute them to bring more and more money from their parents. Sometimes the greedy husbands along with their parents also kill their wives, when they are not given huge dowry.

 

Today we are in 21st century; girls are progressing in each and every field. We have so many examples where women have proved that if given an opportunity they are no less than any men. Kalpna Chawla, Saina Mirza, Siana Nehwal, Mary Kom, Pratibha Patil, Aishwarya Rai, P.T Usha, Kiran Bedi and list is endless which have proved their iron in their respective arenas. Girls are equally talented and if compared in many fields much better, superior and well ahead of men. The modern world nowadays is proud to acknowledge the equality that has been acknowledged between age, gender, and race. Women are treated equally with men. Now they’re freer and are liberated from their ancient roles as housewives, and area unit following their hopes and dreams. However in some places thousands of females are dehumanized by whoredom and therefore the trafficking of girls and youngsters. It exploits and violates the rights of girls within the developing world. Sexual exploitation, which incorporates sex commercial enterprise, bride trade, temporary marriages, and sexual violence like rape, incest, and sexual harassment, has escalated throughout the twenty first century and has become a huge concern.

 

It has been rightly said that the condition of a nation can be judged by looking at the status of its woman. God could not be everywhere so he created women to play their different roles then it may be mother, sister, daughter, wife or a friend. She holds multiple avatars.  She is the highly adorable form of Girl Child. Respect her and love her that is what just she needs from you. Many people think Girl Child is a boon or blessing to them and many still think that she is a curse. But they have proved that they are equal in every sphere of life and have reached the skies of success. Today is the time we should raise our voice against the evils occurring to the girl child from female feticide to sexual harassment and contribute our little to save a girl child. And make her feel that she is a boon and not a curse.

 

 

 

Minister of finance Arun Jaitley presented the primary full-year Budget of Prime Minister Narendra Modi’s government on Sabbatum.

Here are the highlights of the Union Budget 2015:

Fiscal deficit:

* financial deficit seen at three.9 per cent of GDP in 2015/16

* can meet the difficult financial target of four.1 per cent of GDP

* stay committed to meeting medium term financial deficit target of three per cent of GDP

* accounting deficit below one.3 per cent of GDP

* Jaitley says need to keep financial discipline in mind despite want for higher investment

Growth:

* GDP growth seen at between eight per cent and eight.5 per cent y/y

* Aiming whole number rate, possible presently

Inflation:

* Expects shopper inflation to stay near five per cent by March, gap area for additional financial policy easing

* financial policy framework agreement with the run clearly states objective of keeping inflation below half dozen per cent

* “One of the achievements of my government has been to beat inflation. This decline in my read represents a structural shift.”

Revenues:

* Revenue deficit seen at two.8 per cent of GDP

* Non government income seen at Rs two.21 trillion

* Agricultural incomes are underneath stress

Disinvestment:

* Government targets Rs 410 billion from stake sales in firms

* Total stake sale in 2015/16 seen at Rs 695 billion

Market reforms:

* Propose to merge commodities regulator with SEBI

* To bring a replacement bankruptcy code

* Jaitley says can move to amend the run act this year, and supply for a financial policy committee

* to line up debt management agency

* Proposes to introduce a public contract resolution of disputes bill

* to ascertain Associate in Nursing autonomous bank board bureau to enhance management of public sector banks

Policy reforms:

* To enact a comprehensive new law on black cash

* Propose to make a universal social insurance system for all Indians

* To launch a national skills mission presently to boost employability of rural youth

* to lift visa-on-arrival facility to a hundred and fifty countries from forty three

* Allocates Rs 346.99 billion for rural employment guarantee theme

Borrowing:

* Gross market borrowing seen at Rs half dozen trillion

* web market borrowing seen at Rs four.56 trillion

General anti-avoidance rules (GAAR)

* Government defers rollout of anti-tax shunning rules GAAR by 2 years

* GAAR to use prospectively from April one, 2017

* Retrospective tax provisions are going to be avoided

Taxation:

* To get rid of wealth tax

* Replaces wealth tax with extra two per cent surcharge on super wealthy

* Proposes to chop to twenty five per cent company tax over next four years

* company tax of thirty per cent is noncompetitive

* web gain from tax proposals seen at Rs a hundred and fifty.68 billion

* Jaitley proposes modification of permanent institution norms so the mere presence of a fund manager in Bharat wouldn’t represent a permanent institution of the offshore fund, leading to adverse tax consequences.

* Proposes to rationalise capital gains tax regime for land investment trusts

* Expects to implement merchandise and services tax by April 2016

* to cut back custom duty on twenty two things

* Basic custom duty on industrial vehicle doubled to twenty per cent

* Proposes to extend service rate and education cess to fourteen per cent from twelve.36 per cent

* Plans to introduce tax regime that’s internationally competitive on rates while not exemptions

* Exemptions for individual tax payers to continue

* To enact robust penalties for nonpayment in new bill

* Tax department to clarify indirect transfer of assets and dividend paid by foreign corporations

Infrastructure:

* Investment in infrastructure can go up by Rs 700 billion in 2015/16 over last year

* Plans to line up national investment infrastructure fund

* Proposes nontaxable infrastructure bonds for comes in roads, rail and irrigation comes

* Proposes five “ultra mega” power comes for four,000MW each

* Second unit of Kudankulam atomic power station to be commissioned

* can ought to build extra a hundred,000km of road

* Ports publically sector are going to be inspired to corporatize underneath firms Act

Expenditure:

* arrange expenditure calculable at regarding Rs four.65 trillion

* Non-plan expenditure seen at regarding Rs thirteen.12 trillion

* Allocates Rs two.46 trillion for defense defrayment

* Allocates Rs 331.5 billion for health sector

* If revenue improves, hope to lift budgeted allocations for rural job theme by Rs fifty billion

Investment:

* Propose to try to away with differing kinds of foreign investment caps and replace them with composite caps

* to permit foreign investment in various investment

* Public investment required to catalyze investment

Gold:

* To develop a sovereign gold bond

* To introduce gold proof theme to permit depositors to earn interest

* To introduce Indian-made gold coin to cut back demand for foreign gold coins

Subsidies:

* Food grant seen at Rs one.24 trillion

* fertilizer grant seen at Rs 729.69 billion

* Fuel grant seen at Rs three hundred billion

* we tend to are committed to grant rationalization supported cutting leakages

Finance minister’s comments:

* “We familial a sentiment of doom and gloom. The investment community had virtually written US off. We’ve come back an extended method since then.”

* “We have gyrated the economy, dramatically restoring economics stability and making the conditions for property economic condition elimination, job creation, sturdy whole number economic process.”

* “While being aware of the challenges … this provides US reason to feel optimistic.”

* “Domestic and international investors ar seeing US with revived interest and hope.”

 

The budget has not made any single smile on a common man face. But, it is still beneficial for high ends corporate industries. We should hope PM govt. is planning for something good for common man too by some other means as they have promise

For the attraction of foreign investors to Rajasthan, Chief Minister Vasundhara Raje is planning to visit Japan from 9 to 13 of this month. The main focus of the visit will be discussion of the new projects related to power and energy.  Vasundhara Raje’s flagship initiation “Resurgent Rajashthan-2015” main big ticket is “overseas investment”.

Indian government has carried out energy flow study with the two big organization of Japan; Japan International Cooperative Agency (JICA) and Industrial Technology Development Organization (NEDO) and presently studying about grid stabilization study – information shared by senior officials.

Officials said- “our energy department is daily interacting and willing to interact with NEDO to accelerate the same, which will include way forward for implementation and completion of the programme.”

Many big projects are in queue to be implemented by the PHE and the water resources department. A department main plan is to implement projects like Indira Gandhi Nehar Project – Nagaur and City water distribution system of Jaipur with the help of Japan International Cooperative Agency (JICA).

More projects like transportation of water supply for river Chambal at Dholpur to Alwar are in queue after this project. The project “water supply from river Chambal” will cover the entire water supply for Delhi Mumbai Industrial Corridor (DMIC).

Though studies for this projects is going on but the project will be initially start in the coming months. There more projects which are to be introduced like “Inter Basin Linking” projects of river Brahmni to Bisalpur and creating parallel canals for Parvati Kalisindhi River. Studies are going on for all the above projects.

Vasundhara Raje’s other aim for the visit will be the discussion over the high end projects like Delhi Mumbai Industrial Corridor (DMIC) and Golf Course Facility. This discussion will include the third phase construction of DMIC and the first and second phase construction of Golf Course Facility.

CM mains focus over the Japan visit is to introduce the Japan investor for the Golf Course in Neemrana near Jaipur city. CM wanted that this development should look like a Japanese Township. Another reason for development in Neemrana is that other Japanese investors are also focusing on this specific area and it will be a hub for the development of the Japanese Township.

“Experience of Japanese investor to setup a township in Neemrana is very good and they will dig out a lot more” said by Gajendra Singh Khinvsar, Industry Minister. “Japanese investors are looking for more opportunities similar to Neemrana development all over India. DMIC is one of the big focuses for these investors”- words also added by the Industry Ministry Gajendra Singh Khinvsar.

Rajasthan’s Chief Minister  Vasundhara Raje a big light from the Japanese investor for state Rajasthan especially areas touching the Delhi NCR and the DMIC region. Raje said “I see a great perspective of investment by Japan over India which includes not only Rajasthan in fact there are more list of regions, states which are being noticed by the Japanese investor to develop”.  There is hope that this visit of Vasundhara Raje named as Resurgent Rajasthan should get inked in November this year which will be a great boon to Rajasthan State.

Swacch Bharat  Abhiyan is a national level movement by Government of India. It was launched by Hon’ble Prime Minister of India, Shri Narendra Modi, he himself cleaned a road. Mission was official launched on October 2, 2014 at Rajghat, New Delhi. Mission originally focuses on the clean India by cleaning the streets, roads and infrastructure of the country. The basic things are considered in focus like, eradication of open defection, translation of unhygienic toilets to pour flush toilets, collection and scientific treatment/disposal recycle/reuse of Municipal Solid Waste, to strengthen urban local bodies to design, execute and operate systems, to create enabling environment for private sector participation in Capital Expenditure and Operation & Maintenance (O&M) costs.

This mission also aims at bringing the behavioral change in the people regarding sanitation practices and what is its linkage with the public health. Once this behavioral change comes in action it will be like a huge change that will help keeping the country clean.

The Prime Minister of India, nominated nine famous personalities for this campaign, and they took up the challenge. Nine nominated personalities in-turn will also nominate 9 more people formatting a network like structure and this will go on. Shri Modi Ji, selected 9 notable public figures to propagate this campaign and they are: Shir Anil Ambani, Baba Ramdev, Shri Kama Hassan, Mridula Sinha, Ms Priyanka Chopra, Shri Sachin Tendulkar, Shri Salman Khan and Shri Shashi Tharoor. On October 2, Shri Anil Ambani, an Indian industrialist and a participant in this event, told in a statement –  I am honored to be invited by our respected Prime Minister Shri Narendrabhai Modi to join the “Swachh Bharat Abhiyan” I dedicate myself to this movement and will invite nine other leading Indians to join me in the “Clean India” campaign.

Government would be launching a Nationwide Real Time Monitoring system for toilets constructed under the Swachh Bharat Abhiyan. With this system government aims to attain 100% Open Defecation Free India by 2019.

There are few draw backs in the implementation of the system like corruption, irresponsibility and political score. Poorest Indians could not get the toilets, latrines etc because of these. The political score here is that every time the government changes it changes the name of the scheme but the problem of the delivery of toilets, latrines etc. remain as it is. This time we can hope it is going last for long, the nomination process keeps on going with large number of places being cleaned. The private sector participants play a good role in Capital Expenditure and Operation & Maintenance (O&M).

The official website on Swacch Bharat is http://swachhbharat.mygov.in/ here people can get the information on it along with nominees. This campaign aims to accomplish the vision of ‘Clean India’ by October 2, 2019, 150th birthday of Mahatma Gandhi Ji Father of the Nation and is expected to cost over Rs 62000 crore. The fund sharing between the Central Government and the State Government/ Urban Local Bodies (ULBs) is 75%:25% (90%:10% for North Eastern and special category states) the campaign was described as “beyond politics” and “inspired by patriotism”.

 

About 100 corporate party courted by celebrities. Among those joining the party of T Nita Agarwal Lamba icon Jasmeet of Technology, Kapil Kumaria Corporate Alliance, the Inter Globe Anil Parashar.

Also, Bank of India, Rediff, hannibal, Spice Jet, Global International, Bnbbaryir, Starhud hotels, Delfai many CEOs and senior executives, including the BJP courted.

Subscribe to corporate leaders, the party chairman Amit Shah to give not only the BJP but the country will be even stronger. During the greater number of these people

Creation of employment opportunities in the country and pledged to employ youth.

Amit Shah Modi government claimed that the country has gone 8-month tenure. Government of India’s skills, including digital India and make policies and programs in India have begun to take shape and it will come out best.

He said that in the corporate world should support these plans. Their collaboration will accelerate the development of the country.

The party’s youth wing president Anurag Thakur and secretary Shrikant Sharma were also present. Thakur said that a new class of society today is having a party and decided to deal with the thousands of people who join the party. He said the country needs an industrial revolution and corporate leaders will be his witness.

Prime Minister Narendra Modi and US President Barack Obama addressed the nation in a program with the mind by opening the two leaders kept secrets of the heart. From the beginning of the program of his address, Prime Minister Modi.

In which he explained the significance of Barack word. Means by which the blessings Barack Swail language. I have an enormous gift with the name of Barak, who has his family.

Barack Obama’s speech to the Modi invited. Significantly, the Prime Minister Modi program often referred to as the American president Barack.

Barack Obama began his address by Hello. He then referred to the Indian culture in his address to the nation, Mahatma Gandhi.

Obama said the country where you can hear me great honor for me. We are a country with a great culture of both worlds. There are two new thinking economy. Add each other as rough. Obama said the American Indians are like a bridge between the two countries.

He said, praising Modi to strengthen ties between the two countries Modi am impressed by the efforts of law. They empower women, power and commendable efforts are being made in education.

US seeks India’s help in these areas. He said that education, employment, health and justice, I have taken steps to order. There are many issues which are common to both countries.

He said that there is nothing greater than service to humanity. These values to be associated with peace, security and prosperity of the whole world can come. Obama answers a series of questions began after the speech.

Few questions and their answers.

The first questions :-is how to let their daughters go out and experience of India. If you buy something from them.

Answer: The first thing that you must tell it was very excited to come to India. But because the school program could not have come here. Daughter are examinations. So he could not leave. They are greatly influenced by the culture of India.

India’s freedom struggle is about to hear what I told him, as he had come here quite Utavlin. I go back and tell them that India is the way it was told them. Next time I will definitely will bring them here. My team bought some stuff for them.

Q: (Modi) has introduced what you plan to Beti Bachao he sought the help of Obama.

Answer daughters situation in India is not very good. The murder rate is much higher female embryo. So together we are striving towards. I ask for help or ask for Obama in this regard, but it is an inspiration for his own life. They have two daughters who are very well brought up. His life is like for us inspiration.

 

Q: (Obama) Your wife Michelle Obama diseases like obesity and diabetes are doing enough in terms of dealing with this problem in India is very large. What came to India after his term ends in this direction will do.

Answer: I am proud of the efforts of Mitchell. The world is plagued by the problem of obesity. Many places are very young children might suffer. This is fast food and lack of exercise. In this direction will be working closely with other countries, including India. Modi ji before I Ibola and effective measures to fight polio is discussed. Modi ji admirable efforts in the health sector. And these are examples for others.

Question: Have you ever thought that the two of you ever become today.

Answer: We are both born in ordinary families. Our education is almost the same. We took advantage of our countries the extraordinary possibilities. That inspires us something that no one could ever here.

Answer (Modi), I had never even imagined it. But the one thing that would not look anything ever dream of becoming. If you do something dreams. Just do not be a dream and then get disappointed. But if you see something dreams will get satisfaction.

 

The Indo-US CEO Forum meeting, which was held on Monday at the Hotel Taj Palace in New Delhi, highlighted trade and economic issues, including totalisation pact and impediments hampering investments.

The meeting assumed significance in the light of Prime Minister Narendra Modi’s ‘Make-in-India’ initiative, which seeks to make the country a hub for global manufacturing, design and innovation.

Here is how the event unfolded :-

-Next time I come to India, I would like to see that we have made more progress. Thank you: Obama concludes his speech.

-We need to make sure that economic growth in both the countries is inclusive and sustainable. Growth has to make people’s life better, says Obama.

– We have to cut red tape, make way for ease of business. We need to have a business environment that is more transparent, says Obama.

– Prime Minister Modi, I will like to thank you for your personal commitment for investment, says Obama.

– Two percent of American exports comes from India. We do a USD 100 billion trade with India every year. We have got to do better, says Obama.

– More trade and investment will benefit people of India and US. Fortunes of India and America are inextricably linked. A lot of Indians are investing in US, says Obama.

– India and US can grow and flourish together. In the last few years we have improved trade relation with you for more than 60 percent, says Obama.

– Thank you Prime Minister Modi for your invitation. After all those hours, I have figured that PM must be tired. But what’s another speech between two friends, says Obama.

-Good evening. Thank you very Much. Thank you very much for your warm welcome. Thank you CII, FICCI and Government of India, says Obama.

– US President Barack Obama begins his address.

– This morning America joined us to join us in celebrating our shared values. This evening we have come to a shared commitment towards our future. We will turn our commitments into concrete actions. Thank you to you all for coming from the US and all over India. Thank You all, concludes PM Modi.

– I offer an open environment for doing business in India. If we work together, we will achieve success, says the PM.

– Empowered and skilled youth will power India’s economic growth, says Modi.

– India sees the world as one family. We worked hard to usher in the green revolution, says PM.

– Everything we wish to do involves enterprise and investment and, above all, involvement and innovation, says Modi.

– The scale of our dream is vast. Therefore the opportunities we offer are immense. We speak of a revolution in our railways. It carries more people daily than the population of many countries in the world, says Modi.

– Growth in the core sector has increased sharply, inflation is at five-year low, says Modi.

– Our economic growth has increased by a percentage point. Today, business sentiments in India are biggest in the Asian market, Modi says.

– India has the energy of its youth, says Modi.

– We are conscious of our challenges but also inspired by many of our successes, says Modi.

– We are two nations blessed because of right inheritance. Vision and values are what that define India and US, says Modi.

– PM Modi addresses CEOs during the India-US Business Summit.

– Thank you all once again, Modi says.

– I want to stress upon three sectors: skill, scale and speed, says Modi.

– Investment in infrastructure is the first sector I see for growth of economy, says Modi.- I am confident that we will bring positive outcomes from our ‘Ease of Business’ initiative, says Modi.

– We can work on tourism sector. You have heard that Gujaratis are everywhere – “Hotel, Motel and Patel”. It should be done here as well, says Modi.

– India has tremendous scope for service sector, tourism is an untapped sector, says PM Modi.

– I believe most of the issues can be addressed with good governance and pro-people governance, says PM Modi.

– PM Narendra Modi addresses India-US CEO Forum meeting.

– Indian diaspora have created incredible companies, values all over the world, says US President Obama.

– Obama says, Incredible business talent exists in India.

– There is a natural convergence between the 2 countries, US President says.

– PM (Modi) and I are interested in smart regulation, says Obama.

– Possibility of US bilateral investment treaty will serve both countries well, the US President says.

– We want to see more trade & investment, it will benefit people of India and US, says Obama.

– The good news is that our (Indo-US) trade in the last few years has increased by 60 percent, President Obama says at Indo-US CEO Meet.

– I am excited that not only is the US investing in India but a lot of Indians are investing in the US, says Obama.

– PMO will monitor all big projects, says PM Narendra Modi.

– To boost purchasing power in India, need to improve economy and only way to improve is heavy investment in infra, agriculture, says PM Modi.

– Solution to all your problems is good governance – pro-people, good governance – is the only solution, says PM Narendra Modi.

– Ease of doing business initiative has been taken up by the government to make business easy, says PM Modi.

– Policy-driven state with consistency will solve many problems, says PM Narendra Modi.

– Issues that you have flagged is good for me to know, helps to know how investors feel about how govt should work, says PM Modi at Indo-US CEO meet.

– India-US Business Summit to start at 6.40 pm at the Hotel Taj Palace shortly just after the Indo-US CEO forum meeting concludes, say reports.

– India-US CEOs submit recommendations to PM Narendra Modi and President Barack Obama, tweeted Syed Akbaruddin, Official Spokesperson, Ministry of External Affairs, India.

– PM Narendra Modi, President Barack Obama reach Indo-US CEO forum. To interact with business leaders shortly.

– PM Modi, President Obama arrive at Hotel Taj Palace to attend the Indo-US CEO roundtable.

Minutes ahead of the meeting, HSBC chief Naina Lal Kidwai said that defence and renewable energy are big areas of opportunity. Nuclear sector will see private sector investment from US, she added.

“We need 6 lakh crore investment in the renewable energy sector. US can provide tech and financing for the sector. I believe investment will come from US in the nuclear sector. Companies will wait for the details of the deal before making any investment, ” she told a private news channel.

Commerce and Industry Minister Nirmala Sitharaman also attended the meeting.

Cyrus Mistry of Tata Sons and David M Cote from Honeywell were the co-chair of the high-profile meeting.

Several industry captains from Indian and the US attended the meeting.

Among those who participated in the meeting included Reliance Industries Chairman Mukesh Ambani, Bharti Enterprises chief Sunil Mittal, ICICI Bank MD & CEO Chanda Kochhar, Reliance Group Chairman Anil Ambani, Infosys CEO Vishal Sikka, Adani Group head Gautam Adani, Shashi Ruia, Chairman of Essar Group, Mahindra & Mahindra Chairman Anand Mahindra, Hari Bhartia, Co-chariman and and Director of Jubilant Life Sciences, Biocon Chairman and MD Kiran Mazumdar-Shaw and Sudhir Mehta of Torrent Pharma.

State Bank of India Chairman Arundhati Bhattacharya, Oil and Natural Gas Corp (ONGC) Chairman and Managing Director Dinesh K Sarraf and BHEL head B Prasada Rao too were part of the 17-member Forum.

The US team included Indira Nooyi of Pepsico, Harold McGraw, Chairman McGraw Hill Financial and Ajay Banga, CEO Mastercard.

Apart from the Forum, there was another meeting – the US-India Business Summit – where nearly 250 Indian business leaders will participate and meet their US counterpart. The US-India Business Council (USIBC) along with India’s Department of Industrial Policy & Promotion (DIPP), the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce & Industry (FICCI) have played a key role in organising this meeting.