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2 days ago PM Narender Modi said, “before 2 years everyone was living under the atmosphere of Despondency and sombreness. Now it is the time of delight and gratification”.

Country wants development, youngsters want growth.  Only development is the key of all problems. Rest all speak for the vote bank. Modi contented that very soon he will provide the electricity to the villages of Uttar Pradesh. Poor people of India now connected with banks because of “Prdhanmantri Jan-Dhan Yojna” it will help them in future.

Modi added these words in his speech during the “Vikas Rally” at Saharanpur.

Few steps taken by Modi’s government and lines from his speech-

Modi said “youngsters happily and dedicatedly accepted the “Swachhta Abhiyan” and even a little kid of India is now aware of this. The Swachhta Abhiyan is not for upper class people, it is basically for the poor one. Poor people are not able to afford the expenses of treatment, due to all this they stop working and it makes so many difficulties in their lives. That is why we took a step of “Swachhta Abhiyan”

By an instance Modi asked to our doctors “ give the free treatment to a woman who is pregnant and comes to hospitals on the date of 9th of any month. Because in our country it is quite usual the pregnant women die due to no or costly treatment”.

The age of retirement of our doctors will be exceeded to 65 years; central cabinet is going to pass this very soon.

 

In his speech, Modi said “they are trying to make the economy of this country stronger than before. In prior time financial graph of central govt was 65% and state govt was 35% but now they are trying to give the 65% to state government so that they can build the state more better. It will give the strength to the economy of the states of our country.

Modi govt made a scheme of giving 2 lakh crores to the Gram Panchayats. 80 lakhs to 1 crore rupees our panchayats are getting every year from the central government.The main motive of these projects and schemes is the development of our villages. It will make a change which will be helpful to remove the poverty from our country.

Pm said that he is serving the nation and he is here to give the entire report of 2 years of his working.

 

Modi said “the government made the resolution to make the earning of our farmers double than before till 2022, and it is not only a slogan, we took this project in our hands and we will achieve its success very soon.

Pm added in his speech “ more than 1 crore people have given up their gas subsidies. Gas connections has been provided to 3 crore people in previous year by government and it will be exceeded by 5 crores in coming years. This is such a huge decision which hasn’t taken by any other government is past 50 years.

 

PM Narendra Modi landed at Iran with a gilded welcome, where he met Iran President Hasan Ruhani and discussed about trading, investments and energy related topics. Both the leaders had a meeting  for sharing their thoughts about furthers tactics of business issues and trading of both countries.

Pm after that had a conversation with deputation and signed a deal about the development of Chabahar port on southern coast of Iran, aluminium smelter plant establishment and a setting up a railway line.

PM Modi expressed his happiness by saying “all the agreements signed by both the countries will take a new start in our fateful partnership”. Pm also said that both the countries has contributed and exchanged their thoughts about the growing situations of religion and global issues.

Pm Modi also said that India and Iran will discuss about the issues of terrorism, drugs, trafficking and cyber-crime etc on the regular basis and find the solutions to face these problems.

 

What is Chabhar

Chabahar is the sea port identified in southern coast of Iran. The thing of its significance, it is the only sea port of Iran which is directly connected to ocean. The port’s establishment has done by India in 1990 to provide the access to Afghanistan and central aisa.

Why Modi’s Iran Visit is Crucial

PM Modi is now on Iran’s Visit. This visit is going to be most crucial in the terms of hope that Chabhar Deal will bring huge advantages to the country. Infact this deal is going to be helpful for 3 Countries, India, Afganistan and Iran. And it could help India stand against its rival countries like Pakistan and China.  the Chabahar port will help India bypass Pakistan and transport goods directly to Afghanistan and central Asia. India now will not be depended on the permission of Pakistan for compelting the transportation tasks towards Afghanistan through wagha boarder.

Chabahar will help New Delhi’s efforts to engage with Kabul directly both strategically and economically.

Important Points of Chabahar deal

  1. India will invest billions in the trade zone of Iran. In the joint press conference attended by Indian PM and Iranian President, the Iranian President Hassan Ruhani mentioned in his words “Chabahar is going to be the emblem of the co-operation between India and Iran.”
  2. Chabahar can be the bridge and a way of connectivity between India, Afghanistan and other countries. By participating in the speaking terms, pm narendra Modi also said “the friendship between India and Iran is not new; this is the oldest like history.
  3. Chabahar port on southern coast of Iran can plays a vital role in the strategic policies of India. Chabahar project will be the first foreign effort for the Indian mass territory port. Till today, Jawahar lal Nehru port is the biggest container port of India which has 60% of contribution in Indian global ports. Although kandla port has remain 40%.

 

Inside Cover Story

Modi is the first Prime Minister of India in past 15 years who had a bilateral visit of Iran. Iranian President Hassan Ruhani welcomed Indian Prime Minister Narendra Modi in the Courtyard of sadabad palace. Army band played the national anthems of India and Iran. After that Modi looked up the guard of honor.

PM Modi came to Iran for two days and he will try to make a strong bond between the India and Iran, also we will try to find some more new opportunity in trading and business for growing the more benefits for both the countries, Gadkari added.

After that he mentioned in his words “Iran has natural gas and power with very low cost and Indian companies want to establish the units of aluminum smelter and urea plants of 50 lakhs tones. We spend almost 45000 crore rupees on urea subsidies and if we manufacture it in the Chabahar free trade zone and transport it to kandla port then it will come out with the  same benefits.

At this occasion the Indian shipping minister Nitin Gadkari, who also presented in Tehran said “Chabahr and kandela port has less distance than Delhi to Mumbai. So this agreement will help us to transfer goods to Iran and then it will help to send the goods to afanistan through new road and railway lines.”

 

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Relations of India and Rouse are satisfactory in every kind of matter from the independence of India as pandit jawahar lal Nehru also visited rouse with Indira Gandhi in 1955.

Russian politicians are interested to make a good relations with India from the time of Indian independence. Time to time india was also served by Russian communist party and mr.khurshew.

After that in 1955 Russian Prime Minister Bulganin and khurshew came India. This visit made a history in a good relations of India and rouse. Result of that hot a name of “favored nation treaty” which was the consideration of importance given by both the countries to each other.

Both countries have good relations every matter although it was a nuclear of space research etc. India did not sign this much deals with any other country then rouse either it is about technology, space research or nuclear deal etc.

After the visit of japan, rouse visit of modi was so proven successful for relation of both countries. Indian Prime Minister Narendra modi and Russian Prime Minister Putin has signed 16 deals for the growth of both countries.

226 commove helicopter manufacturing is also included in this list of deals. This deal is a part of process of make in India. Both countries committed to establish 12 nuclear units and 2 nuclear reactor units of Russian design with the contribution of Indian companies.

Both countries considered that the peaceful use of nuclear energy will be the reason of good relations of both countries. Both countries took a step to increase business of 10billion dollars to 30 billion dollars.

Along with that prime ministers of both countries talked about the matter of terrorism and said that whole world should take a step together to finish the terrorism.

Putin also praised Indian steps of being a member of United States defense committee. Modi vested 33 countries included a successful journey of rouse and japan with the matter of bullet train in India.

With all that all countries not only able to make good relations for business, but also they can fight against terrorism.

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During the period of one year of government modi specially focused on the foreign policies. In June 2015, Indian PM Narender Modi visited Bangladesh. It was the 20th foreign visit of Indian Prime Minister Narender Modi.

22 agreements made on different issues. The main agreement was related to the land boundary agreement to settle India’s 41-year-old border issue with Bangladesh.

Few considerable dots of this agreement are-

  • 111 villages of India will be added in Bangladesh.
  • 51 village of Bangladesh will b acquired by India.
  • Bangladesh will get 17000 Acers land.

This agreement signed by Indian PM Narender Modi and Bangladeshi PM Sheikh Haseena on Saturday.

Hence the border issue settled by both countries but still there are many thing occurring o=about security, land, and problems of citizens of India and Bangladesh too.

In any case, after India left the British Empire in 1947, problems began for the enclave’s citizens.

For example, citizens of a Bangladeshi enclave would technically need a visa to enter the country surrounding the enclave (India) — but to get the visa they would have to go to a major city in Bangladesh, which they could not do without illegally crossing through India. Before Saturday, even going to the market could be problematic.

One of the enclaves, Dahala Khagrabari, was the only third-order enclave in the world, meaning it was an Indian enclave, surrounded by a Bangladeshi enclave, surrounded by an Indian enclave in Bangladesh.


In a press conference PM Narender Modi said-

“I am deeply honoured to visit Bangladesh.” “First Bangladesh visit a special moment for me”

  “There is an emotional bond between bangladesh and india”

PM said to resolve the “Teesta river water sharing Issue”

On the same place PM of Bangladesh Shekh Hseena said “we cannot forget the contribution of India at the time of freedom of Bangladesh”

But here we have to focus on many considerable points. The Post notes that the resolved dispute is a major source of fear and anger to some. For most citizens, the land swap means abandoning the land that has been their home for generations or changing their nationality.

Most will stay in their homes, but about 1,000 Indians have decided to keep their nationality, meaning they will have to move out by November

Recently, The Indian Parliament passed a constitution amendment bill, a way for operationalsing the 1974 India-Bangladesh Land Boundary Agreement that provides for the exchange of 161 enclaves.

Modi tweeted that “strengthen the bond between our nations, benefiting people of our countries and our region”- it would before the visit, but swapping the land and own houses by citizen will make some disturbance on both sides the border.

Opposition Bangladesh Nationalist Party chairperson Khaleda Ziaalso met PM Narender Modi at Modi’s Bangladesh Visit. She had earlier refused to meet President Pranab Mukherjee during his visit in March 2013.
 The Jamaat Islami Bangladesh, which is known for its anti-India stance, too appeared happy with the high-profile visit.

“The swap is also tearing families apart, as some people are not agreeing on where to live, while others having married a person from one or the other nationality are not eligible to relocate. Others, having been left out of a 2011 census, are also ineligible for relocation, and some may even lose their lands as a result of the swap.”

In India, Black cash refers to funds earned on the black market, on that financial gain and alternative taxes haven’t been paid. The entire quantity of black cash deposited in foreign banks by Indians is unknown. Some reports claim a complete extraordinary US$1.4 trillion area unit stashed in Suisse. Alternative reports, together with those reportable by Swiss Bankers Association and also the Government of Suisse, claim that these reports area unit false and fancied, and also the total quantity command all told Swiss banks by voters of Republic of India is regarding US$2 billion.

In February 2012, the director of the Central Bureau of Investigation aforesaid that Indians have $500 billion of ineligible funds in foreign tax havens, quite the other country. In March 2012, the government of Republic of India processed in its parliament that the CBI Director’s statement on $500 billion of ineligible cash was associate estimate supported a press release created to India’s Supreme Court in July 2011.

In early 2011, many reports Indian media alleged Swiss Bankers Association officers to own same that the biggest depositors of embezzled foreign cash in European nation are Indian. These allegations were later denied by Swiss Bankers Association still because the financial organization of European nation that tracks total deposits control in European nation by Swiss and non-Swiss voters. In 2011, the Indian government received the names of 782 Indians United Nations agency had accounts with HSBC.

As of December, 2011, the Finance Ministry has refused to reveal the names, for privacy reasons, although they did ensure that no current Members of Parliament are on the list. In response to demands from the Bharatiya Janata Party (BJP) opposition party for the discharge of the knowledge, the government declared on 15th December that, whereas it might not publish the names, it might publish a study concerning the HSBC data. In line with study on Black cash in Republic of India report, printed in May 2012, Swiss commercial bank estimates that the full quantity of deposits altogether Swiss banks, at the tip of 2010, by voters of Republic of India were CHF 1.95 billion (INR 92.95 billion, US$2.1 billion).

Indian Express released the list of 1195 Indians account holders and their balances for the year 2006-07 in HSBC’s Geneva branch. The list was obtained by French newspaper lupus Monde and enclosed the names of many distinguished businessmen, diamond traders and politicians. The amount of Indian HSBC shoppers is roughly double the 628 names that French authorities gave to the Indian Government in 2011. Indian government aforementioned it’ll probe this matter.

The balance against the 1195 names stood at Rs. 25,420 crore. The list that had names of dictators and international criminals, was at the same time revealed by news organizations  in forty five countries together with The Guardian, UK,  Haaretz, Israel; BBC, London. HSBC had helped its shoppers evade taxes and aforementioned during a statement that “standards of due diligence were considerably under nowadays.”

Complying with the Supreme Court directive, the new government on its first day in office  constituted a special investigative team (SIT) headed by a former Supreme Court Judge to unearth black money, including in the case of Hasan Ali. M B Shah, head of the SIT that also comprises another retired Supreme Court judge Arijit Pasayat as vice-chairman, assisted by the Revenue Secretary, directors of CBI, IB, RAW and ED, the CBDT Chairman and an RBI deputy governor.

But is it all that is enough to bring black money. Several protests have been held for the issue. Various social activists and people in common have alleged the government and demanded to ratify the issue of black money. This is really shocking that nation like India where poor people die of hunger and lack of basic amenities; rich make money and curb the poor. The statistics show that dishonest industrialists, scandalous politicians and corrupt IAS, IRS, IPS officers have deposited in foreign banks in their illegal personal accounts a sum of about $1500 billion, which have been misappropriated by them. This amount is about 13 times larger than the country’s foreign debt. With this amount 45 crore poor people can get Rs 1, 00,000 each.

This huge amount has been appropriated from the people of India by exploiting and betraying them. Once this huge amount of black money and property comes back to India, the entire foreign debt can be repaid in 24 hours. After paying the entire foreign debt, we will have surplus amount, almost 12 times larger than the foreign debt. If this surplus amount is invested in earning interest, the amount of interest will be more than the annual budget of the Central government. So even if all the taxes are abolished, then also the Central government will be able to maintain the country very comfortably. More smoke than light has been generated on the current outcry on black money. But now it’s time to separate wheat from chaff. We hope that the new government will fulfill its promise and will bring money back to home.

 

 

 

India expected a fresh wind is blowing. The new government, the country has a decisive mandate, the country’s development agenda is increasing rapidly. Events in the past twelve months, which has changed, he has built the national psyche. The global investors were already raising questions about India, they are things to improve growth prospects in the country. Clearly, a better destination for India has emerged as the global economy, which is constantly deals with geo-political and economic adversity.

India came into view, the main reason for this change is a positive energy and dynamics of the Prime Minister Narendra Modi. Not only did he lead from the front, but there are also talking about the next generation reforms. The story of India and its long-term ability of the individual to be contacted by world leaders and global investors. This industry has a lot of faith. Whether domestic manufacturing and job creation to revive ‘make India’s initiative or ordinance relating to land acquisition and decided to bring the bill to the insurance, the government has indicated positive on the economic front.

The biggest thing is that the policy of the government to introduce a new approach, giving India drew the attention of the world is once again. Whether foreign or defense policy or government administrative machinery more attractive and assertive approach to fit with a case or social welfare program, government policy-making is showing a clear difference.

PM to focus on the little things and the way to implement it well and a broad vision for the nation is exemplary. I plan Clean India campaign and public funds have a profound impact on the country, because their aim is to give people basic rights. In addition, the government is not ashamed to give subsidies to the poor, but also to improve the distribution system is a priority. Our country is not the lack of resources and solutions, has changed our attitude towards just that. “Digital India ‘initiative as long bridge between India and India and will help maximize the regime.

The greatest strength of India’s youth power (demographic dividend), which is at the core of the new government’s policy-making. Government to focus on building skills of youth is admirable. India not only, but also for the world economy could become a hotbed of human resources supply. Agriculture and environmental improvements to building a modern efficient ecosystem-wide impact. With the development of physical infrastructure development, institutional structures must match exactly, which India must do.

Inclusive growth is a priority for any country. And when the Indian economy opened up, work on this front, we have enough. Various socio-economic parameters such as improved education and health services, as well as the average age is increased availability, but we have a long way to go.

Development and social welfare in the name of the last several decades, the government subsidy has gone into heavy losses. From road construction and school health services to the people, the government is supposed to do everything. Government should continue? The course can not be diverted away from social welfare and development, but it is time for a new approach to keeping and some tough decisions. What market forces and competition can tell it better.

Take the example of the telecommunications sector. In 1990, the density of telecommunications in India was less than three per cent in the rural areas was almost zero. But today, the figure is 75 per cent and 45 per cent in rural areas. Telecom’s positive impact and job creation, efficiency and impact on GDP, see the qualitative. Certainly the study of economic reform and the free market is the best subject. The telecommunications revolution led by private mobile operators across the country to overcome the digital inequality. 38.5 million mobile subscribers in rural India is still, 90 percent of which are dependent on the consumer private network operators worldwide who are talking on the minimum call rate. Consumers have several options, which are private operators call rates. Some success stories like banking, insurance, are likely to see in the areas of food processing.

The industry strongly supports the government’s point of view and is willing to invest in the development of India. Regular dose of reforms and we need to build a business environment which promotes innovation and entrepreneurship. We have made a good start. I feel like the last half decade as China, India can be the same way the next decade. We have to build the future of India.

Union Finance Minister Arun Jaitley said that the fiscal deficit for the current fiscal year, which has been targeted, it will be completed. According to him, there are signs of improvement in the manufacturing sector, thereby increasing the tax collection and will help meet the goal.

International Customs Day Central Board of Excise and Customs (CBEC), while addressing a function organized here today by the Finance Minister in the manufacturing sector are showing signs of improvement. When production increases, increasing the fiscal deficit target of the government’s tax collection will be complete.

Earlier, the slow pace of recovery had revenue of the manufacturing activities were reduced. The government’s fiscal deficit for the current fiscal year level of 4.1 per cent of GDP is targeted to.

Jaitley said the foreign investors to invest in India are obviously quite eagerly. India could see it as an opportunity and in any case can not be dropped. This time, Brazil, South Africa, Europe, Japan and Russia and other emerging economies, India is the hope-filled vu.

If the condition is not right here while the positive atmosphere. To take advantage of this opportunity to improve the structure and administration of the need to indulge. The tax authorities need to change in thinking and perception.

Stuck in the past six years, the Indo-US nuclear deal could be operationalized both countries have had to sacrifice their insistence.

India, where US companies provide compensation to victims in case of an accident is freed from the burden. Leaving the US insistence to monitor nuclear material to India 4 nuclear elite clubs have had to promise to join.

According to the agreement, the burden of compensation is now India’s taxpayers will suffer indirectly. Compensation for the government to resolve the dispute to protect the company has decided to create an insurance pool.

However, this agreement will increase the Modi government’s political challenges. UPA’s tenure in the nuclear liability law in opposition BJP and the Left parties were Dlwaa stringent provisions. Congress and the Left burden of compensation already to hand conflict with Indian companies.

The Congress of the Modi government has declared a major U-turn to. So it will be interesting to see whether the deal after agreeing what Modi government will respond to the opposition’s attack.

Obama’s visit to India after the first day of the summit, even with Dhumddhake announced deal to be finalized, but it had to have a major concession to the two countries, especially India.

India not only American companies or the suppliers of the agreement after the accident, has been freed from liability to pay compensation to the victims but also to pay compensation insurance pool is accepted.

General Insurance Corporation, led by state-owned insurance companies in the four public sector will create the pool. Government and insurance companies in the pool will deposit Rs 750-750 crore, which will be paid compensation in the event of an accident.

Despite the agreement on many issues which have not really clean. The nuclear liability law in Clause 46 of the victims after the accident before the court had the right approach, it is not clear. The US is the second point of the object to eliminate the effect of Clause 17 of the compensation is placed on accountability insurance pool.

Now that the agreement has been announced by the government soon will be challenged by a political challenges. Opposition to the government, not the people, it will explain itself in opposition to force companies to accountability change the BJP was in power. Although the government instead Ilit IAEA nuclear club, NSG, Australia Group and Vasaner to gain membership drone technology to meet and argue this is patting his back.

US agreement before the government does not monitor the condition of the nuclear material that may also retreat. But the big question that put pressure stringent nuclear liability law provision itself to the question of how the government will struggle. In addition to her opposition to the question why bother replacing supplier or operator of the government or taxpayer Prokshrup huge compensation in the event of an accident is bound to why.

 

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The three-day 13th edition of Pravasi Bharatiya Diwas (PDB) got off to a grand start at the majestic Mahatma Gandhi Mandir here – with a great display of soft power — as the Modi government made a concerted effort to connect with young Non Resident Indians to make them stake holders in the country’s growth story.

Hoping to make this a unique show – first since Modi came to power – the Centre and the Gujarat governmentmade all out efforts to make their biggest diaspora outreach initiative – a key element of foreign policy — a successful venture. Organisers from the Ministry of Overseas Indian Affairs and Gujarat government told ET that there is tremendous enthusiasm over this year’s meet with delegates signing up till yesterday.

The total number of delegates has crossed over 2,500 highest ever since the PBD initiative was launched in 2003. Today, an estimated over 25 million people of Indian origin and non-resident Indians live and work outside India. Unofficial figures put the diapora number at 35 million.

Inaugurating the day one of the mega show, External Affairs Minister Sushma Swaraj said a packed audience comprising largely Indian origin youth that “Youth Pravasi Bhartiya Diwas is not just about match-making, it is also about discovering your roots, and learning about and appreciating your heritage.” Special efforts have been made to put show and exhibitions about Mahatma Gandhi in the venue with an aim to create awareness about him. This PBD also celebrates 100 years of Mahatma Gandhi’s return to India. He arrived back in India from South Africa on January 9, 1915.

Briefing media about the show, MEA Spokesperson Syed Akaruddin informed that day one was a precursor and the PM will inaugurate the meet with key announcements tomorrow. A Ministerial team led by Urban Development Minister Venkaih Naidu will brief NRIs tomorrow about investment opportunities in India. Besides on Friday, Union Home Minister Rajnath Singh will organize a meeting of few state Chief Ministers and NRIs on Friday, said Akbaruddin. The PM will have three bilateral with leaders of Guyana, Mauritius and South Africa on the sidelines of PBD.

Swaraj pointed out that this Youth PBD is about 3Cs – Connect, Celebrate and Contribute. “The Pravasi Bhartiya Diwas is essentially a platform to connect this Indian diaspora with the motherland. We started this initiative in 2003 under the Prime Ministership of Atalji. The idea was to develop consciousness of the concept of the global Indian family, define India’s new approach towards the Diaspora, provide a forum to discuss issues and concerns of people of the Diaspora and to involve the Diaspora in the development and advancement of India,” she noted amid applause.

Wooing the NRI entrepreneurs, Swaraj urged, “We want you, the Pravasis, to contribute to the development of India. We want you to participate in the vision that Prime Minister Modi has for India’s future… We have launched several programmes that have the potential to transform India.”

However, Lord Diljit Rana, one of the top Indian origin entrepreneurs in Northern Ireland, who was present at this PBD, rued about the lack of efficient bureaucracy in some of the Indian states. “This does not encourage investments…but I am hopeful that it will change under the Modi government in near future,” Rana, who runs a chain of hotels, told ET.

Swaraj pointed out that India has also one of the youngest countries in the world, with more than 50 per cent of population being under the age of 25, which means that soon one fifth of the world’s working age population will be in India. “Herein lies the importance of the Youth PBD. Just as you connect to each other through Facebook, Twitter, LinkedIn, Google and e-mail, the Youth PBD is our attempt to connect with you, the new generation of Pravasis growing up all over the world,” she pointed out making an appeal to them to be stakeholders in India’s economic growth.

The first plenary session of the show is called ‘Bharat ko Jano’ to know more about India, its traditions, and its art and culture. ‘Bharat ko Jano’ told the delegates particularly the youth that zero and the decimal system were India’s gift to the world and that the world’s first university was established in Takshila in 700 BC.

Whereas in ‘Bharat Ko Mano’ session the youth was enlightened about modern India and its innovations, like successful Mangalyaan mission, India’s missile technology, and expertise in Information Technology.

PM Narendra Modi named 'Asian of the Year' by Singapore daily

Development of India’s leading daily newspaper focused leader stating Singapore’s The Straits Times’ editors have chosen him for the title. Last year, Chinese President Xi Jinping and Prime Minister Shinzo Abe of Japan was jointly awarded the title.

Newspaper publisher Singapore Press Holdings Ltd. took the first country or put to work despite new Chinese President Xi Jinping Narendra Modi and the addition of global leaders such as Australian Prime Minister Tony Abbott, who left a mark on neighboring Asian countries he really is a matter of praise.

Prime Minister Narendra Modi was on Friday named “Asian of the Year” by a leading Singaporean press group for being focused on India’s development and getting the world “excited” about the prospects of the country again.

Singapore Press Holdings Limited, the publisher of The Straits Times, said “despite being relatively new to the job, he has already made a mark on Asia, reaching out to neighbours and receiving national leaders including Xi Jinping of China and Tony Abbott of Australia.”

“Mr Modi has got India and the world excited about hiscountry’s prospects again,” Warren Fernandez, editor of the daily said in a statement. “He has given his people a renewed sense of direction and purpose, and there are hopeful signs that he is minded to using his strong mandate to good effect in one of Asia’s major powers. We wish him and India every success.”

It said Modi has had a highly successful visit to Japan for a summit with Prime Minister Shinzo Abe.

Modi’s call for a ‘Make in India’ campaign, if pursued to its logical conclusion with a friendlier investment climate and less rigid labour norms, could help fire up the growth engines of the USD2 trillion economy and provide welcome ballast to the region when the top Asian economy China is slowing, and Japan is in recession, the statement said.

The 64-year-old leader has promised to reform the economy by cutting on the red tape and attracting foreign investments. Modi has energised India with his stirring calls for a development focus, it said.

“Economists project that as early as next year, India could pick up the growth baton from China. Given its huge market, its travellers who fill up hotel rooms and cruise ship cabins from Singapore to Sydney, its hunger for capital goods and commodities, a resurgent India will be a boon for the region and the world,” editors said in their citation.

The citation said in January US President Barack Obama would be the chief guest at India’s annual Republic Day celebrations — the first time a US leader will attend the function.

“We look forward to presenting the award to Mr Modi in person at his convenience,” said Ravi Velloor, Straits Times foreign editor. The editors’ choice was based on several factors: Modi was picked for being development-focused Prime Minister who fashioned an impressive victory for BJP in the polls.

Every December, editors of the Singapore daily pick an Asian whose actions have significantly impacted his own society or the wider Asian continent in the past 12 months. Last year, the award was shared by Chinese President Xi

Jinping and Japanese Prime Minister Shinzo Abe. The inaugural award, in 2012, went to President Thein Sein of Myanmar.