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NARENDRA MODI - DAY 72 IN OFFICE


06-08-2014NARENDRA MODI - DAY 72 IN OFFICE


  • Centre slams Congress vice-president Rahul Gandhi's unruly behaviour in Lok Sabha on Wednesday. His aggression over no debate on rising communal violence in the country invited strong reaction from the government, which termed it as “pure frustration”. Finance Minister Arun Jaitley said, “Why has Congress made an issue of this non-issue. Reason is clear, a section of the party, unable to lead, is facing a palace coup”.
  • The government’s plan to raise the limit of FDI in insurance sector from current 26% to 49% has hit snags in Parliament. Last week, the government’s effort to introduce legislation in the Upper House of Parliament was blocked by the opposition. Finance Minister Arun Jaitley has called a meeting on Wednesday of the heads of political parties in an effort to form a consensus on the legislation. The aim is to make investments flow into the insurance sector. FM needs support of the opposition in the Upper House where it has about 60 members.
  • The government is betting on Narendra Modi in order to replicate his relative success with regional infrastructure projects to make sure that projects based on public-private partnerships don’t get on hold for lack of land. PPP expert Abhaya Krishna Agarwal said, “There is so much negativity around PPPs. The new government needs to do a lot differently”. PPP contracts are often signed before declaring the size of land that needs to be acquired. Projects get stalled due to difficulties in moving occupants, which results in deterring fresh investments.
  • A US-based Sikh rights group Sikh for Justice (SFJ) has made a request under the Freedom of Information Act seeking the documents concerning Obama administration’s decision to invite PM Narendra Modi for a meeting in US in September. Besides, it has also asked for documents related to the visa ban of Modi after August 2005.
  • External Affairs Minister Sushma Swaraj said that the two-day official visit of PM to Nepal was "historic and highly successful" with several Nepalese leaders echoing that he had won their "hearts and minds". Giving details of the talks Modi had with the Nepalese leaders, she said, "...Prime Minister was very satisfied with the outcome of the visit to Nepal. He touched the hearts and minds of all the Nepalese people that was conveyed to him in so many words by his interlocutors..." she added, “The Prime Minister's visit has given a whole new impetus, new direction and new dynamism to our vital relationship with Nepal, which we are determined to further intensify and build upon".
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Last Updated on August 6, 2014, 5:38 pm