Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Narendra Modi dedicates his govt to the 'poor, oppressed and deprived'

May 20 2014, 15:04 IST
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Narendra Modi: You will never get an opportunity to look down on what my government will do (AP) Narendra Modi: You will never get an opportunity to look down on what my government will do (AP)
SummaryNarendra Modi today declared that election result represents a new hope for the common man

Elected leader of the BJP Parliamentary Party, Narendra Modi today declared that the Lok Sabha election result represents a new hope for the common man and dedicated his government for the uplift of the poor, oppressed and deprived.

"I accept the responsibility you have reposed in me. You will never get an opportunity to look down on what my government will do," he said in a 30-minute speech after he was unanimously elected the leader of the BJP Parliamentary Party by the newly-elected Lok Sabha members and those of Rajya Sabha.

The election took place at the Central Hall of Parliament after his name was proposed by senior leader L K Advani and seconded among others by Murli Manohar Joshi, Sushma Swaraj, Venkaiah Naidu, Arun Jaitley and Nitin Gadkari.

"A new hope has arisen in the common man. This is the biggest significance of this election results. At the end of the day for whom is the government? It is for the poor.

"The new government will dedicate itself for the poor, crores and crores of youth and for the safety and security of the mothers and sisters, those in the rural areas, oppressed and the deprived," he said.

Referring to the nature of the verdict, he said if it had been a hung or a fractured verdict then one can say that people had vented their anger against the government and that it was anti-establishment.

"But by giving BJP an absolute majority they have voted for hope and trust. People have voted for hope and faith. And I will do everything to fulfil their aspirations," he said, adding that he is a man full of optimism.

There should be no room for pessimism and because with pessimism nothing can be achieved.

Recollecting an earlier speech of his, he said his government's motto will be with everyone and for everyone's development. "This is the time for new hope and strength."

Modi said in 2019 he will meet the MPs again with a report card. My government is not for myself but for the country. The government is for the poor and we want to do something for them, he said.

"I will strive my best to fulfil the responsibility you have reposed in me. You will never have to look down on the work it will do."

The PM-to be also took the opportunity to praise the work of the past governments, saying every government and its leaders have contributed

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