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Ahead of Budget 2016 presentation, Prime Minister Narendra Modi puts in perspective where the Indian economy stands and what the NDA government's policies have achieved. The budget session of Parlaiment starts on February 23 – it stretches over a three-month-long period. Here we take a look at top 5 points in PM Narendra Modi speech:
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1. PM Narendra Modi: We are trying to bring a work culture where projects are conceived in time and completed on time. The initiatives have to be futuristic and completed before the designated time period. Delays shouldn't occur as they affect people. (AP)
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3. Union Budget 2016: With the opposition showing no sign of relenting, PM Narendra Modi, who also attended the meeting, made a brief intervention hoping that the three-month long session, beginning February 23, would be a 'very constructive and positive' affair. However, there was enough indication that the crucial bills like GST are unlikely to be taken up in the first half of the session, which concludes on March 16. (AP)
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3. PM Narendra Modi: The Paradip refinery foundation stone was laid by former Prime Minister Atal Bihari Vajpayee in 2000 and completed again during the NDA government's tenure. (AP)
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4. PM Narendra Modi: Around 26 lakh cooking (LPG) gas connections were given in last 60 years in Odisha whereas Dharmendra Pradhan gave 11 lakh connections in one year in the state after he took over as Petroleum Minister. This is the way work should be done. (AP)
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1. Narendra Modi: When most of the world powers are in doldrums, everyone is looking up to us who are developing at the fastest pace. India is the fastest growing among the larger economies. (AP)
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During over hour-long speech of Suresh Prabhu, Prime Minister Narendra Modi was seen repeatedly thumping the desk along with other members of the Treasury benches in appreciation of the proposals of the budget. (AP)
7. PM Narendra Modi: PM Narendra Modi: Oil marketing companies should reduce oil import dependence by 2022, the year when India will compete 75 years of Independence, with increase in use of bio fuels like ethanol produced from sugarcane and diesel from Jatropha. India spent USD 112.7 billion on import of 189.4 million tonnes of crude oil in financial year 2014-15. (AP) -
8. PM Narendra Modi: We will produce petroleum products from khari (gulf) and jhadi (sugarcane and Jatropha). The government is promoting skill development, providing finances to youth under the MUDRA scheme and giving incentives under 'Start Up India, Stand Up India' initiative. (AP)
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9. PM Narendra Modi: Micro Units Development and Refinance Agency Ltd (MUDRA) is a new institution set up by the government to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below Rs 10 lakh. (AP)
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10. PM Narendra Modi: Paradip refinery unit will manufacture 78 crore kg of LPG, 500 crore litres of petrol, 660 crore litre of diesel, 250 crore litre of kerosene and ATF, 27 lakh quintal of sulphur and 120 lakh qunital of petroleum coke. You can imagine how much these products will give momentum to economic development. LPG from the refinery will replace firewood in rural households. One hour of cooking on firewood subject rural women to smoke equivalent to 400 cigarettes. We are trying that the poor get LPG gas cylinders to give them freedom from smoke. (AP)
Perplexity CEO Aravind Srinivas congratulates Sridhar Vembu as Arattai jumps from 3,000 to 350,000 sign-ups within days of its launch
