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Corruption has adversely impacted the aspirations of the poor and the middle class: PM
700 Maoists surrendered after demonetization and this number is increasing: PM
Today a horizontal divide - on one side are the people of India and the Govt & on the other side are a group of political leaders: PM
India is working to correct the wrongs that have entered our society: PM
Institutions should be kept above politics; the Reserve Bank of India should not be dragged into controversy: PM

The Prime Minister, Shri Narendra Modi, today replied to the motion of thanks on the President’s Address in the Rajya Sabha.

He said that several members have shared their views and there was considerable discussion on demonetization. The Prime Minister said that the fight against corruption and black money is not a political fight, and it is not to single out any particular party. He emphasized that corruption has adversely impacted the aspirations of the poor and the middle class. He said that those who are cheating the system will have to be dealt with toughness, so that the hands of the poor are strengthened. 

The Prime Minister said that about 700 Maoists surrendered after demonetization and this number is increasing.

Shri Narendra Modi said that there is today a horizontal divide – in which - on one side are the people of India and the Union Government, and on the other side are a group of political leaders.

The Prime Minister said that today, India is working to correct the wrongs that have entered our society. He said that we should continuously move forward for practical change, and never underestimate the strength of our country.

The Prime Minister said that institutions should be kept above politics, and the Reserve Bank of India should not be dragged into controversy.

The Prime Minister said that on matters related to governance, a lot has been done which has given strength to the common man. He mentioned the transparency that has been brought in the Government procurement process, through Government e Marketplace.

The Prime Minister congratulated the media for furthering the message of Swachh Bharat and creating awareness. He added that sanitation coverage in the rural areas has increased. He said that cleanliness should become a public movement, and we should all work towards this cause.

The Prime Minister said that under the “Ek Bharat, Shreshth Bharat” initiative, we all have the opportunity to learn about and appreciate the culture and capabilities of various parts of the country.

Click here to read full text speech

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Cabinet gives ‘in principle’ approval for disinvestment of Air India and five of its subsidiaries
June 28, 2017
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Cabinet gives ‘in principle’ approval for disinvestment of Air India and five of its subsidiaries 

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to fourth tranche recommendations of NITI Aayog on strategic disinvestment of CPSE (strategic disinvestment of Air India and five of its subsidiaries) based on the recommendations of Core Group of Secretaries on Disinvestment (CGD).

(i) ‘In principle’ approval for considering strategic disinvestment of Air India and five of its subsidiaries.

(ii) Constitution of an Air India-specific Alternative Mechanism headed by Minister of Finance including Minister for Civil Aviation and such other Minister(s) to guide the process on strategic disinvestment from time to time and decide the following:

  1. Treatment of unsustainable debt of Air India;
  2. Hiving off of certain assets to a shell company;
  3. Demerger and strategic disinvestment of three profit-making subsidiaries;
  4. The quantum of disinvestment; and
  5. The universe of bidders.