Ease of Living Becoming a Reality in the Lives of Millions of Indians

Published By : Admin | March 14, 2019 | 14:29 IST

“NDA Government is honoured to have undertaken numerous steps for the wellbeing of the middle class. From a friendlier tax system to better healthcare, quality education to more opportunities, no stone is being left unturned to ensure Ease of Living.”
- PM Narendra Modi

Higher cost of living, caused by rising rate of inflation, puts undue burden on the poor and middle-class population adversely affecting their purchasing power and savings. Modi government amended the RBI Act making the primary objective of the monetary policy to maintain price stability (“inflation targeting”), while keeping in mind the objective of growth.

Consequently, the average consumer price inflation (CPI) was 4.6% in the NDA era as compared to 10.1% during the UPA era - easing the burden on the poor and middle-class. In January 2019, India’s CPI based inflation eased to 19-month low of 2.05%.

Furthermore, higher indirect taxes are regressive as they cause higher prices of goods, burden of which ultimately falls on the people. Moreover, indirect taxes are borne by all, including the poorest of the poor. With GST reforms, indirect taxes have been rationalised making India ‘One Nation, One Market’. 95% of the items fall in or below 18% tax slab. Most common items of daily use are either exempt from GST or brought under the 5% tax slab.

Eating out is more inexpensive under the GST regime. Taxes that used to range anywhere between 15-20% earlier are a thing of history. Today, there is only a 5% GST on eating out.

With elimination of checkposts, trucks carrying goods are travelling faster, reducing logistics costs and delays. Small traders benefitted with the end of multiplicity of taxes while registration filing, assessment, refund are online under GST replacing inspector raj with a transparent system. Consequently, due to the GST reforms by Modi government, overall reduction of prices has ultimately benefited the end consumer.

The big move to ensure that people with net taxable income up to Rs. 5 lakh incur no tax liability, has benefited crores of taxpayers. Nowadays, getting an income tax refund is no longer a matter of years but of just a few days. Furthering the effort to Ease of Living, Modi government, as announced in interim budget, is working on giving refund in 24 hours. Easing the lives of taxpayers, 99.54 per cent of income-tax returns were accepted as they were filed in the current year.

Pension provides security in second innings of the life. The time taken for processing pension papers reduced with the simplification of pension claim procedure by Modi government. Jeevan Pramaan Aadhaar-linked Digital Life Certificates have provided Ease of Living to pensioners by doing away with requirement to be physically present before the certification authority. About 2.5 crore pensioners have availed this facility since 2014.

Efforts like Atal Pension Yojana, PM Vaya Vandana Yojana are steps taken for benefits to old age people with minimum investment, maximum benefits for Ease of Living.

Unlike earlier times, obtaining a passport is no more a hassle. There has been rapid increase in the number of Passport Service Kendras from 77 in 2014 to 490, which has made delivery of passport services easy and convenient.

Apart from these, with Digital India initiative and push for digital transactions, seamless transactions have eased the process of payment of utility bills and many different kinds of payments. For the first time, as on January 2019, the volume of UPI transactions crossed 672.75 million with an amount of more than Rs. 1.09 lakh crores transacted.

When a government caps cardiac stent prices and knee implants, slashing prices by 50-70%, it means more people can afford stents to tend to their ailing hearts and knees.

If generic medicines are available, sometimes at far lesser price than the market price across around 5,000 Jan Aushadhi stores, then the medicinal expenses of people vastly come down.

Home loans became much more inexpensive than before. For example, in November 2013, the SBI home loan interest rate was around 10.30%, which, in 2019 stands at around 8.5%. If you consider a home loan of Rs. 20 lakhs over 20 years, savings due to lower interest rates would be about Rs. 26,000 per year & about Rs. 5 lakhs over full tenure.

Similarly, even education loans have become more affordable.
Many people put their life’s savings into buying an apartment. Sometimes they ended up feel cheated by builders. Some builders would delay delivery or even change plans without consent. Real Estate Regulation Act – RERA, was passed to empower homebuyers and reform the real estate sector.

Now, builders are required to create a separate escrow account in which significant part of the amount received from the buyers will have to be deposited, thus ensuring that the money is not diverted elsewhere. The withdrawals will depend on the extent of work completion and will only be allowed to cover the cost of construction and the cost of land.

With aspirations of homes, education, health and an easier daily life being fulfilled, Ease of Living is becoming a reality in the lives of crores of Indians after the advent of the Modi government.

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PM Modi’s Vision Fuels Delhi’s Development
April 12, 2024

“Delhi has the good fortune to get an opportunity of keeping the flag of nations' prestige flying high.”
- PM Narendra Modi as Delhi prepared to host the G20 Summit

The last ten years of Prime Minister Narendra Modi’s government have set in motion the creation of a New India—from rural to urban, from water to electricity, from houses to health, from education to employment, from castes to classes—a comprehensive plan bringing growth and prosperity to each doorstep.

The National Capital Territory of Delhi has emerged as a pivotal part of this dynamic developmental momentum spearheaded by PM Modi throughout this transformative decade.

The city has been at the heart of the infrastructural shift that has given a dedicated facelift to the entire nation. Today infrastructural marvels like Atal Setu, Chenab Bridge, Statue of Unity, and Zojila Tunnel dot India’s ever-evolving landscape.

With its focus on revamping transportation networks, upgrading urban amenities, and expanding digital infrastructure, the Modi government has launched an array of transformative initiatives. From railways, highways to airports, these initiatives have been key in galvanising inclusive and sustainable development across the length and breadth of the country.

The impressive expansion of the metro rail network has revolutionised urban commuting in India. From a mere 5 cities in 2014, the metro rail network now serves 21 cities across the nation—expanding from 248 km in 2014 to 945 km by 2024, with 919 km of lines under construction in 26 additional cities.

The Union Cabinet has recently approved two new corridors of Delhi Metro Phase-IV—Lajpat Nagar to Saket G-Block and Inderlok to Indraprastha. Both the lines have a combined length of over 20 kms with a project cost of over Rs. 8,000 crore (funding being sourced from the Union Govt, Govt of Delhi, and international agencies). The Inderlok- Indraprastha line will play a significant role in enhancing connectivity to the Bahadurgarh region of Haryana. Additionally, India’s first Namo Bharat train, operating on the Delhi-Meerut Regional Rapid Transit System (RRTS) corridor further underlines the Modi government’s commitment to enhancing regional connectivity and upgrading its transportation infrastructure.

Further, the Bharatmala Pariyojana envisages improved logistics efficiency and connectivity via the development of nearly 35,000 km of National Highway corridors. 25 greenfield high-speed corridors have been planned under the plan out of which four intersect with Delhi’s growing infra capacity: Delhi-Mumbai Expressway, Delhi-Amritsar-Katra Expressway, Delhi-Saharanpur-Dehradun Expressway, and the Urban Extension Road-II. The total project length sanctioned for Delhi is 203 km with an allocation of over Rs. 18,000 crore.

Over the past decade, the Modi government has consistently dedicated efforts towards augmenting capacity and decongestion of airports. After the IGI Airport Delhi became the first airport in the country to have four runways and an elevated taxiway, the expanded state-of-the-art Terminal 1 has also been inaugurated recently. In addition, the upcoming Noida International Airport (Jewar) shall further contribute to decongestion of the Delhi airport which is serving millions of passengers annually.

Besides, the inauguration of the New Parliament has further added civilisational yet modern connotations to the city’s landscape. Inauguration of the Yashobhoomi (India International Convention & Expo Centre) has given Delhi India’s largest convention and exhibition centre, offering a mixed purpose tourism experience. Along with Yashobhoomi, the Bharat Mandapam, a world-class convention and exhibition centre, showcases India to the world.

In terms of welfare, the Modi government has launched several schemes benefitting people hitherto on the margins of growth and development. Women’s safety in Delhi has been a key concern. To address the same, the Modi government strengthened the Criminal Law (Amendment) Act, 2013 by increasing the quantum of punishment for rape, including capital punishment for rape of a girlchild below the age of 12.

The Union Home Ministry established a separate Women Safety Division back in 2018. One-stop centers, Sakhi Niwas, Safe City Project, Nirbhaya Fund, SHe-Box, Investigation Tracking System for Sexual Offences, and Cri-MAC (Crime Multi-Agency Center) among others are significant additions in the government’s campaign towards women safety.

In addition, Swachh Bharat Mission, PM Ujjwala Yojana, PM Matru Vandana Yojana, and Beti Bachao Beti Padhao have further led to the empowerment of Nari Shakti in India.

As India becomes the 3rd largest startup ecosystem in the world, Delhi is also contributing significantly towards this development. Today over 13,000 DPIIT-recognised startups are functioning in Delhi even as the government is promoting self-employment through PM MUDRA Yojana with over 2.3 lakh loans sanctioned worth over Rs. 3,000 crore for FY2023-24 (as on 26.01.2024).

PM SVANidhi, which provides collateral free loans to street vendors, is supporting over 1.67 lakh beneficiaries in Delhi. Further, under the Aatmanirbhar Bharat Rozgar Yojana, launched in 2020 to incentivise employers for creation of new employment and restoration of loss of employment during Covid-19 pandemic, over 2.2 lakh employees benefitted in Delhi.

Further, nearly 30,000 houses have been sanctioned and completed in Delhi under PM Awas Yojana (Urban).

Air pollution has been a recurring problem for the people of Delhi. Conscious of this reality, the central government has launched the National Clean Air Programme as a national level strategy to reduce air pollution level across the country.

The Modi government's tenure over the last decade has brought about a remarkable transformation in Delhi across various fronts. From infrastructure development to governance reforms, from education to employment, the government's initiatives have left an indelible mark on the capital city. As Delhi continues on its journey of progress and development, the contributions of the Modi government are set to shape its future trajectory for years to come.