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PM Modi addresses Golden Jubilee Year Celebrations of the ICSI

Published By : Admin | October 4, 2017 | 19:30 IST
Few people are attempting to weaken the honesty of our social structures; Govt is working towards cleansing the system of such elements: PM
As a result of the efforts of the Government, the economy is functioning with less cash: PM Modi
The cash to GDP ratio has come down to 9 per cent, from 12 per cent before demonetisation: Prime Minister
There was a time when India was among Fragile Five economies, but now steps taken by Govt will ensure a new league of development: PM
Premium would be placed on honesty, and the interests of the honest would be protected: PM Modi
87 reforms have been carried out in 21 sectors in last three years: PM Modi
In the policy and planning of the Government, care is being taken to ensure that lives of poor and middle class change for the better: PM

The Prime Minister, Shri Narendra Modi, today addressed Company Secretaries at the inauguration of the Golden Jubilee Year of ICSI – the Institute of Company Secretaries of India.

On this occasion, the Prime Minister congratulated all those associated with ICSI. He said he is happy to be among those who are responsible for ensuring that companies follow the law, and maintain their accounts properly. He said their work helps establish the country's corporate culture. Their advice has a bearing on the country's corporate governance, he added.

The Prime Minister said that there are a few people in our country who attempt to weaken the honesty of our social structures, and lower the nation's dignity. He said that the Government is working towards cleansing the system of such elements.

The Prime Minister said that as a result of the efforts of the Government, the economy is functioning with less cash. The cash to GDP ratio has come down to 9 per cent, from 12 per cent before demonetization. The Prime Minister cautioned against people who only wish to spread a feeling of pessimism. The Prime Minister recounted instances in the past when the growth rate had fallen below 5.7 per cent, witnessed in the last quarter. He said that low growth rates, on those occasions, had been accompanied by higher Inflation, higher Current Account Deficit and higher Fiscal Deficit.

The Prime Minister said that there was a time when India was considered to be part of the Fragile Five economies, which were dragging back global recovery.

Acknowledging the decline in growth in the previous quarter, the Prime Minister said that the Government is committed to reversing this trend. He said several important reform related decisions have been taken and this process will continue. He asserted that the country's financial stability will be maintained. He assured the gathering that the steps taken by the Government will take the country to a new league of development in the years to come. He said that a premium would be placed on honesty, and the interests of the honest would be protected.

The Prime Minister outlined the massive increase in investment and outlays in some key sectors over the last three years. He said that 87 reforms have been carried out in 21 sectors in this period. He presented figures to show the quantum jump in investment.

 

The Prime Minister said that in the policy and planning of the Government, care is being taken to ensure that savings accrue to the poor and the middle class, even as their lives change for the better.

The Prime Minister asserted that as he works to empower the people and the nation, even though he faces criticism on some occasions, he cannot mortgage the country's future, for his own present.

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Prime Minister Narendra Modi Chairs Second High-Level Meeting with Secretaries of Government of India
July 28, 2026
Sectors discussed: Finance and Economy, Commerce and Industry, and Technology
PM emphasises the need to break both horizontal and vertical silos within the Government
PM emphasises the importance of technological self-reliance and building domestic capabilities in critical sectors
PM encourages greater participation of young innovators and entrepreneurs in cybersecurity ecosystem
PM Stresses Proactive Outreach on Strategic Sectors to Counter Misinformation
PM says Govt must always remain youthful, dynamic and forward-looking, continuously adapting to new challenges and opportunities with agility and innovation
Secretaries share experiences and perspectives on key initiatives, emerging opportunities and implementation challenges

Prime Minister Shri Narendra Modi chaired the second high-level meeting with Secretaries to the Government of India at his residence at 7, Lok Kalyan Marg earlier today. He reviewed the future action agenda of Ministries and Departments dealing with Finance and Economy, Commerce and Industry, and Technology sectors. The meeting focused on accelerating progress towards the goals of Viksit Bharat.

Prime Minister called for a strong focus on team building across Ministries and Departments, urging officers to work with a shared sense of purpose. He emphasised the need to break both horizontal and vertical silos within the Government so that departments function in close coordination and deliver integrated outcomes.

Highlighting the importance of citizen-centric governance, Prime Minister said that the people of India must remain at the centre of governance. He reminded that every decision and policy should be guided by the interests and aspirations of the common citizen.

Prime Minister stressed that while India is making significant investments in infrastructure, equal priority must be given to developing indigenous technologies. He underscored the importance of technological self-reliance and building domestic capabilities in critical sectors.

Prime Minister underlined that energy security is closely linked with national security, economic stability and citizens’ welfare. Prime Minister said India must achieve self-reliance in the energy sector through innovation, diversification and accelerated capacity creation.

Emphasising that reforms are not merely a fashionable term but a continuous necessity for effective governance, Prime Minister stressed the need to reform processes, improve work culture and strengthen institutional efficiency.

Prime Minister said that growing use of technology must be accompanied by a strong focus on cybersecurity to safeguard digital systems and infrastructure. He stressed the need for constant vigilance against emerging cyber threats. He called for encouraging greater participation of young innovators and entrepreneurs in the cybersecurity ecosystem and emphasised that it should evolve into a nationwide movement.

Prime Minister also emphasised the importance of proactive communication on strategic sectors where the country is undertaking major initiatives, to counter misinformation and unfounded fears surrounding such efforts.

Prime Minister says that new academic courses should be planned in partnership with industry to equip the workforce with skills required by emerging and future industries. He also observed that a government must always remain youthful, dynamic and forward-looking, continuously adapting to new challenges and opportunities with agility and innovation.

The meeting featured detailed discussions by Secretaries on the progress, priorities and implementation issues across their respective domains. The meeting was attended by the Cabinet Secretary, Secretaries of key Ministries and Departments, and senior officials from the Prime Minister’s Office.