Share
 
Comments
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.

Check out Full Presentation shared by PM Modi

Click here to read the full text speech

Donation
Explore More
It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi

Popular Speeches

It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi
India leads world in growth of energy sector investments between 2015-18

Media Coverage

India leads world in growth of energy sector investments between 2015-18
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
Social Media Corner 18 August 2019
August 18, 2019
Share
 
Comments

Expanding India-Bhutan bilateral ties through shared principles of prosperity, development & security for people of both countries

The International Energy Agency’s report says, India leads the world in growth energy sector by the expansion of investments with 12% in 2018

New India praises the good governance changing lives for the better