We need to value enterprise and hard work, not wealth: PM Narendra Modi

Zee Media Bureau

New Delhi: Prime Minister Narendra Modi on Friday said his government has taken numerous steps which have transformative potential.

Here are the key highlights of his speech:

-In less than two years, we have taken India to the top of global league tables of foreign investment and growth.

-When the power of the people is with us, hard challenges become huge opportunities.

-My aim is not to eliminate subsidies but to rationalize and target them.

-Every one of the changes we have made is in the direction of good governance and rationality.

-If our policies are studied closely, you will find that many are popular, but none are populist.

-Our country suffers from an excess of old and unnecessary laws which obstruct people and businesses.

-Was pleasantly surprised to see a noteworthy reduction in leakage, simply by eliminating those who were double counted & ineligible.

-We have ended the era of high level corruption.

-Creating opportunities for cities and towns to grow is very crucial. Urban areas are an engine of growth.

-We need to value enterprise and hard work, not wealth.

-I believe in the politics of empowerment. I believe in empowering the people to improve their own lives.

-Shipping Corporation of India which made a loss of Rs 275 crores in 2013-14 made a profit of Rs. 201 crores in 2014-15.

-India’s highest ever output of coal was achieved in 2015.

-The highest number of new cooking gas connections to the rural poor was achieved in 2015.

-India’s highest ever production of ethanol as blended fuel, benefiting sugar cane farmers, was in 2015.

-India’s highest ever urea fertiliser production was achieved in 2015.

-Since this Government took office, growth increased & inflation decreased. Foreign investment has increased & fiscal deficit decreased.

-We are committed to reducing the emission intensity of our GDP by 33% by 2030 even while growing at a fast pace.

-Protecting our planet from climate change is one of the most important tasks for this generation.

-FDI in India has increased by 39% in the last 18 months, at a time when global FDI has fallen.

-For the last four quarters, India has been the fastest growing large economy in the world.

-India’s policies must be such that they make a positive contribution to the rest of the world.

-Poor governance hurts the poor more than it hurts others.

-If a government is progressive, and runs an honest and efficient administration, the biggest beneficiaries are the poor: PM

-We have to increase the quality of life of the common citizen and even more so, the quality of life of the poor.

-Opportunity is like oxygen to the aspirational citizen and we are keen that this is never in short supply.

-We should create new opportunities for citizens to progress and also give them a choice of opportunities.

-We have to improve the use of our natural and human resources, to increase the value addition we can get from them.

-True reforms are those which result in transformation in the lives of citizens.