Active Stocks
Thu Apr 18 2024 15:59:07
  1. Tata Steel share price
  2. 160.00 -0.03%
  1. Power Grid Corporation Of India share price
  2. 280.20 2.13%
  1. NTPC share price
  2. 351.40 -2.19%
  1. Infosys share price
  2. 1,420.55 0.41%
  1. Wipro share price
  2. 444.30 -0.96%
Business News/ News / India/  Six months of Modi 2.0: India witnessed 'phenomenal reform momentum', says PM
BackBack

Six months of Modi 2.0: India witnessed 'phenomenal reform momentum', says PM

From ending of Article 370 to economic reform, productive Parliament to decisive foreign policy, historic steps taken, said PM Narendra Modi
  • After forming the government, PM Kisan was extended to all farmers, taking total beneficiaries to 14.5 crore, said PM
  • Prime Minister Narendra Modi (Photo: PTI)Premium
    Prime Minister Narendra Modi (Photo: PTI)

    New Delhi: Prime Minister Narendra Modi on Saturday said that his government has completed six months during which India has witnessed "phenomenal reform momentum."

    Modi took to social media saying, "From ending of Article 370 to economic reform, productive Parliament to decisive foreign policy, historic steps taken."

    He highlighted that his government has cleared Industrial Relations code, slashed corporate tax rates to 22%; 15% for new domestic manufacturing companies.

    The Prime Minister also stated that the government has approval for strategic disinvestment of the government shareholding in five public sector enterprises along with management control. He points out that his government has announced mega bank mergers to improve the health of banking sector and also infused 70,000 crore in the banks for 2019-2020.

    For farmers, Modi stated that his government extended the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) to all farmers. "It was manifesto promise of the BJP that PM Kisan would be extended to all farmers of India," he said on social media platform.

    He said that after forming the government, PM Kisan was extended to all farmers, taking total beneficiaries to 14.5 crore. "Under PM Kisan, farmers receive direct income support of 6,000 per year," he said.

    Finance Minister Nirmala Sitharaman also took social media to stress that their government has taken significant steps in structural reforms of the country.

    "Today, we mark the completion of six months of the second term of Prime Minister Narendra Modi government. Several significant steps in structural reforms have been taken in these months. Responses/interventions addressing the needs of the economy will continue," the minister said.


    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 30 Nov 2019, 01:50 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App