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GST established India among major global economic markets: Modi
New Delhi, March 16 (IANS) The introduction of Goods and Services Tax (GST) has established India as one of the major economic markets in the world by removing uncertainties in the countrys tax system, Prime Minister Narendra Modi said here on Friday.
“Before 2014, India’s tax system was seen as unfriendly, unpredictable and non-transparent for the investors. But the situation is changing now. The GST has established India as one of the major economic markets in the world,” he said in his address at an event organised by the CNN-News18 TV network.
Modi said that In the last 3-4 years, India has lent strength to the world economic growth as well along with its own growth and pointed out that the country that is just three per cent of the world GDP is contributing “seven times more in the growth of world economy”.
“In the third quarter of 2017-18, India has achieved a growth rate of 7.2 per cent and economists say that this would further accelerate.
“India is performing well in all the macroeconomic parameters such as inflation, current account deficit, fiscal deficit, GDP growth, interest rates, foreign direct investment (FDI) inflow etc. The rating agencies are revising India’s ratings upward,” he said.
The Prime Minister said that while India is among top three prospective host economies, in the FDI confidence index, it is being counted among top two emerging market performers.
In the last three years, the country has improved by 42 points in the World Bank’s ‘Ease of Doing Business’ index, he said.
Modi said that India has started getting membership of the bodies it had been seeking for decades such as the Missile Technology Control Regime (MTCR), The Wassenaar Arrangement (on Export Controls for Conventional Arms and Dual-Use Goods and Technologies) and the Australia group.
India’s influence has been rising internationally and that in the last 3-4 years, his government has worked meticulously to achieve this, he said.
He said that India winning elections at the International Tribunal for Law of the Sea, the International Maritime Organization, UNESCO and the International Court of Justice shows India’s rising influence.
Modi said India has at various big international fora including the United Nations and the G-20 vehemently raised issues which affect the whole world such as climate change, terrorism and black money.
He said that India has given a new direction not just to its own development but also to that of the entire world. India is leading the world in solar energy revolution.
“In Yemen crisis, other nations also sought India’s help to evacuate their citizens. We safely evacuated nationals of 48 countries from Yemen along with our own citizens,” Modi said.
He said that the growing popularity of yoga and ayurveda across the world was also an extension of Rising India.
“My government is working with a holistic approach keeping in mind the aspirations of the poor, lower middle class and the middle class citizens,” the Prime Minister said.
–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.
Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.
During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.
On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”
Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.
It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.
Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.
Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”
On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”
The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.