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Modi hard sells India, Ivanka for equitable laws for women (Roundup)

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By Mohammed Shafeeq
Hyderabad, Nov 28 (IANS) A three-day international summit of entrepreneurs started here on Tuesday with Prime Minister Narendra Modi hard selling India and inviting investors from across the globe to invest in India taking advantage of a friendly climate while President Donald Trump’s daughter Ivanka said much remains to be done with regard to equitable laws for women in many developing as well as developed countries.

“To my entrepreneur friends from across the globe, I would like to say: Come, Make in India, Invest in India – for India, and for the world. I invite each one of you to become a partner in India’s growth story. And once again assure you of our whole-hearted support,” Modi said while inaugurating the 2017 Global Entrepreneurship Summit here.

The event, being co-hosted here by the US and India, is being attended by 1,500 entrepreneurs, investors and eco-system supporters from 159 countries.

Modi told young entrepreneurs from India that each of them has something valuable to contribute towards creating a New India by 2022. “You are vehicles of change and instruments of India’s transformation.”

“My government understands that an environment of transparent policies and a rule of law providing a level-playing field are necessary for entrepreneurship to flourish.

Listing various steps taken by his government in the last over three years in improving the business climate, Modi said the jump in India’s ranking in the World Bank’s Ease of Doing business Report from 142 to 100 in three years was a result of this.

“My government understands that an environment of transparent policies and a rule of law providing a level-playing field are necessary for entrepreneurship to flourish.

“A historic overhaul of the taxation system has been recently undertaken, bringing in the Goods and Services Tax across the country. Our Insolvency and Bankruptcy Code introduced in 2016 is a step towards ensuring timely resolution for stressed ventures. We have recently improved this further, preventing wilful defaulters from bidding for stressed assets,” he said.

Touching on demonetisation, the Prime Minister said tough measures have been adopted to tackle the parallel economy, check tax evasion and control black money.

“Our efforts have been recognised by Moody’s recent upgrade of India’s government bond ratings. This upgrade comes after a gap of almost 14 years.”

India, he said, has improved its rank from 54 in 2014 to 35 on the World Bank’s Logistics Performance Index. This signifies the relative ease and efficiency with which products can be moved into and from a country.

“An investment-friendly environment needs to be stable from the macro-economic perspective. We have succeeded in containing the fiscal and current account deficits and curbing inflation. Our foreign exchange reserves have crossed USD 400 billion and we continue to attract large foreign capital flows,” he said.

Speaking before the prime minister, Ivanka, who is also the US President’s Adviser, said: “When it comes to equitable laws, while many developed and developing countries have made tremendous strides, there is still much work to be done.”

She said in some countries, women are not allowed to own property, travel freely, or work without the consent of their husbands. In some other countries, the cultural and family pressure is so great that women do not feel the freedom to work outside the home.

“Our administration is striving to promote greater opportunity for women around the world, both through our domestic reforms and our international initiatives,” she said.

She also said that when women work, it creates a “multiplier effect”, and leads to more reinvestment in families and society.

“When women work, it creates a unique multiplier effect. Women are more likely than men to hire other women, and to give them access to capital, mentorship and networks. Women are also more likely to reinvest their income back in their families and communities,” she said.

She also lauded Prime Minister Narendra Modi for his belief that progress of humanity is incomplete without the empowerment of women.

“Just consider, if India closes the labour force gender gap by half, your economy could grow by over $150 billion in the next three years,” she said.

Noting that this is the first time India has hosted the Global Entrepreneurship Summit, Ivanka said it is a symbol of the strengthened friendship between our two peoples, and the growing economic and security partnership between our two nations.

Complimenting India for being one of the fastest growing economies globally, lifting millions out of poverty and for the progress achieved in science and technology, Trump said: “The people of India inspire us all.”

“The people of India have lifted more than 130 million citizens out of poverty. All of you are helping India’s middle class reach its goal of becoming 500 million people by 2030.”

This year’s summit is focused on a theme: Women First, Prosperity for All.

Stressing on women’s achievements in India, Modi said: “In Indian mythology, woman is an incarnation of Shakti – the Goddess of power. We believe women empowerment is vital to our development.”

“Indian women continue to lead in different walks of life. Our space programmes, including the Mars Orbiter Mission, have had immense contribution from our women scientists. Kalpana Chawla and Sunita Williams, both of Indian origin, have been part of US space missions,” he added.

Talking about Indian women empowerment, Modi added: “We have launched the MUDRA scheme to provide easy finance of upto one million rupees to entrepreneurs. Since its launch in 2015, over 90 million loans worth 4.28 trillion rupees have been sanctioned. Of these, more than 70 million loans have been sanctioned to women entrepreneurs.”

The US State Department and other American agencies in partnership with NITI Aayog, India’s think tank, are organising GES, which seeks to create an environment that empowers innovators, particularly women, to take their ideas to the next level.

The delegates include about 400 each from India and the US and the remaining from the rest of the world.

This is the 8th GES which brings together entrepreneurs, investors and eco-system supporters for mentoring, networking and investment matchmaking. This is the first time that the event is being held in South Asia.

(Mohammed Shafeeq can be contacted at [email protected])

–IANS
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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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