Nobody told me what ‘big bang’ was, says Modi on being criticised for bringing no huge reforms in two years as PM
Advertisement
Advertisement
Modi added that his government had undertaken the maximum reforms, while also saying that there is a lot more that is to be done in the future.
He further supported his government’s efforts by saying that the changes that have been put in place would have been regarded as difficult to implement by previous governments.
Talking about his reluctance to sell PSUs, which are a big issue of debate for his government, he said that, "In any developing country in the world, both public and private sectors have a very important role to play. You can't suddenly get rid of the public sector, nor should you."
Advertisement
In the last two years, the ruling party has laid a lot of emphasis on new bills and legislatures, which have or are soon to be introduced in the Parliament.
Expressing his desire to liberalize the labour laws of the country, he said that he would like the states to consider the changes.
"Labour reform should not just mean in the interest of industry," Modi said. "Labour reform should also be in the interest of the labourer."
He also talked about removing several restrictions from foreign investment in businesses, while justifying his sales pitches on several international trips, which helped prompt a sharp rise in FDI, as data suggest a rise of 29% in FDI in the latest fiscal year.
Advertisement
"This is the new way. If we want to ensure the success of this interdependent world, I think countries need to cooperate, but at the same time we also need to ensure that there is respect for international norms and international rules."Image source
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market