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PM Modi wishes President Mukherjee on his birthday

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pranab modi

Prime Minster Narendra Modi on Friday greeted President Pranab Mukherjee on his 80th birthday, saying he is an “invaluable asset” to the nation.

“I convey my heartfelt wishes to our beloved President, Shri Pranab Mukherjee on his birthday. I pray for his long and healthy life,” Modi tweeted.
Born on December 11, 1935 in Mirati West Bengal, Mukherjee has a political career spanning six decades.

“President Mukherjee’s long years in public life make him an invaluable asset to our nation. His wisdom and intelligence have few parallels,” Modi wrote.

I convey my heartfelt wishes to our beloved President, Shri Pranab Mukherjee on his birthday. I pray for his long & healthy life.

— Narendra Modi (@narendramodi) December 11, 2015

President Mukherjee’s long years in public life make him an invaluable asset to our nation. His wisdom & intelligence have few parallels.

— Narendra Modi (@narendramodi) December 11, 2015

In another tweet Modi said Mukherjee had always been a respected leader with friends and well-wishers across the political spectrum.

Born on December 11, 1935 in Mirati West Bengal, Mukherjee has a political career spanning six decades.

India

Congress flays govt on MSP hike, demands further increase

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Sunil Jakhar Punjab Congress

New Delhi, June 2 : A day after the central government announced increased MSP for Kharif crops, the opposition Congress on Tuesday flayed the move and claimed the farmers were being given too little and that input cost had not been taken into account for MSP calculation.

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India

Will initiate more reforms to get growth back: PM

Speaking about the Aatmanirbhar Bharat economic package, he said that it would work as growth fuel for the MSME sector.

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Modi PM

New Delhi, June 2 : Prime Minister Narendra Modi on Tuesday said that more policy reforms will be implemented to speed-up growth and remove structural bottlenecks in the economy.

Accordingly, the country will also implement measures to reduce import dependence and strengthen domestic supply chains.

In an online address at the 125th AGM of industry body CII, he said that the country has entered into the ”Unlock” phase 1 which focuses on getting the economy back on track and that the Centre will take every possible step to revive growth.

He exuded confidence in the ability of India Inc to bounce back and said that attaining a higher growth level should not be difficult. To make his point, PM gave the example of the PPE industry and said that within three months, the sector has grown tremendously from a scratch into a multi-crore enterprise.

PM called upon India Inc to increase productivity, reduce the country”s import dependence, and encouraged them to partner with farmers to invest in the rural economy.

According to him, the Self-reliant India programme allows for a stronger embrace of the global economy by integrating domestic businesses into international supply chains as reliable partners.

Speaking about the Aatmanirbhar Bharat economic package, he said that it would work as growth fuel for the MSME sector.

Besides, he pointed out to the gathering that labour reforms are being initiated to support workers and increase jobs and that private industries” participation in strategic sectors is becoming a reality.

Modi also said that with the latest decision to amend the APMC Act the farmers will now be free from the dependence on middle-men and will be able to sell their produce anywhere they want to.

“Post-independence laws made farmers dependent on middle-men. They will now get their rights post amendment to APMC Act.”

–IANS

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Moody’s has rated Modi’s handling of India’s economy step above junk: Rahul

It also downgraded India”s local-currency senior unsecured rating to Baa3 from Baa2, and its short-term local-currency rating to P-3 from P-2.

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Rahul Gandhi

New Delhi, June 2 : A day after global credit ratings agency Moody’s Investors Services downgraded India’s sovereign ratings as it sees challenges piled up on the country’s policy making institutions to mitigate the risks of a sustained period of relatively low growth, Congress leader Rahul Gandhi has said the worst is yet to come as the government has not supported the poor and the MSME sector.

Former President of the Congress Rahul Gandhi tweeted: “Moody”s has rated Modi”s handling of India”s economy a step above JUNK.”

“Lack of support to the poor and the MSME sector means the worst is yet to come,” added Rahul Gandhi.

Besides, Moody”s said the Covid-19 pandemic amplifies vulnerabilities in India”s credit profile such as slower growth relative to the country”s potential, rising debt and further weakening of debt affordability and persistent stress in parts of the financial system.

Consequently, Moody”s downgraded India”s foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2.

It also downgraded India”s local-currency senior unsecured rating to Baa3 from Baa2, and its short-term local-currency rating to P-3 from P-2.

Furthermore, it kept the outlook as negative. Currently, the sovereign rating assigned to India is Baa2 with a negative outlook.

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