Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    ED raids multiple locations in Kolkata in bank loan fraud case
    Commerce & Industry Minister Shri Piyush Goyal Calls Upon Auto Component Industry To Go Global
    18th Meeting of Heads of IP Offices of BRICS Countries Held in New Delhi
    India’s Sovereign Credit Rating upgraded to 'A-' with Stable Outlook by Japan Credit Rating Agency
    Secretary, DFS Chairs Review Meeting on Financial and Business Performance of Public Sector General Insurance Companies (PSGICs)
    GIFT IFSC emerges as a strong and vibrant international banking hub, mobilises over $52.8 billion under RBI’s FCNR(B) Swap Facility, $11.62 bn in EC...
    Ex-CII executive Shuchita Sonalika appointed COO of Canada-India Business Council
    India's 7.8% growth despite global disruptions remarkable: FM Sitharaman at investors meet in US
    After 35 years, India's sovereign rating upgraded to 'A-' by JCR on solid growth, resilient financial system
    Rupee rises 22 paise to close at 94.73 against US dollar
    India draws record USD 127 bn forex deposit in special drive
    Banks mobilise USD 127.23 billion in deposits from Indian diaspora: RBI
    CBI Arrests CGST Additional Commissioner and Two others in Rs. 40 Lakh Bribery Case in Raigad, Maharashtra
    Haryana: SGST collections grow 29 pc in first 5 months of 2026-27
    Lokta Opens Its Agentic Loan Servicing Platform to NBFCs Up to Rs 100 crore, with No Platform Fee for Up to Two Years
    RTI seeks Aadhaar date-of-birth changes after pre-poll Bihar pension hike; UIDAI says no such data
    IC Electricals Secures Approx. ₹6 Crore Railway Orders and ₹1 Crore Export Order
    Additional Information related to GDP Estimates Received After Release of Q1 Estimates of FY 2026-27
    Union Minister of Commerce & Industry Shri Piyush Goyal Chairs CEO Roundtable on Ease of Doing Business for Scaling India’s Data Centre Ecosystem
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
September 3, 2026
Show AI Summary
Money laundering investigation examines alleged diversion of bank loans from a power project to group entities and personal use.
Money laundering investigation under the Prevention of Money Laundering Act concerns alleged diversion of bank loans obtained by Kohinoor Power for a power plant in Jharkhand. The loan proceeds were allegedly transferred to other group entities and used personally. Searches were conducted at eleven premises associated with the group's promoters, directors and auditors. The company entered liquidation proceedings before the National Company Law Tribunal, with limited recovery for creditors.
September 3, 2026
Show AI Summary
Globalisation of auto component manufacturing is linked to trade access, resilient supply chains, technology adoption, safety, and vehicle scrappage.
The auto component industry is encouraged to expand globally through reciprocal market access, overseas manufacturing, international investment and trade partnerships. Supply-chain resilience is to be strengthened through indigenisation of vulnerable products, access to critical minerals, and domestic capacity in auto components, speciality steel, technical textiles and semiconductors. Priority is also given to high-value integrated solutions, artificial intelligence-enabled quality control, vehicle safety and industrial parks offering manufacturing infrastructure. Vehicle scrappage requires coordinated government incentives and fair industry valuation to support replacement demand for new-age vehicles.
September 3, 2026
Show AI Summary
Updated IP cooperation guidelines strengthen cross-border innovation, patent examination coordination, traditional knowledge protection, and geographical indication commercialisation.
IP BRICS Heads adopted Updated Operational Guidelines to direct result-oriented intellectual property cooperation, promote cross-border innovation, and reinforce joint engagement in global IP standards. Priority areas include protection of traditional knowledge and traditional systems of medicine, reinforced patent examination cooperation, exchange of search results, patent analytics, and geographical indication protection and commercialisation. Coordination mechanisms and periodic progress reviews are emphasised for effective implementation and continuity of cooperation.
September 3, 2026
Show AI Summary
Sovereign credit rating upgrade reflects resilient growth, improved fiscal expenditure quality, stronger financial systems, and a robust external position.
India's long-term foreign-currency and local-currency issuer ratings were upgraded from 'BBB+' to 'A-', with a Stable Outlook, reflecting resilient economic growth, improved fiscal expenditure quality, strengthened financial-sector soundness, and a robust external position. Fiscal improvement is linked to greater capital expenditure and lower fiscal deficit. Financial resilience is supported by improved banking and non-banking sector asset quality and capital adequacy. External strength arises from a contained current account deficit, services surplus, and foreign-exchange reserves exceeding short-term external debt.
September 3, 2026
Show AI Summary
Public sector general insurance performance requires profitable underwriting, lower claim ratios, digitalisation, standardised monitoring, and quality grievance redressal.
Public Sector General Insurance Companies were advised to focus on profitable business lines, reduce the Incurred Claim Ratio, and accelerate technology use and digitalisation while optimising related expenditure. They are to improve insurance penetration, density, outreach and customer awareness, particularly in underserved segments, while reducing protection gaps. A robust, standardised KPI framework should enable comparable financial and non-financial performance assessment and be reviewed quarterly. Customer grievances require expeditious and quality redressal.
September 3, 2026
Show AI Summary
Cross-border financing through GIFT-IFSC expands foreign currency mobilisation, external commercial borrowing disbursements, and international bond market access.
GIFT-IFSC's IBUs mobilised foreign-currency liquidity under the RBI's FCNR(B) deposit swap facility, with 20 IBUs sanctioning USD 54.02 billion and disbursing approximately USD 52.82 billion as at 31 August 2026. Between April and August 2026, IBUs disbursed USD 11.62 billion in External Commercial Borrowings, while Indian banks raised USD 11.12 billion through bond listings on IFSC exchanges. These activities support cross-border financing, international capital-market access and foreign-exchange inflows.
September 3, 2026
Show AI Summary
Bilateral business council leadership appointment strengthens operational capacity to advance Canada-India economic and investment partnerships.
Operational leadership for bilateral economic engagement is strengthened through the appointment of Shuchita Sonalika as the first Chief Operating Officer of the Canada-India Business Council. The appointment is directed toward enhancing the council's capacity to support expanding investment and economic relations between Canada and India, in coordination with its board, members and partners. Sonalika brings international affairs experience in advancing India's economic partnerships across global markets.
September 3, 2026
Show AI Summary
Regulatory certainty and compliance reforms support investment facilitation, infrastructure development, MSME credit access, and reduction of bank non-performing assets.
Regulatory certainty, ease of compliance and investment facilitation are identified as central elements of India's economic reform orientation. The Insolvency and Bankruptcy Code is included among reforms supporting regulatory certainty, reduced paperwork and easier compliance. Policy priorities include infrastructure development, artificial intelligence and data centres, credit access for MSMEs, reduction of banks' non-performing assets, fiscal discipline, and investment facilitation by central and state governments.
September 2, 2026
Show AI Summary
Sovereign credit rating upgrade reflects resilient economic growth, fiscal quality, financial-system soundness, and external-sector resilience.
Japan Credit Rating Agency upgraded India's foreign-currency and local-currency long-term issuer ratings to A-, citing solid economic growth, strengthened growth-oriented policies and improved financial-system soundness. Improved banking asset quality, insolvency mechanisms, government capital infusion and stronger central-bank supervision support financial resilience. Fiscal quality has improved through greater infrastructure-focused capital expenditure and restraint in current spending, while a contained current-account deficit, services surplus and substantial foreign-exchange reserves support resilience to external shocks.
September 2, 2026
Show AI Summary
Currency-market intervention and foreign capital inflows supported rupee resilience amid higher crude prices and dollar strength.
Foreign capital inflows and modest foreign institutional equity purchases supported rupee appreciation against the US dollar despite weak domestic equities, elevated crude oil prices and a stronger dollar. RBI monitoring and apparent currency-market intervention supported the rupee amid risk aversion, higher US Treasury yields and concerns over crude supply disruptions. Forthcoming US employment data remained relevant to dollar and rupee direction.
September 2, 2026
Show AI Summary
Foreign-currency non-resident deposits bolster external liquidity through hedging support and lending flexibility during global market uncertainty.
Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits are fixed-term foreign-currency deposits for non-resident Indians, with principal and interest repayable in the deposit currency and without direct rupee exchange-rate risk. A special central-bank programme mobilised substantial FCNR(B) deposits, alongside overseas foreign-currency borrowings and external commercial borrowings, to strengthen foreign-exchange liquidity. Banks received hedging-cost support and permission to lend against the deposits. The facility was closed earlier than scheduled after its mobilisation objective was met.
September 2, 2026
Show AI Summary
Foreign currency swap facility accelerated FCNR(B) deposit window closure after substantial diaspora inflows, while borrowing windows remain open.
Special USD-INR foreign-exchange swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings was introduced to strengthen the external sector and support foreign-exchange liquidity. FCNR(B) deposits, under which principal and interest are repayable in the same foreign currency, generated the principal share of inflows. Strong diaspora participation led to advancement of the FCNR(B) window closure. The swap facility for Overseas Foreign Currency Borrowings and External Commercial Borrowings remains open until December 31, 2026.
September 2, 2026
Show AI Summary
GST bribery allegations led to a trap operation against officials and an intermediary in a quarrying matter.
Criminal investigation concerns alleged solicitation and acceptance of an undue advantage by CGST officials in connection with settling a GST/royalty matter involving a stone-quarrying firm. The officials allegedly arranged for a private person to collect the payment. A trap operation resulted in the private person being caught while accepting the alleged undue advantage. Searches at the accused persons' premises led to recovery of cash and jewellery, while further investigation continues.
September 2, 2026
Show AI Summary
State GST collection growth outpaced national expansion during the first five months, alongside increased VAT and CST receipts.
Haryana's SGST collections increased by 29 per cent during April-August of financial year 2026-27, exceeding the national growth rate of 16 per cent. August 2026 post-settlement SGST revenue rose by 21 per cent, compared with national average growth of 13 per cent. Haryana accounted for less than 4 per cent of national GST taxpayers but contributed approximately 7.7 per cent of aggregate national SGST, CGST and IGST collections. VAT/CST collections rose by 13.8 per cent during the same period.
September 2, 2026
Show AI Summary
NBFC loan servicing governance retains lender control through deterministic decision rules, maker-checker controls, reconciled migration and optional AI assistance.
Lokta Next 100 offers RBI-registered NBFCs with loan books up to Rs 100 crore post-approval loan servicing, accounting, reporting, analytics, collections, recovery and partner-management functions, excluding pure-play microfinance NBFCs. Credit, approval and money decisions remain with the lender. Maker-checker approval applies to every change, and migration requires line-by-line reconciliation before cutover. Records remain lender-owned, hosted in India and exportable. AI may propose changes but cannot post to the ledger; deterministic lender-policy rules decide changes. Platform fees are deferred for up to 24 months, subject to stated loan-book thresholds.
September 2, 2026
Show AI Summary
RTI access to maintained records does not require creation of Aadhaar date-of-birth update data on demand.
UIDAI did not maintain separate Aadhaar data on date-of-birth updates in Bihar following the announced social security pension enhancement, including month-wise or district-wise compilations. No internal review or flagging of unusual update patterns was available or applicable in its records. The Central Information Commission clarified that the RTI framework does not require a public authority to create, compile or generate information that it does not maintain in the form requested. The initial CPIO response treating the information as outside the RTI Act was considered inappropriate.
September 2, 2026
Show AI Summary
Transgender arrest and detention safeguards prompt calls for a standard operating procedure and clearer procedural protections.
Legal and regulatory issues include safeguards for arrest and detention of transgender persons, consultation requirements in Bar Council policy-making, and procedural accountability in electoral administration and policing. Personal insolvency proceedings raise questions about tribunal powers to constitute an expanded bench. Hospitality operators are expected to comply strictly with food-safety and hygiene norms. Proposed restrictions on minors' social-media accounts address cyberbullying, online exploitation, and harmful screen exposure.
September 2, 2026
Show AI Summary
Railway equipment purchase orders and export order expand IC Electricals' domestic and international business pipeline.
IC Electricals Company Limited has secured railway purchase orders for electrical and electronic supplies and an export order, creating combined order inflow across domestic railway operations and international markets. Its product portfolio includes regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, alternators, traction motors, and permanent magnet alternators with controllers. Forward-looking statements on business plans, projects, and research and development remain subject to risks and uncertainties and may differ materially from actual results.
September 2, 2026
Show AI Summary
Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
Show AI Summary
Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Showing Results for : Reset Filters
Customs, DGFT & SEZ

Prime Minister’s Independence Day Address

August 16, 2010

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Following is the text of the Prime Minister, Dr. Manmohan Singh's address from the ramparts of Red Fort on the occasion of Independence Day:    

"Dear citizens,

           I greet you on the 63rd anniversary of our independence.  When Pandit Jawaharlal Nehru unfurled the Tricolour on this historic Red Fort, on 15th August, 1947, he called himself the first servant of India.  I address you today in the same spirit of service.

                   A few days back, many precious lives were lost in Laddakh due to a cloud burst.  I convey my heart felt condolences to the family members and other near and dear ones of those who have perished.  In this hour of grief, the whole country stands with the people of Laddakh.  It is my assurance that the Central Government will do everything possible for rehabilitation of the affected people.

          When I addressed you last year on Independence Day, our country was facing a number of difficulties.  There was a drought like situation in many parts of the country.  We were also affected by the global economic slow down.  I am happy to say that we have acquitted ourselves well in these difficult circumstances.  Despite many problems, the rate of our economic growth has been better than most other countries in the world.  This shows the strength of our economy.

          This strength has been evident not only in the last one year but also in our economic progress in the last many years.  Today, India stands among the fastest growing economies of the world.  As the world's largest democracy, we have become an example for many other countries to emulate.  Our citizens have the right to make their voice heard.  Our country is viewed with respect all over the world.  Our views command attention in international fora.

          All of you have contributed to India's success.  The hard work of our workers, our artisans, our farmers has brought our country to where it stands today.  I specially salute our soldiers whose bravery ensures the safety of our borders.  I pay tribute to all those martyrs who have sacrificed their lives for our country.

           We are building a new India in which every citizen would have a stake, an India which would be prosperous and in which all citizens would be able to live a life of honour and dignity in an environment of peace and goodwill.  An India in which all problems could be solved through democratic means.  An India in which the basic rights of every citizen would be protected.  In the last few years, we have taken many significant steps in this direction.  Every person living in rural areas now has the assurance of 100 days of employment through the Mahatma Gandhi National Rural Employment Guarantee Act.  The Right to Information Act is helping our citizens to become more aware.  This year our Government has enacted the Right to Education which will help every Indian to share in the benefits of the country's economic progress and also to contribute to it.  To ensure equal partnership of women in our progress, we have taken initiative for reservation for women in Parliament and in State legislatures.  Apart from this, reservation for women has been increased to 50 per cent in local bodies. 

          Despite our many strengths, we face some serious challenges.  We should resolve today that we will meet these challenges as one people.  Our society often gets divided in the name of religion, State, caste or language.  We should resolve that we will not allow divisions in our society under any circumstance.  Tolerance and generosity have been a part of our traditions.  We should strengthen these traditions.  As we progress economically our society should also become more sensitive.   We should be modern and progressive in our outlook.

          Our Government has laid special emphasis on the welfare of our farmers and on increasing agricultural production.  After we came to power in 2004, we realized that the state of Indian agriculture in the preceding 7-8 years was not satisfactory.  Our Government increased public investment in agriculture.  We started new schemes for increasing production.  We encouraged agricultural planning at the district level.  I am happy that the growth rate of our agriculture has increased substantially in the last few years.  But we are still far from achieving our goal.  We need to work harder so that we can increase the agricultural growth rate to 4 per cent per annum.

          Our Government wants a food safety net in which no citizen of ours would go hungry.  This requires enhanced agricultural production which is possible only by increasing productivity.  Our country has not witnessed any big technological breakthrough in agriculture after the Green Revolution.  We need technology which would address the needs of dry land agriculture.  In addition, our agriculture should also be able to deal with new challenges like climate change, falling levels of ground water and deteriorating quality of soil.    In the history of Indian agriculture, Norman Borlaug commands a special place.  About 40 to 50 years back he developed new and more productive seeds of wheat.  Under the leadership of Smt. Indira Gandhiji, India achieved the Green Revolution by adopting these seeds.  I am happy to announce that the Borlaug Institute of South Asia is being established in India.  This institute would facilitate availability of new and improved seeds and new technology to the farmers of  India and other countries of South Asia.

          We have always taken care to provide remunerative prices to farmers so that they are encouraged to increase  production.  Support prices have been increased every year in the last six years.  The support price for wheat was enhanced to Rs.1,100 per quintal last year from Rs.630 per quintal in 2003-04.   In paddy, this increase was from Rs.550 per quintal to Rs.1,000 per quintal.  But one effect of providing higher prices to farmers is that food prices in the open market also increase.

           I know that in the last few months high inflation has caused you difficulties.  It is the poor who are the worst affected by rising prices, especially when the prices of commodities of every day use like foodgrains, pulses, vegetables increase.  It is for this reason that we have endeavored to minimize the burden of increased prices on the poor.  Today, I do not want to go into the detailed reasons for high inflation.  But, I would certainly like to say that we are making every possible effort to tackle this problem.  I am also confident that we will succeed in these efforts.

          It is obvious that any person or institution cannot spend more than his income over a long period of time, even if it is the Government.  It is our responsibility that we manage our economy with prudence so that our development is not affected adversely in the future because of high debt.  We import about 80 per cent of our requirement of petroleum products. After 2004, we have increased the prices of petroleum products much less compared to the increase in the price of crude oil in the international market.  The subsidy on petroleum products has been increasing every year.  It had become necessary therefore to increase the prices of petroleum products.  If this had not been done, it would not have been possible for our budget to bear the burden of subsidy and our programmes for education, health and employment of the poor would have been adversely affected.                                                                                                           

          In the 63 years after independence, India has covered a long distance on the path of development.  But our destination is still far away.  A large part of our population still suffers from persistent poverty, hunger and disease.  When our Government came to power in 2004, we resolved to build a new India under a progressive social agenda.  We wanted the fruits of development to reach the common man.  We initiated programmes especially targeted to the welfare of the socially and economically backward sections of our society.  We still stand committed to the welfare of the poor, the Scheduled Castes and Scheduled Tribes, minorities, women and other backward sections of our society.  But today we do not need many new programmes to achieve our goals.  However, we do need to implement the schemes we have already started more effectively, minimizing the chances of corruption and misuse of public money.  We want to achieve this in partnership with the State Governments, Panchayat Raj Institutions and civil society groups.

          Secularism is one of the pillars of our democracy.  It has been the tradition of our country and society to treat all religions with equal respect.  For centuries India has welcomed new religions and all have flourished here.  Secularism is also our constitutional obligation.  Our Government is committed to maintain communal peace and harmony.  We also consider it our duty to protect the minorities and provide for their special needs.  This is why we have started many new programmes in the last four years for the welfare of our brothers and sisters belonging to the minority communities.  These include scholarships for minority students and special programmes for the development of districts which have a high concentration of minorities.  These schemes have shown good results.  We will vigorously take this work forward.

          We have been giving special attention to education and health in the last six years.  Improvement in these two areas is an important component of our strategy for inclusive growth.  It is also necessary for higher economic growth in the years to come.  After independence, these two areas could not get the importance they deserved.  We tried to change this state of affairs in the 11th Plan.  Today, almost every child in our country has access to primary education.  Now, we need to pay more attention to secondary and higher education.  We also need to improve the quality of education at all levels.  It is our endeavour that every child, irrespective of whether he is rich or poor and which section of the society he belongs to, should be given an education that enables him to realize his potential and makes him a responsible citizen of our  country.  We will continue to implement the new schemes that we have started in the last six years in the areas of education and health with sincerity and hard work and in partnership with the State Governments.  We will soon bring a Bill to Parliament for constitution of two separate councils in higher education and health respectively so that reforms in these two areas can be accelerated.

          Nutritious food and good health services are necessary but not enough for ensuring good health of our citizens.  We also need cleanliness and good sanitation in our villages, towns and cities.  There are many diseases which would be difficult to prevent otherwise.  The truth is that our country lags behind in this area.  I consider it a primary responsibility of all our citizens to maintain cleanliness and hygiene around them.  I would like our children to be taught the importance of cleanliness and hygiene in schools from the very beginning under a campaign for a Clean India.  I appeal to the State Governments, Panchayat Raj Institutions, civil society groups and common citizens to make this campaign successful.

          Mahatma Gandhi had said that our earth has enough for everyone's need but not for everyone's greed.  Imprudent use of the earth's natural resources has resulted in the problem of climate change.  We need to use our natural resources with care and prudence.  It is our responsibility towards the coming generations to protect and preserve our forests, rivers and mountains.  Our government will endeavour to take care of environmental concerns in our projects for economic development.

          There is a large deficit in our physical infrastructure which affects our economic development adversely.  There is a shortfall in the supply of electricity to industries.  Our roads, ports and airports are not of world standards.  We have been trying to increase electricity production and improve our roads, ports and airports.  The resources required to create good physical infrastructure are difficult for the Government alone to mobilize.  Therefore, we have endeavoured to involve the private sector in our efforts.  The steps that we have taken after 2004 to improve our physical infrastructure have started bearing fruit now.  About one and half a months back, I dedicated a new terminal of the Delhi airport to the nation.  This is an excellent terminal which has been completed in record time. We will continue to make such efforts to improve our physical infrastructure.

          There has been much discussion recently on the issue of internal security.  If law and order in any part of India deteriorates or peace and harmony gets disturbed, the common man is adversely affected.  Therefore, it is one of the primary responsibilities of any government to maintain law and order so that the citizens can live and earn their livelihood in an atmosphere of peace and harmony.  Naxalism is a serious challenge to our internal security.  I pay tribute to the men and officers of our security forces who have became martyrs in the attacks by naxalites in the last few months.  I have stated this before and I say it again - our Government will fully discharge its responsibility to protect each and every citizen of our country.  We will deal firmly with those who resort to violence.  We will provide all possible help to State Governments to maintain the rule of law in areas affected by naxalism.  I once again appeal to naxalites to abjure violence, come for talks with the Government and join hands with us to accelerate social and economic development.  A few days back I took a meeting with the Chief Ministers of States affected by naxalism.  We will fully implement the consensus that emerged in that meeting.  I would like to repeat here a point that I made in that meeting.  It is imperative that Centre and States work together to meet the challenge of naxalism.  It would be very difficult for any State to tackle this problem without cooperation from the Centre and coordination between States.  We all need to rise above our personal and political interests to meet this challenge.

          As I have stated earlier, most naxalite affected areas lag behind in development.  Many such areas also have a large concentration of our adivasi brothers and sisters.  We want to end the neglect of these areas.  I have asked the Planning Commission to formulate a comprehensive scheme towards this end, which we would implement fully.  It is also our endeavour that our adivasi brothers and sisters join the mainstream of development.  They have been dependent on forest produce for centuries and this dependence should not end without the creation of new sources of livelihood.  Apart from adequate compensation for land which is acquired from them, we should also ensure that our adivasi brothers and sisters have a stake in the developmental project being undertaken.

          I would like to state one more thing in this context.  It is very necessary to make the administrative machinery more sensitive in areas affected by naxalism.  The government officials who work there should not only be sincere but should also be alive to the special needs of our adivasi brothers and sisters.   It is my hope that the State Governments will pay adequate attention to these requirements.

          We have a special responsibility towards the States of the North East.  We are trying to live up to that responsibility.  The North Eastern part of our country has been witness to some unpleasant incidents in the recent months.  I would like to convey to all political parties and groups of the North East that disputes in the name of State or tribe can only harm all of us.  Discussion and dialogue are the only options to resolve complex issues.  As far as the Central Government is concerned, we are ready to take forward every process of talks which could lead to progress in resolution of problems.

          In Jammu and Kashmir, we are ready to talk to every person or group which abjures violence.  Kashmir is an integral part of India.  Within this framework, we are ready to move forward in any talks which would increase the partnership of the common man in governance and also enhance their welfare.  Recently, some young men have lost their lives in violence in Jammu and Kashmir.  We deeply regret this.  The years of violence should now end.  Such violence would not benefit anyone.  I believe that India's democracy has the generosity and flexibility to be able to address the concerns of any area or group in the country.  I recently participated in a meeting with political parties from Jammu and Kashmir.  We will endeavour to take this process forward.  I would like to convey to our countrymen, especially our citizens in Jammu and Kashmir and in the North East, that they should adopt democratic means to join hands with us for their and country's welfare.

          We want prosperity, peace and harmony in our neighbouring countries. Whatever differences we have with our neighbouring countries, we want to resolve them through discussions.  As far as Pakistan is concerned, we expect from them that they would not let their territory be used for acts of terrorism against India.  We have been emphasizing this in all our discussions with the Pakistan Government.  If this is not done, we cannot progress far in our dialogue with Pakistan.

          I would also like to say something which is related to our glorious cultural traditions.  The use of harsh and unpleasant words in our political discourse has increased in recent days.  This is against our traditions of generosity, humility and tolerance.  Criticism has a place of its own in a democracy and in a progressive society.  However, criticism should not be undignified.  We should have the capacity to reconcile opposite points of view on important issues through debate and discussion.  I would request all political parties to consider this issue. 

          The Commonwealth Games will start in Delhi after about one and a half months.  This will be a proud moment for the whole country and especially for Delhi. I am convinced that all our countrymen will treat the Games as a national festival and will leave no stone unturned to make them a success.  The successful organization of Commonwealth Games would be another signal to the world that India is rapidly marching ahead with confidence.

          Our future is bright.  The day when our dreams will come true is not far off.  Let us all resolve on this anniversary of our independence that we will keep the flag of our nation flying high.  Let us march ahead together on the path of progress and prosperity.

          Dear children, please say Jai Hind with me.

 

 'JAI HIND'

'JAI HIND'

'JAI HIND'"

Topics

Acts Income Tax