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August 25, 2026
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Bilateral trade and investment cooperation advances through customs alignment, digital payment integration, market access discussions and investment treaty completion.
India-Cambodia trade and investment cooperation addressed trade diversification, market access, customs alignment, digital payments and investment facilitation. Discussions covered traditional medicine, e-governance, recognition of the Indian pharmacopeia, trade statistics, agricultural cooperation, banking and insurance. The parties agreed on an MoU on Customs Cooperation to promote uniform customs procedures and considered early completion and signature of the Bilateral Investment Treaty. UPI-KHQR payment integration, investment promotion, priority-sector cooperation and a private-sector feedback mechanism were also discussed.
August 25, 2026
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Voluntary pharmaceutical export compliance framework promotes legitimate trade while safeguarding controlled substances through information sharing and coordinated capacity building.
The Memorandum of Understanding creates a cooperative framework for legitimate pharmaceutical exports and safeguards against diversion of narcotic drugs, psychotropic substances and controlled precursors. A voluntary, non-binding code of conduct will recommend industry practices without imposing obligations beyond applicable law. Cooperation includes identifying export bottlenecks, streamlining procedures for compliant exporters, capacity-building programmes, lawful and confidential information sharing, and nomination of company contact persons to coordinate voluntary compliance measures.
August 25, 2026
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USD-INR forex swap facility accelerates foreign-currency mobilisation through non-resident deposits and institutional borrowing, strengthening India's external buffers.
USD-INR forex swap facility for FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings enabled banks to access foreign-currency funding through a special swap window. FCNR(B) deposits formed the principal component of the reported foreign-exchange inflows, reflecting participation by non-resident Indians. The FCNR(B) window was scheduled for early closure after the stated mobilisation objective was achieved ahead of schedule, and the inflows were presented as strengthening external buffers through long-term non-resident deposits and institutional funding.
August 25, 2026
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Foreign-exchange intervention moderated rupee depreciation as crude prices, importer dollar demand and geopolitical uncertainty sustained currency-market pressure.
Foreign-exchange conditions reflected a marginal weakening of the rupee against the US dollar, influenced by elevated crude-oil prices, importer demand for dollars, weaker Asian equities and geopolitical uncertainty. The currency remained within a narrow trading band, with RBI dollar sales described as moderating sharper depreciation. The RBI's special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised substantial foreign-exchange inflows, indicating support from non-resident Indian participants.
August 24, 2026
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Prior government sanction for public servants is contested as essential before money-laundering proceedings may validly proceed for official-duty acts.
Prior prosecution sanction is asserted to be a jurisdictional precondition for money-laundering proceedings against a public servant for acts connected with official duty. A former police officer challenges cognizance and process for want of sanction under the criminal procedure framework and the Maharashtra Police Act, relying on sanctions subsequently granted for co-accused public servants. The allegations concern collection of funds through the officer and their alleged laundering through an educational trust.
August 24, 2026
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Rupee exchange-rate movement gained marginal support from foreign equity inflows despite crude oil, importer demand and geopolitical pressures.
Rupee exchange-rate movement against the US dollar reflected a marginal appreciation, supported by foreign fund inflows into domestic equities. Trading remained within a narrow range amid pressures from higher crude oil prices, continuing importer demand, and geopolitical concerns. Market conditions also included a stronger dollar index, lower Brent crude futures, domestic equity declines, and net foreign institutional investment. Elevated oil prices and geopolitical uncertainty indicated a slight negative bias, while possible US dollar weakness could support the rupee.
August 24, 2026
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Retaliatory trade measures may target electricity, critical minerals and integrated automotive supply chains amid escalating cross-border tariff disputes.
Canada-United States trade relations involve escalating tariffs and contemplated reciprocal restrictions affecting goods, automotive production, electricity exports and critical-mineral supplies. Potential Canadian countermeasures include limiting or increasing the price of Ontario electricity exports and restricting supplies of critical minerals, with oil and potash also identified as possible leverage. The automotive sector faces particular exposure because Ontario production and supply chains are integrated with United States manufacturing. Negotiations also raised concern over limits on Canada's ability to conclude trade agreements with other countries without United States approval.
August 24, 2026
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Mandatory biometric updates for students support continued Aadhaar authentication and access to education, scholarship and benefit-related services.
Mandatory Biometric Update camps have been launched in schools across Tamulpur district, Assam, for eligible students aged 5 to 17 years to update Aadhaar biometrics. Aadhaar biometrics require updating on attaining five years of age and again on attaining fifteen years. Timely updating supports continued Aadhaar authentication and helps avoid difficulties in accessing services where authentication is applicable, including school admissions, entrance-examination registration, scholarships and Direct Benefit Transfer schemes.
August 24, 2026
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Electricity tariff affordability requires immediate review, withdrawal of higher consumer charges, and relief measures for economically weaker households.
Electricity tariff increase in Jammu and Kashmir has been opposed as imposing an unjustified and unaffordable financial burden on domestic consumers amid rising household costs. Immediate review and withdrawal of the increase are sought, together with measures to reduce electricity costs for domestic consumers, particularly economically weaker sections, and ensure affordable, reliable power supply.
August 24, 2026
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Wheat export liberalisation replaces prohibitions to support farm prices while domestic stocks are expected to protect consumer supply.
Wheat and wheat-product exports are liberalised with immediate effect by revising their export policy from prohibited to free. The change covers wheat, wheat flour, maida, semolina and wholemeal atta, replacing the earlier export-ban framework and simplifying exports previously permitted through licences. The measure aims to support farmers amid depressed domestic prices, while adequate domestic availability and buffer stocks are expected to meet demand and moderate consumer prices.
August 24, 2026
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Food safety compliance failures trigger licence suspensions for deficient hygiene, storage, refrigeration, sanitation and valid licensing practices.
Food safety enforcement measures resulted in suspension of food licences or registrations where establishments failed hygiene, food handling, storage, refrigeration, sanitation and licensing requirements. Deficiencies included unsafe temperature control, unclean refrigeration equipment, improper food storage and thawing, inadequate sanitisation, deteriorated or expired materials, deficient oil-quality checks, artificial colouring, pest infestation, cross-contamination risks and inadequate drainage. One outlet was also found to be operating under the name of an establishment without a valid food licence, resulting in suspension of its registration certificate.
August 24, 2026
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Central Board Governance expands through appointments of part-time non-official directors for defined terms, alongside central bank and government representatives.
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August 24, 2026
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Electricity tariff adjustment is linked to inflation and transmission losses, while free household units remain separately implemented.
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August 24, 2026
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Sugar supply management measures target speculative stockpiling through imports, stockholding limits and earlier crushing to moderate prices.
Sugar supply is characterised as adequate, and higher prices are attributed principally to speculative buying and advance stockpiling, alongside lower output, seasonal demand and global price pressures rather than an actual shortage. Duty-free raw sugar imports and stockholding limits are intended to augment availability, curb speculative accumulation and stabilise market sentiment. Imports, existing stocks, special crushing and an earlier crushing season are expected to moderate prices and improve festive-period supply. Ethanol diversion is not identified as a cause of the price movement.
August 24, 2026
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Wheat export policy shifts to free trade, lifting restrictions on wheat flour, maida, semolina and wholemeal atta exports.
Wheat export policy has been revised from prohibited to free with immediate effect, lifting the export ban on wheat and related wheat products. The liberalised export treatment extends to wheat flour, maida, semolina and wholemeal atta. The restriction had been imposed to address rising domestic prices, and its removal is expected to improve international wheat availability.
August 24, 2026
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Bogus input tax credit fraud investigation examines fabricated invoices, circular transactions, layered funds and alleged proceeds of crime.
Investigation into alleged bogus input tax credit fraud involved searches under the anti-money-laundering framework. The alleged scheme involved fabricated invoices and e-way bills without actual movement of goods, circular transactions, layered funds, cash withdrawals and bogus or non-existent entities. GST authorities identified fraudulent availment of input tax credit causing wrongful loss to the government exchequer. The investigation focused on tracing alleged proceeds of crime, identifying beneficiaries, and securing documentary and digital evidence.
August 24, 2026
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Sugar crystallization process integration combines evaporator upgrades, continuous boiling, heat recovery and automation for efficient plantation white sugar production.
Sugar manufacturing process integration is proposed through strengthening an existing evaporator station and adding a sugar crystallization section to convert syrup production into plantation white sugar production. The scope covers design, engineering, equipment supply, erection and commissioning of condensate heaters, falling film evaporators, heat-recovery systems, continuous pans, vacuum systems and crystallizers. Continuous massecuite boiling will use chamber-specific control, while evaporator recirculation and online chemical-cleaning provisions support process control and low-grade vapour utilisation.
August 24, 2026
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Competitive examination preparation supports career pathways in civil services, public employment, management, defence, research and international higher education.
Career-development and competitive-examination preparation is offered alongside academic programmes for civil services, government and public-sector employment, banking, engineering higher education, management, defence, teaching, research and overseas education. UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS preparation includes courses, workshops, mentorship, expert guidance and examination-specific resources. Access to examinations, admissions and career opportunities remains subject to applicable eligibility, selection and institutional criteria.
August 24, 2026
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Corporate governance professionals gain expanded training infrastructure as Hyderabad's new Chapter Office supports Company Secretaries and students.
Institute of Company Secretaries of India has inaugurated a Chapter Office in Hyderabad to expand infrastructure for professional education, training, examinations, meetings, capacity-building programmes and stakeholder engagement. The facility is intended to support Company Secretaries and students and enable wider professional and educational activities. Company Secretaries are identified as corporate governance professionals, with expanding regulatory requirements and the formalisation and listing of micro, small and medium enterprises creating potential demand for qualified professionals.
August 24, 2026
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Diversified pharmaceutical growth combines branded portfolio expansion, contract manufacturing, merchant exports, and regulatory registrations for international market development.
Curis Lifesciences Limited plans a diversified pharmaceutical strategy spanning domestic branded products, contract manufacturing and international market development. Its majority acquisition of Uninova Lifesciences is intended to strengthen own-brand marketing, distribution and portfolio expansion, including injectable products through third-party manufacturing. International initiatives include merchant exports in Kenya and a Nigerian joint venture pursuing own-brand regulatory registrations alongside contract-manufacturing and export opportunities. Commercial development in Nigeria remains contingent on relevant licences and purchase orders, while projections are subject to regulatory, market and other business factors.

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Customs, DGFT & SEZ

Prime Minister's Independence Day Address

August 15, 2011

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The Prime Minister, Dr. Manmohan Singh addressed the nation today from the ramparts of Red Fort on the occasion of the 64th Anniversary of Independence of the country. Following is the English rendering of the Prime Minister Speech:

“My dear countrymen,

I heartily greet 120 crore Indians on the 64th anniversary of our independence.

I have been addressing you from the historic Red Fort for the last seven years. In these seven years, our country has achieved much.  During this period, we have travelled rapidly on the path of development and have seen success in many areas.  However, I am also well aware that a lot remains to be done.  We have to banish poverty and illiteracy from our country.  We have to provide the common man with access to improved health services.  We have to provide employment opportunities to each one of our youth. 

                The road ahead is long and arduous.  Particularly, the prevailing situation both inside and outside the country is such that if we do not act with understanding and restraint, our security and prosperity can get adversely affected.  The world economy is slowing down.  The developed countries especially America and countries of Western Europe are facing economic problems. There is unrest in many Arab countries of the Middle East.  There are some people who want to create disturbances in the country so that our progress gets stalled. All this can have a negative impact on us.  But we will not let this happen.  I know that if we work together, we can face any challenge.  However, it is necessary that we rise above personal or political interests and build consensus on issues of vital national importance.

                We are building the edifice of modern India on the foundation of the hard work and sacrifices of our soldiers, our farmers and our workers. We will not let their hard work and sacrifices go waste.  We will convert the dreams of our freedom fighters into reality.

                In the last seven years, our government has strived for political stability and social and economic progress.  We have established an environment of communal harmony in the country. 

                In these seven years, the pace of our economic development has been rapid.  We have achieved this success despite the global economic slow-down of 2008 and rising prices of energy and commodities in world markets.

                We have strived for reducing inequalities in the country.  In the last seven years, we have taken special care of the needs of our brothers and sisters from the Scheduled Castes and Scheduled Tribes, minorities, women and children.

                We have enacted laws which would guarantee our people their basic entitlements.  After the rights to education, employment and information, we will soon enact a legislation for providing food security to the people.

                In the last seven years, our relations with various countries of the world have strengthened and deepened. It is only the result of our hard work that today we have much more self respect and self-confidence in ourselves.

                These successes are not ordinary. Today the world recognizes our potential to be one of the major economic powers globally.  But the problem of corruption is a big obstacle in such a transformation.

                In the last few months many instances of corruption have come to light.  In some cases, functionaries of the Central government face allegations of corruption.  In other cases, it is the functionaries of various State governments.

We are taking the strictest possible action in cases of corruption that have surfaced.  These cases are sub-judice and hence I will say nothing more on this subject.

                It is essential that when we consider these issues, we do not create an atmosphere in which the country`s progress comes into question.  Any debate on these matters should reflect the confidence that we can overcome these challenges.

                Corruption manifests itself in many forms.  In some instances, funds meant for schemes for the welfare of the common man end up in the pocket of government officials.  In some other instances government discretion is used to favour a selected few.  There are also cases where government contracts are wrongfully awarded to the wrong people.  We cannot let such activities continue unchecked.

                I believe that there is no single big step which we can take to eradicate corruption.  In fact, we will have to act simultaneously on many fronts.

                We will have to improve our justice delivery system.  Everyone should know that quick action will be taken against the corrupt and punishment meted out to them.  If our system delivers justice in an effective manner, government officials would think twice before committing a wrong act out of greed or under political pressure.

                We want a strong Lokpal to prevent corruption in high places.  We have recently introduced a Bill in Parliament to achieve this.  Now only Parliament can decide what type of Lokpal legislation should be enacted.  I am aware of the differences of opinion on some aspects of the Bill.  Those who don`t agree with this Bill can put forward their views to Parliament, political parties and even the press.  However, I also believe that they should not resort to hunger strikes and fasts unto death.

                It is not appropriate to bring the judiciary under the ambit of Lokpal.  We believe that any such provision would go against the independence of the judiciary.  However, we do need a framework in which the judiciary becomes more accountable.  It is with this aim that we have introduced the Judicial Accountability Bill in Parliament.  I am confident that this Bill will be passed soon.

                An alert press and an aware citizenry can be very helpful in the fight against corruption.  The Indian press is known for its independence and activism throughout the world.  The Right to Information legislation that we have enacted has enabled our press and people to keep a strict watch on the work of the government.

                Today many government decisions, which in the absence of this Act would escape public scrutiny, are coming to light.  I believe that this is a big step forward in eradicating corruption.

                Many times, government discretion is misused in allocation of scarce resources and in the grant of clearances.  We have examined this issue.  We will put an end to such discretionary powers wherever possible.

                Any government awards contracts worth thousands of crores every year.  There are frequent complaints of corruption in these decisions.  We had constituted a committee to suggest measures to reduce corruption in government purchases.  The committee has recommended that, like many other countries, we should also have a public procurement legislation which lays down the principles and practice with regard to government purchases.  We will introduce a Bill in Parliament by the end of this year to enact such a law.

                In recent years, we have established independent regulatory authorities in many areas.  These authorities discharge many responsibilities which were earlier in the domain of the government itself.  We have no legislation which would enable monitoring of the work of these regulatory authorities and make them more accountable, without, however, compromising their independence.  We are also considering enactment of such a law.

                I have said so much on corruption because I know that this problem is a matter of deep concern for all of us.  However, this is a difficulty for which no government has a magic wand.  We are taking simultaneous action on many fronts in our fight against corruption.  We want all political parties to stand shoulder to shoulder with us in this fight.  To eradicate corruption, we have introduced, and will introduce, many Bills in Parliament.  I hope that all political parties will cooperate in the process of converting these Bills into statutes.  On the issue of corruption, I would like to say in the end that we can win the fight against corruption only when each and every citizen of India cooperates in it.

                I congratulate the country`s farmers for their achievements this year.  The production of foodgrains has been at a record level.  Wheat, maize, pulses and oilseeds have all seen record levels of production.  It is because of the hard work of our farmers that today there are proposals for export of foodgrains, sugar and cotton.

                We need a second Green Revolution in agriculture.  We can tackle the problem of rising food prices only by increasing agricultural production and productivity.  We also need to increase agricultural production to implement a food security law.  We will accelerate our efforts in this direction in the 12th Plan.

                Today, I wish to assure our farmer brothers and sisters, particularly those who are small and marginal, that we will continue to take care of their special needs.  It will be our endeavour to ensure that our farmers have easy access to fertilizers, seeds and credit.  We also want to provide the best possible irrigation facilities to the farmers so that their dependence on rains is reduced.

                Our country is passing through a phase of sustained high inflation.  Controlling rising prices is a primary responsibility of any government.  Our government fully understands this responsibility.  We have continuously taken steps to rein in prices.  Some time we have been confronted with a situation in which the reasons for rising prices lay outside the country.  The prices of petroleum products, foodgrains and edible oil have risen steeply in international markets in recent times.  Since we import these products in large quantities, any rise in their prices adds to inflationary pressure in our country.  Sometimes we have been successful too in controlling inflation.  But this success has not proved lasting.  A few days back, the people`s concern at rising prices was also reflected in a discussion in Parliament.  I wish to assure you today that we are continuously monitoring the situation to find out what new steps can be taken to arrest rising prices.  Finding a solution to this problem will be our top-most priority in the coming months.

                I am fully aware of the tensions caused in some parts of the country because of acquisition of land for industry, infrastructure and urbanization.  Our farmers have been especially affected by such acquisition.  Land acquisition is no doubt necessary for projects of public interest.  But it should take place in a transparent and fair manner.  The interests of those whose livelihoods are dependent on the land being acquired should be fully protected.  We will ensure that no injustice is done to anyone in the process of land acquisition.  Our government wants to replace the 117 year old land acquisition law by a new Land Acquisition and Rehabilitation law which is forward looking and balanced.  We have already prepared a draft legislation and have initiated steps to build consensus on it.  We will soon introduce a Bill in Parliament to this end.

                We are satisfied with our achievements in the last seven years in the areas of education and health.  Whether it is elementary education, secondary education or higher education we have taken concrete steps for improvements at all levels.  This has shown good results.  In the last few years, fundamental changes have taken place in the area of education.  Today every citizen has a right to elementary education.  We are now considering universalization of secondary education.  Vocational education and skill development have acquired a new importance.  In view of these major changes, it is necessary that we consider all aspects of education in a comprehensive manner.  Therefore we have decided to appoint an education commission to make recommendations for improvements at all levels of education.

                I have often referred to the 11th Five Year Plan as an education plan.  We will lay the same emphasis on health in the 12th plan as we laid on education in the 11th plan.  I will propose to the National Development Council that the 12th plan should be specially focused on health.  I also promise that funds will not be a constraint in the important areas of education and health.

                For a long time our country had no facility for health insurance for workers in the unorganized sector.  In 2008, we began the Rashtriya Swasthya Bima Yojana for workers in the unorganized sector who are below the poverty line.  In the last year we have covered those getting employment under Mahatma Gandhi Rural Employment Act and also domestic workers, street vendors and beedi workers under this scheme.  Today the Rashtriya Swasthya Bima Yojana covers about 2 crore 50 lakh workers.  Our government will endeavour to cover as many unorganized sector workers as possible under this scheme.

                We are continuously strengthening the physical infrastructure in our country.  This is an area which requires very large investments.  It is for this reason that in the last seven years we have pursued policies which encourage investment in infrastructure.   As a percentage of GDP, investment in this area has grown more than one and a half times in the last seven years. There have been improvements in our capacities in the petroleum sector and power generation, and in our airports, roads, especially rural road, and ports.  As an illustration, the capacity in power generation that we are going to add in the 11th plan will be twice that of the 10th plan.  In the 12th Plan, we will further accelerate investment in infrastructure.  We will pay special attention to the remote areas of our country and to rural areas.  Connecting such areas by rail and road will get the top most priority.

                We have taken a major step this year for our poor brothers and sisters living in cities.  Recently we have approved the Rajiv Awas Yojana.  We want to make India slum free through this scheme.  We want the slum dwellers to get ownership of clean houses and have access to basic amenities like water and electricity.  We will implement the Rajiv Awas Yojana as a national mission together with the States. 

                Malnutrition in our women and children is a matter of concern for all of us.  We have taken a number of steps to tackle this problem, including two new schemes.  We have also decided that we will start implementing an improved Integrated Child Development Services scheme within the next six months so that the problem of malnutrition in children can be effectively addressed. 

                The figures of census 2011 show improvements in most areas.  But it is a matter of deep regret for us that the sex ratio has shown a decline from the level of the last census.  For an improvement in this state of affairs, it is not only necessary to implement the existing laws effectively but it is also essential to change the approach with which our society views girls and women.  I would especially appeal to the State governments and social service organizations to take steps for empowerment of women and for improving their status in society.

                Last month`s terrorists attacks in Mumbai warn us that there cannot be any slip up in our vigilance as far as the fight against terrorism is concerned. This is a long battle to be fought jointly by the Central Government, the State Governments and the common man.  We have been steadily strengthening our intelligence and security agencies and will continue to do so in the future also. 

                We are also taking all possible steps to overcome the challenge of naxalism.  We want to eradicate the very reasons which give rise to this problem.  Therefore we have started a new scheme for the accelerated development of 60 backward and tribal dominated districts.  An amount of Rs. 3300 crore will be spent on this scheme in a period of two years.

                Preserving our environment even as we develop rapidly is a huge challenge for us. Climate change poses a threat to both our development processes and our natural resources.  We have established eight missions on climate change and are working hard to implement these missions.  We have set up the National Ganga River Basin Authority for the protection and cleaning of river Ganga.  We have also established the National Green Tribunal for quick disposal of cases involving environmental issues.  In the coming months, we will constitute an environmental assessment and monitoring authority to streamline the process of environmental clearances.

Our society and country are changing rapidly because of our fast economic growth.  Today our people look towards the future with new hope.  They have higher aspirations.  Our young men and women strive for path breaking achievements.  We should all build an environment in the country in which the energy and enthusiasm of the people are channelised into activities of nation building.  Our institutions should encourage constructive utilization of the potential of our people.  Our entrepreneurs and businessmen should not feel constrained in their activities.  Our industrialists should have the opportunity to set up new industries so that our youth can get additional avenues for productive employment.  We should all stay away from politics that create suspicion or apprehension amongst those connected with industry, business and investment.

                It is not an ordinary achievement for our democracy with a population of 120 crore and so many religions, languages and cultures to march rapidly ahead on the path of development.  I congratulate the people of India on this achievement.  But we must ensure that inequalities do not increase even as we develop rapidly. 

                We have embarked on a journey to transform our huge and diverse country through rapid development.  A development which benefits every citizen of the country.  It is natural that tensions would sometimes arise in this process of change.  In a democracy, such tensions also become issues of political polarization.  We should endeavour that even as political parties oppose and engage in debate against each other, the pace of our progress does not get affected.

                We should also have faith that our democracy, our institutions and our social ideals and values have the capacity to deal with any difficulty.  We should all have faith in ourselves.  The faith that we can build a promising future for ourselves.  The faith, that united we can do the most difficult of tasks.  Let us all resolve to build a bright future for our country.

Dear Children, join me in saying

Jai Hind

Jai Hind                          

Jai Hind.”

 

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