Raigad (Maharashtra): Prime Minister Narendra Modi on Saturday articulated that demonetisation is only short term pain for long term gain, adding that the present regime would not shy away from taking difficult decisions that are in the interest of the country.

“Demonetisation is only short term pain for a long term gain. We will continue with sound economic policies to ensure India’s bright future in the long run,” he said.

Speaking at the inaugural function the National Institute of Securities Markets (NISM) in Raigad, Prime Minister Modi said that India is being seen as bright spot and to see how far India has travelled one should look back to 2012-13 when the currency was falling sharply.

“India has earned a good name for its well regulated securities markets,” Prime Minister Modi said.

The Prime Minister Modi also expressed the view that public investment has increased in the last three years and progress has been made in ease of doing business.

“Constitutional amendments on GST that remained pending for years has been passed and the long awaited GST will soon be a reality,” he said.

“For financial markets to function successfully, participants need to be well informed,” he added.

Prime Minister Modi further said that those who profit from financial markets must make a fair contribution to nation-building through taxes.

Highlighting the progress made by the Indian economy the Prime Minister said, ” SEBI should work for closer linkage between spot markets like e-NAM and derivatives markets to benefit farmers. The country has made progress and improved the ease of doing business as foreign direct investment(FDI) has now reached record levels.”

The Prime Minister asked stock markets to raise capital in innovative ways for projects in agriculture.

“Government is very keen to encourage start-ups as stock markets are essential for the start-up ecosystem,” he added.

Earlier, Prime Minister Modi arrived in Raigad to inaugurate the new campus of the National Institute of Securities Markets in Panvel.

During his one-day-visit to the state, the Prime Minister will also lay the foundation stone for the grand memorial of Maratha warrior king Chhatrapati Shivaji Maharaj on an island in the Arabian Sea off Mumbai and a metro project in Pune.

ANI

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NEW DELHI: Prime Minister Narendra Modi launched the second International Yoga Day celebrations in Chandigarh on Tuesday. PM Modi addressed thousands of people gathered for asanas at Chandigarh’s Capitol Complex. Over 30, 000 people, including 100 differently-abled children, participated in the event, which began at 6.30am. The theme of this year’s event is to ‘Connect the Youth’.

Here are the highlights from the PM’s address on Yoga Day:

• Yoga talks about what you will get in this life. It is not a science of afterlife
• This is a day linked with good health and now it has become a people’s mass movement
• The way mobile phone has become a part of life, you can make yoga a part of your life too
• The UN is celebrating International Yoga Day all over the world. It was started last year on India’s request. This day was picked as it is the longest day and the Earth is closest to the Sun
• I really feel some people don’t fully understand the power and benefits of Yoga
• The world supported the idea of International Day of Yoga. All sections of society came together in this endeavour
• This is a day linked with good health and now it has become a people’s mass movement
• Yoga is not about what one will get, it is about what one can give up
• With zero budget, yoga provides health assurance. Yoga does not discriminate between rich and poor
• Important to integrate yoga with our lives. Do not wait, make yoga a part of your life
• Let’s make yoga more popular globally. Let India produce good yoga teachers
• Today more and more gynaecologists are recommending yoga for pregnant women
• Yoga will connect you to yourself, which is vital in these times when everyone is so busy
• Let’s focus on one thing in the coming days, how to mitigate diabetes through yoga. Diabetes can surely be controlled through yoga

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