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What makes Indian Prime Minister Narendra Modi special? by @LaShubham

Answer by Shubham Jaiswal:

His Accomplished in 2015

– Jan Dhan Yojana: More than 15 crore bank accounts opened, over 10 crore RuPay debit cards issued, with life cover, pension

– Corporate sector adopts prime minister’s ‘Swachch Bharat’ mission with promise of total sanitation by 2019

– Cooking gas now under direct-cash-benefit transfer scheme, with potential saving of $5billion annually in subsidies, plus Diesel prices de-regulated

– Foreign equity in rail infrastructure allowed, without limit

– Foreign equity cap in defence raised to 49 percent; 74 percent in case of technology transfer

– Fast-tracking of defence purchases: 36 Rafale fighters being bought, orders for several long-pending purchases placed

– Foreign equity cap in insurance and pension sectors increased to 49 percent

– Nod for IPOs/FPOs by banks to raise funds, as long as government equity remains 52 percent or over

– Nod for real estate and infrastructure investment trusts, with tax benefits

– Cabinet nod for Prime Minister’s 100 Smart Cities Project

– $130 billion proposed spending on railways over five years on schemes including high-speed trains

– Definitive steps forward in introducing pan-India goods and services regime

– Successful conclusion of two rounds of coal block auctions, more lined up

– Impasse in mining sector ended with passage of new bill for regulation and development

– Successful conclusion of auctions for telecom spectrum for mobile telephony and broadband

– Launch of ‘Make-in-India’, ‘Digital India’ and ‘Skill India’ initiatives with focus on defence and electronics, primarily to create jobs

– Mudra bank launched with Rs.20,000 crore corpus to extend loans of between Rs.50,000 and Rs.10 lakh to small entrepreneurs

– Commencement of divestment programme in public sector companies

– Disbanding of various ministerial groups for faster decision-making

– Adoption of 14th Finance Commission recommendation on far-reaching changes in sharing of revenues between the Center and the States

– Single-window scheme for various clearances to steel, coal and power projects

– Price stabilisation fund set up for agri-commodities to check inflation

– Warehouse Infrastructure Fund with Rs.5,000 crore corpus to increase shelf-life of farm produce (replace if possible)

– Clarity in tax treatment on income of foreign fund whose fund managers are located in India , as also on transfer pricing for resident and non-resident tax payers

– Panel set up under law commission chairman on issue of minimum alternate tax

Narendra Modi Lost the following things.

– He has lost his spiritual Guru Swami Dayanand Giri

– He has lost his pioneer : Ashok Singhal

– He lost path lighter & everyone loving : A.P.J. Kalam

What makes Indian Prime Minister Narendra Modi special?