New Delhi: Prime Minister Narendra Modi on Wednesday accused Congress of destroying Public Sector Undertakings (PSUs) like BSNL, MTNL, Hindustan Aeronautics Limited (HAL) and Air India, and stated that the grand previous celebration couldn’t hide from its ten years of ‘misrule’.
In his reply to the talk on the movement of because of the President’s deal with in Rajya Sabha, the Prime Minister got here down closely on the Congress for accusing his authorities of promoting PSUs and destroying them. He stated that at this time the BSNL which was destroyed throughout the UPA rule is rolling 4G and 5G networks throughout the nation. PM Modi highlighted that at this time HAL has achieved file income technology and has emerged as Asia’s largest helicopter manufacturing facility.
PM Modi on PSUs
“I was born in independent India and my dreams are independent. Congress said we sold PSUs and destroyed them. I want to ask them who destroyed BSNL and MTNL. Recall the state of HAL under Congress. They destroyed HAL and Air India. Congress party and UPA cannot run away from their failure. Today, the BSNL that you destroyed in it is moving towards Made in India 4G and 5G. HAL is showing record revenue generation and it has become Asia’s largest helicopter manufacturing factory. We have turned around the story. Today LIC’s shares are breaking records,” he stated.
PM Modi knowledgeable the House that the quantity of PSUs within the nation elevated from 234 in 2014 to 254 at this time, and most of them are giving file returns drawing the eye of traders.
He additional added that the PSU Index within the nation has witnessed a two-fold rise inside the final yr. “In the last 10 years, PSU’s net profit saw an increase from Rs 1.25 lakh crore between 2004 and 2014 to Rs 2.50 lakh crore, and the net value of PSUs increased from Rs 9.5 lakh crore to Rs 17 lakh crore,” he added.
PM Modi on financial system
PM Modi additionally highlighted that throughout the ten years of Congress rule, the Indian financial system confronted challenges, also known as “policy paralysis,” whereas beneath the NDA authorities’s tenure, India has persistently ranked among the many prime 5 economies globally.
“In the 10 years of Congress, the Indian economy was in fragile five. Congress’ government was known for policy paralysis. On the other hand, in our 10 years, India has been one of the top five economies. Our 10 years will be remembered for big and decisive decisions,” he stated.
“The Congress that brought India’s economy from number 12 to number 11 in 10 years and we brought India’s economy to number 5 in just 10 years and this Congress is here to give us long speeches on economic policies,” he added.
PM Modi stated that ‘Sabka Saath Sabka Vikaas’ isn’t just a slogan, it is ‘Modi’s assure’.
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