Kochi Metro all set for commercial operations


Kochi Metro all set for commercial operations

Kochi June 16 () The prestigious Metro Kochi Kerala is ready for commercial operations with Prime Minister Narendra Modi opened tomorrow.

He claims that it is the country’s first integrated multi-model transportation system, should improve regional connectivity and relieve traffic congestion in Kochi, Kerala shopping center.

The first phase includes a section of between 13 km and Aluva Palarivattom.
Security has been strengthened in the city of Kochi and its surroundings for the visit of the prime minister.

The inauguration of the Metro Kochi will be held at Jawaharlal Nehru International Stadium at 11 am.

The prime minister, who must arrive here at 10.15, can enjoy a ride on the underground train to Kochi Palarivattom Pathadippalam.

He will return to Palarivattom on the same train with dignitaries before the stadium for the opening ceremony, authorities said.

Minister of Urban Development M Venkaiah Naidu, Governor of Kerala P Sathasivam, Prime Minister Pinarayi Vijayan, the opposition leader at the Kerala Assembly, Ramesh Chennithala, MP of Ernakulam KV Thomas and the ‘Metro Man’ E Sreedharan Share The stage with Modi, among others, during the inauguration.

Kochi Metro officials said that the introduction of a world-class metro system in Kochi improve the quality of life of Kochi Grand Metro improve regional connectivity and overcrowding reduction, traffic congestion, transit time, air pollution and noise.

The Kochi Metro Rail Ltd (KMRL), which started five years ago in order to build and operate a metro line, attempting to be a provider of urban transport solutions in Kerala, said those responsible.

They said that being the country’s first metro system with integrated multi-model transportation system, Kochi Metro not only give the city a much-needed cosmetic surgery, but also put an end to extreme connectivity.

A unique aspect of subway stations will be the deployment of members of Kudumbasree – the project of the self-help group for poverty reduction focused on empowering women, the Kerala Government, for station operations management.

Kudumbasree offer a wide range of customer relationship management services to multitude of cleaning and restoration, which, once in operation, will be the largest group of women to be used by anyone what underground.

In addition, each subway station has been designed around a theme of Kerala culture and geography.

KMRL also included the LGBT community in its operations with Kudumbashree, becoming the first organization to designate transgenderers according to the transgender policy of the state government.

Chinese court sentences fugitive tycoon’s staff to prison

Chinese court sentences fugitive tycoon's staff to prison

Chinese court sentences fugitive tycoon’s staff to prison

A court in north China Friday condemned three employees working for billionaire fugitive property Guo Wengui, who has been caught in a political rivalry with the Communist Party in power.

The Dalian Xigang People’s Court announced prison terms of less than three years for employees who prosecutors said they had been ordered by Guo forgery of financial documents to obtain loans from a state bank. Two employees were sentenced to suspended terms, which means they can not exceed the last hours behind bars, while Beijing development company, Beijing Pangu Investment Co., also received a fine of 36 million.

The case has not called Guo as a defendant, but Chinese authorities have stepped up pressure against the runaway tyrant who vowed to expose sensitive information about key party officials unless government communications employees and family members in China .

Dalian The case was the first criminal case against Guo companies since China filed a motion in April with Interpol with a “red notice” for its worldwide detention. Chinese officials have indirectly accused Guo of a long list of alleged crimes, including conspiracy for superior intelligence to criticize a Beijing city official who had blocked a Pangu development project.

Guo, named Miles Kwok, fled China and now lives in a $ 68 million apartment overlooking Central Park in New York. He is a member of the Sea-to-Lake President station of Donald Trump Florida.

He cultivated a vast social media monitoring and made sensational, if not largely proven, accusations against his enemies and senior officials who direct journalists against the corruption of the watch party that investigated China abroad, which he said, Are part of a Chinese espionage network.

At the heart of Guo allegations, there have been allegations of misconduct and links between the family of permanent member of the Politburo Standing Committee Wang Qishan and the HNA Group, the conglomerate behind Hainan Airlines has closed a series of catchy acquisitions throughout the world. HNA announced Thursday it has filed a defamation suit against Guo.

In recent weeks, Guo has publicly suggested that he was in communication with senior party officials and found that his family members are allowed to leave China to visit briefly in New York, and noted that negotiations could be underway to put End to stagnation. Meanwhile, David Bies has been hired to represent him.

It is unclear whether Guo will continue its daily flow of revelations on YouTube and Twitter after the resolution of the Dalian case. He did not immediately respond to a request for commentary on the phrases, or under what conditions he would consider his fight with the party as a whole. Guo told the AP recently that his main goal was to get the release of his family and employees and identify their strengths in China – not to campaign to undermine the Communist Party.

In a report on the issue of Dalian, the official Xinhua news agency said investigators suspect other companies related to corruption, embezzlement, illegal detention and forced transactions, suggesting that the government collected additional evidence and could still File cases against other companies Guo.

Dalian verdict came shortly before Guo did an interview with a Chinese-language online media company based in New York, which had promised earlier, contains new explosive revelations.

In China, a Store of the Future—No Checkout, No Staff

In China, a Store of the Future—No Checkout, No Staff

In China, a Store of the Future—No Checkout, No Staff

At 20 hours. One night earlier this week, in a dark campus without an option to take a snack after night study, Wei Li, a computer science specialization at Hefei University, saw a breakthrough of the future of the sale retail.

Parked with a large open plaza on campus was a vehicle like a bus. With its floor to ceiling glass front, you can see stacked shelves with red boxes.

At the entrance, Wei Li has come a QR code using his iPhone. A glass door opened, and he entered a store with no money or personal cash.

A holographic human face with a calm expression and splashes of good cut greeted. There was no sound, only a movement of the face from side to side.

Li said he was impressed with the range of products sold there are: fruit, chips, coffee, magazines and even shoes, each with a barcode package. He liked the ease with which he could buy: all he had to do was to scan the bar code using a smartphone application with stored credit card information.

As he approached the exit, another glass door automatically opens to drop it.

It was Moby’s shop, launched by Wheelys, centralized commissioning based in Stockholm. Initially focused on making coffee that can be moved from one place to another on the bike, the company is testing an open 24/24 shop model in its entirety by technology.
The Moby store is an unmanned store that can be moved from one place to another.

Purchases are made using an application to scan a bar code and pay through the phone.
Its testing site is located on the campus of Hefei University, about 450 kilometers west of Shanghai, where Wheelys works with the master in the backbone technology of the stores.

Li, who is not working on this research, saw the vehicle crossing the campus with a friend and decided to try. There have been questions about how the store can handle many people while shopping together and how it will prevent theft. “There’s a huge influx of people right after school,” Li said.

Unlike taxis and hospitality, who are experiencing a change in China, as they are all over the world by transport companies and shared houses like Uber and Airbnb, brick and mortar retail n has yet to experience a Important technological change.

Amazon, however, is testing a similar free shopping concept in its Amazon GB store for Seattle employees (see “Amazon grocery has no single payment”).
Wheelys cofundateurs decided to try China instead of Sweden, partly because of the large Chinese population, but more because of the country’s almost ubiquitous adoption by paying for their phone.

About 60 percent of the 175 million transactions a day processed by the Chinese company Alipay online payments in 2016 were made by mobile phone, better than the effective Alliance.

Combined with rising rents and wages in many places, it becomes more expensive to maintain than small businesses. Bo Wu, who oversees Wheelys operations in Shanghai, said he has received many inquiries from top supermarket owners looking to gain a competitive advantage by becoming unmanned.

With the relocation of its research department and development and design department from Sweden to China. It also locates Himalafy, a telephony company that focuses on the development of automated warehouse system in China.

One of cofonders, by Cromwell, indicates that the next step for Wheelys is to improve the technology that drives its mobile bus. Security is a great aspect.

For this Wheelys worked with Hefei University to develop a system that includes customer biometrics, including the method works because it scans the QR code and uses sensors on the shelves to detect the extraction of the elements.

Buyers must register in advance for an account. Once an article has been deleted, it relates to customer identification in the smartphone application to prevent theft.

As America’s Trapped In Ideological Civil War, China Advances Economy

As America's Trapped In Ideological Civil War, China Advances Economy

As America’s Trapped In Ideological Civil War, China Advances Economy

While the United States engage in an ideological civil war over the role of government in the economy, China has continued to advance its economy under a stable, yet authoritarian, regime.

Many analysts have pointed out that China has the opportunity to become a world leader on several fronts: economy, international relations, environment, while America’s legislative power stops and legislation adopted in the United States and China ended when The president assumed the position Trump could not throw it in a more pronounced relief.

America, polarized and paralyzed

Economically, the United States divides itself into supporters of Trump, who advocate privatization of markets and public goods, including national monuments, Medicare air traffic control and infrastructure.

Trump supporters also support policies that focus on reducing trade and redistributing jobs. On the other hand, Trump opponents, who support accessible medical care, free trade, environmental protection, the creation of jobs in the “green” sector. Donald Trump has acted as a flash of this polarization controversy, which resulted in national legislative congestion and discontent.

How many types of trade, after all, was adopted during the Trump government? Nothing is really meaningful.

Trump has issued executive orders that have an impact on the economy, including a countervailing duty order, which were implemented in Chinese steel imports last year, one can afford offshore drilling and an order for the government to United States to buy and hire more American workers and products. None of these are considered important, which would require the approval of the Legislature.

China, loading speed

But Trump since the opening date of January 20 this year, the various departments of the Chinese government have passed hundreds of minor measures and several major economic measures, including measures to be a major financing to promote services exports Of high value added, that regulate the management of dangerous assets, changing the evaluation of the exchange rate, the strengthening of policies of excess capacity and the reform of public companies, among others.

These are the major and economic changes that reflect China’s determination to restructure its economy while controlling risk. In addition, the policy of A strap of a China road, which aims to build infrastructure in Europe, Asia and Africa will have a significant economic impact in China and the world, the United States plays a supporting role rather than leader. …………………………………….. ….




As we all know, Australia has a long list of animals, insects and even plants that could kill us. From blue rock to octopus to the great white shark, Australia is a land of poison, sting and sting, home to some of the world’s most deadly and dangerous wildlife.

Travel a few million years and Australia was even more dangerous. The mega-fauna and flora, the enormous birds and the terrifying reptiles have littered the Australian landscape.

Not surprisingly, Palaeontologists at Flinders University revealed that Australia was home to at least five species of giant birds. One of these birds was a turkey the size of an adult gray kangaroo floating in the treetops.

“It was quite surprising because, previously, we suspected that there were maybe one or two extinct species whose identity was uncertain, we found out that there were five different species in Australia before the ‘ Arrival of human beings on the continent, “said lead author of Research and Ph.D. at Flinders University Elen Shute said.

The extinction of Megapode lived in Australia more than 10,000 years ago. Unlike their gigantic flying cousins, the turkey had the ability to fly because of their fine bone structure (they weighed only 8 kilograms).

According to the researchers, despite their “nuggety” bodies, these turkeys will roll in the treetops. This could be because they lacked feet capable of digging mounds like their modern loved ones. They were most likely omnivores feasting on plants, small reptiles and insects.

The study published in the Journal of the Royal Society Open Science explains the diversity of giant birds:

“These discoveries are quite remarkable because they tell us that more than half of the Australian megapods disappeared during the Pleistocene,” says lead author Elen Shute.

The discovery of new species of birds came after the fossils found in Curramulka Quarry in southern Australia in 1990 were further analyzed. The results of the team revealed the three new species ……….

Study confirms lightning more powerful over ocean than land

Study confirms lightning more powerful over ocean than land

Study confirms lightning more powerful over ocean than land

People who live and work along the coasts and coasts of the world may be more susceptible to supercharged lightning, according to new research from the Florida Institute of Technology shows that lightning can be much more potent ocean than on land.

Amitabh Nag, an assistant professor of physical and space sciences in Florida, and Kenneth L. Cummins, a professor of technology research at Florida and the University of Arizona, recently published “The Negative Characteristics of Early Drivers In the breeze on land and the ocean “in the geophysical research charts of the American Geophysical Union.

Scientists analyzed parts of their coast data using Florida and provided by US lightning detection. National Network.

Some earlier indirect observations have led scientists and others believe that seawater strikes tend to be more potent, but the Nag and Cummins study represents the first time an independent measure validated these beliefs.

Lightning scientists break every cloud to ground strikes in threads to better understand how it formed. Many physics are packed in a second fractions of the time when particles charged in cloud shadows are formed in the descendants of electricity channels “Attach” to the charge-responsible electric channels, which rise from the ground Or water to form the familiar zigzag pin.

During its study, which measures current peak of several Earth-to-Earth beam of clouds and oceans from 2013 to 2015, Nag and Cummins have calculated the duration of the “negative leader” – the electric channel reaching below a Storm cloud

When this head hits the ground, a surge, typically with a peak value of approximately 30 kilos amperes, flows upward into the cloud. The duration of the negative leaders of the ocean was considerably shorter than that of the land, indicating that they must bear more costs. This leads to an increase in the highest current of the earth.

Nag and Cummins have found that with water strikes in West Florida, the average length of time was 17 percent lower compared to the ocean than on land, and in East Florida, the median was 21 and 39 percent shorter in two oceanic regions on land.

Using a relationship between leader length and peak lightning current derived in this study, the authors estimate that lightning with peak currents of more than 50 kilos of amps is twice as likely to occur in ocean storms.

These results suggest that people living in or near them are more likely to suffer damage if enlightening storms develop over the oceans and move ashore.

This new understanding of lightning’s nature could inform how offshore infrastructure and ships should be built to minimize the risk of super-powerful thunderstorms formed over the sea.

Five Quick Tips For beauty services at home in Mumbai


The beauty services in the Mumbai at home is increases by the great facility of the beauty services. You will get the ultimate beauty by using many of the beauty tips and tricks.


There are the 5 quick tips for beauty services at home in Mumbai.


  • You can look gorgeous by making the mixture of liquid bronzer with a firming body cream, and then massage it into your arms to get the tan and toned. You can remove pimple from your face by applying a yellow-based cover-up to counteract the redness, use a concealer brush to pat it on precisely, then blend the edges with your ring finger.


  • If you want to make your cheeks sweet, then use should use the foxy flush with a deep berry powder blush and use a fluffy brush to swirl it in small, circular motion over the apples of your cheeks and back toward your hairline. A glittery accessory adds instant glamour to any hairstyle. If you forget to bring one to work, use a brooch from your sweater.


  • For make the gorgeous glow of your face, use the foundation with one part liquid illuminator, and then use your fingertips to massage it all over your face. Apply the creamy concealer onto your lids and into the inner corners of your eyes before doing makeup on eyes.


  • If you want to make perfect leg, so use smooth baby oil onto your legs before you taken the razor to them. Do the manicure of your hands by slick a shiny and clear top coat over.


  • You can use sturdy plastic spoon instead to flip up your eye fringe. To make the shiny nose left your powder compact at home.




TTHE END OF ONE YEAR of the Modi dispensation, justice for all is still a distant dream. The measure of the gap between promise and delivery: the index of non-performance. ‘Justice for all’ was yet another Modi sloga: before the elections and ‘justice for none’ is the outcome after one year.

The Modi government has not even begun to address issues relatin. to the justice delivery system. The 3 crore pendency of cases, the allege, increase in levels of corruption within the judiciary, the inability of the! common man to get an effective judicial redressal system, delays of cour procedures, the inability to set up ‘commercial courts’, increasing cost? involved in the justice delivery system and other related issues are in the government’s radar.

The uppermost priority of this government is to exercise control over appointments in the higher judiciary. It has proposed changes to ensure that the executive holds the trump card in matters of appointment.

Article 124 (A) has been inserted in the Constitution by setting up a National Judicial Appointments Commission (NJAC) consisting of the Chief Justice of India, two senior judges of the Supreme Court next to him in hierarchy, the Union minister oflaw and justice and two eminent persons to be nominated by a high-powered committee.

Article 124 (B) provides for the NJAC making recom­mendations for the appointment and transfer of judges of the higher judiciary. These constitutional amendments suggest that neither the judiciary nor the executive will have primacy in the appointment of judges to the higher judiciary.

However, the National Judicial Appointments Com­mission Act (the Act of 2015), which too has been passed and notified, gives a veto power to any two members of the commission if they do not agree with the recommen­dations of the NJAC. This suggests that if the law minis­ter along with an eminent person objects to a particular nomination by the NJAC, it cannot go through. This veto power ofthe execu­tive will be a lethal weapon in its hands to block any appointment which the government of the hour perceives to be ‘inconvenient’. Also, the fact that the judiciary does not have primacy in matters of appointment strikes at the root of the independence of the judi­ciary. Instead of addressing the issues that affect millions of people in this country who are crying for justice in a system which is tardy, slothful and inefficient, the govern­ment has chosen to spar with the judiciary. Its intent and priorities are clear. It is least concerned with the travails of th eAamAadmi in accessing justice and more concerned with its own primacy in the appointment process. This is not just reflective of its priorities but exposes its desire to change the system to its advantage so that in the remaining period of its term, it can hope to fill the judicial corridors of power with incumbents who are perceived to be closer to this dispensation. This augurs ill for our judicial system.

Some might argue that the same veto can be exercised by the judiciary if the government of the day wishes to push particular individuals to man the higher judiciary. The logic of that argument is weak. It breaks down at the altar of our experience. We have instances from the past where those responsible for appointment to the higher judiciary have succumbed to executive pressure. The results stare us
in the face. Together the executive and the judiciary will make compromises to accommodate favourites at both ends and the justice delivery system will be the casualty.

While we can be critical of the intent of this government in pushing its agenda in the manner suggested above, we must be mindful of the tardy manner in which the col­legium system has worked. Far from passing the test of scrutiny with flying colours, its working has disappointed one and all.

Its fundamental flaw is that it has destroyed the inde­pendence of judges in the high courts, especially those who aspire to be elevated to the Supreme Court. They look up to the judges ofthe Supreme Court and seek their approbation. They lobby with judges as well as ministers in the hope that they be elevated. Sitting judges have in the past been suc­cessful in appointing those whose proximity with them is a matter of public knowledge. The collegium system has not done justice in discharging its responsibilities.

So what is the answer? If we are unhappy with the colle­gium system, we need to substitute it with a more effective mechanism. The NJAC provides a remedy, which, perhaps, is worse than the ailment. The fact is that the judiciary is loathe to give up its power to appoint members of the higher judiciary. This is why they have resisted the attempt to refer the matter to 11 distinguished judges to have a relook at the 1993 judgment in which the judiciary arro­gated to itself the power to appoint members of the higher judiciary. Ifthe judges uphold the NJAC, it will destroy the substratum of the 1993judgment. If they strike down the NJAC, it will be difficult to revive the collegium system.

The road ahead is difficult. Solutions will be hard to find but executive interference in the appointment process must be rejected.

I wonder why the Modi government took up this issue as its primary concern when millions in India are waiting for justice. Yet another instance in which Modi has not been able to usher in the Achche Din he promised, ffl



OW DO WE DESCRIBE the story of Narendra Modi’s one year in office as the Prime Minister seeking to address the aspirations of 1.22 billion people? Should we analyse the contributions of the former Gujarat chief minister in improving the lives of millions of Indians or should we try to describe how India will look like when the NDA completes its term of five years? Also, what are the chances of Modi still continuing as the unchallenged leader?

While we may not dwell on the successes or failures of Modi’s rule, one thing is certain: Modi has successfully changed the dynamics of politics that was in play over the past six decades or so. Modi cannot be expected to return to Gujarat now, to indulge in state politics. He has successfully shed his 2002

image. Although he was an RSSpracharak in the past, he would not want to return to the Sangh’s organisational fold.

There was no opposition in Gujarat during the Modi Raj. While the Bharatiya Janata Party was the ruling party in the state, one cannot recall who the state president of the party was during Modi’s regime in Gandhinagar. Pravin Togadia’s VHP was almost non-existent or invisible during Modi’s chief ministership. Modi decided how the Sangh would function in Gujarat. Had Modi decided not to try his luck in Delhi, he would have continued for as long as Jyoti Basu’s unchallenged rule in West Bengal. But neither Modi was Basu nor the B JP CPM.

Narendrabhai is now repeating his Gujarat experiment and experience in a ‘Modified’ and customised manner which could well suit both the health and fears of Delhi. Modi knows well how the nation’s capital behaved when Emergency was imposed in June 1975 by Indira Gandhi. He had also seen how people started crawling when they were asked to merely bend. Mrs Gandhi was both the prime minister and the ‘Congress party’. There was no space for any kind of dissent in the party. She was a firm believer in the country needing a strong Centre. As a re­sult, the Congress did not have any strong chief ministers in the states.

Mrs Gandhi had every other advan­tage except one that Narendra Modi has. While Mrs Gandhi may have been leading a weak party, she was faced with a determined Opposition which ultimately ensured her ouster from power in 1977-

Modi has potential to establish himself as another Mrs Gandhi, Mrs Margaret Thatcher or Golda Meir of Israel, but for that the country will have to wait till the Bihar elections are over. This election will decide whether Nitish Kumar can prove to be another Arvind Kejriwal or if Patliputra will give way to Modi to fulfil his global ambitions. The revolt of Jitanram Manjhi against Nitish was not engineered in Patna and must have been part of a grand Amit Shah strategy. If Manjhi succeeds in dividing the vote bank of Nitish and Lalu, nothing will stop Modi from taking over an important state.

Uttar Pradesh would then pose no problems for Modi. Polarisation of voters is already deep rooted in the state. Therefore, there is no reason for Modi to get perturbed by what Arun Shourie or Deepak Parekh may have publicly pronounced about his government’s performance.

In fact, Modi may still be judging the mood of the country, his own party, the Sangh, opposition parties, captains of industry and world leaders in general and
our neighbours in particular, before he actually starts working on his hitherto undisclosed agenda. On would not be surprised if Modi is doing his own assessment of his government’s performance, caring two hoots for people like Rahul Gandhi. The Congress vice-president gave zero out of ten to the prime minister as far as farmers and labourers were concerned and ten out of ten to the government for dolling out benefits to corporates. Con­trary to what Rahul Gandhi has alleged, HDFC chairman Deepak Parekh only said that impatience had begun to show among businessmen as nothing had changed in the first nine months of the Modi government.

How does one know whether a government is perform­ing or not. When asked, a senior person close to the ruling party shared his personal thoughts thus: Modiji wants to do hundreds of things but an atmosphere has been created, deliberately or otherwise, of caution, apprehen­sion and fear, among ministers and bureaucrats in Delhi. There are ministers who were in the race for prime min­istership with Modi. While some states are being ruled by the B JP, there are others that are being ruled by parties op­posed to the B JP in general and Modi in particular. There are some B JP chief ministers who were being publicly equated with Modi in terms of competence and projected for the top post. All these factors are not being taken into account while assessing the performance of Modi.

Judging Modi’s performance on the strength of figures would be misleading. The loyalists would generate reams of paper to list out achievements. The detractors, on the other hand, will also play their part as stakes are high for both sides. But one thing is certain, whether one likes it or not, Modi is going to stay. The question is whether he is going to change himself and accommodate others. The result of the Delhi assembly elections had answered this question partly. Bihar will provide the full answer. Modi’s actual performance will start from the day Bihar results will be out. Let us wait and watch.




HE ELECTION WHICH BROUGHT Prime Minister Narendra Modi to power year ago was fought in the backdrop of high inflation, unemployment, fiscal and trade deficits as well as allegations of corruption and anger against the administrative and political elites.

Almost all these issues were structural in nature, and hence, were not expect­ed to be solved within a short period of 12 months. Viewed from this angle, the B JP government’s singular achievement has been to bring down the inflation rate from 11.16 per cent in November 2013 to 4.87 per cent in April this year.

True, many experts have attributed the reduction in the inflation rate to external forces such as the fall in prices of crude oil, agricultural commodi-


ties and gold worldwide. However, in the past, despite a favourable external scenario, the country had witnessed high inflation.

The government was successful in containing fiscal deficit substantially, despite the huge reduction in revenue on account of the cut in ‘ad valorem’ duty on petroleum products. If one thinks that low and stable inflation rate is a pre-condition for a stable and growing society, then In­dia is coming closer to that objective today. Fiscal, revenue and trade deficits were managed with the highest-ever foreign exchange reserves of $352 billion.

The government is also taking several steps to augment infrastructure. In all his foreign trips, Modi has focused primarily on attracting foreign investment for the manufacturing sector. It is also to the credit of the government that norms for investments in defence, insur­ance and several other sectors have been relaxed to make India more attractive for foreign companies. The defence production strategy, which makes military procurement conditional upon making the equipment in India, will not only create a large number of jobs but also make the country a hub for hi-tech defence manufacturing in the future.

The single-window framework and project management portal is creat­ing an enabling environment for the Prime Minister’s Office to track prog­ress of important projects on a real­time basis. Projects worth more than Rs 6,00,000 crore — in both private and public sectors — are being moni­tored. Mechanisms have been devised to coordinate with states and cities to expedite projects with periodic re­views taking place and hindrances to project implemen­tation removed in real time.

The concept of‘Team India’ — consisting of Prime Min­ister, other ministers and chief ministers of various states — has also been well received. Giving a larger percentage of taxes and other revenues to states are well-intentioned and allows for a more flexible approach to implementation on the ground.

Although initiated by the previous government, the new government has built on the direct transfer scheme based on the unique identification number platform and launched a massive drive to open more than 150 million bank ac­counts with the express aim of bringing a large number of unbanked people into the financial mainstream.

Creating social security schemes such as the accident cover linked to bank accounts, providing micro loans to account holders, launching a pension scheme with
more than 80 million registered users and giving them life insurance have been achievements unparalleled in India’s history. But these were not highlighted much in the ‘middle-class media’. Giving small loans to entrepreneurs through the Mudra (Micro Units Development and Refi­nance Agency) bank is a brilliant initiative. The Swacch Bharat initiative has also been well received and created awareness about much-needed cleanliness in India.

India is the largest consumer of gold, and gold imports account for nearly a third of the current account deficit. The gold monitisation scheme, which was announced in the Union Budget for 2015-16, will help meet India’s gold demand substantially, and will also improve its current account balance.

The prime minister’s vision to create 100 smart cities, with modern infrastructure to support the large-scale urbanisation without compromising the quality of life, is a necessity, if India wants to become a global leader in the next 20 years. The International Finance Centre (IFC) in Gujarat is one such welcome initiative. The setting up of IFC was part of Modi’s vision, which was supported by the Bombay Stock Exchange (the first stock exchange in the world to sign a memorandum of understanding with Gujarat International Finance Tec-City).

Moreover, infrastructure needs to be created for ports, airports, roads, factories, power, mining, etc. This will not only kick-off employment generation instantaneously, but will also create conditions for job creation in the medium to long term, which will help India in achieving its goal of Make in India.

The first year of the Modi government has seen tremen­dous energy and initiatives. Some of them have yielded results and others will do so over a period of time. If the prime minister continues with the same zeal for the next four years of his first term, I am sure India will progress much further and fulfil our dreams of a clean, equal and poverty-free India. ED

The author is managing director and chief executive officer of BSE