Modi government completed 4 years at the helm of the largest democracy in the global. Such four years of Narendra Modi government has set India on a transformational path to booming development at a time. The final report card for the PM Modi led government has been largely constructive so far. Good foreign policies, the introduction of new technologies, movements and governance have been the areas of emphasis from the beginning of this government. The efforts towards fighting against corruption making India a more lucrative destination for companies and has pushed the global ranking of the nation from 140th to 100th in easiness of doing business as graded by the World Bank. A large chunk of government offerings has been made digitally accessible to every single person so as to make living slightly trouble-free for the citizens of India. GST one of the major turning points was introduced to do away with a host of other taxes and make the populace lives easier specifically for business class people.
Listed some achievements of the present government under Narendra Modi.
The Goods and Service Tax (GST)
The pioneer step of launching The Goods and Service Tax (GST) starts from July 2017 has been one of the critical and most significant reforms of the Modi government. The execution of GST has created a single common market in India by subsuming various types of contrasting taxes into a single tax and applicable pan-India. Such movement has assisted to remove the cascading impact of dissimilar taxes. With the introduction of The Goods and Service Tax (GST), states can expect their revenues to increase, particularly those that don’t manufacture goods and rely on supply from different Indian states. In short, the disadvantage of certain states over others stands negated. For a country the size of a continent, its effect on the economy will be transformational. The Goods and Service Tax (GST) was first proposed in 2000 by the Atal Bihari Vajpayee government but deviations cropped up with various states on revenue sharing formula. So many attempts were made to implement GST by the UPA I and II governments but were sadly unsuccessful. At present, GST is a four-tier tax slab system and there are plans for minimizing the number of slabs as the system stabilizes. As India pursues 7% percent plus growth year on year over the next few decades, GST will play a leading role in achieving that goal.
Make in India- Swadeshi movement
Make in India was a kind of Swadeshi movement which was launched by the Narendra Modi government dated Sept 2014, whose aim was to boost Indian as well as Multinational business enterprises to manufacture in India, as well as to increase their investments. Foreign Direct Investment was augmented to 100% in all 25 sectors excluding defense, space, and news media. As a result of the introduction, a plethora of established companies decided to set up their business and myriads of shops in India. One such set up is done by the Japanese car company, Kia Motors, this company invested around the US $1.1 billion towards a car manufacturing plant in Anantapur, Andhra Pradesh. This would be the maiden foray of the well-known company Kia Motors into the Indian automobile industry. The plant is expected to hire approx 3,000 manpower and manufacture 300,000 cars every year. Kia would eventually invest the US $2 billion in the country and end up bringing forth more than 10,000 jobs in the Indian market. One of the stellar company called Thurst Aircraft Pvt Ltd has also signed a MoU with the Maharashtra Govt. For the establishment of an airplane manufacturing plant with an investment of US $5.2 billion.
Digital India Campaign
Digital India was a campaign that was launched by the Modi Ji led government on 1st July 2015 in an attempt to make the nation digitally empowered. Digital India would guarantee that the Govt services are accessible to the Indians electronically through fined online infrastructure. Direct through such initiative, the Government of India would guarantee that the rural areas are linked with high-speed internet networks. The Digital India initiative has 3 key components – delivering government services digitally, development of secure & stable digital infrastructure, and universal digital literacy. There is an immense number of services that would be made available to the citizens of India under the Digital India initiative. ehospital app would permit significant services like online registration, payment of bills, etc through the web portal. mygov.in is a stunning platform which would enable sharing of ideas on matters of policies. eSampark was the initiative to have the email portals like Gmail, Microsoft Office, Rediff offer their services in local languages in order to have more Indians in the rural areas with their own email ids. eSign gives citizens to sign any papers using the Aadhar authentication. To improve the transparency in government offices, attendance.gov.in was introduced to keep a track record of the government offices attendance on a real-time basis.
Pradhan Mantri Jan Dhan Yojana
The Pradhan Mantri Jan Dhan Yojana was introduced in Aug 2014 by Modi Ji during his first independence day speech. The scheme purpose is to ensure that every Indian has access to basic financial services like credit, bank accounts, remittances, and pensions. Under the PMJDY scheme, a Guinness book record of 1.5 crore accounts in banks was opened on the very first day of the Pradhan Mantri Jan Dhan Yojana scheme. The scheme comes under the Department of Financial Services, Ministry of Finance. The Pradhan Mantri Jan Dhan Yojana scheme provides access to bank accounts with the minimum balance. RuPay debit cards are also issued for the account holders. They also get the bonus of accidental insurance cover of INR 1 lakh. Mobile banking can also be done National Unified USSD Platform for which all Telecom companies and banks have joined hands.
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