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Investment Incentive Agreement between the Government of India and the Government of United States of America

The Government of India and the Government of the United States of America has signed an Investment Incentive Agreement (IIA) today at Tokyo, Japan. The IIA was signed by Shri Vinay Kwatra, Foreign Secretary, Government of India, and Mr. Scott Nathan, Chief Executive Officer, U.S. International Development Finance Corporation (DFC). This IIA supersedes the Investment Incentive Agreement signed between the Government of India and the Government of the United States of America in the year 1997. Significant developments have taken place since the signing of the earlier IIA in 1997 including the creation of a new agency called DFC, a development finance agency of Government of USA, as a successor agency of the erstwhile Overseas Private Investment Corporation (OPIC) after the enactment of a recent legislation of USA, the BUILD Act 2018. IIA has been signed, to keep pace with the additional investment support programmes, offered by the DFC, such as debt, equity investment, investment guaranty, investment insurance or reinsurance, feasibility studies for potential projects and grants. The Agreement is the legal requirement for DFC, to continue providing investment support in India. DFC or their predecessor agencies are active in India since 1974 and have so far provided investment support worth $5.8 billion of which $2.9 billion is still outstanding. Proposals worth $4 billion are under consideration by DFC for providing investment support in India. DFC has provided investment support in sectors that matter for development such as COVID-19 vaccine manufacturing, healthcare financing, renewable energy, SME financing, financial inclusion, infrastructure etc. It is expected that signing of IIA would lead to enhanced Investment support provided by DFC in India, which shall further help in India’s development.
On the occasion of Dhanteras, PM to participate in ‘Griha Pravesham’ of more than 4.5 Lakh beneficiaries of PMAY-G in Madhya Pradesh on 22nd October

Around 29 Lakh houses have been completed in MP at a cost of more than Rs. 35,000 Crore under the scheme On the occasion of Dhanteras, Prime Minister Shri Narendra Modi will participate in ‘Griha Pravesham’ of about 4.51 Lakh beneficiaries of Pradhan Mantri Awaas Yojana – Gramin in Satna, Madhya Pradesh on 22nd October at 4 PM via video conferencing. Prime Minister will also address the gathering on the occasion. It has been a constant endeavour of the Prime Minister to provide each citizen of the country with a house of her own with all basic amenities. This marks yet another step in this direction. Under the Pradhan Mantri Awas Yojana, about 38 Lakh houses have been sanctioned so far in Madhya Pradesh and construction of about 29 Lakh houses have been completed at a cost of more than Rs. 35,000 Crore.
PM to launch two innovative customer centric initiatives of RBI on 12 November

Prime Minister Shri Narendra Modi will launch two innovative customer centric initiatives of the Reserve Bank of India on 12 November, 2021 at 11 AM via video conferencing. These initiatives are the RBI Retail Direct Scheme and the Reserve Bank – Integrated Ombudsman Scheme. The RBI Retail Direct Scheme is aimed at enhancing access to government securities market for retail investors. It offers them a new avenue for directly investing in securities issued by the Government of India and the State Governments. Investors will be able to easily open and maintain their government securities account online with the RBI, free of cost. The Reserve Bank – Integrated Ombudsman Scheme aims to further improve the grievance redress mechanism for resolving customer complaints against entities regulated by RBI. The central theme of the scheme is based on ‘One Nation-One Ombudsman’ with one portal, one email and one address for the customers to lodge their complaints. There will be a single point of reference for customers to file their complaints, submit the documents, track status and provide feedback. A multi-lingual toll-free number will provide all relevant information on grievance redress and assistance for filing complaints. Union Finance Minister and RBI Governor will also attend the event.
Cabinet approves creation of Pradhan Mantri Swasthya Suraksha Nidhi as a single non-lapsable reserve fund for Health from the proceeds of health and Education Cess

The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has approved the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN) as a single non-lapsable reserve fund for share of Health from the proceeds of Health and Education Cess levied under Section 136-b of Finance Act, 2007. Salient features of the PMSSN A non-lapsable reserve fund for Health in the Public Account; Proceeds of share of health in the Health and Education Cess will be credited into PMSSN; Accruals into the PMSSN will be utilized for the flagship schemes of the Ministry of Health & Family Welfare namely, • Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) • Ayushman Bharat – Health and Wellness Centres (AB-HWCs) • National Health Mission • Pradhan Mantri Swasthya Suraksha Yojana (PMSSY) • Emergency & disaster preparedness and responses during health emergencies • Any future programme/scheme that targets to achieve progress towards SDGs and the targets set out in the National Health Policy (NHP) 2017. Administration and maintenance of the PMSSN is entrusted to Ministry of Health & Family Welfare; and In any financial year, the expenditure on such schemes of the MoHFW would be initially incurred from the PMSSN and thereafter, from Gross Budgetary Support (GBS). Benefits: The major benefit will be: enhanced access to universal & affordable health care through availability of earmarked resources, while ensuring that the amount does not lapse at the end of financial year. Background: Health is vital for improved developmental outcomes. From an economic standpoint, better health improves productivity, and reduces losses due to premature death, prolonged disability and early retirement. Health and Nutrition also directly impact scholastic achievements and have a bearing on productivity and income. Health Outcomes depend substantially on public spending on health. One extra year of population life expectancy raises GDP per capita by 4%, Investment in health creates millions of jobs, largely for women, through a much needed expansion of the health workforce In the budget speech 2018, the Finance Minister while announcing Ayushman Bharat Scheme, also announced replacement of existing 3% Education Cess by 4% Health and Education Cess.
PM launches public movement and appeals everyone to unite in fight against corona

Prime Minister, Shri Narendra Modi launched a public movement today and appealed everyone to unite in the fight against corona. In a tweet, the Prime Minister appealed everyone to unite in the fight against Corona. Reiterating the key message of “wear a mask, wash hands, follow social distancing and practice do gaj ki doori”, the Prime Minister said together we will succeed and win against the Covid-19. The campaign is being launched with the aim to encourage People’s Participation. Under the campaign, a COVID-19 Pledge will be taken by all. A Concerted Action Plan will be implemented by Central Government Ministries/ Departments and State Governments/ Union Territories with the following highlights: • Region- specific targeted communication in high case-load districts. • Simple and easily understandable messages to reach every citizen • Dissemination throughout the country using all media platforms • Banners and Posters at public places; involving Frontline workers and Targeting Beneficiaries of Government Schemes • Hoardings/ wall paintings/ electronic display boards in government premises • Involvement of Local and National influencers to drive home the message • Running mobile vans for regular awareness generation • Audio messages; pamphlets/ brochures on awareness • Seeking support of Local Cable Operators for running COVID messages • Coordinated media campaign across platforms for effective outreach and impact
Cabinet approves MoU between India and Kingdom of Denmark on Cooperation in the field of Health and Medicine

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) between the Ministry of Health & Family Welfare of the Government of the Republic of India and the Ministry of Health of the Kingdom of Denmark on Cooperation in the field of Health and Medicine. Benefits: The bilateral Memorandum of Understanding will encourage cooperation between the Ministry of Health and Family Welfare of the Republic of India and the Ministry of Health of the Kingdom of Denmark through joint initiatives and technology development in the health sector. It will strengthen bilateral ties between India and Denmark. The bilateral Memorandum of Understanding shall encourage cooperation between the Ministry of Health and Family Welfare of the Republic of India and the Ministry of Health of the Kingdom of Denmark through joint initiatives and development of research in the health sector. This will facilitate in improving the public health status of the people of both the countries.
PM greets Indian Coast Guard personnel, on their Foundation Day

The Prime Minister, Shri Narendra Modi has greeted Indian Coast Guard personnel, on their Foundation Day. “Greetings to Indian Coast Guard personnel on their Foundation Day. They are diligently and bravely guarding our coasts”, the Prime Minister said.
PM addresses unorganized sector workers at 20 locations across Gujarat through video-conferencing

Prime Minister, Shri Narendra Modi today addressed unorganized sector workers at 20 locations across Gujarat through video-conferencing. The Prime Minister was in Varanasi at the time of this video-conference, which was conducted as part of the “Shramyogi Kalyan Mela” of the Government of Gujarat. As part of the activities for Good Governance Day, the Gujarat Government launched several welfare schemes for unorganized sector workers. These schemes draw inspiration from the “Shramev Jayate” vision of the Union Government. Among the initiatives is “U-WIN” – Unorganized Sector Identification Number, which will enable unorganized sector workers to avail of the benefits of several Government schemes. The Prime Minister congratulated the Gujarat Government for these initiatives, and said other states could also emulate them. He also congratulated the state Government for launching Rural Labour Commissionerates and Rural Labour Welfare Boards. The Prime Minister also praised the unorganized sector workers of the state, and said that the state had zero-mandays loss, as all stakeholders had followed the Gandhian spirit of working as a family. He said this was one of the reasons that the state was receiving large amounts of foreign investment.
PM’s bilateral engagements in Brisbane – November 14, 2014

PM: Delink Religion from Terrorism. Japan, UK, EU welcome India-US agreement on Food Security issues with regard to the WTO. The Prime Minister, Shri Narendra Modi had three bilateral meetings today in Brisbane, ahead of the G20 summit beginning tomorrow. He met the Prime Minister of Britain Mr. David Cameron, the President of the European Union Mr. Herman van Rompuy and had a dinner meeting with the Prime Minister of Japan Mr. Shinzo Abe. In all three meetings the Prime Minister laid stress on delinking religion from terrorism. The EU, UK and Japanese sides all agreed on the importance of this. The agreement between India and the US on food security issues with regard to the WTO was welcomed by the EU, UK and Japan, and all three expressed support for it. It was described as a win-win situation. In all three meetings, the Prime Minister said that modernization of the Railways was a priority for him. The EU and UK stressed on the need to resolve issues related to the Broadbased Investment and Trade Agreement. the EU side said that the EU and India had shared values and shared interests, which would be furthered by this agreement. The European Union also supported the proposal for an International Yoga Day. the Japanese side thanked India for the Japan-plus initiative for Japanese investment proposals. Shri Narendra Modi expressed appreciation over the recent visit of the Deputy Mayor of Kyoto to Varanasi. Both sides also discussed multilateral issues, including matters likely to come up at the G20 meeting, and UN reform.
PM chairs high-level meeting on International Yoga Day

Prime Minister, Shri Narendra Modi, today chaired a high-level meeting to review the preparations for International Yoga Day – June 21st. He said the planning of activities and events on Yoga Day should aim to make Yoga a mass movement, all over the world. Emphasizing that Yoga’s central theme is “synergy,” the Prime Minister called for a coordinated effort, not only from various Government Ministries and Departments, but also with people’s active participation, to enable a befitting celebration for the first International Yoga Day. He called for the involvement of eminent yoga practitioners, spiritual leaders and other distinguished individuals from various walks of life, so as to make the event a success. The Prime Minister was given an overview of the preparations for the various events being planned in India and across the world, to mark the first-ever International Yoga Day.
PM’s remarks in UN on Universal Health Care

Namaste! Mr. President, World welfare begins with the public welfare and health is a very important unit of this. And hence this subject is a very big priority for India. We are working on this with Holistic Approach through four pillars. The first pillar is Preventive Health. We have laid special emphasis on Yoga, Ayurveda and fitness. We are building more than 1.25 lakh wellness centers. This is helping to control lifestyle diseases like diabetes, blood pressure, depression etc. The ever increasing craze of e-cigarette is a matter of great concern. India has banned e-cigarette to save the younger generation from this serious threat. Our Clean Indian Mission has contributed to saving millions of lives. We also have special emphasis on immunization. With the addition of new vaccines, we have also improved access to far-flung areas. The second pillar is Affordable Healthcare. We have implemented the world’s largest health assurance scheme Ayushman Bharat. Under this, 500 million poor are being provided free treatment up to 500 thousand rupees per year. And in the last one year only 4.5 million people have been benefited from it. We have started more than five thousand special pharmacy stores where more than 800 essential medicines are being made available at affordable prices. The cost of heart stent has been reduced by 80 percent and the cost of knee-implant by 50 to 70 percent. Millions of people suffering from kidney problems are availing free dialysis facility in India. The third pillar is to improve the Supply Side and for this we have taken many historic steps for quality medical education in India, and for medical infrastructure. We have made radical reforms for the second sector. And the fourth pillar is Mission Mode Intervention. If mothers and children are healthy, then it can create the foundation to make the whole society healthy and hence we have taken initiatives like National Nutrition Campaign on mission mode. Sustainable Development Goals aims to eliminate TB by 2030. In India, we intend to achieve this in mission mode by 2025 and I am confident that we will achieve this goal as well. We have also started a campaign against the diseases caused due to air pollution and the ones that are transferred from animals to humans. Excellencies, Health is not just about getting rid of disease, healthy life is also the right of everyone. It is our government’s responsibility to make every effort for the same. And India’s efforts are not confined to the boundaries of India only. We have collaborated and will continue to increase access to affordable healthcare through tele-medicine in many countries, especially to the countries in Africa. Our experience and our capabilities are available to all the developing countries. Excellencies, I would end my talk with the feelings of Sarve Bhavantu Sukhinah, Sarve Santu Niramaya Which means, Wishing all happiness and wishing all a disease free life. Thanks a lot!z
Signing of MoU between India and Singapore in the field of Civil Aviation

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its ex-post facto approvalfor signing a Memorandum of Understanding (MoU), which was signed in November, 2015between Airports Authority of India (On behalf of Government of India) and Singapore Cooperation Enterprise (On behalf of Government of Singapore) in Civil Aviation during Prime Minister’s visit to Singapore. The objective of this MoU is to establish mutual cooperation in the field of civil aviation, which will cover, to begin with, the airports of Jaipur and Ahmedabad. This cooperation will be extended to other airports with mutual consent. The salient features of the MoU include collaboration in Civil Aviation Sector in the areas of (a) Master-planning and design (b) Traffic development (c) Commercial development (d) Service quality improvement (e) Training and development (f) Cargo handling and Management (g) Maintenance, repair and overhaul (h) Operation and management and (i) any other areas with mutual consent. Government of Singapore owns one of the best managed airports in the world, which has consistently maintained its ranking for last many years. A need was felt that in order to ensure high standards of service at Ahmedabad and Jaipur airports, Airport Authority of India (AAI) may enter into operation and maintenance (O&M) contracts, either with or without the responsibility of maximization of non-aeronautical revenue in the terminal building (excluding land on city side and air side). The city side and airside will continue to be managed directly by AAI. Globally, limited O&M contract models are prevalent for the entire airport operations. AAI has no previous experience in awarding O&M contract model of terminal buildings to other entities. In order to implement the decision, it was necessary to ensure that a suitable entity be engaged for undertaking the O&M contract at Ahmedabad and Jaipur airports.
PM extends greetings and good wishes to ROK President on assuming office

The Prime Minister, Shri Narendra Modi has extended his greetings and good wishes to the ROK President, H. E. Yoon Suk-yeol on assuming office as President today. In a tweet, the Prime Minister said; “I extend my heartfelt greetings and good wishes to ROK President @sukyeol__yoon as he commences his term in office today. I look forward to meeting him soon and working together to further strengthen and enrich the India-ROK ties.”
PM pays tributes to Sarada Math president Pravrajika Bhaktiprana Mataji on her demise

The Prime Minister, Shri Narendra Modi has paid tributes to Sarada Math president Pravrajika Bhaktiprana Mataji on her demise. In a tweet, the Prime Minister said; “I pay my tributes to Pravrajika Bhaktiprana Mataji. She will always be remembered for her rich efforts to serve society through the Sri Sarada Math and Ramakrishna Sarada Mission. My thoughts are with all members of the Order and devotees. Om Shanti.”
Cabinet approves MoU between India and Poland for the promotion of Civil Aviation Cooperation

The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for signing the Memorandum of Understanding (MoU) between India and Poland for the Promotion of Civil Aviation Cooperation. The MoU will be signed on behalf of the two countries after its approval by the two Governments. The MoU would be for a term of five years. The objective of the MoU is to recognize the mutual benefit of Cooperation in the field of Civil Aviation having particular significance in establishing and improving Regional Air Connectivity in India. Apart from this both sides will recognize the mutual benefits of environmental testing or approvals, flight simulators monitoring and approvals, aircraft maintenance facilities approvals, maintenance personnel approvals and aircrew members approvals. The main areas of this Memorandum of Understanding to promote ad facilitate mutual cooperation are as under: a. Support in the civil aviation market by reviewing any legal and procedural issues which may adversely affect cooperation between India and Poland. b. Exchange of information and expertise between the Ministries and respective Civil Aviation Authorities related to aviation regulations, regional air operations, airworthiness requirements and safety standards to enhance safety and security of air transport; and / or c. Collaboration on or joint development, organization and/or conduct of training programmes on aviation safely, on topics such as safety oversight, airworthiness, flight operations, licensing, legislation and enforcement; and / or d. Aviation associated consultations, joint organization and/or conduct of conferences and professional seminars, workshops, talks and other such activities on aviation safety with the participation of representatives from the Parties related to the field of civil aviation; and / or e. Regular dialogue or meetings for exchange of information; knowledge, expertise and experiences between Ministries and respective Civil Aviation safety related development of mutual interest to the parties; f. Collaboration on research and studies on aviation safety interest topics and issues of mutual interest. g. Any other issues related to co-operation in the areas mentioned above.
PM condoles loss of lives in hospital fire in Nagpur

The Prime Minister, Shri Narendra Modi has expressed grief over the loss of lives due to a fire at a hospital in Nagpur. In a tweet, the Prime Minister said, “Saddened by the hospital fire in Nagpur. My thoughts are with the families of those who lost their lives. Praying that the injured recover at the earliest.”
PM expresses happiness over Puratchi Thalaivar Dr. M.G. Ramachandran Central Railway Station for being fully powered by Solar Energy

The Prime Minister, Shri Narendra Modi has expressed happiness over the Puratchi Thalaivar Dr. M.G. Ramachandran Central Railway Station for being Fully Powered by Solar Energy. In a reply to a tweet by the Minister of Railways, Communications and Electronics & Information Technology, Shri Ashwini Vaishnaw, the Prime Minister said; “Happy to see the Puratchi Thalaivar Dr. M.G. Ramachandran Central Railway Station show the way when it comes to solar energy.”
PM to address Investor Summit in Gujarat on 13th August

Summit is being organized to invite investment for setting up vehicle scrapping infrastructure Prime Minister Shri Narendra Modi will address Investor Summit in Gujarat on 13th August 2021 at 11 AM via video conferencing. The Summit is being organized to invite investment for setting up vehicle scrapping infrastructure under the Voluntary Vehicle-Fleet Modernization Program or the Vehicle Scrapping Policy. It will also draw focus on the synergies presented by the ship breaking industry at Alang, for development of an integrated scrapping hub. The Summit is being organized by the Ministry of Road Transport and Highways and Government of Gujarat. It will be held in Gandhinagar, Gujarat and will see participation from potential investors, industry experts, and concerned central and state government ministries. Union Minister for Road Transport & Highways and Chief Minister of Gujarat will also be present on the occasion. About Vehicle Scrapping Policy The Vehicle Scrapping Policy is aimed at creating an eco-system for phasing out unfit and polluting vehicles in an environment friendly and safe manner. The policy intends to create scrapping infrastructure in the form of Automated Testing Stations and Registered Vehicle Scrapping Facilities across the country.