Friday, December 4, 2020
Home Editor's picks The Narendra Modi government: A government that delivers

The Narendra Modi government: A government that delivers

As 2018 came to an end, it must be stated that the year witnessed Modi Government’s commitment towards resolving long-standing issues.

The year 2018 was by far a very eventful year that witnessed significant policy push as India started benefiting from the reforms it initiated between 2014-18. The focus of the year was however on equitable growth to ensure that the benefits of India’s growth are uniformly distributed.

It is no secret that the government has renewed the focus towards financial inclusion, and it has had some impressive results as India currently has universal financial inclusion at the household level. The year 2018 saw the government take this process a step further as it focused on deepening of financial services that are used by Indian households. With over 400 schemes already under the DBT framework, nearly all households are using basic banking services, but the government realizes the need to move towards financial integration rather than mere financial inclusion.

As a consequence, the government launched the Indian Postal Bank, which converted the post offices as banks and the nearest postman as the banker to every Indian. By careful segregation of the new age banks by classification as “payment” banks and “mobile-wallets”, the government has set in motion a policy framework that is acting as a catalyst for Banking 4.0.

The government has also leveraged technology further to provide for a credential-based credit facility through the 59-minute loans. It has been argued time and again that the critical bottleneck towards the growth of MSME sector has been inadequate access to credit. By democratizing credit and providing a credential-based credit, the government ensures that there’s transparency in lending practices so all eligible can take small loans up to Rs. 1 Crore.

For every year of the Modi Government, there’s a flagship scheme that can be identified and it is these flagship schemes that are most impactful in terms of improvement of the quality of life on Indian citizens. 2018 is definitely the year of Ayushman Bharat- the world’s largest healthcare insurance scheme. It is no secret that more than 50 per cent of Indians prefer private sources of healthcare than public according to the NFHS-4 and this is because of inadequate provisioning of healthcare in public hospitals. To augment the service and ensure quality in public hospitals would have taken a couple of years as the government upgrades the Primary Healthcare Centres and creates new Health and Wellness Centres but in the meanwhile, to ensure that the burden of healthcare expenses on the poor does not force them in debt trap, Ayushman Bharat ensures free treatment cover of up to Rs. 5 lakh rupees per family. With over 2 lakh beneficiaries availed the treatment under Ayushman Bharat, this scheme has become the most significant healthcare sector reform in India since independence.

The year witnessed a significant focus of the government on the farm sector as it accepted the Swaminathan Committee recommendations and increased the MSP to be 50 per cent above the cost of production. It also has stated that it will put in place a price deficiency system whereby farmers would be compensated should they trade at a rate below the MSP. Both these measures are bound to significantly strengthen the rights of rural poor and farmers.

The year 2018 for the government was about starting new initiatives that further consolidated upon the earlier announced initiatives, but the government also worked towards addressing some critical challenges that it faced since it inherited the economy in 2014. The NPA crisis has led to a systematic decline in banks’ ability to provide credit, however, the Government enacted the Insolvency and Bankruptcy Code in 2016. Through provisions of the code, the government was able to resolve a major share of the NPAs in 2018 while by the end of 2019, the NPA issue would be largely resolved. It is important to also note that the Insolvency and Bankruptcy Code does not only resolve the issue for now, but it will ensure that there’s no build-up of such bad loans in the system going forward due to a speedy resolution of such loans.

The year, however, ended with the GST finally shaping up as the most consumer-friendly taxation regime that India has ever experienced. With rates on most commodities coming down, it is safe to say that the current form of GST is very close to what it is going to look like going forward. There may be some tweaks within the GST going forward, however, the current form is extremely close to the best possible situation for India.

As 2018 came to an end, it must be stated that the year witnessed Modi Government’s commitment towards resolving long-standing issues. The year will go down as the year that witnessed the roll-out of the world’s biggest health insurance scheme, but Ayushman Bharat is just one of the many big things that the government achieved in 2018.

The year 2019 has started with Prime Minister Modi setting the record straight; this government is a government that delivers- and it delivered a lot over the last 4 years and it is going to continue to deliver on its promises throughout 2019, and even beyond that. While our critics rejoice over their recent electoral victory, I must caution them for politics of lies can yield results only in the short run and they’ve already milked whatever they could have from their lies- now it’s our time to debunk their falsehood with the truth!

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

Related Articles

Trending now

WSJ drags Brahmins in domestic policy subject, American Hindu Group demands immediate withdrawal of article: All you need to know

The CoHNA demanded that WSJ remove 'Brahmin' from the OpEd and an apology be issued to the global Hindu Community.

How a teacher from Solapur, Ranjitsinh Disale, won the coveted Global Teacher Prize and $1 million: Here is his story

32-year-old teacher Ranjitsinh Disale won the Global Teacher prize and prize money of $1 million for his extensive work in the field of the girl child education

From surveilling Chinese students in the US to running spy rings in top US universities: All you need to know about CCP infiltration

Lately, it has been revealed how the Communist Party of China has funnelled a massive amount of money into ivy league US universities including Stanford, Harvard in an effort to infiltrate into these research institutes.

World’s first Muslim Hijabi model, Halima Aden, quits modelling, says fashion industry compromised her Islamic faith: Read details

Halima Aden, the first-ever Muslim Hijabi model, has decided to give up her modelling career to embrace her faith, Islam

Petition filed in HC wants Kangana Ranaut’s Twitter account deleted, mentions that she called Uddhav Thackeray govt ‘Pappu Sena’

The petition claimed that Kangana Ranaut had disrespected judiciary by posting a tweet in which she referred to Maharashtra govt as Pappu Sena.

‘If anything happens to him, CM will be responsible’: Expelled BJD MLA picked up by Odisha officials, wife says he is now untraceable

Expelled BJD leader Pradeep Panigrahi was picked up by EOW of the Crime Branch from his residence in Odisha as wife cries foul

Recently Popular

From supporting Khalistanis to hurting religious sentiments of Sikhs: A brief intro of the new liberal favourite, Diljit Dosanjh

Singer Diljit Dosanjh has become the new blue-eyed boy of the left-liberal gang after he supported ongoing farmers protest

Exposing hypocrisy of Congress, CPIM, Bharatiya Kisan Union and even Justin Trudeau over the Farm Bills 2020, point by point

The industry scale hypocrisy surrounding the protests around Farm Laws is staggering

Kangana Ranaut vs Diljit Dosanjh fight turns ugly, she calls him Karan Johar’s pet dog

Days after Kangana mistook an elderly lady in Punjab farmers' protest for Bilkis Bano of Shaheen Bagh 'protests', Punjabi singer-actor Diljit Dosanjh got into a war of words with her on Twitter.

Mirzapur: Three Brahmin boys found dead, family says they were murdered with eyes gouged out, police deny

The three cousins: 14-year-old Sudhanshu Tiwari, 14-year-old Shivam Tiwari and Hariom Tiwari were mysteriously found dead in a pond in the Lalganj police station area, Mirzapur.

MDH Masala owner Mahashay Dharampal Gulati passes away at 97

Mahashay Dharampal Gulati, the owner of the spices brand 'MDH' passed away on Thursday morning following a cardiac arrest.

Even pandering doesn’t get India Today a free pass: Here is why ‘liberals’ are today cancelling Rajdeep and Rahul Kanwal

'Liberals' are cancelling India Today, Rajdeep Sardesai and Rahul Kanwal over their coverage of the allegations against Shehla Rashid

After Youth Congress preached about respecting women, its Punjab unit uses misogynistic hashtag to target Kangana Ranaut

A tweet was posted from the official Twitter handle of Punjab Youth Congress using a highly vulgar hashtag to target Kangana Ranaut.

Bangladesh PM Sheikh Hasina delivers a resounding jolt to Pakistan during meeting with envoy, says can’t forget 1971 atrocities

The sharp response by Bangladesh Prime Minister to Pakistan reminding them of the atrocities during the Bangladesh liberation war of 1971 comes at a time when pro-Pakistan Islamist organisations are opposing the statue of her father Bangabandhu Sheikh Mujibur Rahman.

After ‘saving Aarey’, Shiv Sena led BMC gives permission to cut 454 and transplant 550 trees for Mumbai Trans-Harbour Link

Initially the proposal was for removing 1172 Link trees for the Mumbai Trans-Harbour but the number was later reduced to 1,004

Kapil Mishra writes a letter to the President, says Delhi residents are repeatedly being held hostage by politically motivated protests

Kapil Mishra, in his letter, has alleged that Delhi residents have been deprived of their fundamental rights as scores of political activists have been holding the city hostage to get their demands fulfilled

Assam’s AIUDF owned NGO Ajmal Foundation receiving crores of rupees from foreign organisations known for terror funding: Report

Legal Rights Observatory has stated that Ajmal Foundation has committed FCRA violations by diverting foreign funds received in the name of education to Badruddin's political party.

India summons Canadian High Commissioner after comments by Justin Trudeau on farmers’ protest: Here is what India told Canada

On the 1st of Dec, Canadian Prime Minister Justin Trudeau and his ministers had expressed concerns over ongoing farmers’ protest in India

COVID vaccine will be ready in the next few weeks, elders and frontline health workers to get it first: Big takeaways from PM Modi’s...

PM Modi said that India is better equipped for vaccine distribution as the country has vast expertise and experience of vaccination programs

WSJ drags Brahmins in domestic policy subject, American Hindu Group demands immediate withdrawal of article: All you need to know

The CoHNA demanded that WSJ remove 'Brahmin' from the OpEd and an apology be issued to the global Hindu Community.

Delhi HC grants bail to journalist Rajeev Sharma, who used to write for Chinese papers, The Quint, etc, and was arrested for spying for...

Delhi High Court granted bail to journalist Rajeev Sharma, who was arrested after it was revealed that he was spying for China.

Confusion over ballot marking: Telangana HC orders counting of ballots with ‘Swastik’ mark only in GHMC elections

Telangana HC set aside a circular by state election commission that any mark on the ballot will be acceptable for counting GHMC polls

Connect with us

245,563FansLike
492,795FollowersFollow
20,300SubscribersSubscribe