1. #PM to attend BRICS Summit at Brazil from 13th to 14th November : 11 Nov, 2019 l News Updates : PMINDIA. 2.#The visit to Brazil will give me an opportunity to deepen the India-Brazil strategic partnership: PM
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Prime Minister Narendra Modi will be in Brasilia, Brazil on 13th - 14th November 2019 to attend the 11th BRICS summit. The theme of the BRICS summit this year is "Economic Growth for an Innovative Future.”
This will be the sixth time that Prime Minister Narendra Modi will be participating at the BRICS summit. His first BRICS summit was at Fortaleza in Brazil in 2014.
A large business delegation from India is also expected to be present during the visit especially to attend the BRICS Business Forum where the business community of all five countries are represented.
Prime Minister is scheduled to hold separate bi-lateral meetings with the Russian President Vladimir Putin and the Chinese Premier Xi Jinping apart from the BRICS business forum closing ceremony and the closed & Plenary Sessions of the XI BRICS Summit.
In the closed session, the discussions are expected to be focused on challenges and opportunities for the exercise of national sovereignty in the contemporary world. This will be followed by the BRICS Plenary Session where the leaders will discuss the intra BRICS cooperation for the economic development of BRICS societies.
Thereafter Prime Minister shall participate in the meeting of the BRICS leaders with BRICS Business Council where in the Chairman of the Brazilian BRICS Business Council and the President of the new Development Bank are expected to submit reports.
Immediately thereafter a BRICS MoU between Trade and Investment Promotion agencies will be signed.
On the conclusion of the summit leaders will issue a joint declaration.
BRICS brings together five major emerging economies comprising 42 percent of the world's population, having 23 percent of the global GDP and around 17 percent of the share and world trade.
BRICS cooperation has two pillars including consultations on issues of mutual interest through meeting of leaders and ministers as well as cooperation through meeting of senior officials in a number of areas including trade, finance, health, education, science and technology, agriculture, communications IT etc.
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Prime Minister Shri Narendra Modi would be taking part in this year’s BRICS Summit in Brazil on 13th and 14th November. The Summit’s theme is ‘Economic growth for an innovative future.’
“I look forward to holding discussions with BRICS leaders on greater cooperation in a wide range of areas. On the sidelines of this Summit, I would be addressing the BRICS Business Forum and interacting with BRICS Business Council as well as the New Development Bank. Improving economic linkages augur well for the BRICS nations. The visit to Brazil will give me an opportunity to hold talks with the President of Brazil on ways to deepen the India-Brazil strategic partnership. There is great potential in sectors like trade, defence, agriculture and energy.”, the PM said.
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Narendra Modi
✔
@narendramodi
I would be taking part in this year’s BRICS Summit being held in Brazil on 13th and 14th November. The Summit’s theme is ‘Economic growth for an innovative future.’ I look forward to holding discussions with BRICS leaders on greater cooperation in a wide range of areas.
Narendra Modi
✔
@narendramodi
· Nov 12, 2019
I would be taking part in this year’s BRICS Summit being held in Brazil on 13th and 14th November. The Summit’s theme is ‘Economic growth for an innovative future.’ I look forward to holding discussions with BRICS leaders on greater cooperation in a wide range of areas.
Narendra Modi
✔
@narendramodi
On the sidelines of the BRICS Summit, I would be addressing the BRICS Business Forum and interacting with BRICS Business Council as well as the New Development Bank. Improving economic linkages augur well for the BRICS nations.
Narendra Modi
✔
@narendramodi
· Nov 12, 2019
Replying to @narendramodi
On the sidelines of the BRICS Summit, I would be addressing the BRICS Business Forum and interacting with BRICS Business Council as well as the New Development Bank. Improving economic linkages augur well for the BRICS nations.
Narendra Modi
✔
@narendramodi
The visit to Brazil will give me an opportunity to hold talks with President @jairbolsonaro on ways to deepen the India-Brazil strategic partnership. There is great potential in sectors like trade, defence, agriculture and energy.
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*India and the other BRICS nations will strengthen cooperation in digital economy: PM
*India and other emerging nations will aim to build mechanisms for counter-terrorism cooperation within the BRICS framework: PM
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*BRICS summit will focus on strengthening ties among the world's five major economies in key areas such as digital economy, science and technology: PM
*PM Modi to attend BRICS Business Forum and interact with BRICS Business Council and New Development Bank.
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*A study by McKinsey Global Institute titled “India’s Labour Market- A New Emphasis on Gainful Employment” has highlighted the fact that increased government spending, rise of independent work and entrepreneurship have led to incremental job growth for 20-26 million people during 2014-17.
*According to a NASSCOM Report in January 2018, around 1.4 crore new jobs have been created between 2014-17 in four core sectors includingautomotive, IT-BPM, retail and textiles. Around 65 lakh of these jobs were created in the retail sector alone.
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*The number of mobile and parts manufacturing units increased from 2 in 2014, to 268 in 2018. These units have also opened fresh avenues for direct employment for lakhs of youth. Such a massive expansion also has an impact via indirect job creation.
*Foreign direct investment is flowing in to India like never before. FDI inflows that stood at US$ 36.05 billion in 2013-14, jumped to US$ 61.96 billion in 2017-18. For the first time in 20 years, in 2018, India beat China in FDI inflows. Such massive investment boosts growth and jobs.
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*According to a report by the Ministry of Tourism, the sector has created 14.62 million (1.46 crore) job opportunities in the country during last four years.
*Domestic air passengers crossed 120 million in 2018. As UDAN added over 30 operational airports to India’s aviation map, these airports also created jobs and livelihood opportunities in tier II and tier III cities.
According to KPMG, the travel and tourism sector grew at 16% per annum adding 30-40 lakh jobs every year.
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*MUDRA aims to provide uncollateralized credit to entrepreneurs up to Rs. 10 lakh. More than 15 crore MUDRA loans worth more than Rs. 7 lakh crore have been disbursed to small entrepreneurs; over 4 crore first time borrowers have started their business using this credit. They would have not only found an employment for themselves but also created more jobs for others.
*A survey by CII has revealed that MSME sector added about 1.49 crore jobs each year in the last four years. This means nearly 6 crore jobs added during the Modi government’s tenure in the MSME sector.
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*Between September 2017 and November 2018, a total of 73.50 lakh net new subscribers were added to the Employees’ Provident Fund Organisation database. Similarly, between September 2017 and November 2018, approximately 10 lakh subscribers were added each month to Employees’ State Insurance Corporation database. Even if we consider a 50% overlap with EPFO data, it yields about 10 lakh workers being added to the formal workforce per month, or 1.2 crore
Further, various states have put out claims on the number of jobs created, including Karnataka which claimed to create 53 lakh jobs during 2013-18 and West Bengal which claimed to create 68 lakh jobs during 2012-16 and 9 lakh jobs in 2017. Is it possible that there is job creation happening in various states but not in the country?
As investment in infrastructure projects like roads, railways, and power plants touches an all-time high, with the pace of building rural roads, railway lines and highwaysalmost doubling, more people would be employed to build such infrastructure.
India has emerged as one of the top hubs of start-ups and there is an ecosystem of mobile apps and aggregators created across sectors like food, logistics, consumables, retail etc. This has propelled job creation.
It is evident that, across sectors, the tenure of the Modi government has seen the proliferation of anumber of fresh avenues to engage human capital on a sustainable basis.
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#OPINION : 13/11/2019 : 1951.
--------------------------------------------------------------------------------------------------------------------------1. #PM to attend BRICS Summit at Brazil from 13th to 14th November : 11 Nov, 2019 l News Updates : PMINDIA.
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Prime Minister Narendra Modi will be in Brasilia, Brazil on 13th - 14th November 2019 to attend the 11th BRICS summit. The theme of the BRICS summit this year is "Economic Growth for an Innovative Future.”
This will be the sixth time that Prime Minister Narendra Modi will be participating at the BRICS summit. His first BRICS summit was at Fortaleza in Brazil in 2014.
A large business delegation from India is also expected to be present during the visit especially to attend the BRICS Business Forum where the business community of all five countries are represented.
Prime Minister is scheduled to hold separate bi-lateral meetings with the Russian President Vladimir Putin and the Chinese Premier Xi Jinping apart from the BRICS business forum closing ceremony and the closed & Plenary Sessions of the XI BRICS Summit.
In the closed session, the discussions are expected to be focused on challenges and opportunities for the exercise of national sovereignty in the contemporary world. This will be followed by the BRICS Plenary Session where the leaders will discuss the intra BRICS cooperation for the economic development of BRICS societies.
Thereafter Prime Minister shall participate in the meeting of the BRICS leaders with BRICS Business Council where in the Chairman of the Brazilian BRICS Business Council and the President of the new Development Bank are expected to submit reports.
On the conclusion of the summit leaders will issue a joint declaration.
BRICS brings together five major emerging economies comprising 42 percent of the world's population, having 23 percent of the global GDP and around 17 percent of the share and world trade.
BRICS cooperation has two pillars including consultations on issues of mutual interest through meeting of leaders and ministers as well as cooperation through meeting of senior officials in a number of areas including trade, finance, health, education, science and technology, agriculture, communications IT etc.
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2.#The visit to Brazil will give me an opportunity to deepen the India-Brazil strategic partnership: PM - 12 Nov, 2019
Prime Minister Shri Narendra Modi would be taking part in this year’s BRICS Summit in Brazil on 13th and 14th November. The Summit’s theme is ‘Economic growth for an innovative future.’
“I look forward to holding discussions with BRICS leaders on greater cooperation in a wide range of areas. On the sidelines of this Summit, I would be addressing the BRICS Business Forum and interacting with BRICS Business Council as well as the New Development Bank. Improving economic linkages augur well for the BRICS nations. The visit to Brazil will give me an opportunity to hold talks with the President of Brazil on ways to deepen the India-Brazil strategic partnership. There is great potential in sectors like trade, defence, agriculture and energy.”, the PM said.
Narendra Modi
✔
@narendramodi
I would be taking part in this year’s BRICS Summit being held in Brazil on 13th and 14th November. The Summit’s theme is ‘Economic growth for an innovative future.’ I look forward to holding discussions with BRICS leaders on greater cooperation in a wide range of areas.
Narendra Modi
✔
@narendramodi
· Nov 12, 2019
I would be taking part in this year’s BRICS Summit being held in Brazil on 13th and 14th November. The Summit’s theme is ‘Economic growth for an innovative future.’ I look forward to holding discussions with BRICS leaders on greater cooperation in a wide range of areas.
Narendra Modi
✔
@narendramodi
On the sidelines of the BRICS Summit, I would be addressing the BRICS Business Forum and interacting with BRICS Business Council as well as the New Development Bank. Improving economic linkages augur well for the BRICS nations.
Narendra Modi
✔
@narendramodi
· Nov 12, 2019
Replying to @narendramodi
On the sidelines of the BRICS Summit, I would be addressing the BRICS Business Forum and interacting with BRICS Business Council as well as the New Development Bank. Improving economic linkages augur well for the BRICS nations.
Narendra Modi
✔
@narendramodi
The visit to Brazil will give me an opportunity to hold talks with President @jairbolsonaro on ways to deepen the India-Brazil strategic partnership. There is great potential in sectors like trade, defence, agriculture and energy.
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HIGHLIGHTS:
#1.India, other BRICS members to strengthen cooperation in digital economy: Modi : 13 Nov, 2019
*PM Modi to take part in BRICS Summit, hold bilateral talks with world leaders in Brazil*India and the other BRICS nations will strengthen cooperation in digital economy: PM
*India and other emerging nations will aim to build mechanisms for counter-terrorism cooperation within the BRICS framework: PM
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#2.BRICS summit to focus on strengthening counter-terror cooperation: PM Modi : 13 Nov, 2019
*BRICS Summit will build mechanisms for counter terrorism cooperation: PM*BRICS summit will focus on strengthening ties among the world's five major economies in key areas such as digital economy, science and technology: PM
*PM Modi to attend BRICS Business Forum and interact with BRICS Business Council and New Development Bank.
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NOTE-1.#Jobs – A Promise Made and Delivered by the Modi Government : March 19, 2019 : PMINDIA
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#New India’s new economy is the home of opportunities. The fastest growing major economy in the world is creating opportunities in employment and entrepreneurship for the youth. There are a number of reports and indicators that show healthy job creation.
--------------------------------------------------------------------------------------------------------------------------#1. Research Reports :
*An analysis by World Data lab suggests that the number of people below poverty line in India is now less than 5 crore. For people to be taken out of poverty, they have to be engaged in certain economic activities.
*A study by McKinsey Global Institute titled “India’s Labour Market- A New Emphasis on Gainful Employment” has highlighted the fact that increased government spending, rise of independent work and entrepreneurship have led to incremental job growth for 20-26 million people during 2014-17.
*According to a NASSCOM Report in January 2018, around 1.4 crore new jobs have been created between 2014-17 in four core sectors includingautomotive, IT-BPM, retail and textiles. Around 65 lakh of these jobs were created in the retail sector alone.
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#2. Vehicle sales indicate job creation :
Net of exports, approximately 7.5 lakh vehicles were sold in FY2018 in India. Considering a replacement rate of 25%, this means 5.6 lakh new commercial vehicles added to the transport sector. Assuming a capacity of employment for each commercial vehicle at 2, we can infer that 11 lakh jobs are annual added in this sector alone.Ifthe sales of cars, 3 wheelers and tractors are factored in addition to this,over 30 lakh jobsare created in this sector alone yearly.--------------------------------------------------------------------------------------------------------------------------
#3. Manufacturing and investment driving employment :
*Foreign direct investment is flowing in to India like never before. FDI inflows that stood at US$ 36.05 billion in 2013-14, jumped to US$ 61.96 billion in 2017-18. For the first time in 20 years, in 2018, India beat China in FDI inflows. Such massive investment boosts growth and jobs.
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#4. Tourism :
*Tourism sector is known for its ability to create direct and indirect jobs. As foreign tourist arrivals grew by 50% in the last 4 years and foreign exchange earnings from tourism grew from US$ 18 billion to US$ 27 billion, the heightened economic activity has provided more jobs to the hospitality and tourism sector.*According to a report by the Ministry of Tourism, the sector has created 14.62 million (1.46 crore) job opportunities in the country during last four years.
*Domestic air passengers crossed 120 million in 2018. As UDAN added over 30 operational airports to India’s aviation map, these airports also created jobs and livelihood opportunities in tier II and tier III cities.
According to KPMG, the travel and tourism sector grew at 16% per annum adding 30-40 lakh jobs every year.
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#5. Self-employment :
*A survey by CII has revealed that MSME sector added about 1.49 crore jobs each year in the last four years. This means nearly 6 crore jobs added during the Modi government’s tenure in the MSME sector.
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#6. Formal Jobs :
*As per the data provided by the Department of Income Tax, an average of 1.5 lakh tax paying professionals were added annually between assessment year (AY) 2014-15 and AY 2017-18. Assuming at least some of these professionals hire some support staff, lakhs of fresh jobs are being created annually by these professionals.*Between September 2017 and November 2018, a total of 73.50 lakh net new subscribers were added to the Employees’ Provident Fund Organisation database. Similarly, between September 2017 and November 2018, approximately 10 lakh subscribers were added each month to Employees’ State Insurance Corporation database. Even if we consider a 50% overlap with EPFO data, it yields about 10 lakh workers being added to the formal workforce per month, or 1.2 crore
Further, various states have put out claims on the number of jobs created, including Karnataka which claimed to create 53 lakh jobs during 2013-18 and West Bengal which claimed to create 68 lakh jobs during 2012-16 and 9 lakh jobs in 2017. Is it possible that there is job creation happening in various states but not in the country?
As investment in infrastructure projects like roads, railways, and power plants touches an all-time high, with the pace of building rural roads, railway lines and highwaysalmost doubling, more people would be employed to build such infrastructure.
India has emerged as one of the top hubs of start-ups and there is an ecosystem of mobile apps and aggregators created across sectors like food, logistics, consumables, retail etc. This has propelled job creation.
It is evident that, across sectors, the tenure of the Modi government has seen the proliferation of anumber of fresh avenues to engage human capital on a sustainable basis.
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JAY HIND
JAY BHARATHAM
VANDHE MATHARAM
BHARAT MATHA KI JAY.
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