Narendra Modi inaugurates national Institute of Securities Markets in Raigad

Narendra Modi inaugurates national Institute of Securities Markets in Raigad Prime Minister Narendra Modi on the on-going demonetisation drive on Saturday said, it is only a short term pain for a long term gain. Speaking at the inauguration of the new campus of National Institute of Securities Markets (NISM) PM Modi said my government will continue with sound economic policies to ensure

India’s bright future in long run; no decisions for short-term political gains. On Goods and Service Tax (GST) PM said, “Constitutional amendments on GST that remained pending for years has been passed and the long awaited GST will soon be a reality.”

Describing his aim as a PM he stated,” my aim is to make India a developed country in one generation.”He further stated,”We have made progress and improved ease of doing business. Foreign Direct Investment (FDI) has now reached record levels.” On start-up projects PM said “my government is very keen to encourage start-ups. Stock markets are essential for the start-up ecosystem.” “Our markets should show that they are able to successfully raise capital for projects benefiting the majority,” added PM Modi.

Hitting out at Congress era over currency PM stated,” India is been seen as bright spot. To see how far we’ve travelled, we should look back to 2012-13 when the currency was falling sharply.”