100 Days of Modi Government 2.0: "First 100 days marked by development, trust and big changes," says PM Modi
100 Days of Modi Government 2.0: The Government announced a mega bank merger of 10 big Public Sector banks into four entities to realize the goal of making India a $5 Trillion economy.
100 Days of Modi Government 2.0: The first 100 days of Modi Government 2.0 have been of “development, trust and big changes” in the country, said Prime Minister Narendra Modi during a big rally in Rohtak, Haryana on September 8, 2019.
The Prime Minister said that the NDA government has taken several important decisions in the past 100 days, including in the farm sector, banking sector and for national security. The Prime Minister also highlighted that the number of bills passed in the previous Parliament session and the amount work that was done in the period is record-breaking, more than what has been covered in the past 7 years.
Union Minister Prakash Javadekar released a report card of Modi 2.0 on September 8, which outlines the key decisions taken by the Modi Government in the first hundred days of its second term. The booklet is titled ‘Jan Connect’ outlines the 100 days of bold initiatives & decisive actions by the Modi Government. Following are some of the key points from the booklet.
100 Day of Modi Government 2.0: Key Decisions
1. Revoking of Article 370
Modi Government in a historic move revoked Article 370 and Article 35A of the Indian Constitution on August 5, removing the special provisions given to the state of Jammu and Kashmir. The Government also passed the Jammu and Kashmir (Reorganisation) Act, 2019, under which J&K was bifurcated into two Union Territories- Jammu and Kashmir with a legislative assembly and Ladakh without a legislative assembly.
2. India to become $5 Trillion economy by 2024
In its first budget, Modi Government 2.0 set the goal of making India a $5 Trillion economy by 2024, by enhancing focus on behavioural change, increase in private investment, structural reforms in agriculture and growth of SMEs in India.
3. Historic Merger of Public Sector Banks
The Union Government on August 30, 2019 announced a mega bank merger to realize its goal of making India a $5 Trillion economy. The Government merged ten of the biggest public sector banks (PSBs) into four entities. The aim was to create the 2nd largest, 4th largest, 5th largest and 7th largest PSBs in India. Now the total number of public sector banks in India stands at 12, down from 27 in 2017. The bank mergers are expected to reduce the cost of lending, enhance profitability and boost the economy.
4. Taxation- Easing of Taxation norms
The government announced that Aadhaar and pan card, both are interchangeable for filing for Income tax returns. Now, the taxpayers will be able to use any of the two identity cards to file for IT returns. The government has also simplified the GST refund process. All pending GST refund due to MSMEs will be paid within 30 days. The government also announced linking of Repo rate to interest rate, thus, reducing EMI for housing and car loans.
5. Boost to Start-ups
The Government withdrew angel tax provision for start-ups and their investors. The government has also decided to set up a dedicated cell for startups to address their problems. Small start-ups with turnover up to Rs 25 crore will continue to get tax holiday, as specified under Income Tax Act, 1961.
6. Boost to Automobile sector
The government lifted the ban on government departments from purchasing new vehicles. Further, the government announced that the BS-IV vehicles, purchase till March 31, 2020 will remain operational for the entire period of registration. The main behind such measures is to provide a boost to the automobile sector.
7. Code on Wages, Bill 2019
The government has attempted to simplify lives by making labour laws more transparent. The Government has approved the Code on Wages, Bill 2019 to provide fixed minimum wages to the entire workforce. The government has also simplified 32 central labour laws into 4 codes to make them more transparent and accountable. The new laws aim to ensure minimum along with timely payment to all workers. These laws are expected to benefit at least 50 crore unorganized sector workers. The Code on Wages, Bill 2019 also removes discrimination against women and ensures equal wages as male workers.
8. New Triple Talaq Bill
The Union Government, in a landmark decision, passed the Muslim Women (Protection of Rights on Marriage) Bill, 2019 on July 30, 2019. The Triple Talaq bill bans and criminalises the practice of instant triple talaq among Muslims. The bill aims to protect vulnerable Muslim women. The law makes instant triple talaq a punishable offence with imprisonment up to three years and fine.
9. Amendments to POCSO Act
The Government has incorporated the death penalty for sexual assault against children. The government has also decided to set up 1023 fast track courts in one year for speedy disposal of POCSO cases.
The Union Government has extended the PM Kisan Scheme to another 3.44 crore farmers, taking the total number of beneficiaries under the scheme to 6.37 crore. Besides this, the government has enabled 5 crore small and marginal farmers to get pension benefits under PM Kisan Maan Dhan Yojana in the first three years. The scheme provides a minimum pension of Rs 3000 per month to those above 60 years of age.
11. Jal Shakti Ministry
The government announced the formation of a new ministry in its new term- the Jal Shakti Ministry to address water-related issues in the country. The Government has also launched the Jal Shakti Abhiyan on July 1, 2019, which is a campaign for water conservation and water security.
12. Most productive Budget session
The budget session of the Modi Government 2.0 was one of the most productive parliamentary sessions in the last seven years. Important bills including revoking of Article 370, reorganization of J&K, triple talaq and motor vehicle bill were passed during the session. Overall, 40 bills were introduced in the two parliamentary houses (33 in LS and 7 is RS) during the budget session and 35 bills were passed by the Lok Sabha and 32 by the Rajya Sabha and 30 by both the houses. The passage of 30 bills by both houses is a record in a single session after the constitution of the Lok Sabha.
13. Road Safety
The Parliament passed the Motor Vehicle (Amendment) Act 2019, paving the way for efficient, safe and corruption free transport system in the country. The law also aims to improve road safety and help citizens in their dealings with the transport departments. The Motor Vehicle (Amendment) Act, 2019 will increase the fine on most traffic violations by almost 10 times. The revised fine for driving without licence is Rs 5000 against previous fine of Rs 500. For drunken driving, the fine has been increased from Rs 2000 to Rs 10000.
The Government has also issued directions to NHAI to make electronic toll collection mandatory on all its toll plazas from December 2019.
While the Modi Government calls its first 100 days as a period defined by development and key decisions, the opposition party, Congress has claimed the same period to be defined by three terms- tyranny, chaos and anarchy.
Narendra Modi-led NDA registered a landslide victory in the 2019 Lok Sabha polls. The mandate was even larger than 2014 and it saw many prominent opposition leaders get defeated from their stronghold constituency.
While the ruling party credits its return to the development and growth that India has seen under its reign, the opposition has a contradicting view. Lately, a lot of leading economists have echoed their concern about the Indian economy.
India's GDP growth in the first quarter of fiscal year 2019-20 slipped to 5 percent, which is the lowest in the past six years. The GDP decline has pushed India to the 7th place in the global GDP rankings of 2018, according to data compiled by the World Bank.
According to World Bank's 2017 report, India had become the fifth largest economy, pushing ahead of the UK and France.