Recently Prime Minister Narendra Modi unveiled the world’s tallest statue (182 meters) of Sardar Vallabhai Patel in Gujarat. Although Sardar Patel’s valuable contribution towards Indian National Movement and Post-independence consolidation is commendable, building such a colossal statue with really huge investment (around Rs. 3000 crore) in just a few years raises serious political, economic and social concerns.
Banking Regulation (Amendment) Bill, 2020 was introduced in Lok Sabha on 3rd March 2020 to improve cooperative banks’ management and regulation so as to protect the interests of the depositors. It also proposed to strengthen the cooperative banks by increasing professionalism, enabling access to capital, improving governance and ensuring sound banking through the RBI. This bill seeks to ensure that PMC-like frauds are not repeated in the future.
Recently, the Prime Minister reviewed the plans being envisaged for implementing the Arth Ganga project and pushed concerned states to speedily implement the projects under Arth Ganga. The PM also elaborated on the importance of the project in the sustainable development model with a focus on economic activities related to the river.