Zee News :Business

Loading...

Atal Bharat

-

Atal bihari Vajpayee may have passed away but not his achievements and lessons.  Long live and prosper, Atal Bharat



Key takeaways and achievements by Shri Atal Bihari Vajpayee, that sprung up major political, financial, development, and social reforms in Indian history.



  1. Atal ji in Numbers:
    1. Lived 93 years ( 25 Dec 1924 - 16 Aug 2018 )
    2. 10th Prime Minister of India
    3. Prime Minister for 3 times (13 days in 1996, for a period of eleven months from 1998 to 1999, and then for a full term from 1999 to 2004)
    4. In his 3rd term as PM, the GDP rate was above 8%, inflation was below 4% and foreign exchange reserves were overflowing.
  2. Look East policy:  "Look East" policy was developed and enacted during the governments of prime ministers P.V. Narasimha Rao (1991–1996) and further developed by Atal Bihari Vajpayee (1998–2004). The Look East policy back then emerged as an important foreign policy initiative of India in the post-Cold War period, following the collapse of the Soviet Union.
Lesson: Always keep good relationships with your neighbours.

  1. Catapulting India on the nuclear map: True to his name, Shri Atal Bihari Vajpayee gave green flag to Operation Shakti (also known as Pokhran test),
and made the hero of this achievement, Dr APJ Kalam the next President of India, who was later named as the true People's President. Vajpayee coined the slogan: ‘Jai Jawan, Jai Kisan, Jai Vigyan’. He promoted scientific spirit, and not just technology.
Lesson: Embracing science & Use of technology, will lead to safer, better, and brighter future



Quote by PM Shri Atal Bihari Vajpayee: “Our nuclear weapons are meant purely as a deterrent against nuclear adventure by an adversary.” And thus, India made its foothold in regional and global political scenario. Even after sanctions imposed by western countries, India grew at a constant rate. This will lead to first ever US presidential visit to India.
Lesson: Never get fazed by the competition (even if they are bigger than you are) and keep moving forward.
  1. Kargil War: When Militants and Pakistani soldiers infiltrated across the Line of Control (LoC) in J&K and captured hill tops, unmanned border posts, Shri Atal Bihari Vajpayee said, “we will get them out, one way or the other”.



    Lesson: A leader never backs down even if win comes at a cost.
  2. National Highway Development Project (NHDP) to construct world-class highways in India, connecting the four major cities of Delhi, Mumbai, Chennai and Kolkata (‘Golden Quadrilateral’) & Pradhan mantri gram sadak yojana: Connecting all four major cities and villages in India was unprecedented move from Prime Minister’s office. Shri Atal Bihari Vajpayee’s vision played a very important role in improving logistics on national scale. All big ecomm giants like Flipkart, Snapdeal, Amazon etc. maybe selling goods online but are getting delivered at your door steps (faster than ever) using same highways.
    Lesson: Connecting people always pay rich dividend in long term
  3. First UN speech in Hindi: Shri Atal Bihari Vajpayee gave a speech in Hindi at 1977 UN General Assembly Speech as India's Foreign Minister in the Janata Party Government. That was the first time anyone had given a speech in Hindi at the global forum.


    Click here     for full speech.
    Lesson: Believing in your skills and don’t be shy to present it.
  4. Leading the first successful coalition government: “India Has To Run On Consensus” said Shri Atal Bihari Vajpayee (To watch full NDTV interview: click here).
    Lesson:
    1. Always listen to your audience, always.
    2. Even if it is hard to manage but nevertheless, Team is better than going solo.
  5. Setup of Disinvestment Ministry
Now Known as Department of Investment and Public Asset Management
The Department of Disinvestment was set up as a separate Department on 10th December, 1999 and was later renamed as Ministry of Disinvestment form 6th September, 2001.
           These are some important mandates
  1. All matters relating to management of Central Government investments in equity including disinvestment of equity in Central Public Sector Undertakings.
  2. All matters relating to sale of Central Government equity through offer for sale or private placement or any other mode in the erstwhile Central Public Sector Undertakings
  3. Decisions on the recommendations of Administrative Ministries, NITI Aayog, etc. for disinvestment including strategic disinvestment
  4. All matters related to Independent External Monitor(s) for disinvestment and public asset management.
Lesson: There should always be an oversight or a consultant in all matters related to investment(s).  
  1. Telecom revolution with new telecom policy: In 1999, Vajpayee government took a decision to end state monopolies for entities like Bharat Sanchar Nigam Limited (BSNL) and introduced a new Telecom Policy which led to revenue sharing model and eventually paved the way for  call rates getting cheaper as well as affordable mobile phones.
    Lesson: Sharing is a beneficial for all.

  1. Introduced Education as fundamental right
Under Vajpayee government a mission named “Sarva Shiksha Abhiyan” was started. The mission was to provide free and compulsory education to all children between 6 and 14 years of age. The primary objective of the scheme, which commenced in 2000-01, was to reduce dropouts and increase the net enrolment ratio at primary level. In fact, the song School Chale Hum that was used to promote the scheme was penned by Vajpayee himself. With the mission in full force, the rate of dropouts reduced from almost 40 percent in 2000 to less than 10 percent in 2005.
Lesson: Education leads to the betterment of oneself, the society and the nation.
  1. Flags off india’s first modern rail project (Delhi metro)
Former Prime Minister Atal Bihari Vajpayee had gifted the very first Delhi Metro to the national capital. Vajpayee in 2002 inaugurated the Delhi Metro, fulfilling a long cherished dream of an underground rail.
“Hamare liye garv ki baat hai ki 24 December 2002 ko Atal Bihari Vajpayee iss desh ke sabse pehle metro ke passenger bane they” Said current PM Narendra Modi on December 25 to launch the Magenta line of the Delhi metro.


Lesson: Technology and infrastructure are two wheels on a non stopping development train.


About Authors:
  • Anuj Jain: Investment & Financial consultant | Economic analyst and market researcher | Masters in MBA(E-commerce) | AMFI and IRDA registered
  • Vaibhav V. Gupta: Windows Insider, Mozilla Community member | Mobile and web designer & developer | Masters degree in Electronic Media | Love to blog about tech and life


For Everything. For Everyone..
Contact us
+91 958 435 5550
+91 989 326 1959
Location: Indore, Madhya Pradesh, India

Comments

Post a Comment

Popular posts from this blog

Know How to Link AADHAR WITH PAN Last day for linking Aadhaar with PAN; govt may extend deadline

-
Image
Last day for linking Aadhaar with PAN; govt may extend deadline and Know "How to link Aadhar with PAN" "NEW DELHI: Ahead of the August 31 deadline of linking  Aadhaar  with  PAN (Permanent Account Number), reports have emerged about the extension of deadline. News agency PTI, quoting a source, reported that the Finance Ministry is likely to decide on the matter on Thursday. "The government will decide tomorrow if the deadline for PAN-Aadhaar linking will be extended," the source said on Wednesday. However, earlier this month,  UIDAI  CEO Ajay Bhushan Pandey had said that tax payers will have to link their PAN with Aadhaar by the stipulated deadline as the Supreme Court verdict on privacy has no bearing on the requirement." Source: Times of India How To link Aadhar With PAN Follow these Steps: 1- Get Aadhar and pan card ready in your hand and click on this link https://www.incometaxindiaefiling.gov.in/e-Filing/Services/...
Read more

Start investing in "Ganesh Chaturthi" The beginning of Holy Season

-
Image
Benefits of investing in this holy season   Good time to start   Ganesh   Chaturthi  is a festival of  Lord  Ganesha  is also called as “ Vighnaharta ” or the remover of all troubles ,  marks the beginning of  festival season, up to  Diwali . This period is considered as an auspicious time  for making right investment.  Thus, you can start thinking about  Financial Planning   with the blessing of Lord  Ganesha .   Take a step towards  Creating  Wealth    You can start Investing with as low as Rs.500 a month  systematically thr ough  SIP  (Systematic Investment Plan) plans.   Regular monthly investments can lead to a huge corpus in long run without being worried about taxes on returns.   Illustration * :   SIP  started in the  Same  month 10 years Ago.     Source:  valueresea...
Read more

5 Warren Buffett quotes that can help you invest better in volatile times

-
Image
W arren Buffett| Net worth - USD 87.3 billion| CEO and largest shareholder of Berkshire Hathaway Warren Buffett continues to be one of the richest in the world. The firm has stakes in Coca-Cola, American Express and Wells Fargo, among other profit-making firms Here are five quotes of the great investor – Warren Buffett that may help you to create wealth in long term When stock markets turn volatile many investors find it difficult to stay the course. Some investors want to sell off and want to hoard their cash. Some prefer to start buying the stocks that are falling the most. But such knee-jerk reactions may not create wealth for you. Here are five thoughts of Warren Buffett that may guide you in your investment actions in such volatile times. It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Quality matters. Just because a company has fallen 20% from its 52 week high does not make it a great value buy. Do check the...
Read more

Reliance Industries on Boom

-
Image
RIL rallies over 2% post Q3 results; brokerages see up to 18% upside in 12 months Reliance Industries Ltd   (RIL) rose as much as 2.5 percent in morning trade on Monday, after the oil & gas major reported a consolidated profit growth of 16.2 percent QoQ (25.1 percent year-on-year) at Rs 9,423 crore for October-December quarter, driven by petrochemical and Jio businesses. Consolidated revenue from operations during the quarter grew 7.8 percent quarter-on-quarter (21.75 percent YoY) to Rs 1,02,500 crore, aided by volume increase with the start-up of petrochemicals projects and increase in prices in refining and petrochemical businesses. Most brokerages maintain their buy recommendation on the stock but raised their 12-month target prices to Rs1125 levels which translate into a rise of 18 percent from current levels. CLSA: BUY| Target raised to Rs1125 from Rs1080 CLSA maintains a buy recommendation on RIL but raised a target price to Rs1125 from Rs1080 levels. T...
Read more

4 reasons why you should invest in tax saving mutual fund SIPs

-
Image
4 reasons why you should invest in tax saving mutual fund SIP      One should always plan their tax related investments in advance and invest through SIP route in ELSS to get the benefit of rupee cost averaging.                           By investing in ELSS mutual funds, one is eligible for tax deduction up to Rs. 1,50,000 u/s Section 80C of Income Tax Act. If you invest Rs. 1,50,000 in ELSS, you will save Rs. 45,000 (30% on top tax bracket). So the amount that you plan to invest in ELSS can be deducted from your income before calculating taxes. This is subject to an overall cap of Rs. 1,50,000 on the investment amount along with other tax saving instruments.  Start investment early Many tax-payers normally tend to start investing in ELSS funds only towards the end of the financial year, when the time to submit investment proof is upon them. This is a bad investment and tax-plan...
Read more

India to be 5th largest economy in 2018

-
Image
India Prime Minister Narendra Modi during the inauguration of a section of Delhi Metro in Noida, 25 kms east of New Delhi on December 25, 2017. India is set to emerge as the world's fifth largest economy by overtaking Britain and France, a report by a global forecaster showed on Tuesday. And, India will emerge as the world's third largest economy by 2027, the report by the Centre for Economics and Business Research (Cebr) said. "The World Economic League Table shows that despite temporary setbacks from demonetisation and the introduction of the new GST, India's economy has caught up with that of France and the UK and in 2018 will overtake them both to become the world's fifth largest economy in dollar terms," Cebr deputy chairman Douglas McWilliams said. India is projected to surpass Britain to become the world's fifth largest economy in 2018.Source Forbes "On some cost of living adjusted measures India is already the world...
Read more

ITR filing last day today. what happens if you miss today's deadline.

-
Image
Taxpayers must keep all the required details like PAN, Form 16 and other important documents in hand while filing the returns Until the last assessment year, i.e., AY 2017-18 there was no penalty for filing belated income tax returns.  Now, as per section 234F, an individual would have to pay a fee of up to Rs 10,000 for filing ITR after the due date. India: Friday is the last date to file  Income Tax return  or ITR . This year, tax filers are required to submit the returns for 2017-18 financial year and the assessment year would be 2018-19. The deadline to file income tax return (ITR) which was extended by a month to August 31, 2018 is expiring today. If you still have not filed your tax return, it is important that you do it on time due to the changes introduced in last year's Budget.  However if you still delay in filing yout ITR then you might face: The Penalty Last finacial there there was no penalty for late filing of ITR b...
Read more

Don't be late in planning early retirement

-
Image
A big challenge for financial planners is to deal with instances of people dying too young. A bigger challenge is when people live too long. However, the biggest challenge is when they retire too young and live too long. Let me explain. Earlier, it was normal for people to work till 60 and live till about 75. They had to plan for only 15 years of retirement. Today, many of my clients ask me if they can retire at 45. However, the average lifespan of men and women has increased. They say that the person who will live till age 150 is already born. So how does one plan to have a working lifespan of 20-25 years and a retirement lifespan of 50 years? People who have successfully' retired have set themselves a clear path towards this goal, which involved meticulous planning. These people have chosen to be free from worries about whether they are in or out of favour with their bosses, whether they will get that big salary hike, or whether they can retain their jobs next year. It...
Read more

Sensex bounced 450 pts back; top factors that fuelled buying spree on Dalal Street

-
Image
Sensex bounced 600 pts back; top factors that fuelled buying spree on Dalal Street The domestic equity market made a smart comeback on Monday after a disappointing last week, as BSE Sensex surged over 450 points to 33,759, while Nifty50 rose 142 points to 10369 in late afternoon trade.  So what drove Monday’s bull run? Going by the buzz on Dalal Street here is a list of key factors that lifted the market.
Read more