New Delhi, Nov 28 (IANS) Veteran global investor Jim Rogers on Thursday said the government under Prime Minister Narendra Modi clearly understands that more incentives should be given to people, regulations need to be brought in and taxes need to be cut in order to become a Viksit Bharat (Developed India) by 2047.
In an interaction with IANS, 82-year-old Rogers said a free and open market can help India become really successful.
“The new government, for the first time, understands that you need to give people incentives, you need to cut regulations, you need to cut taxes and you need to cut red tape,” said Rogers.
From employment-linked incentives and affordable healthcare to production-linked incentive (PLI) schemes, the BLP-led NDA government has announced several schemes which have empowered millions of Indians across age-groups.
The Union Budget has proposed five schemes with an outlay of Rs 2 lakh crore to generate jobs for the youth. Union Finance Minister Nirmala Sitharaman said the Centre will implement three schemes for ‘Employment Linked Incentive’ as part of the Prime Minister’s package.
PM-JAY is the world’s largest health assurance scheme, extending comprehensive secondary and tertiary care hospitalisation benefits of up to Rs 5 lakh per family annually. It will benefit nearly 55 crore individuals that form the bottom 40 per cent of the population in the country.
More than Rs 1.1 lakh crore has been spent on providing free hospitalisation under the flagship PM-JAY since its inception in 2018.
Moreover, about four lakh elderly women aged 70 and above have enrolled for the Ayushman Vay Vandana Card in the last three weeks since its launch in October-end.
According to Rogers, there are a lot of smart, educated people who need to be encouraged to innovate. If this is done, India is going to become one of the great nations of the world again.
“And if Delhi cuts the regulations, cuts the red tape, cuts the taxes, cuts the tariffs, then the country can be very, very successful,” Rogers said.
–IANS
na/pgh
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
