Energy, petro vital in making India $5 tn economy: Amit Shah

Home minister urges PDPU to undertake research in recycling of single-use plastic

GN Bureau | August 30, 2019


#Education   #Narendra Modi   #Petroleum   #Energy   #Economy   #PDPU   #Amit Shah   #Environment  
Home minister Amit Shah at the convocation of the PDPU in Gandhinagar on Thursday, with Gujarat chief minister Vijay Rupani and RIL chairman Mukesh Ambani
Home minister Amit Shah at the convocation of the PDPU in Gandhinagar on Thursday, with Gujarat chief minister Vijay Rupani and RIL chairman Mukesh Ambani

The petroleum and energy sectors will play a vital role in making India a 5 trillion dollar economy, as envisaged by prime minister Narendra Modi.

Addressing the 7th convocation of the Pandit Deendayal Petroleum University (PDPU) today in Gandhinagar on Thursday, home minister Amit Shah said the government had taken several initiatives to develop these sectors, such as the new Hydrocarbon Exploration and Licensing Policy (HELP), but still more needs to be done.

He remarked that while India comprised of 18 percent of the world’s population, its energy consumption is only 5.4 percent of the global energy consumption, which shows that the per capita energy consumption in the country is quite low.

Giving an overview of the economy, he said India with strong macroeconomic fundamentals is the fastest growing economy and has reduced fiscal deficit from 5 percent of GDP to 3.3 percent of GDP. India’s place on the World Bank’s Ease of Doing Business Ranking has improved to 77 in 2019, from 142 in 2014. Similarly, India’s ranking on the World Economic Forum Global Competitiveness Index has also improved from 71 to 58.

Shah noted prime minister Modi’s goal of placing India among the world’s three largest economies by 2022. He noted that while there were only 3,000 startups from 1947 to 2014, today there are more than 20,000 startups, providing the youth opportunities to be globally competitive. He urged the graduates to take this era of transformations forward.

He said that decisions like the introduction of GST have proven that Modi takes decisions not to please people but to improve their lives and develop the nation. He also spoke of the surgical strikes and the Balakot airstrikes earlier this year and said that the strong, bold leadership of Modi has ensured that no adversary would think of harming India. He said the challenges of Articles 370 and 35A were solved by the iron will of Modi.

Shah recalled that PDPU was one of Modi’s dream projects when he was the chief minister of Gujarat, and said that through sheer hard work and will, within 12 years it has established its name as one of the best higher education institutes of the country.

Referring the prime minister’s remarks during the address to the nation on the independence day earlier this month, he urged PDPU to undertake research and development in recycling of single-use plastic and asked the institute to innovate in the field of eco-friendly plastic.

The home minister, visiting his parliamentary constituency, also participated in the concluding ceremony of ‘Mission Million Trees’ programme of the Ahmedabad Municipal Corporation. As part of the Mission, launched on the World Environment Day, June 5, 2019, 10,87,000 trees have been planted in the city.

He also held a meeting to review the progress of various central sector schemes in his parliamentary constituency of Gandhinagar.

Comments

 

Other News

Bird walks for youngsters to be held across India

Early Bird and the Rainmatter Foundation have announced five bird walks, led by naturalists, across India on June 10. The walks, to be held in Agartala, Dehradun, Mysore, Panjim, and Tirupati early in the morning, are part of the Rainmatter Foundation’s Walking Lightly campaign, being observed throug

India celebrates Environment Day with thrust on Mission LiFE

The Ministry of Environment, Forest and Climate Change, Government of India organized the World Environment Day on Monday with a thrust on Mission LiFE. The concept of LiFE, i.e., Lifestyle for Environment was introduced by prime minister Narendra Modi at the World Leaders` Summit in Glasgow at COP26, when

Green banking: an emerging way forward

Green Banking is an initiative taken by the banks to promote environment-friendly practices and reduce carbon footprint of their activities. Green financing (a part of ‘Green Banking’) is a broad term that can refer to a financial investment flowing into sustainable development projects and ini

GST revenue in May clocks 12% y-o-y growth

The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363 crore (including ₹41,772 crore collected on import of goods) and cess is ₹11,489 crore (including ₹1,057 crore collecte

Need local solutions to climate change: P Velrasu of BMC

Climate change rising temperature and sea levels are posing new risks for coastal cities. With population growth rate of 1%- 2% in India every year, Mumbai too is growing and is population will double from 20 million to 40 million in the coming years. The city is also at the risk of rising sea level. It ne

Civil Services 2022 Top 20 felicitated

Union Minister of State (Independent Charge) for Science and Technology, MoS PMO, Department of Atomic Energy and Department of Space and MoS Personnel, Public Grievances and Pensions, Dr Jitendra Singh on Tuesday interacted with and felicitated the first 20 All India Toppers of IAS/ Civil Services Exam 20

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter