Current Affairs

9-11 DECEMBER 2023

by | Dec 12, 2023

India’s Economic Progress: PM Modi Highlights Achievements and Future Prospects

  • GDP Growth: Prime Minister Narendra Modi disclosed a robust GDP growth of 7.7% in the initial six months of the ongoing fiscal year, attributing it to India’s economic strengthening.
  • Transformative Reforms: PM Modi underscored the impact of transformative reforms implemented over the past decade, signaling a positive trajectory for the nation.
  • Infinity Forum 2.0: The Prime Minister addressed the ‘Infinity Forum 2.0’ conference at the GIFT City in Gandhinagar, outlining his vision to transform it into a global hub for financial and technology services.
  • Global Financial Hub: PM Modi envisions GIFT City as a global nerve center for new-age global financial and technology services, emphasizing its pivotal role in shaping the future of the financial landscape.
  • Fintech Growth: India is positioned as one of the fastest-growing fintech markets globally. The GIFT International Financial Services Centre (IFSC) is emerging as a key player in this domain.
  • Youth Talent: Modi highlighted India’s emergence as a global capacity center, crediting this success to the talent of the youth. He urged fintech experts to collaborate and innovate to address global challenges.
  • Diverse Trade Facilities: The Prime Minister pointed out the diverse trade facilities available in the country today, showcasing multifaceted growth across sectors.
  • IT Talent and Data Protection: India’s finance sector benefits from robust IT talent and stringent data protection laws, ensuring secure digital connectivity and bolstering confidence in the financial ecosystem.
  • Aviation Sector Growth: PM Modi underscored the remarkable growth in the Civil Aviation sector, noting a doubling of airports in the last 10 years and a daily influx of four lakh passengers. He projected a promising future with plans to purchase 1000 aircraft in the coming years.
  • UNESCO Recognition: Modi extended congratulations to the people of Gujarat for the inclusion of the state’s traditional Garba dance in UNESCO’s ‘Representative List of the Intangible Cultural Heritage of Humanity.’

In conclusion, Prime Minister Modi’s address reflects the positive trajectory of India’s economy, driven by transformative reforms, technological advancements, and a vision for global leadership in the financial and technology sectors. The nation’s achievements and future prospects mark a promising outlook for India on the world stage.

Source: AIR

 

Eastern Zonal Council Meeting 

  • Leadership by Home Minister Amit Shah: Union Home Minister Amit Shah chaired the 26th Eastern Zonal Council Meeting in Patna, emphasizing the importance of cooperative federalism for comprehensive development.
  • Participating States: The meeting included representatives from Bihar, Jharkhand, West Bengal, and Odisha, fostering collaboration for regional progress.
  • Appeal for Cooperative Federalism: Minister Shah urged all members to embrace the spirit of cooperative federalism, emphasizing the need for a liberal and amicable approach to resolving longstanding issues.
  • Success of the Eastern Zonal Council: Over the past nine years, the Eastern Zonal Council has successfully resolved more than 1,100 disputes through dialogue, showcasing its effectiveness in conflict resolution.
  • Caste Census Concerns: Bihar Chief Minister Nitish Kumar raised the issue of a caste-based census, urging the Centre to conduct one. He emphasized its significance in ensuring justice for deprived classes and highlighted Bihar’s efforts for poverty alleviation based on socio-economic reports.

 

Zonal Councils

Zonal Council Historical Background Objectives Structure Functions
Southern Zonal Council Established in 1957 under the States Reorganization Act. Promote inter-state cooperation and coordination on economic and developmental matters. Representatives from concerned states and Union ministers. Conflict resolution, economic planning, and development.
Western Zonal Council Created alongside the States Reorganization Act of 1956. Facilitate a platform for states to discuss and resolve common issues. Representatives from concerned states and Union ministers. Advisory decision-making power, aiming for consensus and cooperation.
Northern Zonal Council Formed in 1957 under the States Reorganization Act. Strengthen federalism by fostering unity and understanding among states. Representatives from concerned states and Union ministers. Addressing shared concerns, promoting economic and social development.
Eastern Zonal Council Instituted in 1957 under the States Reorganization Act. Encourage collaborative efforts for economic and social development. Representatives from concerned states and Union ministers. Conflict resolution, economic planning, and addressing common issues.
Central Zonal Council Established concurrently with the States Reorganization Act of 1956. Facilitate a platform for states to discuss and resolve common issues. Representatives from concerned states and Union ministers. Advisory decision-making power, aiming for consensus and cooperation.
North-Eastern Zonal Council Constituted in 1971 under the North-Eastern Areas (Reorganization) Act. Foster unity and address specific issues in the North-Eastern region. Representatives from concerned states and Union ministers. Collaboration for regional development, addressing unique challenges.
  • Historical Background: Zonal Councils were established to streamline inter-state cooperation and coordination, each originating around the time of the States Reorganization Act.
  • Objectives: The overarching goal is to promote unity, understanding, and collaborative efforts among states, addressing common issues and fostering development.
  • Structure: Comprising representatives from concerned states and Union ministers, the councils operate with an advisory decision-making approach, emphasizing consensus and cooperation.
  • Functions: Zonal Councils play a crucial role in conflict resolution, economic planning, and addressing shared concerns, contributing to the overall development of the respective regions.

 

Source: AIR

 

Also read: December 5 & 7

Written By Vishakha Khatri

My name is Vishakha Khatri. I am an engineering graduate and a civil service aspirant with a passion for spreading knowledge about Indian polity. I believe that understanding our political system is crucial for every citizen, and I am committed to making this information accessible to everyone in my own easy way. Through my experiences in civil service preparation and my unique perspective as an engineering graduate, I hope to inspire and educate others on the importance of Indian polity.

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