PM Modi’s Investment Tip in Stock Market: Prime Minister Narendra Modi took a dig at the opposition, saying they have a “secret boon” whereby anyone they wish ill fortune on succeeds, as it has with PSUs like Hindustan Aeronautics Limited and Life Insurance Corporation of India. The prime minister criticized the opposition’s “ostrich approach” and claimed that because of their deep-seated mistrust of the public, they are unable to see the trust of the people.
The prime minister claimed in his response to the no-confidence motion in the Lok Sabha that the Opposition’s crude language and constant arguing serves as a “Kala Tika” to ward off bad omen.
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The prime minister claimed it was the Opposition’s “secret boon” that all of the institutions it targeted for criticism always shined.”Whoever they wish bad for, ends up doing well,” he said.
According to Prime Minister Modi, the Opposition tried their best to spread false information and mislead the populace with their attitude toward the developments in the banking industry. However, the net profit of the public sector banks increased two-fold, Modi said.
He also discussed the phone banking fraud that led to the country’s NPA crisis, saying that the nation has recovered from it and is now moving forward.
Modi also used HAL as an example, claiming that the opposition had disparaged the aerospace behemoth.
He said HAL is touching new heights of success and has registered the highest-ever revenue.also said the Opposition spoke ill about LIC which is now “growing stronger with each passing day”.
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My tip to those interested in the stock market – invest in government companies and your money will grow, Modi said.
The prime minister noted that a few days ago he had said that in his third term, India will become the third largest economy in the world.
As a responsible Opposition, the prime minister said, they should have questioned the government on their roadmap to achieve this goal or at least provided suggestions “but that was not the case”.
However, after 2014, India found a place in the top five economies of the world, he said. Modi said this was achieved through the mantra of “reform, perform and transform” with definite planning and hard work.This will continue and necessary reforms will be done, he added.
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“In 2028, when you will bring a no-confidence motion, the country will be among the top three economies,” PM Modi said.
The prime minister talked about their lack of faith in campaigns such as Swachh Bharat, Jan Dhan Account, Yoga, Ayurveda, Startup India, Digital India and Make in India, which had been beneficial for the country.
In his remarks, the prime minister also mentioned an IMF working paper which states that India has almost eradicated extreme poverty.Quoting the IMF, the prime minister said the Indian Direct Benefit Transfer (DBT) Scheme and other social welfare schemes are a “logistical marvel”.
The parties of the Indian National Developmental Inclusive Alliance (INDIA) had brought the no-confidence motion against the government. The motion was defeated by a voice vote.
During the PM’s speech, the opposition had left the chamber to show their disapproval of Modi.
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