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Politicians highlight issues Modi missed in his Independence Day speech

New Delhi, Aug 15 (ANI): Indian political leaders on Friday underlined misses in Prime Minister Narendra Modi's maiden Independence Day speech, while also appreciating his effort to touch upon basic issues the country is facing. Modi, in his speech on the occasion of 68th Independence Day on Friday (August 15), highlighted various topics from digitalization of India to poverty. He urged global investors to make India a manufacturing hub, and pitched for manufacturing in the electronic sector, also calling for foreign investment in manufacturing chemicals, automobiles, agro-business and others. However, Politicos felt he did not mention the core struggles of India, such as inflation and corruption. Congress' Rashid Alvi said that Modi could have talked about major problems like militancy from Pakistan but refrained. Aug 15, 2014
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PM Narendra Modi announces scrapping of Planning Commission

New Delhi, Aug 15 (ANI): Prime Minister Narendra Modi on Friday said that a new institution would be formed in place of the planning commission. The Planning Commission is an institution in the Government of India, which formulates the country's Five-Year Plans, among other functions. Modi also reached out to global investors on Friday, asking them to come and manufacture goods in India. He laid emphasis on IT and related industry, and said the country must come to be regarded as "Digital India" and benefit from the manufacture of electronics instead of imports. Earlier today, the Prime Minister unfurled the flag in the central court of Red Fort, after inspecting the guard of honour. After hoisting the National Flag from the ramparts of Red Fort, he began his addressal to the nation. The Prime Minister also paid homage at the Rajghat before reaching the Red Fort. Aug 15, 2014
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India needs substantial foreign exchange reserves as buffer against outflows: Raghuram Rajan

New Delhi, Aug 15 (ANI): RBI Governor Raghuram Rajan said that country needs substantial foreign exchange reserves as a buffer against capital outflows. India had foreign exchange reserves of $320.56 billion as of the week ending August 1, close to surpassing the record high of $320.785 billion set in September 2011.Rajan has set himself a target of lowering consumer inflation and is even ready to raise rates to achieve it, risking friction with the new government if he is seen as overstepping Aug 15, 2014
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Terror and Friendship cannot go together: Venkaiah Naidu on Pak Statement

New Delhi, Aug 14 (ANI): Union Minister for Parliamentary Affairs, Venkaiah Naidu, on Thursday condemned the cross-statement of Pakistan_s Foreign Ministry claiming to develop friendly relations with India. Responding to PM Narendra Modi_s statement about Pak indulging in proxy wars of terrorism, Pakistan Foreign Ministry had considered the statement as unfortunate after efforts are being made to develop friendly relations between both countries. Naidu said that Pakistan should understand that terror and friendship cannot go together. Aug 14, 2014
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