READ: PRIME MINISTER NARENDRA MODI’S 71ST INDEPENDENCE DAY SPEECH

National News

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My dear Indians, on the auspicious occasion of Independence Day, my wishes to all my fellow Indians. The entire nation, along with the independence spirit, is celebrating Janmashtami as well. I can see in huge numbers in front of me some young Krishnas. From Lord Krishna to Mahatma Gandhi, our country has a rich historical, cultural heritage. I, on behalf of 1.25 billion Indians salute those who’ve sacrificed for the freedom, honour & pride of our country. Sometimes, some problems become very big challenges for us. Good rains highly contribute for the country to prosper on the whole. But it is the effect of the changing air & water that natural disturbances can cause severe obstructions. For the last few days, there have been several pockets in the country, that had to face the brunt of this problem. We saw the loss of many innocent lives at the (Gorakhpur) hospital. In these difficult times, the support of our fellow Indians keeps us going. And I assure all of you, in such times, we will leave no stone unturned to ensure your wellness & security. My dear fellow Indians, this year is an extremely important year for Independent India. Just last week, we recollected memories of 75 years of the Quit India movement. This year we are also celebrating 100 years of Champaran Satyagraha. This year also marks 100 years of the Sabarmati Asharam. This also marks the time, when Lokmanya Tilak had said, ‘Swaraj is my birth right’. It is 125 years since the tradition of Ganeshotsav had started to inculcate the feeling of public sentiment. It is a day in history, which inspires all of us to do something for the country. 70 years of Independence & 75 years unil 2022, from 1942 to 1947, Indians portrayed such show of strength, which not just gave sleepless nights to the Britishers, but they were also forced to leave the country and go back. We still have 5 years till India completes 75 years. In this time our collective strength, hard work & determination, while remembering our brave freedom fighters can help us create a country par excellence. Hence, with the vision of New India, we have to help the country develop further. With the resolution, hard work & sacrifices of 1.25 billion Indians, we can do anything. We all understand the power of collective strength. No matter, how powerful Lord Krishna was, when the gwalas stood together with their sticks, their collective strength helped lift the Govardhan Parvat. When Shri Ram had to go to Lanka, the vanar sena came together to build the Ram Setu, which helped Ramji cross to Lanka. With Mohandas Karamchand Gandhi, very Indian weaved a thread with cotton. It was their collective strength that helped India become independent. Nobody is big or small, even a squirrel can cause a change. Which is why in this population of 1.25 billion, nobody is big or small. Every Indian at his end can contribute towards a new India in 2022, after 75 years of Independence. With a new resolution, new energy, hard work & collective strength, we all can create a ‘New India’ that is safe, developing and strong. An India that provides equal opportunities for all. An India that is developed in science and technology. There is a sentiment attached to India’s struggle for freedom. We are all well aware that during this struggle, a teacher would teach at school, a farmer would engage in farming. A laborer would continue his work. No matter what work one undertook, they knew they were working towards India’s freedom struggle. This is a very important subject. Food is prepared everyday, but when it is presented to the deity it becomes sacred. When we toil hard. But when we work for India’s pride, when we work to ensure India is out of poverty, to ensure India’s social fabric is secure the result is more impactful. This year we must carry forward the message. The upcoming 1st January.. I don’t think the upcoming January 1st is common… Those who were born in the 21st century, it is an important day.. the youngsters born in 21st century, this year will be a turning point for them. When they turn 18, they will creators of India’s fortune. The fortune of 21st century will be created by these youngsters. They were born in 21st century and they will turn 18 and I welcome these youngsters. I salute them and congratulate them. I welcome them. You will turn 18, you are getting a chance to create India’s future. Take part in India’s fast paced growth. The country invites you. My dear countrymen, during Mahabharat, Arjun asked several questions to Shri Krishna. Arjun was told, that your mood impacts your man. The end result is always impacted by what one thinks. For us too, if our mind is firm, if we are determined towards a prosperous India… We were filled with disappointment, but now we must be optimistic. We must end pessimism. I believe the ‘chalta hai’ attitude era of ‘let things be’ has gone. Now we must believe that things change and can change. If we have the resources, will power. If we are willing to sacrifice, if we have willingness to make a change, then a change happens automatically and determination turns into desired results. In Independent India, it is obvious that the issue of National Security is close to every Indian’s heart, our country and our forces, our brave men or anyone else, not just the Army, Air Force and the Navy all uniform forces.. whenever they got a chance they have shown their ability. Our forces never took a step back to display their courage. Be it Left wing extremism or terrorism or infiltrators or any force that is want to disrupts India’s peace, those who don the uniform have set the definition for bravery. When surgical strikes happened the world was forced to accept our power. They were forced to accept the power of our people. My dear countrymen, it is clear that India’s security is our prime concern. India is capable of defending its internal security be it the sea, border, cyber or space. We are capable to taking on those who target us.

My dear fellow Indians, those who fill their lockers by looting innocent Indians, cannot have a sound sleep even today. The confidence with which an honest man moves ahead makes him realise his true worth. In today’s times, honesty is celebrated. Those who are corrupt have no place to hide their faces. This gives us a new faith. Those with black money have been cheating the legal system for so many years. We have fast-tracked the crackdown and the govt has confiscated more than 800 crore Rs of wealth. When this happens, an honest man gets a renewed confidence that this is a country of honest people. For the last 30-40 years, the OROP scheme for our forces was pending. But the govt has ensured it comes through. We work towards the betterment of our forces which strengthens their feeling of sacrificing themselves for the country. There are several states under the central govt, in our country. GST has given competitive corporative federalism a new strength. We’ve seen a new result with the success of GST. Every single Indian is responsible for this. Technology has seen a new miracle. The world is shocked to see a our country roll out GST in such a short span. This brings a renewed confidence in every generation and gives birth to newer systems. Today roads and railway tracks are being built at twice the speed. We have brought electricity to 14,000 villages. We all see, the country is getting lit. We have opened bank accounts for more 39 crore people and 9 crore farmers get soil health cards. 2.5 crore women have got gas connections. This renews the faith a poor man, he feels aligned with the rest of the country & this promotes larger development. Youth gets a security of more than Rs 8 crores, without guarantee, to start their own business. They get reduced interest rates from the banks. Expenses can be curtailed. If a middle class man wants to buy his own house, he can get lower interest rates. Every person moves forward with the faith, that the country is moving forward. Today, times have changed. The govt does what they say. Even if the interview is over or the system has changed. For a regular businessman who would have to fill 60-70 forms earlier, we have brought it down to 5 forms. Point I’m trying to make is, good governance has helped speed up the development process. Which is a population of 1.25 billion Indians are moving forward with this faith.

Dear countrymen you would be happy to know that we are not alone in our fight against terror. Several countries are now willing to help us. People are now giving us input when Hawala transaction takes place.We also get inputs related to terrorism. We are fighting terrorism along with the world. I would like to congratulate all the countries that are helping us combat terror. This is helping us combat terror. The development of Jammu and Kashmir is the aim of India along with the state government. We are determined to ensure it becomes the heaven that it was. Whatever happens in Kashmir, there is a lot of bickering. Everyone is hurling abuses at the other. But I believe that whatever happens in Kashmir… a handful of extremists who keep plotting against us… but my idea to win this fight is clear. Abuses won’t help us win this battle.. Bullets wont help us win this battle.. the issue will resolve only when we accept every Kashmiri. Every Indian has been taught this tradition and that is why neither abuses nor bullets will resolve this issue. There will not be any soft stand against terrorism….we have repeatedly maintained that people should enter mainstream politics. You have the right to speak in Indian democracy. It is main stream politics that can change peoples lives and that is why I am happy with the attempts made especially in regions with left wing extremism. Youngsters surrendered in a large numbers. Youngsters are guarding our borders. I am happy that Government of India is now launching a website that will showcase the winners of Gallantry awards. All information will be made available of all those who made the nation proud. A portal will be launched of those who made the nation proud. This will inspire the next generation. There will be a lot of information on those who made the nation proud. With the help of technology, we are trying to encourage honesty. Our fight against corruption continues. We are modifying this technology. We have linked AADHAR to ensure there is transparency amd several people across the globe discuss this model and study this. Now a person who wants to sell large amount of his produce can contact the Government. He can supply his product. He does not need middlemen. The portal is called as GEM and Government can procure products through this. This has ensured transparency is big way.

Dear countrymen you would be happy to know that we are not alone in our fight against terror. Several countries are now willing to help us. People are now giving us input when Hawala transaction takes place.We also get inputs related to terrorism. We are fighting terrorism along with the world. I would like to congratulate all the countries that are helping us combat terror. This is helping us combat terror. The development of Jammu and Kashmir is the aim of India along with the state government. We are determined to ensure it becomes the heaven that it was. Whatever happens in Kashmir, there is a lot of bickering. Everyone is hurling abuses at the other. But I believe that whatever happens in Kashmir… a handful of extremists who keep plotting against us… but my idea to win this fight is clear. Abuses won’t help us win this battle.. Bullets wont help us win this battle.. the issue will resolve only when we accept every Kashmiri. Every Indian has been taught this tradition and that is why neither abuses nor bullets will resolve this issue. There will not be any soft stand against terrorism….we have repeatedly maintained that people should enter mainstream politics. You have the right to speak in Indian democracy. It is main stream politics that can change peoples lives and that is why I am happy with the attempts made especially in regions with left wing extremism. Youngsters surrendered in a large numbers. Youngsters are guarding our borders. I am happy that Government of India is now launching a website that will showcase the winners of Gallantry awards. All information will be made available of all those who made the nation proud. A portal will be launched of those who made the nation proud. This will inspire the next generation. There will be a lot of information on those who made the nation proud. With the help of technology, we are trying to encourage honesty. Our fight against corruption continues. We are modifying this technology. We have linked AADHAR to ensure there is transparency amd several people across the globe discuss this model and study this. Now a person who wants to sell large amount of his produce can contact the Government. He can supply his product. He does not need middlemen. The portal is called as GEM and Government can procure products through this. This has ensured transparency is big way.

 

 

My dear fellow Indians, those who fill their lockers by looting inncocent Indians, cannot have a sound sleep even today. The confidence with which an honest man moves ahead makes him realise his true worth. In today’s times, honesty is celebrated. Those who are corrupt have no place to hide their faces. This gives us a new faith. Those with black money have been cheating the legal system for so many years. We have fast-tracked the crackdown and the govt has confiscated more than 800 crore Rs of wealth. When this happens, an honest man gets a renewed confidence that this is a country of honest people. For the last 30-40 years, the OROP scheme for our forces was pending. But the govt has ensured it comes through. We work towards the betterment of our forces which strengthens their feeling of sacrificing themselves for the country. There are several states under the central govt, in our country. GST has given competitive corporative federalism a new strength. We’ve seen a new result with the success of GST. Every single Indian is responsible for this. Technology has seen a new miracle. The world is shocked to see a our country roll out GST in such a short span. This brings a renewed confidence in every generation and gives birth to newer systems. Today roads and railway tracks are being built at twice the speed. We have brought electricity to 14,000 villages. We all see, the country is getting lit. We have opened bank accounts for more 39 crore people and 9 crore farmers get soil health cards. 2.5 crore women have got gas connections. This renews the faith a poor man, he feels aligned with the rest of the country & this promotes larger development. Youth gets a security of more than Rs 8 crores, without guarantee, to start their own business. They get reduced interest rates from the banks. Expenses can be curtailed. If a middle class man wants to buy his own house, he can get lower interest rates. Every person moves forward with the faith, that the country is moving forward. Today, times have changed. The govt does what they say. Even if the interview is over or the system has changed. For a regular businessman who would have to fill 60-70 forms earlier, we have brought it down to 5 forms. Point I’m trying to make is, good governance has helped speed up the development process. Which is a population of 1.25 billion Indians are moving forward with this faith.

Dear countrymen you would be happy to know that we are not alone in our fight against terror. Several countries are now willing to help us. People are now giving us input when Hawala transaction takes place. We also get inputs related to terrorism. We are fighting terrorism along with the world. I would like to congratulate all the countries that are helping us combat terror. This is helping us combat terror. The development of Jammu and Kashmir is the aim of India along with the state government. We are determined to ensure it becomes the heaven that it was. Whatever happens in Kashmir, there is a lot of bickering. Everyone is hurling abuses at the other. But I believe that whatever happens in Kashmir… a handful of extremists who keep plotting against us… but my idea to win this fight is clear. Abuses won’t help us win this battle.. Bullets wont help us win this battle.. the issue will resolve only when we accept every Kashmiri. Every Indian has been taught this tradition and that is why neither abuses nor bullets will resolve this issue. There will not be any soft stand against terrorism….We have repeatedly maintained that people should enter mainstream politics. You have the right to speak in Indian democracy. It is main stream politics that can change peoples lives and that is why I am happy with the attempts made especially in regions with left wing extremism. Youngsters surrendered in a large numbers. Youngsters are guarding our borders. I am happy that Government of India is now launching a website that will showcase the winners of Gallantry awards. All information will be made available of all those who made the nation proud. A portal will be launched of those who made the nation proud. This will inspire the next generation. There will be a lot of information on those who made the nation proud. With the help of technology, we are trying to encourage honesty. Our fight against corruption continues. We are modifying this technology. We have linked AADHAR to ensure there is transparency and several people across the globe discuss this model and study this. Now a person who wants to sell large amount of his produce can contact the Government. He can supply his product. He does not need middlemen. The portal is called as GEM and Government can procure products through this. This has ensured transparency is big way.

In many ways, we’ve been successful in bringing about transparency. We have fast tracked our flagship programs. When there is a delay in any of our programs, be it because of financial or other obstacles, it affects my poor brothers & sisters the most. We can reach Mars in 9 months. When I went through some past accounts of our govt, I realized there was a 72 km rail project which was stuck for 42 years. During such delays, a poor man questions the progress of our country. To bring about a change these are the sort of details we have concentrated on. Be it Jio technology or space technology, we have tried to bring about a change. You must have seen a time when there was strain between state & the center regarding urea. Later it was for kerosene. It was an atmosphere, where the center looked like the older brother and state looked like the younger brother. Because I have been a CM for a long time, I realize the importance of the role of the state & CM in overall development. Which is why we insist on competitive cooperative federalism. Today we take all the decisions together. From this very place, one PM had spoken about the sorry state of the electricity of several states. Today we have strengthened the states and helped them solve their electricity issues. This is a huge example of federalism. Along with GST, be it the Smart City program or the Swach Bharat campaign, be it toilets or ease of doing business, states have moved shoulder to shoulder with the country for all these programs. Democracy is our biggest strength. However today, democracy is restricted to voter list. We want to move in a direction where people make the system and not the system, making its people. Lokmanya Tilak had said, ‘Swaraj is my birth right’. That should be our boundary. The country should fulfill its own responsibility and its people should fulfill their responsibility. When we move from governance to self-governance, the country moves forward. When it/came to cleanliness, everyone moved together with that campaign. When it was about demonetisation, people were astonished, some said, Modi’s gone. But the courage & confidence that the population of 1.25 billion Indians showed, has successfully helped curb corruption.

We attempt to strengthen democracy through citizen participation. My dear countrymen Lal Bahadur Shastri coined the phrase ”Jai Jawan Jai Kisan”. Our farmer never looked back. Today there is a record crop production today in the midst of natural calamity. My dear countrymen, there is never was a tradition to procure lentils in the market. It was traded in bulk of 1000 tons. This time when my farmers produced lentils to feed the poor nutritious food the Government procured this in bulk to encourage these farmers. Pradhan Mantri Kisan Bhima Yojana is a shield for my farmer brothers. Three years back only three and a half crore farmers were covered under this scheme and enjoyed its benefits. Now within a short span of time one 1.25 crore farmers were covered under this and soon the number reached 5.45 crore. Pradhan Mantri Krishi Sinchai Yojana….If a farmer gets a chance he can procure gold from water and that is why I fulfilled several schemes since the last time I spoke from Red Fort. 50 new schemes will introduced soon. I vowed to introduce 99 schemes before 2019 I will introduce them and ensure water is supplied to every farm. Till we don’t provide facilities between seed-to-farm we can’t change the fate of our farmers and that is why we need infrastructure. We need change every year. Every year we face losses worth crores and that is why to change that we increased FDI so that the world helps us with food processing.

We gave a boost to infrastructure. We introduced Pradhan Mantri Sampradhan Yojana through which infrastructure that will boost hand holding. This will help in development of farmers. Demands, infrastructure and nature of jobs are changing. Human resources must be trained and Govt has introduced several schemes. We introduced a scheme so that the youth can procure loans without any guarantee. Our youth must be self-reliant. We must create employment not seek it and in the last 3 years several youngsters are self reliant because of this. A youngster can employ several others.

We took a very important step towards creating world class universities. We created 20 universities so that people can take decisions related to their future, government will not interfere, plus the government is willing to give 1000 crore. I am confident that our country will develop in the field of education. In the last three years, 6 IITs, 7 IIMs, 8 IIIT were created and education was linked to skills. My sisters and mothers seek employment in large numbers and that is why we changed labour laws to ensure they could work at night. They are important part of family as they are an important part of our future and that is why we changed maternity leaves from 12 weeks to 36 weeks. I would like to applaud those women who suffered due to triple talaq. They were forced to lead a life of suffering and these women started a revolution. They stunned the inteligensia. Media helped them. This changed the environment in the country. I applaud them and I am sure that India will help these women in their fight. India will completely support them. I am confident that they will succeed in this fight for female empowerment. In the name of religion and faith some people do things that can destroy the social fabric. Country can progress through peace and stability. The poison of casteism and groupism will never help a country progress. This is the land of Buddha and Gandhi. Development of all is the culture of this country. We must ensure this tradition moves forward successfully and that is why force cannot be encourage in the name of religion. We cant encourage violence and vandalism and government property is destroyed in violence. This property belongs to India. Who owns this cultural and spiritual wealth? This belongs to all Indians. That is why violence in the name of religion can never work. This country will never accept it. I urge all Indians. First the slogan was ‘Quit India’ now it is ‘Unite India’. We must take along every person every element. We must ensure India moves along too. We need a strong infrastructure, stable development for a developed India.

 

Dear Countrymen, we took countless decisions in the last three years. Some of them have been noticed and some went unnoticed.
But one thing is important. When you strive for such a big change, obstacles come and the speed slows down. But look at the way our government is functioning . When a train passes by a railway station or changes its track, it has to lower its speed from 60 to 30. In other words, even a train’s speed slows down on changing the track. We are trying to take the entire country to a new track, but we have not let the speed slow down. We have maintained the pace. Whether we have brought in GST or any other system and scheme, we have been successful and we will continue to be so. We have strengthened the infrastructure. Large amount of funds are being dedicated to infrastructural development. Be it the modernization of railway stations or constructing airports in smaller cities or making arrangements for waterways and roadways or building gas grids and spreading optical fibre networks, we are giving strength to all kinds of modern infrastructure. My dear countrymen, in the 21st century, North eastern India is the most potent region to take our country forward. It holds so much of potential, so much of capable human resource, tremendous natural resource, hardworking people who have the ability to change. their lives by their will and resolve. Our entire focus is on Eastern UP, Bihar, West Bengal, Assam, the north-eastern states and Orissa. These are extremely capable states which have tremendous natural resources. We are working towards tapping it fully so that it provides newer heights to our country. Dear Countrymen, corruption free India is a very significant task, we are trying to strengthen this endeavour. After forming the government, constituting the SIT was our first task. Today, after three years, I want to tell my countrymen with pride that we have succeeded in the surrender of more than 1.25 lakh crore of black money. After that, we took the decision of demonetization.

Through demonetization, we have achieved a lot of success. All the hidden black money had to become a part of the mainstream. You may have noticed that we used to extend the deadline by a week or a fortnight and we used to make arrangement for exchanging old currency notes at petrol pumps, railway stations and pharmacies. We wanted all the money coming into the banks to formally become a part of our economy and we were successful in this task. And as per a recent research, almost 3 lakh crore rupees, and this is not government’s research, it has been done by an outside agency, after demonetization, 3 lakh crore rupees that could never come back to the banking system in the past, have returned. In the money deposited in the banks,an amount of more than 1.45 lakh rupees is under suspicion. More than 2 lakh crores of black money has returned to the banking system and those possessing it have been compelled to be answerable to the system. Between April to August, those filing IT returns has increased to 56 lakh, but last year this number was a mere 22 lakhs. It was more than double and this was as a result of our fight against corruption. More than 18 lakh people have been identified for having disappropriate assests and that is why they have to answer it. 4.5 lakh have accepted their fault and there are others who never filed income tax in their life. But now they have no option. Even if a few companies shut down in our country then there is a massive debate around it. But you will be surprised to know shell companies were created and after demonetization when data mining was done, 3 lakh companies were discovered that indulged in hawala transactions. Can anyone imagine that? Majority of these registerations have been cancelled. Even if 5 companies shut down there is a lot of talk, but we shut close to two lakh companies and those who looted must answer that.

My Dear Countrymen, the times have changed. We have the largest population of youth in our country. The world knows us for our IT & Digital sectors. Will we still continue to live with the same mindset? There was a time when leather coins existed. Slowly they got obsolete & no one cared. Today we have paper notes, with time that’ll get converted to digital currency. If we introspect and take responsibility of shifting towards digital transactions. Make it a point to use BHIM App for our transactions and use more pre paid options. I’m glad to announce, these digital modes are increasingly being used. In comparison to last year, there has been a 46% increase in pre paid transactions. We are slowly moving to a less cash economy. My dear Countrymen, there are certain programs implement by the Govt which help a regular man save money. If you use an LED bulb, you can save anywhere from 2000-5000 Rs. If you succeed with the ‘Swachch Bharat Campaign’, then a poor man’s expenses can go down by 7000 Rs which he spends on medicines. With a controlled inflation, expenses have curtailed that has indirectly helped you save money. Public Medical center has proved to be a boon for the poor for getting cheaper medicines. We brought down the costs with operation & stents. Our eventual aim is to move towards knee surgeries and provide cheaper medical facilities for the poor. Earlier, dialysis was held only in the main centres. We have made an attempt to bring it the local centres as well. We’ve taken it to about 350-400 centres and almost made dialysis free for the poor man. Today the country can be proud, that we have brought out our capabilities in front of the world. We’ve /had the successful implementation of navigation through GPS. With 60 satellites, we’ve successfully had a tie up with many countries to help. BHIM App has astonished the world. Rupay Card, quantity wise runs in crores. If it becomes operational, it will not just prove beneficial for the poor but also turn out to be a huge achievement.My only request to all of you is to move forward with the vision of ‘New India’. Like it is said, if you don’t do something at the right time, the desired result can never be achieved. Which is why team India with a population of 1.25 billion has to pledge to make a New india by 2022. We’ll do this for ourselves and our country. Nobody will do it /for us.We’ll do more than before and we’ll do better than before. We’ll move forward to a achieve a revolutionized future. Lets together make a country where the poor have their own pucca homes, electricity & water. Farmers earn twice the money and can have a sound sleep. We’ll create an India with ample opportunities for women & children. We’ll together make a country which will be free from terrorism & casteism. We will work towards a country that’ll be free of corruption. A clean & healthy country that’ll fulfill the dream of self governance. My dear countrymen, let’s move forward together in the run to development. After 70 years of independence & before India/turns 75, we have 5 precious years to create a revolutionized future for the country.I once again thank all patriots. I thank the new faith of a population of 1.25 billion Indians. I invite Team India to move forward with a new resolution. Once again, all the best. Bharat Mata ki Jai. Vande Mataram. Jai Hind!

 

 

 

‘ARE YOU A VIRGIN?’ ASKS PREMIER MEDICAL INSTITUTE

TRENDING

Are you a doctor planning to get into Indira Gandhi Institute of Medical Sciences? Planning to serve the patients at this premier institute in Patna?

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But before you join the institute there is just one form you need to fill… A form to declare your VIRGINITY!

Yes, a virginity form, a form where employees are expected to declare the following:

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Virginity Status

Bachelorhood

Marital Status

Number of wives

Number of Husband’s wives

Widower

After several media outlets covered this story, the baffled hospital has now changed the word Virginity to Unmarried.

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They claim that this was merely a case of ‘poor translation’ and the word virgin didn’t mean ‘virginity’. The hospital fails to realise that such poor worded forms can demoralise employees as this is an invasion into one’s private life.

But may be next time, the hospital can also issue a form inquiring into the the details of their employees education? May be?

AMAZON- THE GROWTH STORY

BUSINESS, World Affairs
Year Milestone
1994 Jeff Bezos quits his job, launches Amazon.  Initial startup capital- his parent’s personal savings
1995 Amazon.com goes online with book sales. Bezos raises an $8 Million round of funding from Kleiner Perkins
1997 Amazon goes public at $18 per share
1999 Bezos named Time Magazine’s “Person of the Year” for popularising online shopping.
2009 Bezos acquires Zappos through  stock swap
2013 Bezos acquires the Washington Post
2015 Amazon surpasses Walmart as the most valuable retailer in the United States
2016 Becomes the fourth most valuable public company, goes offline with its first bookstore in Seattle
2017 Amazon acquires Dubai-based Souq.com, Bezos becomes the second richest person in the world

Amazon founder Jeff Bezos became the second richest person in the world, moving ahead of when Amazon acquired on 29 March acquired Middle East’s largest online retailer, Souq.com. According to Bloomberg, Bezos added around $1.5 billion to his fortune (now at $75.6 billion) as his company’s share rose to $18.35 billion as of  29 March.

From Bezos’ garage to becoming the world’s largest online retailer, here is a quick overview the incredible journey of the company.

From The Start

The year was 1994 when Bezos read a statistic that in the spring of 1994 web usage grew at 2300 percent.  This gave him the idea of tapping into the internet revolution to start an internet company we all now as amazon today. Jeff, 30 years old, at that time, quit his job as V.P of D.S Shaw and Co. and started Amazon from his garage, the rest they say is history.

Bezos made a list of ‘top 20′ products that he could be sold on the internet and decided to go with books because of low cost and a universal demand. That was just a start and now we know amazon is everywhere, selling everything.

In an interview at the Academy of Achievement, Bezos revealed that the initial startup capital was funded by his parents. He warned them that there was a 70 percent chance they could lose their life savings but they bet on him and his dream anyway. Later in 1995, Amazon raised a series A funding of $8M from Kleiner Perkins Caufield & Byers. By 1999, the value of its initial investors the Kleiner Perkins Caufield & Byers created returns of over 55,000%.

The rise and rise of Amazon

It was July 1995, amazon.com was introduced to the world. Within 30 days, without any press, Amazon was able to sell books in 45 countries and 50 US states. By September, the sale hit $20,000 a week.

In 1997, Amazon went public to raise capital with a share price of $18. Priced at over $800 per share currently, it took only about a year to reach there.   Since the start of 2015 Amazon’s share price has risen by 173 per cent, seven times the growth of the preceding two years.

Committed to long-term growth, the company has continued to reinvest their revenue back into growth and has been consistently keeping the profit at a minimum.

The Road Ahead

Amazon has big plans for the future. The plans of overseas expansion more aggressive when it finalized to buy Dubai-based souq.com on Mar 29. With Souq.com, popularly called “Amazon of the Middle East,” Amazon will supposedly be getting 23 million online visits a month as claimed by the Souq.

Shipping across 100 countries, Amazon currently operates inside of at least 16 countries. This in no way ensures a smooth sail, for the company. Amazon is facing a tough competition from Jack Ma’s Alibaba in China, the company is on a head on collision with Flipkart in India.  In India, driven by its growth in tier two and three cities, Amazon has left no stone unturned to expand its services. It has partnered with India Post to deliver to all serviceable zip codes to ensure cost effective and faster delivery of products. Despite this, the company accounts for just 16% of the country’s $22 billion e-commerce market, with Flipkart and Snapdeal still holding a large share of   44% and 32% respectively.

The advantage, however, that amazon has is that it is not just restricted to being a mere online retailer and it doesn’t intend to confine itself to that either. Its cloud-computing business, Amazon Web Services (AWS), has been a blessing for the startups. Popular video streaming service Netflix also uses AWS to serve millions of users. Amazon’s personal assistant, Alexa, has been well-received in its home market.

Apart from this, amazon is all set to venture into the offline retail store business. This is an interesting turn since it is the company responsible for populalising online buying.  A New York Times report revealed the company’s  plans to open up electronics stores in the US, for people who might not always be willing to buy products online. Amazon has already launched a bookstore in New York, a grocery store in Seattle, and now plans to open its first retail store in Bengaluru, India. With the guiding principle of “customer obsession rather than competitor focus’” in mind, Amazon wants to redesign the retail experience for its customers.

Although not every path that amazon has trodden along has been a success- Like the Kindle Fire Tablet, Amazon has not shied away from innovation and that has been the key to its success. Although the success of its ventures remains to be seen, as of now, looks like amazon is on its way up and up, fulfilling the customer needs from A to Z with a smile.

National Health Policy 2017

Health Care, National News

The Union cabinet chaired by Prime Minister Modi approved the National Health Policy 2017 (NHP 2017). The last health policy was formulated in the year 2002, changing healthcare needs and socio economic changes necessitated a fresh policy.

The policy mainly focuses on preventive healthcare and also advocates universal access to quality healthcare at affordable costs.

WHY WE NEED TO LOOK AHEAD OF GDP?

BUSINESS

WHY WE NEED TO LOOK AHEAD OF GDP?

“What we measure informs what we do. And if we’re measuring the wrong thing, we’re going to do the wrong thing.”

Joseph Stiglitz

Nobel Laureate in Economic Sciences (2001)

In an election rally in UP, PM Narendra Modi recently took a jibe at the economists criticizing demonetization. He quoted the new GDP growth data released by Central statistical Organisation, which puts the growth rate at 7 per cent in the third quarter of the financial year 2016-17.  For decades now, GDP and its growth thereof, has been regularly cited in discussions related to the economic progress. China for one has remained obsessed with the growth so much so that as to set specific targets for GDP growth in its annual and five year plans.

  Karan-Kangana & the other nasty fights in Bollywood

Entertainment

B-town celebs are know for their fake camaraderie. The fake air-kisses and love is usually limited to cameras and Twitter.
But last week a very viscous fight broke between producer Karan Johar and actress Kangana Ranaut.

Well, for the uninitiated the fight began after the Kofee with Karan episode featuring Kangana was broadcast on air. The ‘Queen’ called KJo a flag bearer of nepotism in Bollywood and slammed him only working with those who had a surname.

A Toothpick to Leverage a Sledgehammer

National News

Article by: Wg Cdr Ravindran Achuthan (Retd.)
Very often in life, it pays not to act on a problem. The inaction provides an intended catalyst for a changed yet favorable scenario in future. In case of state craft, this tactic can offer changed dimensions merely due to flow of time and there strategic advantages.
In the case of Sino-Indian relationship, the issue of Masood Azhar can hardly be called strategic.

Even the much hyped attempt for entry into Nuclear Suppliers Group (NSG), if nuclear experts and strategic experts are to be believed, does not offer India any strategic advantage. This is because the Indo-US nuclear deal and the subsequent deals signed with other countries have already given India most of the strategic advantage that it has sought. This, in other words, reduces the issue to mere symbolism or at best, something to dish out to the domestic audience.