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Government encouraging honest business dealings through GST, insolvency code: Modi

IANS  |  Indore 

In an outreach to the Dawoodi community, a Shia of Muslims, on Friday said treats the world as family and takes everyone along which distinguishes it from other countries.

Speaking at Ashara Mubaraka -- Commemoration of the Martyrdom of -- organized by the Dawoodi community at the here, he praised the community for its honesty and said it has always played a key role in India's progress and growth story.

"We are people who treat the world as a family and follow the tradition of taking every one along. This is the strength of our society, our heritage that distinguishes us from other countries," Modi said.

Remembering the sacrifices of Imam Husain, the said the Imam always stood against injustice and attained martyrdom for peace.

Modi said the community had imbibed the message of and taken it to the world and his message has a greater relevance in today's world.

Appreciating the work done by Syedna Mufaddal Saifuddin, the of the Bohra community, which has a good number of business people, Modi said love and dedication towards the nation are hallmarks of his teachings.

He said the government was encouraging honest through laws like the GST and the Insolvency and Bankruptcy Code and has succeeded in sending a clear message in the past four years that business should be carried out according to rules.

He said the country has achieved an over 8 per cent GDP growth rate due to the fair business practices encouraged by his government.

"The and traders are the backbone of economy. They are an important unit to produce employment. They are being encouraged to the extent possible. But this is also true that all five fingers are not alike. There are people in society who treat dishonesty as business," Modi said.

"In the last four years, the government has succeeded in giving a clear message that all activities should take place within the rules. The honest are being encouraged through GST, Insolvency and Bankruptcy code," Modi added.

He said trust among global investors has increased in the last four years and investment is at a record level.

He said is the fastest growing economy among the major economies and is seeking to achieve a double digit growth rate now. "And the way we are progressing, the country can achieve it despite the challenges before us."

The said that the kind of esteem had in the past, "we have the opportunity to get the same respect for New India."

"We have pride on the past, faith on the present and self-confidence of a bright future. We will keep marching together for rebuilding the country," he said.

Modi said his relationship with the Bohra community was very old and they supported his endeavours when he was of

"It is my good fortune that I have always got your affection. There will probably be no village in which does not have a from the Bohra community. When I was chief minister, they gave me support at every step. Your warmth has brought me here," Modi said.

He said the Bohra community had helped the government cope with the water problem and malnutrition and had built 11,000 houses for the poor.

Noting that the 'Swachhata Hi Seva Movement' will begin on Friday, Modi said he will interact through with every section including religious leaders, artists, entrepreneurs and citizens.

Referring to Ayushman Bharat, which will be launched on September 25, Modi said it has come like a "sanjeevni (lifeline)" for 50 crore poor people in the country and was in a trial phase at present.

Referring to Indore, he said the city was the in the cleanliness drive and has also done good work in the area. "The youth in entire are giving speed to this campaign."



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 14 2018. 15:52 IST