logo
‘If you're Indian, buy made-in-India products only': PM Modi to citizens ahead of festive season

‘If you're Indian, buy made-in-India products only': PM Modi to citizens ahead of festive season

Indian Express19 hours ago
With India's trade negotiations with the US going through a tumultuous period amid global turmoil, Prime Minister Narendra Modi on Sunday called for buying products made in India in the upcoming festive season. He was speaking at the inauguration of two national highway projects in the national capital: the Delhi section of the Dwarka Expressway and the Urban Extension Road-II.
'I request all citizens to trust products made in India. If you're Indian, buy made-in-India products only…I want to say one thing to shopkeepers and businessmen also: there was a time when you used to sell products made elsewhere, maybe because you made more profit there. But now you also have to support my initiative of 'vocal for local',' he said.
Modi also accused the Aam Aadmi Party and the Congress of degrading Delhi's condition as well as of drafting draconian laws. 'For the longest time, we were not even close to power in Delhi. Previous governments have destroyed Delhi during their tenures. They had pushed Delhi into a ditch. It is very difficult to pull Delhi out of problems that have accumulated over the years. But I am confident that the BJP team you have chosen in Delhi will solve these,' he said.
'Earlier governments used to consider Swachhta Mitras their slaves. These people who dance keeping the Constitution on their head, they used to trample on it and betray the beliefs of Babasaheb,' he said.
The prime minister also said he had removed a provision of the Delhi Municipal Corporation Act under which a Swachhta Mitra can be imprisoned for a month if they don't come to work for one day without informing the authorities.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

GST Reforms: From Maruti Suzuki, Eternal to Voltas and HUL - Experts bullish on these 26 stocks. Should you buy?
GST Reforms: From Maruti Suzuki, Eternal to Voltas and HUL - Experts bullish on these 26 stocks. Should you buy?

Mint

time27 minutes ago

  • Mint

GST Reforms: From Maruti Suzuki, Eternal to Voltas and HUL - Experts bullish on these 26 stocks. Should you buy?

The Indian stock market jumped over 1.5% on Monday, following the government's proposal for significant reforms to the complex goods and services tax (GST) system, along with favourable global indicators amid easing geopolitical tensions. PM Modi declared that 'next-generation GST reforms' are set to be introduced by Diwali (October 2025). Analysts believe that the proposed changes, intended to lessen the tax burden on families, are likely to enhance consumption demand and assist in the ongoing recovery of the sector. Although specific details of the GST overhaul have not been revealed yet, it is anticipated to involve the simplification of GST rates for essential goods and frequently used items. Reports suggest that the government may abolish the 12% and 28% GST categories, consolidating products into 5% (with 99% of items in the 12% category expected to transition), 18% (with 90% of products in the 28% category likely to shift), and 40% (reserved for luxury and sin goods) categories. Analysts believe that post-GST reforms, markets are set to focus on consumption-driven sectors such as autos, FMCG, durables, insurance, paints, and logistics, with demand and margin tailwinds in play. 'Key sectors that stand to benefit include:Consumer Staples (through better demand, lower raw material costs), Automobiles (4 wheelers), Cement, Hotels (sub ₹ 7,500 room rate inventory), Retail (footwear), Consumer durables (mainly RACs), Logistics, Quick Commerce, and EMS (likely better demand for ACs),' said brokerage Motilal Oswal in its report. According to analysts at Motilal Oswal, Maruti, Tata Motors, and Ashok Leyland are likely to gain in the automotive sector due to the 4Ws being placed in the 28% tax bracket; they should benefit from the reduced GST rate of 18%. The brokerage anticipates that ICICI Bank, HDFC Bank, and IDFC First Bank will experience advantages in the banking sector. The entire sector is expected to benefit as consumption rises; this will enhance household confidence and increase demand for loans, thus pushing credit growth into double digits in 2HFY26; consumer-focused lenders and credit card companies will see direct benefits. Among non-banking financial companies, Bajaj Finance is positioned to benefit, as reduced EMI obligations for consumer durables should enhance NBFC lending within this category. In the cement industry, Ultratech and JK Cement will likely benefit from improved sentiment; a drop in GST from 28% to 18% could result in a decrease in prices by about 7.5% to 8%, although demand may be less sensitive. In the consumer staples sector, HUVR and Britannia are expected to gain since most items fall under the 18% tax bracket; staple companies tend to benefit from this as several raw materials are taxed at a 12% rate, leading to lower input GST; this segment is crucial for the government's revival efforts. Voltas and Havell's stand to benefit in the Consumer Durable sector, as air conditioners will be subject to a reduced GST of 18% instead of 28%. In the insurance industry, the brokerage mentioned that Niva Bupa, Max Life, HDFC Life, and Star Health can benefit, particularly since policies for senior citizens currently incur an 18% tax, but there is a chance that this could be lowered to 5% or completely exempted. If this happens, health insurers and those focused on term life policies may see advantages. Stocks to benefit Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

Wang Yi in India: China's top diplomat to meet PM Modi tomorrow; hold 24th round of boundary talks with Doval
Wang Yi in India: China's top diplomat to meet PM Modi tomorrow; hold 24th round of boundary talks with Doval

First Post

time28 minutes ago

  • First Post

Wang Yi in India: China's top diplomat to meet PM Modi tomorrow; hold 24th round of boundary talks with Doval

As Chinese Foreign Minister Wang Yi is all set to visit India, his itinerary includes a meeting with Prime Minister Narendra Modi. The Chinese diplomat will arrive in New Delhi on Monday China's Foreign Minister Wang Yi attends the 15th East Asia Summit Foreign Ministers' meeting during the 58th Association of Southeast Asian Nations (ASEAN) Foreign Ministers' meeting and related meetings at the Convention Centre in Kuala Lumpur, Malaysia on July 11, 2025. File Image/Pool via Reuters As Chinese Foreign Minister Wang Yi is all set to visit India, his itinerary includes a meeting with Prime Minister Narendra Modi. It is pertinent to note that the veteran Chinese diplomat's visit to New Delhi is happening as PM Modi prepares to embark on a visit to China for the first time in seven years. The Indian prime minister is scheduled to travel to China from August 31 to September 1 for the SCO Summit in Tianjin, where he is expected to hold bilateral meetings with Chinese President Xi Jinping and Russian President Volodymyr Putin. STORY CONTINUES BELOW THIS AD Meanwhile, Wang Yi will arrive in India on Monday for a three-day visit in which he will also hold talks with his Indian counterpart, Dr S. Jaishankar and National Security Adviser Ajit Doval. The foreign ministers' dialogue is scheduled for Monday evening. Meanwhile, Wang Yi and Doval would meet for the 24th round of Special Representatives talks on the boundary question on Tuesday morning, Times of India reported. The Chinese foreign minister's meeting with Prime Minister Modi will take place at 5:30 pm on Tuesday. During their talks, Wang Yi is expected to brief PM Modi about the agenda for the SCO summit and recent progress in Sino-India ties. Jaishankar and Wang Yi will also look into finalising the agenda for the upcoming Modi-Xi bilateral meeting. Apart from this, an announcement of the resumption of direct flights between the two countries is also expected to take place soon.

INDIA bloc to move impeachment motion against CEC; skip special debate in LS on Astronaut Shukla's space mission
INDIA bloc to move impeachment motion against CEC; skip special debate in LS on Astronaut Shukla's space mission

New Indian Express

time28 minutes ago

  • New Indian Express

INDIA bloc to move impeachment motion against CEC; skip special debate in LS on Astronaut Shukla's space mission

NEW DELHI: The Opposition INDIA bloc is mulling moving an impeachment motion against Chief Election Commissioner (CEC) Gyanesh Kumar after he asked Leader of Opposition in Lok Sabha Rahul Gandhi to either file an affidavit substantiating his vote theft allegations against the poll body or apologise before the country. The proposal for an impeachment motion was discussed at the INDIA bloc meeting held in this morning. Speaking to TNIE, an Opposition leader said that all members of the bloc have approved the proposal. The leader said that legal modalities will be discussed soon. "The process is similar to the impeachment of a judge," he said The Opposition parties have also decided not to cooperate with the government on the special discussion on the impact of Astronaut Shukla's space mission. The Lok Sabha is scheduled to have a two-day special discussion on the same. "We have decided not to take part in the discussion and to continue with its protests," the leader told TNIE. At a press conference on Sunday, the CEC warned Gandhi that if he failed to provide a declaration under oath within seven days, his claims of vote theft and poll rigging would be rendered "baseless and invalid." Hitting back at the poll body, Rahul Gandhi alleged that the BJP-led NDA government passed a 2023 law to prevent action against the EC as it is "helping" the saffron party and "indulging in vote chori" with them. Addressing a gathering at Aurangabad at the end of the first day of his Voter Adhikar Yatra, Gandhi said, "Today they (ECI) held a press conference. I want to ask them why the government change the law on CCTV footage of election process. Do you know that no case can be initiated against the election commissioners? In no court in India can there be a case against them."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store