Latest news with #MissionSudarshanChakra
Hans India
2 days ago
- Business
- Hans India
PM Modi highlights landmark initiatives driving India's growth
New Delhi: Prime Minister Narendra Modi on Tuesday highlighted the government's landmark initiatives, such as the National Critical Minerals Mission, Mission Sudarshan Chakra, Viksit Bharat Rozgar Yojana and National Deep Water Exploration, which are driving India as the fastest-growing economy towards 'Viksit Bharat'. The Prime Minister's statement on X social media platform came in response to an article written by Minister of Petroleum and Natural Gas, Hardeep Singh Puri, elaborating how the major reforms undertaken by the PM Modi have accelerated India's growth on the path to achieve the 'Viksit Bharat' goal. The minister said, 'Prime Minister Narendra Modi's unprecedented 12th Independence Day speech was remarkable for its sweep and scope. The speech which unleashed a Brahmastra - aimed at accelerating India's path to Visit Bharat reminded us, the world is watching an ancient civilisation transform into a modern power - not by abandoning its roots but by drawing strength from them.' Puri, in an article titled the 'Red Fort Charter', stated that 'from energy security to employment, PM Modi laid out a blueprint for wide-ranging reform. The speech was remarkable not merely for its sweep but for its scope — next-generation reforms that are bold, and capable of reshaping the destiny of 1.4 billion people — with a clarity of vision that the nation has never witnessed before.' He further stated that India's clear assertion of sovereignty over critical technologies, announcement of National Critical Minerals Mission, focus on nuclear energy, unveiling of Mission Sudarshan Chakra, bold tax and legal reforms, PM Viksit Bharat Rozgar Yojana and National Deep Water Exploration Mission -- with other far-reaching reforms and measures -- will triple India's domestic hydrocarbons production to 85 million tonnes by 2032. The Petroleum Minister further pointed out that energy security had long been the Achilles' heel of India's growth. For decades, hesitation and 'no-go' classifications throttled exploration and deepened import dependence. Under PM Modi, India has reduced 'no-go' areas for Exclusive Economic Zones by almost 99 per cent, freeing 10 lakh sq km for exploration and production (E&P). "Coupled with Open Acreage Licensing Policy (OALP), this has opened a vast canvas to Indian champions and global majors alike — our hydrocarbon basins will no longer lie dormant but be harnessed for national progress," the minister wrote. The National Deepwater Exploration Mission, announced from the ramparts of the Red Fort, sets an ambitious frontier agenda in the Bay of Bengal and the Arabian Sea. It aims to unlock 600-1,200 million metric tonnes of oil and gas reserves through the drilling of nearly 40 wildcat wells. For the first time, India will systematically open up its complex offshore frontiers — from the Bay of Bengal to the Arabian Sea — with a framework that de-risks investment by allowing recovery of up to 80 per cent of costs in the case of dry wells, and 40 per cent upon commercial discovery, he added.
Time of India
3 days ago
- Business
- Time of India
Will India's consumption surge drive markets? Hiren Ved's take on festive season optimism
Tired of too many ads? Remove Ads There is a lot happening on the global front. How do you read the current sentiments across markets? Given that tax cuts are yet to play out and credit growth expansion is awaited, consumption seems critical for the government. As an investor, how should one interpret this shift, particularly in the FMCG staples segment? But how much more can one invest at a level of 320? With RBI measures, budget tax cuts, and now GST reforms, can we expect only positive momentum in consumption and overall macro conditions? On the defence sector, the Prime Minister mentioned Mission Sudarshan Chakra for developing indigenous aerial defence systems by 2035. Given high valuations after a sideways momentum, do you see upside for defence and shipbuilding? Hiren Ved, Alchemy Capital, says India's consumption revival is gaining momentum following tax cuts, GST reforms , and RBI measures, boosting festive-season spending. FMCG , quick commerce, and retail sectors are poised for near-term gains, while defence remains a decade-long strategic story with rising domestic capabilities, offering both short- and long-term investment The missing link in the economy—consumption—was struggling, and the government has taken an unexpected but positive step. While the actual rates are not yet out, combining the one trillion of tax cuts from the budget with an estimated 1.25–1.75 trillion stimulus, this represents substantial overall support. Both monetary and fiscal policies are now strongly pro-growth, which should drive very strong consumption trends this festive consumption exposure had shifted from FMCG staples to retailers and quick commerce companies because they were growing faster. That trend is unlikely to change. While staples will benefit, a leveraged play on consumption could be to invest in quick commerce and large retailers, which should see significant volume growth from the tax cuts. Investors can pick and choose across staples, autos, or platform companies, all of which should depends on how investors are positioned. There is still significant upside for platform companies as they are a derivative of FMCG growth. The whole ecosystem should benefit from this policy macro fundamentals have always been strong, as reflected in the recent ratings upgrade. Strengthening domestic consumption is a smart move to offset any impact of slower exports due to trade and tariff uncertainties. So, domestic consumption will provide a near-term cushion and support overall Consumption may get a short-to-medium-term boost, but defence is a strategic, decade-plus story in India. Recent geopolitical developments, including US tilt towards Pakistan, make it imperative to accelerate domestic defence technology. While the consumption boost is immediate, defence spending and domestic capabilities will continue to rise, and we remain very bullish on this sector.
Mint
3 days ago
- Business
- Mint
Why did Data Patterns, Bharat Dynamics and other defence stocks soar up to 4%? Key reasons explained
Defence stocks came under investors' radar today, August 18, with names like Data Patterns, Zen Technologies, Bharat Dynamics, Garden Reach Shipbuilders, DCX Systems, ideaForge Technology, and Mazagon Dock Shipbuilders rising between 1% and 4% following the government's strong push to manufacture critical military equipment locally in a bid to further reduce dependence on foreign technologies. Prime Minister Narendra Modi, in his Independence Day address, announced 'Mission Sudarshan Chakra' and renewed his call for homegrown jet engines. The announcement of indigenous air-defence system came just days after Pakistan Army chief Field Marshal Asim Munir reportedly hinted at targeting Indian assets along the border. During 'Operation Sindoor,' India showcased the strength of its indigenously developed defence systems by successfully intercepting drones and missiles launched by Pakistan. Modi's announcements further highlight India's commitment to producing critical military technologies entirely within the country and exporting them globally to friendly nations. This mission aims to develop a Dome-like defence system designed to safeguard critical sites, including civilian areas. Though the prime minister did not elaborate on the new air-defence system, experts suggested it could be on the lines of Israel's Iron Dome all-weather missile shield, known for its high effectiveness. Modi further urged Indian innovators and youngsters to develop jet engines within the country, ensuring that future defence technology is entirely home-grown and self-reliant. Work on an indigenous jet engine began nearly 35 years ago under the Kaveri engine programme. Sanctioned by the Cabinet Committee on Security in 1989, the project was intended to power the country's Light Combat Aircraft (LCA). However, the engine is still not ready for operational use. The defence sector has been receiving a significant boost in recent years, with increased budget allocations that have expanded orders for domestic defence companies and strengthened the nation's borders amid escalating geopolitical tensions, particularly in the Indo-Pacific region and along India's frontiers with China and Pakistan. In FY25, the country achieved a milestone as annual defence production reached an all-time high of ₹ 1.5 lakh crore, representing robust 18% growth over the previous fiscal's output of ₹ 1.27 lakh crore and an impressive 90% jump since FY20, when the figure was ₹ 79,071 crore. India's domestically manufactured defence products are also gaining global traction, with exports hitting a record high of ₹ 23,622 crore in FY25. The government now aims to achieve annual defence exports worth ₹ 50,000 crore by 2029, further expanding its global footprint. Orders for the BrahMos missile also surged after it played a crucial role in Operation Sindoor, targeting Pakistani military infrastructure, including air bases, army cantonments, and terror camps. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
4 days ago
- Business
- Business Standard
Best of BS Opinion: Promises of big reforms, failed talks, and new ideas
Prime Minister Narendra Modi's 12th Independence Day address laid out fresh economic and security priorities. He announced a task force to streamline regulations, continuing efforts to scrap outdated rules. On taxation, he promised GST reforms with two main slabs of 5 and 18 per cent, plus a 40 per cent rate for sin goods. While this may ease compliance, concerns remain over revenue, notes our first editorial. On security, he launched Mission Sudarshan Chakra, an indigenous defence shield, and a demography mission to tackle illegal migration in border regions, underscoring both immediate and long-term goals. Meanwhile, the Alaska summit between US President Donald Trump and Russian President Vladimir Putin ended without progress. Trump failed to secure even a ceasefire in Ukraine and seemed to back Russia's demand that Kyiv cede occupied territory. The outcome bolstered Putin's stature while leaving Ukraine exposed as doubts rise over US support, highlights our second editorial. For President Volodymyr Zelenskyy, the failed summit casts a shadow on his upcoming White House meeting and raises questions about Washington's reliability in conflicts worldwide, including Taiwan, with implications for countries like India. And back home, the GST debate has resurfaced. Ajay Shah, Vijay Kelkar and Arbind Modi write that while Modi's plan reduces seven slabs to two plus a sin tax, it falls short of the 'perfect GST' — a single low rate with full input tax credit. Restricted credit burdens MSMEs, while larger firms gain. A single 12 per cent rate with direct Union-State sharing could simplify compliance and raise revenues by 1.4 per cent of GDP. They also call for redesigning IGST and including petroleum, electricity, gold, and luxury goods. India's soybean sector, notes Surinder Sud, faces stagnation with output stuck at 12.5 million tonnes. Farmers are shifting crops due to low returns and climate pressures. Industry bodies want 2026 declared the 'Year of Soy' to raise awareness and expand cultivation. Rich in protein and nutrients, soy could cut oil imports, fight malnutrition, and boost exports, but consumption is just 2 grams per person per day against 40 grams in China. Processing and policy support could put the crop on a sustainable path. Finally, in today's book review, Sanjeev Ahluwalia explores why inequality coexists with surprising stability in India. Drawing on his family's history as Kerala gold money lenders, the book argues that social distance, cultural compacts, and restrained displays of wealth maintain legitimacy. Urban chaos, he suggests, may itself act as a leveller. While some claims feel overstated, the work is witty and insightful, offering fresh reflections on why India continues as both India and Bharat. Stay tuned!
New Indian Express
4 days ago
- Business
- New Indian Express
From good governance to great aspirations: Modi's Independence Day leap
Eleven years into power, Prime Minister Narendra Modi is no longer just the steward of a reformist government — he is positioning himself as the architect of a developed Bharat. His 12th Independence Day address from the Red Fort was not a routine recital of achievements; it was a roadmap for the next quarter-century, anchored in the belief that India can and must aim higher. Modi is tapping into the nation's collective yearning to be more than a 'fast-growing economy' — setting bold markers for a fully developed country by 2047, with a $10 trillion economy as the headline target. For voters accustomed to stability and growth, he offered a direct answer to the question: what next? This year's 103-minute address — the longest in India's history — turned the Red Fort into a launchpad for Bharat's next leap. The announcements cut across military strength, economic reform, technological ambition, and youth empowerment, signalling that the next stage will be about creating change, not just managing it. He began with a salute to Operation Sindoor, hailing the armed forces' decisive strikes as proof of India's military resolve and sending a blunt warning to adversaries. National security was placed front and centre again with the launch of Mission Sudarshan Chakra, an indigenous Iron Dome-style missile defence system. On the economic front, he called for Aatmanirbhar Bharat amid global tariff wars, particularly with U.S. tariffs touching 50%, urging support for domestic industries from semiconductors to electric vehicles. He promised a Diwali gift in the form of next-generation GST reforms to ease burdens for businesses, MSMEs, and consumers. Modi's technology push included a breakthrough pledge: India's first Made in India semiconductor chip will roll out by year-end — a goal that eluded the country for decades. He challenged scientists and youth to build indigenous jet engines, mirroring past successes in vaccines and digital payments. In energy, he announced a tenfold expansion in nuclear power by 2047 with ten reactors already in the pipeline, alongside aggressive growth in solar, hydrogen, and hydro power. The National Deepwater Exploration Mission will cut reliance on imported fuels by tapping ocean resources. Jobs and youth opportunity were central. The `1 lakh crore PM Viksit Bharat Rozgar Yojana will give three crore newly employed youth `15,000 per month in their first private-sector jobs. A High-Powered Demography Mission will address the risks of demographic imbalance caused by illegal migration, protecting unity and citizens' rights.
