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The Print
2 days ago
- Business
- The Print
Profits earned through ethical means create wealth for nation: FM
Pandit Upadhyaya was one of the founding members of Jan Sangh from which the Bharatiya Janata Party (BJP) emerged in April 1980. 'Wealth creation in India has never been a taboo in India. We promoted wealth creation. We would want wealth creation. That is why entrepreneurs in India, under Prime Minister Modi, we refer them as wealth creators. They are not thieves,' she said while addressing the National Commemorative Seminar on 60 years of Pandit Deendayal Upadhyaya Integral Humanism Lectures. New Delhi, May 31 (PTI) Finance Minister Nirmala Sitharaman on Saturday said the government led by Narendra Modi refers entrepreneurs as wealth creators as the profit earned by them through ethical ways help drive development goals. 'We would like to have profit created by genuine ethical practices, and that is what is going to create wealth for the nation. And once you have wealth, you give dignity of labor, you provide for education, you provide for skilling, and you lift the tempo and the spirit of the nation,' she said. Recalling Deendayal Upadhyaya's idea for India, Sitharaman said that while planning, we must keep in mind the person at the very bottom of the system so that he can be uplifted keeping his dignity intact. 'Whether it was former Prime Minister Atal Bihari Vajpayee ji or whether it is the leadership of Prime Minister Narendra Modi ji, every government policy under these two eminent leaders has been very reflective of Integral Humanism,' she said. 'Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayaas' is exactly what you do when you believe in Antyodaya theory propagated by Upadhyaya, she said. 'If you lift everyone out of poverty, give them employment, give them a certain standard of living and give them access to fundamental basic necessities, as a result, they are above where they were before, and they have greater access to the country's productive capacities. Then, the country's production levels also increase,' she said. Providing for national defence was one of the main priorities for a nation as per Upadhyay, she said, adding since 2014, Prime Minister Modi has been emphasising on Aatmanirbharta in defence production. 'That's what we have done and it's the reason Operation Sindoor was carried out. It was completely opposite to a government which said that it didn't have the money to spend for defence procurement,' she said. PTI DP DRR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
3 days ago
- Business
- Time of India
Govt Favours Wealth Creation; Profit Not a Bad Word, says FM
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Finance minister Nirmala Sitharaman Saturday said the Modi government promotes wealth creation and encourages entrepreneurs to earn profits through ethical practices without inhibitions. This is in stark contrast to the stance adopted by the votaries of socialism or communism, who looked down upon wealth creation in earlier decades, she said, indicating that resources can be distributed only when they are was addressing the National Commemorative Seminar on 60 Years of Pandit Deendayal Upadhyaya's Integral Humanism Lectures.'Profit was a bad word (for socialists and communists), whereas that's not what we believe in. We would like to have profit created by genuine ethical practices, and that is what is going to create wealth for the nation,' she creation has never been considered a taboo in the long Indian tradition, the finance minister said, emphasising that 'wealth creators are not thieves'.Sitharaman said every government policy under former PM Atal Bihari Vajpayee and PM Modi has been very reflective of this 'integral humanism'.Upadhyaya, leader of the Bharatiya Jana Sangh, the forerunner of the Bharatiya Janata Party, was a proponent of the philosophy of integral humanism.'Pandit Deendayal Upadhyaya wanted that while planning, we must keep in mind the person at the very bottom of the system so that he can be uplifted keeping his dignity intact,' she also cited Upadhyaya's insistence on focusing on seven 'M's while making policies for employment generation with a view to building 'Bharatiya technology'— man, money, material, management, motive, market and finance minister also sought to distinguish between the economic model followed by former prime minister Jawaharlal Nehru in the immediate aftermath of independence and the vision of capital-intensive growth model was influenced by that of the USSR, Sitharaman said, but Upadhyaya—conscious of the fact that the Indian economy had been shaped for centuries by small and medium businesses and that 'we are a labour-intensive country'—believed it was a flawed model. So, he was in favour of an economic framework that would give due emphasis on labour-intensive industries, she said AI is set to improve productivity. The minister pointed out that AI poses some challenges in terms of training people, among others, but it also brings a lot of opportunities with it which need to be said young people inclined towards AI are being trained in it through various initiatives, she said. 'The government has announced four centres of excellence for AI in the fields of education, agriculture, health and cities of the future.'poses some challenges in terms of training people etc but it also brings a lot of opportunities. Alot of young people are being trained in AI through various govt initiativesFinance minister .
Economic Times
3 days ago
- Business
- Economic Times
Govt favours wealth creation; profit not a bad word, says FM Nirmala Sitharaman
NEW DELHI: Finance minister Nirmala Sitharaman Saturday said the Modi government promotes wealth creation and encou-rages entrepreneurs to earn profits through ethical practices without inhibitions. This is in stark contrast to the stance adopted by the votaries of socialism or com-munism, who looked down upon wealth creation in earlier deca-des, she said, indicating that resources can be distributed only when they are generated. Sitharaman was addressing the National Commemorative Seminar on 60 Years of Pandit Deendayal Upadhyaya's Integral Humanism Lectures. "Profit was a bad word (for socialists and communists), whereas that's not what we believe in. We would like to have profit created by genuine ethical practices, and that is what is going to create wealth for the nation," she said. Wealth creation has never been considered a taboo in the long Indian tradition, the finance minister said, emphasising that "wealth creators are not thieves". INTEGRAL HUMANISM Sitharaman said every govern-ment policy under former PM Atal Bihari Vajpayee and PM Modi has been very reflective of this "integral humanism". Upadhyaya, leader of the Bharatiya Jana Sangh, the forerunner of the Bharatiya Janata Party, was a proponent of the philosophy of integral humanism. "Pandit Deendayal Upadhyaya wanted that while planning, we must keep in mind the person at the very bottom of the system so that he can be uplifted keeping his dignity intact," she said. She also cited Upadhyaya's in-sistence on focusing on seven 'M's while making policies for employment generation with a view to building "Bharatiya technology" man, money, ma-terial, management, motive, market and machine. Emphasis on Labour-intensive Industries The finance minister also sought to distinguish between the economic model followed by former prime minister Jawaharlal Nehru in the immediate aftermath of independence and the vision of Upadhyaya. Nehru's capital-intensive growth model was influenced by that of the USSR, Sitharaman said, but Upadhyaya—conscious of the fact that the Indian economy had been shaped for centuries by small and medium businesses and that 'we are a labour-intensive country' believed it was a flawed model. So, he was in favour of an economic framework that would give due emphasis on labour-intensive industries, she said. AI TO BOOST PRODUCTIVITY Sitharaman said AI is set to improve productivity. The minister pointed out that AI poses some challenges in terms of training people, among others, but it also brings a lot of opportunities with it which need to be tapped. She said young people inclined towards AI are being trained in it through various initiatives, she said. 'The government has announced four centres of excellence for AI in the fields of education, agriculture, health and cities of the future.'
Time of India
3 days ago
- Business
- Time of India
Govt favours wealth creation; profit not a bad word, says FM Nirmala Sitharaman
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel NEW DELHI: Finance minister Nirmala Sitharaman Saturday said the Modi government promotes wealth creation and encou-rages entrepreneurs to earn profits through ethical practices without is in stark contrast to the stance adopted by the votaries of socialism or com-munism, who looked down upon wealth creation in earlier deca-des, she said, indicating that resources can be distributed only when they are generated. Sitharaman was addressing the National Commemorative Seminar on 60 Years of Pandit Deendayal Upadhyaya's Integral Humanism Lectures."Profit was a bad word (for socialists and communists), whereas that's not what we believe in. We would like to have profit created by genuine ethical practices, and that is what is going to create wealth for the nation," she creation has never been considered a taboo in the long Indian tradition, the finance minister said, emphasising that "wealth creators are not thieves".Sitharaman said every govern-ment policy under former PM Atal Bihari Vajpayee and PM Modi has been very reflective of this "integral humanism". Upadhyaya, leader of the Bharatiya Jana Sangh, the forerunner of the Bharatiya Janata Party, was a proponent of the philosophy of integral humanism."Pandit Deendayal Upadhyaya wanted that while planning, we must keep in mind the person at the very bottom of the system so that he can be uplifted keeping his dignity intact," she said. She also cited Upadhyaya's in-sistence on focusing on seven 'M's while making policies for employment generation with a view to building " Bharatiya technology " man, money, ma-terial, management, motive, market and finance minister also sought to distinguish between the economic model followed by former prime minister Jawaharlal Nehru in the immediate aftermath of independence and the vision of capital-intensive growth model was influenced by that of the USSR, Sitharaman said, but Upadhyaya—conscious of the fact that the Indian economy had been shaped for centuries by small and medium businesses and that 'we are a labour-intensive country' believed it was a flawed model. So, he was in favour of an economic framework that would give due emphasis on labour-intensive industries, she said AI is set to improve minister pointed out that AI poses some challenges in terms of training people, among others, but it also brings a lot of opportunities with it which need to be tapped. She said young people inclined towards AI are being trained in it through various initiatives, she said. 'The government has announced four centres of excellence for AI in the fields of education, agriculture, health and cities of the future.'
Time of India
3 days ago
- Business
- Time of India
'Refer to entrepreneurs in India as wealth creators': FM Nirmala Sitharman
Nirmala Sitharman NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday said that the government recognises entrepreneurs as wealth creators whose ethically earned profits contribute to developmental objectives. 'Wealth creation in India has never been a taboo in India. We promoted wealth creation. We would want wealth creation. That is why entrepreneurs in India, under Prime Minister Modi, we refer them as wealth creators. They are not thieves,' she said at the National Commemorative Seminar marking 60 years of Pandit Deendayal Upadhyaya's Integral Humanism Lectures. Pandit Upadhyaya, a key figure in founding the Bharatiya Jana Sangh, played a significant role in the formation of the Bharatiya Janata Party (BJP) in April 1980. Sitharaman said ethical profit-making leads to national wealth creation, which in turn supports dignified labour, education, skill development, and overall national progress. Highlighting Upadhyaya's philosophy, she said planning must focus on uplifting those at the bottom of the socio-economic ladder while preserving their dignity. She added that the principles of Integral Humanism have been reflected in policies under both former Prime Minister Atal Bihari Vajpayee and current Prime Minister Narendra Modi. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Где два мира сливаются воедино SAUDI Забронировать Undo ''Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayaas' aligns with Upadhyaya's Antyodaya theory,' Sitharaman stated. She further explained that efforts to alleviate poverty, provide employment, and ensure basic necessities help unlock people's productive potential, thereby enhancing the nation's overall production. Sitharaman also noted that national defence was a priority for Upadhyaya. Since 2014, she said, Prime Minister Modi has prioritised Aatmanirbharta (self-reliance) in defence manufacturing. She referred to Operation Sindoor as an example of this shift, contrasting it with previous governments that, she said, often cited a lack of funds as a reason for limited defence procurement. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
