Prime Minister Narendra Modi praised the recent trade agreement with the EU, dubbing it the ‘Mother of all Deals’ during his address in the Rajya Sabha. He highlighted the Bofors gun kickback scandal from the Congress era as an example of past corrupt practices where personal gain took precedence over public welfare. PM Modi criticized previous governments for neglecting the well-being of citizens in favor of self-enrichment.
The Bofors scandal, a significant political controversy involving India and Sweden in the 1980s and 1990s, was brought up by PM Modi to underscore the lack of vision and intent for trade pacts in previous administrations. He accused the Congress of prioritizing vote bank politics over forging trade partnerships with developed countries. PM Modi credited the recent India-EU trade deal to the government’s commitment to replacing adhoc policies with forward-looking strategies.
Reflecting on his governance philosophy of Reform, Perform, and Transform, PM Modi highlighted the nation’s progress in attracting foreign investments and partnerships. He emphasized India’s emergence as a role model for developing nations and stressed the importance of policy reforms in driving economic growth. PM Modi also addressed issues like illegal immigration and corruption, calling out specific parties for their alleged involvement in such activities.
The Prime Minister further discussed the government’s efforts to reform the banking sector, reduce non-performing assets, and enhance transparency in financial operations. He underscored the shift from outdated practices like ‘tele-banking’ and emphasized the need for accountable and efficient governance in all sectors.
