Prime Minister Narendra Modi is on a day long visit to Maharashtra, where he is scheduled to lay foundation stone for the grand memorial of Maratha warrior king Chhatrapati Shivaji Maharaj and the metro rail projects in Mumbai and Pune.
During first stop in his trip, PM Modi inaugurated the newly-built campus of the National Institute of Securities Management in Raigad.
Here are the live updates:
PM Narendra Modi at the inauguration ceremony of new campus of National Institute of Securities Markets in Panvel (Mumbai)
#1:18pm: My aim is to make India a developed country in one generation: PM Modi
#1:18pm: Those who profit from financial markets must make a fair contribution to nation-building through taxes: PM
#1:17pm: SEBI should work for closer linkage between spot markets like e-NAM and derivatives markets to benefit farmers: PM
#1:15pm: The true measure of success is the impact in villages, not the impact in Dalal Street or Lutyens’ Delhi: PM
#1:14pm: Stock markets need to raise capital in innovative ways for projects in agriculture: PM
#1:14pm: We have a long way to go, our stock markets needs to raise capital in innovative ways for agricultural sector: PM Modi
#1:13pm: Our markets should show that they are able to successfully raise capital for projects benefiting the majority: PM
#1:10pm: India has earned a good name for its well regulated securities markets: PM Narendra Modi
#1:09pm:We need to focus on skill development and start-ups and for that we need robust financial markets: PM Modi
#1:08pm: For financial markets to function successfully, participants need to be well informed: PM Narendra Modi in Raigad
#1:08pm: Govt will continue with sound economic policies to ensure India's bright future in long run;no decisions for short term political gains: PM
#1:07pm: We have made progress and improved ease of doing business. FDI has now reached record levels: PM Modi
#1:06pm: 'Demonetisation is short-term pain with long-term gain': PM Modi
#1:05pm: Constitutional amendments on GST that remained pending for years has been passed and the long awaited GST will soon be a reality: PM Modi
#1:02pm: India is been seen as bright spot. To see how far we've travelled we shld look back to 2012-13 when the currency was falling sharply-PM Modi
Maharashtra: PM Modi inaugurates the new campus of National Institute of Securities Markets (NISM) in Raigad pic.twitter.com/eq38bz1440— ANI (@ANI_news) December 24, 2016
#12:55pm: A lot of informal savings have become formal now, lot of money have come into the banking system post demonetisation: FM Arun Jaitley (Also present at Inauguration of new campus of National Institute of Securities Markets)
Maharashtra: PM Narendra Modi arrives in Raigad, to inaugurate new campus of National Institute of Securities Markets in Panvel, shortly pic.twitter.com/t0CUkpM1ac— ANI (@ANI_news) December 24, 2016
#11:45am: PM Narendra Modi arrives in Mumbai
Complete schedule of PM Modi:
1200 hrs: Inauguration of new campus of National Institute of Securities Markets at Patalganga, Panvel
1430 hrs: Kalash Arpan Ceremony at Girgaum Chowpatty
1500 hrs: Bhoomipujan of Chhatrapati Shivaji Maharaj Smarak
1550 hrs: Laying of Foundation Stone for two metro corridors and other projects, Bandra Kurla Complex
1835 hrs: Laying of Foundation Stone of Pune Metro Project (Phase 1)PM will return to Delhi thereafter.
The Prime Minister’s visit assumes political significance as the high-stake elections to Brihanmumbai Municipal Corporation (BMC) are just a few months away.
The main feature of the Shivaji memorial, slated to cost Rs 3,600 crore, will be a 192-metre-tall statue of the iconic Maratha king. The site is a rocky outcrop, roughly 1.5 km from the Raj Bhavan shore.