Economy back on track within 100 days of Modi govt, says Railway Minister

 Railway Minister D V Sadananda Gowda on Saturday said the Narendra Modi-led BJP government had, within 100 days in office, brought the economy back on track, which is reflected in the increase in the GDP growth rate.

Briefing the media at the inauguration of the new building of the Institute of Company Secretaries in India (ICSI) here, Gowda said the GDP had grown within a short span of 100 days - 5.7 per cent - in the first quarter, which in itself showed that the financial and the economic conditions were on track. He said that now the people of the country and the media should evaluate the government’s performance.

On son issue

On a query pertaining to the alleged controversy involving his son Karthik Gowda, the minister said the law would take its own course and investigations were on in this matter. He also said that the law was same for everybody and refused to comment further.

Earlier, while inaugurating the new building, the minister said that the building should become a landmark for learning and corporate governance, not only in Bangalore but also in the entire Country.

He assured full support from the government for the Institute, whenever required. He urged Company Secretaries to be the ‘legal and moral compass’ of not only corporates but also the society and the nation as a whole.

Padma Vibhushan M N Venkatachaliah, Former Chief Justice of India, was the Guest of Honour, at the occasion. C S Gopalakrishna Hegde, Central Council Member, ICSI welcomed the gathering and introduced the chief guest and the guest of honour.

M N Venkatachaliah in his address said that he was honoured to be a witness at the inauguration of the new building of the Bangalore Chapter of ICSI.

Congratulating the members on this achievement, he said that in this technology driven environment, it was necessary for corporate administrators and managers like Company Secretaries to keep pace with the development and ‘grow up in hurry’ for a better future.