WEF 2018 Day 1 highlights: Spoken like a statesman, say Fadnavis, Prabhu on Modi's speech; Rahul Gandhi attacks PM on inequality

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WEF 2018 Day 1 highlights: Spoken like a statesman, say Fadnavis, Prabhu on Modi's speech; Rahul Gandhi attacks PM on inequality
  • 20:31 (IST)

    Elsewhere in Davos, panelists take an unflinching look at how to fight abuses of power and sexual harassment

    Maryam Monsef, Minister of Status of Women in Canada, emphasised three base support system for women who face sexual harassment. First is an active redressal and support system to aide the woman. Second comes a rigorous support system to help the family cope with the trauma, and third is a strong and responsive legal support system that gives them justice. 

  • 20:31 (IST)

    Watch: Shah Rukh Khan speak about women empowerment in India

  • 20:10 (IST)

    We are in a world where so many are categorized and Davos shows us that we need to connect with people in order to heal the fractures in the world: Shah Rukh Khan

  • 20:03 (IST)

    Shah Rukh Khan reveals how he came to work with acid attack victims

    Khan said he frequently visits a hospital for his shoulder injury and he met two kids from Kashmir who had lost their family in a abomb attack and had suffered 60-70 percent burn injuries. He said their story, and because the children were the same age as his kids, inspired him to read more about the issue and he found out that officially their were 400 women who suffered acid attacks and survived after grave burn injuries. 

  • 19:57 (IST)

    Crystal award was a result of other people's bravery and work: Shah Rukh Khan

    Elaborating further on his thoughts on recieveing the award, Khan said that by working with acid attack victims, he found out that we are as a society only too eager to give definitions, and branch new descriptions of these people. However, he said he realised over time that these women didn't need such things." They were quite brave on their own. What they needed was our presence, acceptance and perhaps a show of solidarity," Khan said. 

    He said he is not being modest but quite frankly this particular award was the result of other people's bravery and strength and he had only offered them his present and his solidarity. 

  • 19:47 (IST)

    I love awards, movie stars are meant to be narcissist: Shah Rukh Khan 

    Responding to a question about what it meant to be a recipient of Crystal Award, Khan said, "I would be very honest about it, I love awards. You know movie stars are supposed to be narcissists, they are supposed to be self-obsessed, and I am as a matter of fact, quite greedy for them."

  • 19:37 (IST)

    Shah Rukh Khan speaks about women empowerment in India at Davos

  • 19:32 (IST)

    Congress hopes, back at home, PM will follow through with actions, his words in Davos

  • 19:13 (IST)

    Telangana CM Chandrababu Naidu lauds Modi's speech

    "Prime Minister Narendra Modi gave a very good message to global community especially on geopolitics, terrorism and environmental issues," Naidu said. 

  • 19:06 (IST)

    Developing world is shouldering the burden of refugees and displaced people: Cate Blanchett at WEF

    Cate Blanchett, an Australian actor and a UNHCR Global Goodwill Ambassador, said that it is often believed that the developing world is faced with the burden of imbibing the people displaced due to war and conflict but that is a myth. She said that only 1 percent of the people displaced have settled in developed countries. 

  • 18:56 (IST)

    Modi met Canadian Prime Minister Justin Trudeau

    Trudeau will visit India from February 17-23 with an aim to further strengthen bilateral ties. This will be his second time in India. Modi and Trudeau had last met on the sidelines of the G20 in Hamburg in Germany in July 2017, where they discussed longstanding relationship based on shared culture of democracy. Trudeau is expected to visit with his family and a business delegation. 

  • 18:48 (IST)

    Meanwhile... tongue firmly in cheek, here's today's toon on Modi's plenary speech at Davos

  • 18:39 (IST)

    Narendra Modi with Indian CEOs at World Economic Forum

  • 18:38 (IST)

    Modi met 64 global CEOs in Davos

    Department of Industrial Policy & Promotion’s secretary Ramesh Abhishek says that Prime Minister Narendra Modi interacted with 64 CEOs from around the world, 40 of them from other countries and 24 from India. The total market capitalisation of these companies is $3.6 trillion. It was an important interaction. 

  • 18:31 (IST)

    PM Modi meets Queen Maxima of Netherlands in Davos

  • 18:30 (IST)

    Watch: PM Modi's entire speech at the opening session of World Economic Forum

  • 18:24 (IST)

    At Davos, Narendra Modi raises threat from terrorism, climate change; world media says Xi Jinping had better speechwriters

  • 18:13 (IST)

    Study at WEF lists most socially inclusive countries, India fails to figure on list

  • 17:57 (IST)

    Canada tops list of countries with most positive influence on the world; India figueres at no. 7 

  • 17:50 (IST)

     Union Minister Dr Jitendra Singh says Narendra Modi lived up to expectations of the world community, ANI reports

  • 17:46 (IST)

    WEF Centre for Fourth Industrial Revolution proposed in Mumbai: Maharashtra CM Devendra Fadnavis

    The next World Economic Forum (WEF) Centre for Fourth Industrial Revolution is being proposed to be set up in Mumbai, Maharashtra Chief Minister Devendra Fadnavis said on Tuesday. Fadnavis made the announcement from Davos.

    Read more here

  • 17:43 (IST)

    Andhra Pradesh chief minister Chandrababu Naidu says Modi spoke of important geopolitical and environmental issues at Davos

  • 17:41 (IST)

    Watch the full speech Prime Minister Narendra Modi gave at the World Economic Forum Plenary Session in Davos here: 

  • 17:36 (IST)

    "It wasn't the speech of a political leader but that of a statesman, a global leader," Devendra Fadnavis said to ANI about Narendra Modi's speech in Davos

  • 17:33 (IST)

    West must share benefits of growth with emerging world, says Raghuram Rajan

    Former RBI Governor Raghuram Rajan on Tuesday said the Western world must realise they cannot go a long way without the help of the emerging economies and warned that no one would be able to resolve any problem of a 'fractured world' if things are not set right soon.

    Without naming any country, he said the West must realise that their population is ageing and the demand for their products would mostly come from the emerging world.

    Speaking in Davos at a session of the World Economic Forum Annual Meeting, Rajan said there is a risk that by the time the West goes to the emerging world for their support, they may have to answer quite a few questions about why they did not share the benefits earlier.

    Read more here

  • 17:29 (IST)

    "Prime minister has a vision of creating a new India by 2022," Commerce minister Suresh Prabhu says at Davos 

  • 17:28 (IST)

    Manish Tewari‏ reacts to Narendra Modi's speech at Davos 

    Congress leader Manish Tewari‏'s tweet refers to Modi's statement in the speech that, "Last time when an Indian PM came here in 1997, India's GDP was around $400 billion, now it has increased more than six times." 

  • 17:25 (IST)

    India should focus on women's inclusion in economy, says IMF chief Christine Lagarde

    IMF chief Christine Lagarde on Tuesday said India must continue with reforms especially in the financial services sector and should urgently focus on broad-based and true inclusion of women in its economy.

    Addressing a press conference here as part of the all-women co-chairs of the World Economic Forum (WEF) annual meet, Lagarde said IMF research has shown that raising women's participation in the workforce to the level of men can boost Indian economy by 27 percent.

    Read more here

  • 17:18 (IST)

    PM Narendra Modi met his Canadian counterpart Justin Trudeau in Davos 

  • 17:15 (IST)

    Rahul Gandhi hits at Modi right after WEF speech, says Dear PM please tell Davos why 1% Inidans hold wealth of 73% India

  • 17:12 (IST)

    A predictable, stable, transparent and progressive India good news in an otherwise state of uncertainty and flux: Narendra Modi

  • 17:03 (IST)

    Sunil Bharti Mittal says PM addressing WEF matter of great pride

    "It was a matter of great pride that our prime minister addressed the WEF like a very tall leader," Mittal told India Today. He said that in is opinion, Modi's speech surpassed China's President Xi Jinping's speech last year. He also added that like the prime minister said, in a fractured world, India can act like a cement to bridge gap. 

  • 16:56 (IST)

    In a fractured world, we need to ensure the major powers co-operate, and that competitiveness among nations does not become a wall between us: Narendra Modi

  • 16:52 (IST)

    India believes in a multi-polar world: Narendra Modi

    "India stood up for world peace after the two world wars, despite the fact that it did not have any direct stakes in the war. India has sent the most number of UN peacekeeping forces. This is because we have always been willing to help other nations. We believe in a multi-polar world where everyone grows together," Modi said.

  • 16:46 (IST)

    Despite being a developing nation, India is cooperating in capacity building in other nations

    "India has never had any political or economic ambitions. Despite being a developing nation ourselves, we have helped in capacity building in other nations. We do not exploit other nations' natural resources or infrastructure, but we try to help them in capacity building according to their needs. This has been our policy," Modi said. 

  • 16:43 (IST)

    Terrorism is dangerous but what is equally dangerous is artificial distinction made between good and bad terrorist: Narendra Modi

  • 16:42 (IST)

    Narendra Modi lauds GST, says India using technology to boost transparency

  • 16:40 (IST)

    Narendra Modi says people welcome my policies, repeated polls prove that

  • 16:39 (IST)

    India has seen tremendous change in last three years: Modi

    "India has seen a tremendous change in past three years. Be it the people's decision to give up subsidy to the massive economic reforms," Modi said. He said he has vowed to cut down red tapism and law down a red carpet for global businesses and investors, as he said his government has done away with over 1400 archaic laws. 

  • 16:37 (IST)

    My govt's motto is 'sabka sath sabka vikas', says Narendra Modi

  • 16:35 (IST)

    Globalisation's sheen is fading: Narendra Modi

  • 16:33 (IST)

    Forces of protectionism growing strong: Modi

    "Protectionist forces are growing stronger as we are becoming increasingly focusing on ourselves," Modi said. Quoting Mahatma Gandhi's philosophy, Modi said, "We welcome the breeze of new cultures in our land, but if the same breeze tries to uproot us, we will resist," Modi said. 

  • 16:28 (IST)

    All nations are becoming self-centred': Narendra Modi

    Even though everyone talks of a more globally connected world, we must admit that the sheen of globalization is fading, Modi said. He said that there has been a visible dip in bilateral agreements, and initiatives for cross-border investment. Cross-border trades are not growing at the pace they should. All nations have become increasingly self-centred," Modi said. 

  • 16:23 (IST)

    Narendra Modi highlights challenges of climate change

    Highlighting the challenges posed by climate change and increasingly extreme weather conditions, Modi said that the increasing erraticism in weather is a threat to the entire mankind. Despite this are we really leaving behind our differences and coming forward to help each other battle this challenge? We must think that whether our greed for development has taken us forward or has it caused our destruction," Modi added. He said he hoped the developed nations will come forward and share technologies for combating this challenge. 

  • 16:14 (IST)

    One thread connects us all in world, says Modi as he urges for world unity

    Invoking the concept of "Vasudhaiv Kutumbakam (World is one family)", Modi said that we are all linked by a single thread. However he said that our differences and disagreements have made our collective struggle against problems of mankind much more difficult. He said there is a vast espanse of challenges that is threatening the mankind. He said we must remember that in the end, we are all connected by one thread and are bound like a family. 

  • 16:12 (IST)

    Technology can even create barriers and gaps: Modi

     “Technology has the ability to bend, break, link. Rapidly changing technology and increase in destructive forces have made earlier challenges even more challenging. What are the reasons for rivalry in the world today. We must work to overcome these differences and bridge these gaps," Modi said. 

  • 16:09 (IST)

    Future belongs to those who controls data: Modi

     “Technology has the ability to bend, break, link and a a very good example is in the use of social media. Today whoever controls data is being seen as the one who can control the future," Modi said.

  • 16:06 (IST)

    PM Modi compares India's standing from 1997, when an Indian PM last attended WEF

    "Thinking of the time when Sri HD Deve Gowda came here, it already feels like a memory from bygone era," Modi said. He said today after two decades our societies have changed greatly.

    "Then, our GDB was a little over $400 Billion, and nobody had heard of Harry Potter, Twitter, or Osama Bin Laden. Tweeting was the job of birds not human beings. Today we are not just a intricately networked society but are heading towards a technology driven transformtion," Modi said.

  • 16:01 (IST)

    Great pleasure to be at WEF: Narendra Modi

    "I am glad to be a part of the World Economic Forum, and I am grateful for the Swiss people for hosting me," Modi said. 

  • 15:58 (IST)

    PM Modi about to start his keynote address

Latest updates: Prime Minister Narendra Modi will deliver the opening keynote address at the World Economic Forum (WEF) at 3.45 pm IST on Tuesday. He will also interact with 120 members of the International Business Council on Tuesday, which is a part of the WEF.

The prime minister is likely to emphasise his government's vision of a 'New India' and position himself and the country as a democracy willing to engage with all corners in a friendly, multi-dimensional manner, according to The Economic Times.

Maharashtra chief minister Devendra Fadnavis told ANI that global CEOs applauded India's efforts to bring in a regime like GST. "GST and demonestisation were bold initiatives and people now feel economy is getting cleaner and predictable," he added.

The prime minister is accompanied by six Union ministers, including Finance Minister Arun Jaitley, Railway Minister Piyush Goyal, Commerce Minister Suresh Prabhu, Dharmendra Pradhan, MJ Akbar and Jitendra Singh.

Besides, Maharashtra chief minister Devendra Fadnavis and Andhra Pradesh chief minister Chandrababu Naidu, over 100 CEOs will also accompany Modi. This will take Indian delegation's total to 129 — the fourth highest after the US (780), the UK (266) and Switzerland (233 people). China will have 118 participants.

 WEF 2018 Day 1 highlights: Spoken like a statesman, say Fadnavis, Prabhu on Modis speech; Rahul Gandhi attacks PM on inequality

Prime Minister Narendra Modi with Switzerland President Alain Berset in Davos. AP

Ahead of the meeting, Modi, in a series of tweets with the hashtag #Indiameansbusiness, announced his agenda for the five-day global event.The World Economic Forum Annual Meeting 2018 is taking place in Davos-Klosters, Switzerland, under the theme 'Creating a Shared Future in a Fractured World'. Prime Minister Narendra Modi is at the summit. It is the first time since 1997 that an Indian prime minister is attending the Davos summit

According to WEF's 'Readiness for the future of production report', India, with total manufacturing value of $420 billion in 2016, is fifth largest manufacturer in the world with over 7 percent per year growth on average. The country's total manufacturing value accounts for 12-15 percent of the total global value. "Home to the second-largest population in the world and one of the fastest growing economies, the demand for Indian manufactured products is rising. India has room for improvement across the drivers of production, except for demand environment where is ranks in the top 5," the WEF said.

Superstar Shahrukh Khan has also been invited for the mega event to talk about 'women empowerment' and its significance for India.

(With PTI inputs)

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Updated Date: Jan 23, 2018 20:35:54 IST