THURSDAY 12 JANUARY 2023 Pages 12 |` 5.00|LC www.thestatesman.com KOLKATA | NEW DELHI | SILIGURI | BHUBANESWAR ‘MP AN IDEAL INVESTMENT DESTINATION’ DAY OF ACTION? P6 WEATHER PARTLY CLOUDY SKY. MODERATE FOG IN THE MORNING.POSSIBILITY OF VERY LIGHT RAIN/DRIZZLE. BIDEN ‘SURPRISED’ GOVT RECORDS FOUND AT OLD OFFICE P10 P8 India preferred destination for global investors : Modi RAINFALL: Nil RELATIVE HUMIDITY PM addresses the MP Global Investors’ Summit in Indore via video message Max. 91 % STATESMAN NEWS SERVICE TEMPERATURE Max: 20.2°C (0) SUN RISES 07:15 hrs MOON RISES 22:29 hrs Min. 62 % Min: 5.9°C (-1) SUN SETS 17:44 hrs MOON SETS 11:06 hrs THUMBNAILS An area covered with fresh snowfall, in LahaulSpiti on Wednesday.ANI JCO among three Army soldiers killed in snow mishap : A junior commissioned officer (JCO) of the Army was among three soldiers who were killed on Wednesday when they slipped into a deep gorge in the Machhal Sector of north Kashmir's Kupwara district.Two of these killed soldiers were from Himachal Pradesh and one from Jammu. They have been identified as Naib Subedar Parshotam Kumar, Havaldar Amrik Singh and Sepoy Amit Sharma. The mortal remains of the three bravehearts will be taken for last rites to their respective native places where they would be laid to rest with full military honours, said the spokesman. NEW DELHI, 11 JANUARY oting that India was receiving a record-breaking FDI, Prime Minister Narendra Modi today declared that a strong democracy, young demography and political stability in the country have resulted in international financial institutions and global investors showing strong optimism towards the country. A stable and decisive government running with the right intentions has brought about development at an unprecedented pace, he remarked as he threw light on the last eight years during which, he claimed, the speed and scale of reforms have increased continuously. He highlighted India’s decisions that boost ease of living and ease of doing business and said “institutions and credible voices that track the global economy have unprecedented confidence in India.” The PM was addressing the Global Investors’ N The path of ‘Reform, Transform and Perform’ has been undertaken by India since 2014 A stable government, a decisive government, a government running with the right intentions, shows development at an unprecedented pace Summit in Indore via video message. The summit will showcase the diverse investment opportunities in Madhya Pradesh. Giving examples of the trust shown in India by global organisations, he noted that the IMF saw India as a bright spot in the global economy while the World Bank believed India was in a better position to deal with global headwinds than many other countries. He also referred to a survey conducted by a prestigious international bank which found that a majority of the investors preferred India as their investment destination. The PM also spoke about India's strong macroeconomic fundamentals and mentioned in this regard the Organisation for Economic Co-operation and Development (OECD) which claimed that India would be among the fastestgrowing economies in the G-20 group this year. Quoting Morgan Stanley, he said India was moving towards becoming the world's third-largest economy in the next 45 years. He further added that the CEO of McKinsey has declared that not just the present decade but the century itself belonged to India. Emphasising India’s reliance on the strength of its private sector, Modi informed that many strategic sectors like defence, mining and space have opened up for private players. He further added that dozens of labour laws have been incorporated into four codes which was a major step in itself. He also spoke about the “unprecedented efforts” that were under way at both the central and the state levels to reduce the burden of compliance and informed that about 40,000 compliances have been removed in the last few years. Highlighting the modern and multimodal infrastructural development in the nation that give rise to investment possibilities, the PM said the speed of construction of national highways has doubled in the last eight years along with the number of operational airports in the country. He also touched upon the unprecedented improvement in the handling capacity and turnaround time of India's ports. “Dedicated freight corridors, industrial corridors, expressways, logistic parks...these are becoming the identity of New India,”he added. Modi invites Israeli PM to visit India: PM Modi has invited Israel's Prime Minister Benjamin Netanyahu to visit India at an early date during a telephonic conversation on Wednesday, according to a press release by the Prime Minister's Office. The PM also congratulated Netanyahu for his appointment as the PM of Israel for a sixth time, and wished him a very successful tenure, as per the press release. ‘OUR DISCIPLINE IN FIRST TEN OVERS WAS LACKING’ P12 Judiciary cannot legislate, Legislature cannot script a judicial verdict :Dhankhar STATESMAN NEWS SERVICE JAIPUR, 11 JANUARY At the 83rd conference of All India Presiding Officers being held in Jaipur, Vice President Jagdeep Dhankhar, Lok Sabha Speaker Om Birla and Rajasthan chief minister Ashok Gehlot discussed the challenges of judicial interference in legislative proceedings. They also called for decorum amongst the MPs and MLAs while running the House. The Vice President expressed his displeasure over the cancellation of the law by the Supreme Court which was passed by Parliament. Dhankhar said that in 1973 a very wrong tradition started.“It was in 1973, in the Kesavananda Bharati case, that the Supreme Court evolved for the first time the right of the courts to strike down constitutional amendments that vio- lated what it called the 'Basic Structure', or the fundamental architecture of the Constitution. The power of the Parliament to amend the constitution and deal with legislation is not subject to any other authority. This is the lifeline of a democracy. I am sure this will engage your thoughtful consideration," he said. “I want to say with respect to the court that I do not agree with this, the House can make changes. This House should tell whether it can be done,” he stated. Dhankhar said, “When I took charge as the Chairman of the Rajya Sabha, I had said that neither the executive can see the law, nor the court can interfere. If any institution invalidates the law made by Parliament on any ground, then it will not be good for democracy. It would be difficult to say that we are a democratic country.”