LIC AAO 2016: English Test – Day 6

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

1.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

2.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

3.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

4.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

5.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

6.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

7.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

8.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

9.

Speaking at The Economic Times’ Global Business Summit, Prime Minister Narendra Modi..(1)..two significant points. He felt improved governance is as..(2)..as economic reform and his overarching aim is “reform to transform”. Any tool which..(3)..governance will change society for the better. The good news is that improvements in communications technology have put such tools at our disposal. This offers exciting possibilities and the government must..(4)..their potential.
About Rs 6.3 trillion, or 4.2% of GDP, is spent..(5)..on subsidies by different layers of government. Reforms in the way subsidies are delivered can have two transformational..(6)..One, the subsidy can be delivered directly to the intended beneficiary, making it a fairer system. Two, quantum of money spent on subsidies can be..(7)..reduced by eliminating transaction costs. For instance, Modi pointed out that some states reduced pension payouts by 12% simply by eliminating..(8)..accounts. A lot more can be achieved in this direction by combining the potential offered by Aadhaar and universalisation of bank accounts with..(9)..of mobile phones. In this context, the roll out by National Payments Corporation of India’s unified payment..(10)..in April would make money transfer as simple as a text message.

10.