BJP president Amit Shah says the government is focussed on all-round development.

8.10 pm: Two-digit growth will last over three decades, says Jhunjhunwala

"We are underestimating the kind of change that the government is going to bring. Our minds are not suited to that because we have not seen such large-scale changes made by a government. Everything is planned for the long-term. I believe the double digit will not only last for a decade but for three decades," said Rakesh Jhunjhunwala.

"I am of the opinion that India will be one of the biggest economies of the world," he said.

8.05 pm: Govt keen on free press, says Shah

"The government is for free press in a democracy. It is not for encroachment. The best example is the prime minister himself. Narendra Modi is one individual who has been heavily criticized by the media. Had the press been not free, it would not have been possible," Shah said.

7.55 pm: Shah now answers some political queries

"There is no talent crunch in the BJP. It is a party which has returned to power after 30 years and runs 12 state governments. don't consider any election to be easy. But I am sure the next government in Delhi will be that of the BJP," Shah said, when asked why politicians or knowen faces are brought in to the BJP for the Delhi Assembly polls. The reference was obviously ot the party's chief ministerial candidate Kiran Bedi.

He also gave his opinion on the formation of government in Jammu and Kashmir. "The people of Jammu and Kashmir gave an unique mandate. There is no possibility immediately of a re-election as some parties do not want it. It is true that an awkward math has come up after the results," Shah said.

7.50 pm: Shah on judiciary vs legislature

"If the government is proactive, there is no need for the judiciary to encroach upon the executive or legislative," Shah said.

7.45 pm: Amit Shah on restoring institutional credibility

"If people who are supposed to run the government implement the Constitution responsibly, there is no way that the prestige of the institutions would be harmed," said BJP president Amit Shah.

7.15 pm: Need more judges to clear backlogs, says Deepak Parekh

In his address, HDFC chairman Deepak Parekh believed that India is on a threshold of a new beginning particularly by adopting the digital path.

"Digital drive is a move towards online approvals making it quicker. All arms of the government are geared to make India an attractive investment decision," Parekh said.

However, the HDFC chairman was not very happy with the condition of corporate governance in India.

"On the aspect of corporate governance, India is a country of extremes. On one had there are very high principles, on the other hand there are worst cases. Bad corporate behaviour of a few results in a tough regulations for all," he said.

Parekh said that human nature cannot be changed.

"Core values have to be imbibed in the organisation," he said.

The HDFC chief also focussed on the need for judicial reforms.

"India needs to focus on huge backlogs of legal cases. We need judges to clear the backlog of cases," Parekh said, seeking the attention of the BJP chief to this aspect. "Police reforms are also needed very urgently in the country. Functional autonomy is a must for police," he said.

6.40 pm: BJP president addresses gathering at 10 years of CNBC Awaaz

Speaking at a function in Mumbai, celebrating 10 years of CNBC Awaaz, BJP chief Amit Shah believed that the NDA government has to start everything from the scratch to take the country forward again.

"After crossing a difficult phase, the country is now at the harbinger of a new beginning. People have great expectations from the new government. Last 10 years of UPA governance was full of corruption and there was a policy-making paralysis. This I am saying not as the head of the BJP but as a neutral observer. When we left power in 2004 we had 8.6 percent growth which the UPA heired. But in 2014, they gave us 4.6 percent only forcing us to start from the scratch," Shah said.

"Prime Minister Narendra Modi as the CM of Gujarat had proved that welfare state and industrialization are not against each other. We promise that we will bring the country back to a double digit growth," the BJP president said at the discussion ACT For Good Governance Summit.

"This government has a vision and political will to trigger growth. It has already given indications in the first seven months itself. There is no longer a dual power centre. We now have a decisive government at the helm," Shah said.

"Addresses from the rampart of the Red Fort on Independence Day are not mere formalities. Prime Minister Modi has a road map and has already achieved most of it. The Pradhan Mantri Jan Dhan Yojana is an example of that," the BJP president said.

""The whole world is ready to trade with India. No country can move forward with an army of unemployed youth and non-skilled workers. Hence the 'Make in India' initiative was started by the PM to give impetus to manufacturing and increase employment avenues. In fact, the government has already started a new department of skill development," he said.

"The government has an ambitious plan to generate more electricity and supply power to more than half the country for 24 hours. In the real estate and insurance, the government has taken decisive states after years of paralysis," Shah said.

The BJP boss believed that the Swacchh Bharat mission is not an alien concept to economy.

"Swacchh Bharat is directly related to health and tourism. It is a slogan for now. But in the coming years, lot of Plan allocation would be given to the cleanliness drive. It is very important that cleanliness should be way of life for both rural and urban India. The Ganga cleaning drive is also associated with the economy. We want to make Ganga a model river which states may follow for their rivers for environment and economy," he said.

"Often questions are raised if this government is pro-reform or anti-reform. We were steadfast at the WTO that our farmers should get the minimum support price for their products. Although there was stiff resistance at the beginning finally all nations supported us," Shah said. "This government is neither pro-reform or nor anti-reform but pro-solution," he said.

Talking about the ordinance route, the BJP president said," Yes we took ordinance route because we faced political resistance on key bills. Whatever the need be development won't stop. If needed we will go for joint session of Parliament to pass key laws. Hopefully those who are opposing these bills will support in coming sessions," Shah said.

Backing replacing Planning Commission with NITI Aayog, the BJP cheif said, "It would be wrong to say that Planning Commission made no contribution to the country. But it is important to realise that the same yardstick cannot be applied for all states. For instance, Bihar needs focus on primary education while Gujarat on higher and technical education. NITI Aayog is the result of long term decision and its benefits would be seen later."

Shah believed that key issues like GST have been effectively dealt with by the government.

"GST was always on an uncertainty zone in the last 10 years. But we have successfully done the initial work taking everyone together. It would be a reality soon. The government is focussed on 70 points for development. The IMF has also appreciated our efforts. The fall in oil prices has also helped us. But God help those who have a will to do good," the BJP president said.