Prime Minister Modi said the task of transforming India is proceeding at an unprecedented scale and that the government is working day and night towards easy, effective and transparent governance. He further said that large sections of India's population did not have access to banking services but the Jan Dhan Yojana changed that in a matter of months and transformed the lives of millions adding that most sectors of the Indian economy are open for foreign investment.  "Keeping our emphasis on 'Minimum Government, Maximum Governance', about 1200 outdated laws have been repealed in the last three years. We have simplified processes to start companies and for other clearances," he said.