President Pranab Mukherjee to Modi govt: Bring economy back on track

first_imgPresident Pranab Mukherjee on Monday addressed the joint sitting of Parliament, elaborating on the agendas of the new government. While saying that poverty had no religion, creed and region, he informed the house about government’s commitment to poverty alleviation.Terming the current economic situation as “extremely difficult”, President Pranab Mukherjee today expressed the government’s commitment to put India back on high growth path, while containing inflation and making tax regime non-adversarial.”…putting the Indian economy back on track is paramount for my government. We will work together to usher our economy into high growth path, rein in inflation, reignite the investment cycle, accelerate job creation and restore the confidence of domestic as well as international community in our economy,” he said.The President in his address to the joint sitting of Parliament unveiled the policies and priorities of the BJP – led NDA government which assumed power last month after elections to the 16th Lok Sabha.Prime Minister Narendra Modi with President Pranab MukherjeeThe economy, Mukherjee said is “passing through an extremely difficult phase. For the two consecutive years, our GDP growth has been less than 5 per cent. Tax collection has declined. Inflation continues to be an at unacceptable level”.Referring to the high food inflation, he said the new government will give “top most priority” to contain it.The government, he added, will take effective steps to prevent hoarding and black marketing and reform the public distribution system, incorporating best practices from the states.The President further said the government is alert about the possibility of a subnormal monsoon this year and is in the process of preparing contingency plan to deal with the situation. advertisementThe government announced Monday that it will liberalise foreign equity in defence production and will also encourage private investment in defence.”Government to encourage private investments in defence production,” President Pranab Mukherjee said. (Must read: Full text of President Pranab Mukherjee’s speech ) He added that the government will also liberalise FDI (foreign direct investment) in defence production.”With available human resources, India can emerge as global platform for defence,” he said.Mukherjee also said the armed forces will be modernised and manpower shortages addressed on priority.A national maritime authority will also be set up.President Pranab Mukherjee addresses Parliament’s joint session: Highlights- It’s a matter of great satisfaction that general elections were smooth and largely peaceful.- This has been an election of hope.- A party has got absolute majority after almost 30 years.- My govt will function with the mantra of “minimum government, maximum governance”.- I congratulate fellow citizens for voting for stability and development.- The greatest challenge before us is to end the curse of poverty in India.- My govt will take steps to curb hoarding and black marketing.- My govt is alerted to a sub-normal monsoon this year, contingency plans are being made.- My govt is committed to improving quality of life in villages through empowered panchayati raj system.- We will not settle for only poverty alleviation, we are aiming for poverty elimination.- Each drop of water is precious, my govt is committed to giving high priority to water security.- My govt will launch national sports search system; sports will be made integral part of school curriculum.- Swachch Bharat Mission to be launched.- The govt will set up IITs and IIMs in every state.- National Madarssa modernisation programme will be initiated.- ‘Beti Bachao and Beti Padhao’ mass programmes to be launched.- Govt will formulate a new health policy and roll out a national health insurance mission.- Govt will have zero tolerance towards violence against women.- It’s govt’s commitment to have 33 per cent reservation for women in Parliament.- Issue of infiltration in the North-East will be tackled on priority.- Efforts will be made to ensure that Kashmiri Pandits return to their homeland.- National e-governance plan to be launched, Wi-Fi zones to be provided in critical public areas in the next 5 years.- Social media will be used for participatory governance.- Tax regime will be made non-adversarial and investment friendly.- Govt will launch a diamond quadrilateral project of high-speed trains.- India can emerge as a global platform for defence. My govt will address manpower shortage on priority in the defence services.last_img

first_imgPresident Pranab Mukherjee on Monday addressed the joint sitting of Parliament, elaborating on the agendas of the new government. While saying that poverty had no religion, creed and region, he informed the house about government’s commitment to poverty alleviation.Terming the current economic situation as “extremely difficult”, President Pranab Mukherjee today expressed the government’s commitment to put India back on high growth path, while containing inflation and making tax regime non-adversarial.”…putting the Indian economy back on track is paramount for my government. We will work together to usher our economy into high growth path, rein in inflation, reignite the investment cycle, accelerate job creation and restore the confidence of domestic as well as international community in our economy,” he said.The President in his address to the joint sitting of Parliament unveiled the policies and priorities of the BJP – led NDA government which assumed power last month after elections to the 16th Lok Sabha.Prime Minister Narendra Modi with President Pranab MukherjeeThe economy, Mukherjee said is “passing through an extremely difficult phase. For the two consecutive years, our GDP growth has been less than 5 per cent. Tax collection has declined. Inflation continues to be an at unacceptable level”.Referring to the high food inflation, he said the new government will give “top most priority” to contain it.The government, he added, will take effective steps to prevent hoarding and black marketing and reform the public distribution system, incorporating best practices from the states.The President further said the government is alert about the possibility of a subnormal monsoon this year and is in the process of preparing contingency plan to deal with the situation. advertisementThe government announced Monday that it will liberalise foreign equity in defence production and will also encourage private investment in defence.”Government to encourage private investments in defence production,” President Pranab Mukherjee said. (Must read: Full text of President Pranab Mukherjee’s speech ) He added that the government will also liberalise FDI (foreign direct investment) in defence production.”With available human resources, India can emerge as global platform for defence,” he said.Mukherjee also said the armed forces will be modernised and manpower shortages addressed on priority.A national maritime authority will also be set up.President Pranab Mukherjee addresses Parliament’s joint session: Highlights- It’s a matter of great satisfaction that general elections were smooth and largely peaceful.- This has been an election of hope.- A party has got absolute majority after almost 30 years.- My govt will function with the mantra of “minimum government, maximum governance”.- I congratulate fellow citizens for voting for stability and development.- The greatest challenge before us is to end the curse of poverty in India.- My govt will take steps to curb hoarding and black marketing.- My govt is alerted to a sub-normal monsoon this year, contingency plans are being made.- My govt is committed to improving quality of life in villages through empowered panchayati raj system.- We will not settle for only poverty alleviation, we are aiming for poverty elimination.- Each drop of water is precious, my govt is committed to giving high priority to water security.- My govt will launch national sports search system; sports will be made integral part of school curriculum.- Swachch Bharat Mission to be launched.- The govt will set up IITs and IIMs in every state.- National Madarssa modernisation programme will be initiated.- ‘Beti Bachao and Beti Padhao’ mass programmes to be launched.- Govt will formulate a new health policy and roll out a national health insurance mission.- Govt will have zero tolerance towards violence against women.- It’s govt’s commitment to have 33 per cent reservation for women in Parliament.- Issue of infiltration in the North-East will be tackled on priority.- Efforts will be made to ensure that Kashmiri Pandits return to their homeland.- National e-governance plan to be launched, Wi-Fi zones to be provided in critical public areas in the next 5 years.- Social media will be used for participatory governance.- Tax regime will be made non-adversarial and investment friendly.- Govt will launch a diamond quadrilateral project of high-speed trains.- India can emerge as a global platform for defence. My govt will address manpower shortage on priority in the defence services.last_img

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