New Delhi, June 4 (Agencies): President Pratibha Patil on Thursday outlined the priorities of the new Government for the next 100 days. Prominent among them being a slew of women development plans including the long-pending Women Reservation Bill. Ensuring accountability in implementation of public welfare schemes, including the NREGA is also on top of the agenda.
President Pratibha Patil walks during a official welcoming ceremony at the presidential residence in Mexico City in this April 17, 2008 file photo.India's president said that the new government would revive economic growth and help millions of poor with higher spending and expansion of social programmes, despite fears of a growing fiscal gap. Outlining the new Congress-led government's policies after a resounding election win in May, Pratibha Patil said minority stakes in state-run firms would be sold in a move that could help fund spending.
The government will also take steps to encourage foreign investment inflows, list shares of state-run firms and infuse more capital in banks to help boost economic growth which is at a six-year low. "The current financial year is expected to see a slowing down of growth on account of the global recession," Patil said in an address to parliament. "Our immediate priority must be to focus on management of the economy that will counter the effect of the global slowdown," she added."
The main BSE share index extended early losses to 1.8 percent just after the speech, but climbed to finish up 0.93 percent at its highest close in nine months, bolstered by hopes the government would revive growth by boosting investment and pushing reforms. "Some signs of new policy measures to lift growth are there, but meeting the expectations of the market would be difficult for the government," said K.K. Mital, head of portfolio management services at Globe Capital.
Patil said the government would expand programmes such as the rural job scheme and enact a food security law to guarantee cheap grains for poor families, in a nod to millions of poor Indians that helped the Congress party to election victory in May. "My government will ensure that the growth process is not only accelerated but also made socially and regionally more inclusive and equitable," Patil said.
10 areas of priority for UPA govt
1. Internal security and preservation of communal harmony
2. Stepping up of economic growth in agriculture manufacturing and services
3. Consolidation of the existing flagship programmes for employment, education, health, rural infrastructure, urban renewal and introduction of new flagship programmes for food security and skill development
4. Concerted action for the welfare of women, youth, children, other backward classes, scheduled castes, scheduled tribes, minorities, the differently-abled and the elderly along with strengthened and social protection
5. Governance reform
6. Creation and modernisation of infrastructure and capacity addition in key sectors
7. Prudent fiscal management
8. Energy security and environment protection
9. Constructive and creative engagement with the world
10. Promotion of a culture of enterprise and innovation
Growth, internal security key priorities: President
Source:
President Pratibha Patil walks during a official welcoming ceremony at the presidential residence in Mexico City in this April 17, 2008 file photo.India's president said that the new government would revive economic growth and help millions of poor with higher spending and expansion of social programmes, despite fears of a growing fiscal gap. Outlining the new Congress-led government's policies after a resounding election win in May, Pratibha Patil said minority stakes in state-run firms would be sold in a move that could help fund spending.The government will also take steps to encourage foreign investment inflows, list shares of state-run firms and infuse more capital in banks to help boost economic growth which is at a six-year low. "The current financial year is expected to see a slowing down of growth on account of the global recession," Patil said in an address to parliament. "Our immediate priority must be to focus on management of the economy that will counter the effect of the global slowdown," she added."
The main BSE share index extended early losses to 1.8 percent just after the speech, but climbed to finish up 0.93 percent at its highest close in nine months, bolstered by hopes the government would revive growth by boosting investment and pushing reforms. "Some signs of new policy measures to lift growth are there, but meeting the expectations of the market would be difficult for the government," said K.K. Mital, head of portfolio management services at Globe Capital.
Patil said the government would expand programmes such as the rural job scheme and enact a food security law to guarantee cheap grains for poor families, in a nod to millions of poor Indians that helped the Congress party to election victory in May. "My government will ensure that the growth process is not only accelerated but also made socially and regionally more inclusive and equitable," Patil said.
10 areas of priority for UPA govt
1. Internal security and preservation of communal harmony
2. Stepping up of economic growth in agriculture manufacturing and services
3. Consolidation of the existing flagship programmes for employment, education, health, rural infrastructure, urban renewal and introduction of new flagship programmes for food security and skill development
4. Concerted action for the welfare of women, youth, children, other backward classes, scheduled castes, scheduled tribes, minorities, the differently-abled and the elderly along with strengthened and social protection
5. Governance reform
6. Creation and modernisation of infrastructure and capacity addition in key sectors
7. Prudent fiscal management
8. Energy security and environment protection
9. Constructive and creative engagement with the world
10. Promotion of a culture of enterprise and innovation
Growth, internal security key priorities: President
Source:
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