"Govt to implement economic reforms in 2 yrs"

Khurshid says economic growth is not only rapid growth but inclusive growth

PTI | October 11, 2012



The Congress-led UPA government has found the "right combination" in the alliance to push through much-needed economic reforms in India in the next two years, Minister of Law and Justice Salman Khurshid has said.

"We have moved in a manner which is sustainable from economic and political point of view. Economic growth for us is not only rapid growth but inclusive growth," Kurshid said.

"We have found the right combination in the alliance to push through the reforms and we will be able to provide the promised platform in the next two years." Khurshid said, apparently referring to the exit of Mamta Banerjee's Trinamool Congress from the UPA over major reforms like FDI in retail.

The minister was was delivering his inaugural address at a three-day 12th International Conference on Corporate Governance and 3rd Global conference on Sustainability at the Royal Over-Seas League here last night.

"We are today giving under BPL (Below Poverty Line) free health insurance up to Rs 30,000 and we will hopefully provide everyone a dwelling house "We have guaranteed 100 days of employment at least one in a family and we will very soon ensure 65 per cent of the population get subsidised food," he said, reeling out several measures the government had taken to bring about not only a rapid growth but and inclusive growth.

Khurshid said a new legislation is being brought for acquisition of land under which there would be no room for agitation.

The minister noted that that there was enormous opportunity in education and automobile sectors.

"We did have problems in the telecom sector but a very far reaching dramatic judgement has come (from Supreme Court) which has clearly stated 'it is not our job to judge what is good economic and bad economic policy'."

Referring to the controversial 'Retrospective effect tax', the minister said "it is done here (in the UK), USA and China. We have concerns about it and some tweaking is necessary. The severity of the retrospective effect will be reduced substantially."

Comments

 

Other News

Gandhian movement after Gandhi failed: Ram Guha

The Gandhian movement in India, after Gandhi’s death, failed, says Ramachandra Guha, and blames Vinoba Bhave for it. But the movement found new, fertile grounds around the world and succeeded in bringing about a change in South Africa, the US and elsewhere. It is high time it returned home. Of cour

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj

Cabinet approves setting up of Integrated Transport & Logistics Authority

The union cabinet, chaired by prime minister Narendra Modi, on Tuesday approved the setting up of a Special Purpose Vehicle (SPV), called Integrated Transport & Logistics Authority (ITLA), to strengthen research, planning, appraisal, monitoring and impact assessment within the broad domains of Transp

Why foundational literacy and numeracy is key to school education

Foundational Literacy and Numeracy (FLN) are often described as the building blocks of education. Yet, their significance goes well beyond a child’s ability to read a sentence, write a response or solve a basic mathematical problem. These foundational skills shape how children understand the world,

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter