Govt to push economic reforms: FM

Agencies
Posted: Tuesday, Jul 22, 2008 at 2106 hrs IST
Updated: Tuesday, Jul 22, 2008 at 2106 hrs IST

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Finmin: 3% deficit only by FY15 Forex reserves down at $284.3 billion Northern region largest contributor to GDP Direct tax kitty grows nearly 4 pct

New Delhi, July 22:: Finance Minister P Chidambaram on Tuesday said the Government would now push ahead with the unfinished economic reforms agenda after its victory in the confidence vote.

"With 275 votes, this government has an absolute majority and this is a confidence to go forward," he said after the trust vote.

Crucial legislations in insurance and banking sectors and bills for setting up of a pension regulatory body and one for unorganised sector had been pending following opposition from the Left parties that were till recently providing outside support to the UPA Government.

"The Government will be approaching other members who are not opposed to economic and social reforms and so we will move ahead with the reforms," Chidambaram said.

"Now we have crossed a major bridge that is the Indo-US civilian nuclear deal. Now, we will move ahead on economic and social reforms."

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» Reforms .. in Bribery Act.. wanted

Posted by aKusari on 2008-07-23 00:25:26.164243+05:30
OOhhh... what a win .. !! With so many back door diplomacies .. use of money power .. horse-trading .. !! Now, Chidaaromsahib FM, may you bring reforms in "Indian Bribery Act" to make it transparent and more userfriendly .. ?Foreigners watching events unfolding in India, were amused to see bunch of money packets in the floor of the House .. !!Never mind .. people outside India might not know that " in India donation by Industry Houses to political parties is not permitted" .. and such donations are frequently taken by the parties in the developped nations well permitted by law. And here comes the N-deal where was the tremendious pressure of the influential 'business lobby' of the USA and the Media houses there ... a huge amount of money is involved which may give rebirth to the dormant reactor industry in USA and may supply some oxygen to the slugging economy of this country .. !! Incidently, this time, the Industry houses of India came forward openly in help of their brethen in the US to see that the present Govt. may sail the deal smoothly and ventured to supply the (cash) money through the parties supporting the present Govt. Hay .. look .. it is the ill-effects of globalisation .. some of our Industries are MNCs these days .. remember .. !!Truth about the bribery may come out .. but the countrymen here in India suffering with so many issues is ashamed to see / learn how the lawmakers were influenced with bribes. It is a "Black Day" for Indian democracy ... plenty of 'dealers' were seen .. but very few 'leaders' were there .. !!

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