New Delhi. The Manmohan Singh-led UPA government's poor economic situation has become bad karma.Prime Minister has called a meeting regarding this matter. Congress Working Committee meeting on Monday, Prime Minister Manmohan Singh has said that the country is going through difficult economic times. Congress leaders at the meeting expressed concern over rising inflation.Meanwhile, Finance Minister Pranab Mukherjee told a press conference after a meeting of the CWC, the economy's ups and downs. Measures to reduce inflation was discussed. 1990 compared to 2012 is not right. " Pranab Mukherjee also said that gasoline prices were also discussed in committee. Pranab Mukherjee to reduce the price of gasoline has put the responsibility rests with the states. Mukherjee said that states should be reduced 25 per cent of the gasoline tax. Stagnant economy!Interest loans to a large proportion of government expenditure (Rs 2.8 billion), spending on defense (1.8 trillion) and subsidies (Rs 2.2 trillion) as is. Five signs of poor economic condition1. Down from 9 per cent of the country's growth rate reached 5.3 per cent.2. For a large part of the government's spending on debt interest (Rs 2.8 billion) is going to pay.3. Worst hit by inflation. Great increase in petrol prices. 8.22 per cent inflation rate in March last.4. Fiscal deficit to 5.9 per cent in fiscal 2011-12.5. 2.2 billion as a subsidy to be Rs.But the hope of relief!Monetary policy on the front of the public is looking for hope of relief. The Reserve Bank today indicated that interest rates could be cut. FICCI to bring the economy back on track action plan is suggested. The 12 points are:- Diesel and other products from the government control over prices.- Apply changes in FDI policy. This multi-brand retail, should be applied in such areas as civil aviation.- Land Acquisition Bill is passed in its current format.- Changes in monetary policy interest rate cut of 200 bps to 100 bps and CRR.- GST to be applied as soon as possible.- To promote a competitive environment by making the coal sector.- Instrument such as municipal bond funds through the development of infrastructure needed to be arranged.- Utility (productivity) and increase food security through agricultural marketing reform laws.- The production policy, such as the National Electronics PCPIR policy and key policies and projects to be implemented as soon as possible.- Make arrangements to bring black money in the country.- For investment in all sectors announced Stimuls.- Superficial welfare state to be left to the government. On the other hand, the main opposition BJP are up in arms against the government.In 1987-89 a similar situation and was still in power changes. Inflation and corruption is staggering and the government is set to change. So in 2014 will do the same. " Taking the prime target, he said, "Despite the economist Manmohan Singh could not bring the economy back on track for growth.Given India's strong economic growth led traders said. Country's growth rate to reach 9 per cent contribution to the success of the industry. The consistently poor financial status only indicates that the country would be like to come. UPA strangled the country's economic growth. "
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